There has been growing interest in virtual teams, and more specifically in virtual software development. Requirements engineering, which is seen as a crucial phase in software development provides another dimension when software development occurs in a virtual setting. While formal software development methods are the obvious first choice for project managers to ensure a virtual information system project team remains on track, the social aspects of requirements engineering cannot be ignored. These social aspects are especially important across different cultures, and have been shown to affect the success of an information system. This chapter proposes a framework indicating that project managers need to encourage a balance between formal methods and social aspects in requirements engineering to suit the virtual team members.