The world is exploring social media as a marketing tool to meet the needs of businesses. Social media has allowed people to execute business ideas effortlessly. These business owners can operate from the comfort of their own homes. Furthermore, they do not necessarily have to spend enormous money establishing a business or selling their products or services.
They can also utilise social media channels to promote the word about the company. Social media serves as a marketing tool and a link between the seller and the buyer in this way.
What is an E-Trader License?
The E-Trader license is a government initiative that allows individuals to conduct online business activities in the UAE. Dubai's Department of Economic Development (DED) created the provision of the E-trader license in Dubai. Their motive was to govern the sale of products and services through the internet. This made sure that the businesses are legitimate.You will be able to carry out the business activity of your choice as an e-trader only after getting an e-trader license in UAE. Those who engage in business activities without an e-trader license will eventually face confrontation with legal authorities. So, all businesses should have an appropriate and valid e-trader license.
You can offer your products or services through your e-trading business. You can operate an e-trading business if you have a DED trader license. This blog talks about how to get an e-trader license in the UAE.
Benefits of UAE E-trader License
E-trading is a popular method entrepreneurs use to sell and market their goods and services via the Internet. They use a variety of social media platforms to carry out their business activities. Setting up an e-trading business in Dubai comes with a host of benefits.
1. Access to a Vast Audience
With 99% of the UAE's population using social media, e-trading businesses can tap into a massive target audience. This extensive reach allows entrepreneurs to market their products effectively and engage with potential customers.
2. Low Initial Investment
Unlike traditional businesses, e-trading does not require a significant initial investment. Entrepreneurs can start with a small budget, allowing them to minimize risks. As the business grows, investments can be gradually increased, making it a scalable option.
3. Advanced Digital Infrastructure
The UAE boasts a cutting-edge digital infrastructure and has implemented various technological advancements to support e-trading. This conducive environment enables businesses to operate efficiently and access high-quality internet services, fostering growth.
4. Strategic Location
Dubai's strategic position as a global trading hub connects East, West, North, and South. With excellent logistics facilitated by major seaports and airports, e-trading businesses can easily source products from manufacturers and suppliers worldwide after obtaining a DED e-trader license.
5. Tax Benefits
One of the most appealing aspects of establishing an e-trading business in the UAE is the absence of personal and corporate taxes. Entrepreneurs can fully repatriate their profits, enhancing their overall profitability and encouraging investment in their businesses.
How to get an E-Trader License in Dubai?
You will have to go through the process of obtaining the e-trader license in Dubai Mainland or any other city in UAE after arranging the documents. An e-trader Dubai license allows you to operate your e-trading business in Dubai. The steps below will help you understand how to apply for an e-trader license.
1. Choose a Business Activity
The procedure of obtaining an E-trade license begins with selecting your business activity. Your e-trading business idea is the foundation of every further business activity you carry out. The UAE allows carrying out a wide range of business activities. Building a business requires a significant amount of time and effort. So choose a business idea accordingly.
2. Choose a Company Name
The name of your e-trading business will reflect its identity. Your business name will be your first impression with your potential customers. That being the case, you must select an appropriate name for your e-trading business.
3. Apply for the License
Make sure you apply for the correct license according to the business activities your business will be carrying out. You can apply for the UAE e-trader license through Shuraa.
But, there are a few crucial factors to take care of before applying for the license. Only UAE residence visa holders or GCC citizens can obtain an e-trader license. So being an ex-pat, you need to get your UAE residence visa.
Shuraa experts can help you avoid any confusion over your eligibility to get an E-Trader license in Dubai or any other city in the UAE. They can also guide you with your e-trading license application and fees.
4. Office Space
The company structure of an e-trading business in the UAE can be sole Establishment & LLC as well., an e-trading business usually does not need a physical office space. Nonetheless, experts from Shuraa can guide you better in this case.
5. Get E-Trading Licence
You can receive your e-trading license once you have concluded all the steps successfully.
Documents Required to Get an E-trade License in Dubai
You have to submit certain documents before you start the process of obtaining a license for your E-trading business in the UAE. The documents must be correct and valid. This would avoid any delays in the application process.
The documents required for the e-trading license in Dubai are:
- Copies of passports and visas of you and your partners
- Two colored passport-size photographs of you and your partners
- Entry visa and stamp pages
The business owner should fulfil certain conditions before applying for an E-trade license. The experts at Shuraa India can assist you with the complete list of required documents. They can also help you with criteria like minimum age, residency, registration, and Emirates ID.
What Is the Cost of Getting an E-trader License?
The average cost of an E-trader license in Dubai is AED 1,070, which includes essential services to kickstart your online business. Additionally, a membership fee of AED 300 to the Dubai Chamber of Commerce is required. Discover how this affordable investment can help you thrive as a sit-at-home entrepreneur in Dubai!
So providing a precise figure is impossible. But, a bank guarantee is no longer needed. This makes it easier to secure an e-trader license in Dubai or any other city.
Experts at the Shuraa India branch will assist you in understanding the E-trade license prices. They would also ensure that you do not spend more than required.
Start Your E-trading Company With Shuraa
The government has streamlined the e-trading licensing procedure. Nonetheless, making appropriate decisions requires some effort and an in-depth understanding of the region, its markets, customs, and regulations.
Shuraa's expert consultants can guide and manage the procedure to get an e-trading license for you. They can help you through the most recent government rules to get you an e-trading license and meet your business demands. Just get in touch with us to get started!
