Dubai is the ultimate location for e-commerce because it is a global shopping destination. According to some surveys, 91. 9 % people in the UAE have access to the internet, one person among every three residents purchase online at least once every month, and e-commerce sector in the UAE was valued $10 billion by the end of 2018. Zero tax is just one of many reasons that many people are looking to obtain Dubai e-commerce license. If you are making your mind to start e-commerce in Dubai, then here Trade License Zone has some useful guidelines regarding how to get your Dubai e-commerce license.
- Free zone or mainland
If you are looking for trade then the first thing is what kind of setup is suitable for your business. There are two basic options in the UAE. Free zone and Mainland. If you choose mainland option, then you can freely trade in the UAE market without any local agent and even permitted to take government contracts. As for the free zone, you can get all sorts of UAE benefits of zero percent tax rate, no currency restriction, resident visa for 3 years, full customs tax exemption, and finally the ease to repatriate 100% your capital and profits. This all seems very good but for that, you need to involve a local agent. For a low-cost start-up, the free zone option would be a great choice.
- Register a trading name
In Dubai, trade license would require you to have a decent name for your company. You cannot use any blasphemous name or word for your company in an Islamic country.
- Apply for a license
The department of Economic Development in UAE issues Dubai e-commerce license. In both mainland and free zone, it takes almost AED 15,000 to AED 50,000 depending on how big your business is. This covers all the legal cost. Considering the process can be long and there are expected to be some errors, we suggest you hire Trade License Zone services.
- Applying for a visa
Once your license is approved, you can apply for a visa for you, your family, your employees, and other staff.
- Open a corporate bank account
Considering the fact that you will be needing a corporate bank account to make business transactions. This can be a bit difficult with all the procedural details and stuff. That is why the trade License Zone can help you navigate which bank would be suitable according to your needs.
