In today’s world, the power of social media is undeniable. It is quickly establishing itself as a new economic sector, not only a place to meet and greet. It is the new trend in the market because of the unlimited opportunities it provides to both entrepreneurs and buyers. However, if left unchecked, it can lead to unexpected issues.
As the Dubai government is aware of both the benefits and drawbacks of an online business, it has enacted specific regulations. This article is especially for you if you want to be an E-trader in Dubai. We’ll look at how to become an E-trader and who can be an E-trader, as well as the requirements for becoming an E-trader in Dubai.
What is an E-trade license?
The prerequisite to being an E-trader in Dubai is obtaining an E-trade license. To start a business on social media, you’ll need an E-trade license. The authorities have devised a procedure for obtaining the license in question. The Department of Economic Development (DED) is an official institution responsible for processing applications and issuing licenses. A DED Trader License, or simply a Trader License, is what should top your list. However, be informed that selling your products and services in other Emirates requires separate clearance from the appropriate DED authorities.
What are the benefits of becoming an E-trade in Dubai?
As E-traders in Dubai, individuals can lawfully promote and sell items and services through social media accounts such as Instagram, Facebook, and others, as well as a personal website. Moreover, with an E-trade license, individuals and single-owner enterprises can legally participate in and reach out to clients at exhibitions and conferences in Dubai. It will also protect your trademark as well as any other intellectual property you own.
Who can apply for an E-trade license to become an E-trader?
If you wish to be an E-trader in Dubai, you should be a minimum of 21 years of age. Apart from that, certain other requirements need to be fulfilled as well.
- You’ll need an E-trade license in Dubai if you’re an individual who promotes or sells products and services through social media accounts or a personal website.
- Home entrepreneurs who don’t have or need a real office location can apply for an E-trade license in Dubai without having to register with Ejari Dubai.
- If you are a freelancer, proprietor, or a home-based firm that doesn’t require a local partner.
- GCC and UAE nationals and expats from various other countries are eligible to apply for an E-trade license in Dubai, provided they are based there.
- An E-trade license is required for the online sale of goods and commodities.
An E-trade license is only available to a single-owner home-based business or freelancer in Dubai. Individuals who are or become E-traders in Dubai are unable to open a physical store or issue visas.
How do I apply for an E-trader license in Dubai?
The procedure for obtaining an E-trade license in Dubai is straightforward and quick. All you need to do is register yourself at the DEED Trader website. However, no matter how straightforward the process may look, it might be a mountainous task for foreign nationals due to the tonnes of information needed. Particularly in Dubai, there are two categories of E-commerce licenses. There are two types of licenses, commercial and professional, which might confuse you. A business advisory firm can make the task simple for you.
FlyingColour is a management consulting firm that works with the government, non-government, corporate, and academic sectors to provide top-notch management consulting services. Our skilled team can assist you in obtaining your E-trader license with ease. If you wish to set up your own business here in Dubai, feel free to contact us.Visit Now.