If you are planning to open an online store in Dubai, you should be aware of the requirements to obtain a e-commerce license. There are several factors to consider, such as the location of the company, the type of e-commerce license required, and the cost of the license.
Cost of an e-commerce license in Dubai
If you are planning to establish an e-commerce business in the UAE, you will first need to obtain an e-commerce license. The costs vary depending on the type of business, the location, and the number of visas applied for. In some cases, the license can be obtained for free. However, you will also have to pay Customs Duty on imported goods.
The e-commerce industry is expected to grow significantly in the coming years, reaching $20 billion by 2021. This is due to the growth in the number of consumers who shop online. You will also have to register your e-commerce website with a local authority, and a local Customs and VAT code.
There are many benefits to setting up a business in the UAE. For example, you will not have to pay personal tax on the profits, and the UAE has the fastest broadband in the world. Furthermore, you can get the license in just a few days. You can easily expand your company by hiring more employees. You can also get logistics support for door-to-door delivery.
One of the most popular ways to set up a business in the UAE is through the use of a Limited Liability Company (LLC). These companies typically provide a number of beneficial services to their owners, including low-cost office space and professional assistance.
In order to get an e-commerce license, you must submit an application. Your application will include the details of the goods you are selling, the number of business activities you will engage in, and the required documents. The Department of Economic Development (DED) will grant you an e-trader license. This is only available to citizens of the UAE. You will not be issued an e-commerce license if you are not a UAE national.
You can choose to set up your e-commerce business in the mainland or in the free zone. If you choose to set up your business on the mainland, you will not have to pay upfront capital. You can instead opt for a 12-month installment plan of license payment. You can also avail of a number of payment providers such as HyperPay, PayTabs, and Stripe.
Another option is to set up your e-commerce business as a subsidiary of an international company. This option is more convenient, because you don’t have to deal with the hassles of dealing with the local authorities. The license cost is also lower. You can obtain the license as a sole proprietorship or as a company.
You can also get an e-trader license if you are an individual or a group of two to three people. You do not have to own a physical store, but you do need to speak the language of the country. The costs for setting up your e-trader business are not that high, but you will have to meet other requirements.
The UAE has become a key player in the e-commerce industry, with many businesses opting to shift their business operations online. The number of companies using the internet to conduct their trade has increased dramatically, with a recent report estimating that the MENA region will see an 18.4 billion dollar market by 2024. The government has helped facilitate the growth of this industry by issuing an e-trader license to traders who wish to sell goods or services online.
There are several free zones in the United Arab Emirates that are well-suited for e-commerce companies. These zones have a vast infrastructure for commerce operations, including customs departments and payment providers. They also have a variety of other facilities to support businesses.
For example, the Dubai Airport Free Zone provides state-of-the-art office space, a warehouse facility, and an in-house customs department. Additionally, it offers an exclusive e-commerce license in the country. The process for establishing a company in this area is easy and straightforward. The free zone is highly competitive and allows entrepreneurs to start their businesses without having to pay a lot of money.
Another great advantage of e-commerce companies in the UAE is the ability to take advantage of a 100% exemption from customs tax. This means that businesses can increase profits while cutting costs. In fact, one of the best reasons for choosing to set up an e-commerce company in the UAE is that it gives entrepreneurs the opportunity to experience the dynamism of the UAE market.
Obtaining an e-commerce license in the UAE is very simple. It can be done in just a few hours. However, there are a few things you should keep in mind before doing so. First, you need to decide whether to start your e-commerce business in a free zone or on the mainland. You will also need to select a legal structure for your company. You can choose from a civil or LLC corporation, a sole proprietorship, or a joint venture. You can also obtain a general trading license, which is a good option for those who want to establish a trading business.
You can also choose to set up a representative office. If you have multiple shareholders, you can get an e-commerce license for each of them. The cost will depend on the type of license you choose and the number of visas you apply for. In addition to that, you will need to register your business with the local market portals.
The cost of getting an e-commerce license in the UAE will vary depending on the size of your business. The price will also depend on your location. The cheapest way to do this is to start an eCommerce company in a free zone. You can then move to a larger office later.
If you are looking to establish an online business in Dubai, you need to apply for a business license. There are many options available to you. However, choosing the right one can be difficult. Here are some of the most important considerations.
The first thing you should do is identify your target market. You have to research and compare the various alternatives. E-commerce is an ideal method to reach a larger audience. It is also a time-efficient way to conduct business. The Internet has given people access to a wealth of information and products, but you need to be careful about the legality of your business.
There are two main types of e-commerce licenses. There is a portal license, which is perfect for listing websites. There is also the e-trader scheme, which is a relatively new offering by the Department of Economic Development. It allows you to license your online business on social media.
Depending on what you are planning to do, the cost of your e-commerce license will vary. You can pay AED 4,500 to AED 14,500 for an e-commerce license in the mainland region of the UAE. The cost is much lower in the free zones of Dubai. In fact, the e-commerce license in the free zones of Dubai is among the cheapest in the emirates.
Before you begin the process of acquiring an e-commerce license, you should make sure that you have all the necessary information. The EBMS business LLC is a company that provides the services you need to secure your e-commerce license.
It is also wise to choose a brand name. You need a name that accurately reflects the nature of your business. For instance, if you are a restaurant, you should choose a brand name that makes you sound like a professional. Ideally, you should be able to purchase your brand name from a reputable source. You can also check with a company formation agent for more information.
The DED also offers networking events, marketing management, talent acquisition, and capital repatriation for companies with an e-commerce license. The e-commerce industry in the UAE is expected to grow 23% by 2022. In fact, e-commerce is estimated to be a $20 billion industry by 2021.
It is also advisable to choose an online payment provider. There is a growing list of credit cards, debit cards, and other options. You should also consider a bank account that will serve as your corporate account. There are plenty of benefits to having a e-commerce license, including the ability to analyze the market and see the smallest print of any deal.
It is not a bad idea to consult a business creation service such as Business Setup. They have a team of professionals including tax consultants, attorneys, and public relations officers. They have aided over 35,000 entrepreneurs in launching businesses in the UAE.