Now it is possible to conduct business in one of the most prosperous regions of the world, without being physically present there. Sounds unbelievable? Well, you've got to believe. The Deputy ruler of Dubai- Sheikh Maktoum bin Mohammed bin Rashid Maktoum launched the Virtual Company Licence. As the name sounds, it is an initiative aimed at allowing prospective business visionaries globally to set their foothold in the City of Gold. This virtual licensing will enable people from across the globe to set up their business via all digital procedures, and even conduct the same without needing to reside in Dubai, according to multiple media reports. Such an initiative is expected to attract a massive one hundred thousand companies in the region. The Virtual Company Licence is also the first-in-kind in the area, reports Arabian Business . How Far the Allowances of this Digital Licence Goes When it comes to Business Setup in Dubai? The Virtual Company Licence is designed