With time, online businesses have become a trend and necessity. With a lucrative business environment, the online business sector in Dubai is also rising. Just like so many other entrepreneurs, if you are also planning to start a digital business in Dubai, you must know that an online trading license in Dubai is important for the same.
The online trading license in Dubai was introduced by the DED in the year 2017. This license helps to regulate the sales of all the goods done via the internet. The online trading license is significant for online promotion and starting a business in the UAE.
What are the Benefits of an online trading license in Dubai?
Anyone who wants a home-based online business setup in the UAE can obtain an online trading license. This license allows you to sell various goods and services through social media platforms like Facebook and Instagram or eComm websites. Even freelancers willing to provide services online can apply for this license. The online trading license in Dubai offers you a good number of benefits:
- Acquiring an online trading license helps you with hassle-free online sales.
- The online trading license helps you gain your customers’ trust and confidence.
- It allows you to sell various products through valid social media accounts or eCommerce websites.
- The online trading license allows home-based entrepreneurs to participate in exhibitions and events to showcase their products.
- The license holders can take part in the E-Trader Training Program offered by the DED.
- Renting office space is not compulsory.
- Ejari registration or tenancy contract is not required.
- You can get up to 3 employment visas as per requirement.
- You are entitled to 100% ownership of your company.
All the above benefits are lucrative opportunities for people thinking of starting a business in the UAE.
What are the Requirements to Obtain an online trading license in Dubai?
For starting a business in the UAE, there are essentially 2 types of online trading licenses, commercial and professional. To obtain an online trading license for your business in Dubai, you must comply with the following requirements:
- You should be a resident in Dubai and must have a valid Emirates ID.
- You must be 21 years or above in age.
- Get your trade name registered with the legal authorities.
- Get necessary permissions and initial approvals from the respective government bodies.
- You must present proof of residence in UAE (Makani Number)
- After the online trading license is issued, you must make the payment within 24 hours of the issuance of the payment link.
- You must renew your license annually within a month of the expiry date. If you fail to do so, the government will cancel your license.
- Submit a photocopy of your current passport.
- Complete your application process with DED.
How to Get Your Online Trading License in Dubai?
The process to acquire your online trading license in Dubai is very simple:
Step 1 - The very first step is to create a trader account on the DED trader website.
Step 2 - Next, you must register for the online trading license and initiate the payment.
Step 3 - Submit the required details of your social media accounts or E-commerce platform.
Step 4 - After you have registered, you will receive a confirmation message from DED.
Step 5 - Download your online trading license.
What is The Cost of an Online Trading License in Dubai?
An online trading license can cost around 1,200 AED. You might also have to pay an additional fee for commercial activity. The fee can be paid within 24 hours after the license is issued by DED. After the successful completion of the application process, you can acquire your online trading license in Dubai in around 5-10 working days.
Connect With Shuraa
Though the application process for acquiring an online trading license is simple, the paperwork can be too much. In order to get an online trading license with ease, we suggest you get in touch with expert business consultants for your business setup in UAE. All you have to do is connect with business setup experts at Shuraa and we will take care of the rest.
Connect with Shuraa today by calling us on +971 44081900. For chat assistance, send a WhatsApp message on +971 50 777 5554. You can also write to us at [email protected].
Get more information about trade license qatarBusinesses can be formed through a skilled professional or by a licensed administrator appointed from the Companies House.
An application can be made to all the licensed traders.
A director may also be termed who is a skilled individual having authority to manage the business.
The next step after completion of all these steps would be to register the business name.Company Formation in Qatar also needs a decision to be made as to whether the business ought to be established as a limited liability company, a partnership or a sole proprietorship.
There are various decisions to be obtained regarding the nature of the business, number of directors, voting abilities and preferences.
In addition to those, there are numerous different items which need to be stated in the Memorandum of Association of the new company.
