Online
shopping has become a huge part of our lives today, and it’s only going to grow
more in the coming years especially with the number of e-commerce businesses being
launched today.
With
UAE currently hailed as having the most advanced e-commerce market in the whole
MENA region the demand for e-commerce licenses in Dubai is rapidly increasing,
with an average annual growth of 23 percent projected between 2018 and 2022.
This
growth is due in part to a number of factors, but more importantly, the UAE
government’s decision to support smart transactions between businesses and
consumers for different types of purchases and services in the country.
How to get an e-commerce license in Dubai
Decide on your jurisdiction
The
two major areas in the UAE for business setup are the mainland and the free
zone. If you decide to setup a company on a mainland, your e-commerce license
will be issued by the Department of Economic Development (DED), and if you go
with the free zone, it will be issued by the relevant free zone authority.
What is your legal structure
Are
you a sole establishment, LLC, a representative office etc.
Register your trade name
In
order to get the initial approval certificate from the DED, you have to reserve
your trade name.
Provide all the Required documents these include:
Passport/visa
copies of the shareholders
Copy
of sponsors passport/ emirates ID
Local
service agreement/ Civil works agreement
NOC
from the relevant authority
Draft
an MOA
Once
you’ve submitted all the required documents, to the authorities along with your
Tenancy Contract and Ejari, you can open a corporate bank account upon receiving
the license.
These
are just a few of the steps to keep in mind before starting an online business in the UAE. You may or may not require all the steps mentioned above, but that
is based on the nature of your business.
IBG has a team of experienced and professional
experts on hand, to guide and assist you through the entire process and ensure
your launch is successful. To get started or schedule a meeting simply send us
an e-mail.
