How to Get a Business License with a Virtual Account?
All businesses Require licenses because a license is the one thing that helps the government keep track of all of the company’s activities, and through a license, they generate taxes. Operating a business without a permit is a risky step, and it might result in legal operations against you, and sometimes the company gets ceased.
What Is The Ideal Time to Get a Business License?
While you are planning your Business, you might get a few questions in your mind, like, when should I get the license for my Business? Sometimes it depends on the type of business you are planning to start. In some companies, you have to apply way ahead of the launch and start of your Business for the license. So that, when you officially decide to start your business, you don’t have to face any trouble at the beginning and initial days of your Business.
In some cases, you can apply right after starting your Business for a license. Businesses vary from type to type, and so does the need and time of applying for the permit. But having a license is mandatory for your business to flourish without trouble.
Startup of Business
Whenever a new entrepreneur starts a business, he has to face daunting and challenging administration tasks. The first and foremost thing to do to get a UAE Trade license is to open a corporate bank account. If you don’t possess a bank account, it would be difficult for you to do business transactions.
For Non-GCC Citizens, getting financial services is not easy because of the (KYC) Know Your Customer Legislation and the strict anti-money laundering regulations by the UAE’s Government.
Meydan’s Innovation
It was way before Meydan Pay got launched. Meydan is an E-Wallet for free zoned customers, which is innovative and easy to use. In Meydan, when you start our Business under a free zone, you will get your international bank account number then and there. You will not require to wait for days and weeks to pass KYC checks to open your business account.
Here is a list of things that Meydan will help you out with:
- You can receive your payments of Business in the wallet of Meydan.
- You can also add additional amounts and funds into your account and carry out transactions online.
- You can pay bills of all kinds while using Meydan.
- You will be able to make various payments across channels.
- QR codes and links can be used to proceed with the payment process.
- You can view your history of transactions and gain insight into your activities and spending.
Set Up the Wallet
Setting up the E-Wallet of Meydan is not complicated if you follow the steps and guidelines. It can be used by both the residents and non-residents and people of other nationalities. It is just a matter of minutes for you to start using your account after setting it up. Sending and receiving business money won’t be a problem. You can use your emails and phone numbers, and the option of liking your E-Wallet to bank accounts is also available.
Beneficial Points of Meydan
Meydan Pay is like a benefit of starting a business at Meydan Free Zone. Meydan provides various benefits, including:
- Availability of Business in the Centre of Dubai and the Whole UAE
When you are using Meydan Free Zone, you never get distanced from the centre of Business in Dubai and the hustle and bustle of the city centre. Meydan keeps you connected with the centre of Business.
- A Productive and Encouraging Environment
Dubai is a place where so many small businesses started and reached the heights of success, including SMEs and Multinational Corporations. Which makes it perfect for you to start your business and flourish.
- An Experience to Remember
You get an intellectual and intuitive license application kit at Meydan Free Zone, which brings all aspects of Compliance and the regulation of the businesses like UBO, ESR, and AML into a single league. Meydan will give you such an experience that you will remember forever.
Wrapping Up!
These are some of the advantages of Meydan that cannot be denied. You can get further details and awareness via consulting the right platform for it.
