Online businesses in UAE are rocketing to new heights due to its sought-after nature. Most entrepreneurs and investors are shifting from traditional to e-commerce platforms due to its efficiency. All you need to start an online business is an e-commerce license.
The major reasons that makes the investors opt for an online business are as follows:
- 100% repatriation of profits,
- Tax exemptions,
- Seamless resource availability,
- Sizable revenue, etc.
How to obtain an e-commerce license for online businesses in UAE?
Before you align your products or services, it is necessary to have complete information on how to get your e-commerce license.
Here are the steps you need to follow to establish your online business:
Choose a legal structure
Decide business location
Company’s trade name should be registered
Submit application for UAE e-commerce license
Initial approval certificate application submission
Draft Local service agent/MOA agreement
Choose office space to rent
In case of import/export, register with ports and custom authorities
Obtain your ecommerce license from the Department Of Economic Development(DED)
Open a bank account(corporate)
Now you must be wondering…
What is the cost of an e-commerce license in Dubai?
We are here to answer you. The cost of an e-commerce license usually depends on the type of business activity you are willing to perform. In general, the cost of obtaining an e-commerce license starts from AED 5, 750 which includes general costs such as DED registration fee, Office rent, Sponsorship cost for UAE local partner, Investor visa cost, Immigration card cost and much more
The types of E-commerce licenses you can obtain
- E-Trader license
- Portal license and
- Virtual license
The several types of business activities are constituted under these major sectors