Obtain An E-Trader License In Dubai

The thought of doing business from the comfort of your home entices every entrepreneur to grow their business objective much further. For this, entrepreneurs have come up with an effective technique named e-trading, which provides them with the leverage to do business online using numerous platforms like social media, the marketplace, and websites. While applying for a trade license in Dubai,  entrepreneurs often face the dilemma of the operational process according to the law. Therefore, this article will endorse every entrepreneur's idea to operate a business through e-trading. This blog will give you a brief idea of how to obtain an e-trader License in Dubai, including the process, the cost, the requirements, and the concept of e-trading.    

What is an E-Trader license in Dubai? 

Dubai is well known for its propensity to do business online, given the dynamic population's easy access to the internet and phones. It is quite intriguing for everyone who wants to buy and sell their services online. Therefore, it has become a prominent choice for sit-at-home entrepreneurs who want to enjoy the ease of doing business online. It was in 2017 that the Department of Economic Development in Dubai (DED) decided to come up with the idea of a trade e-trader license in Dubai to keep the regulation on the sales of products and services happening online. An e-trader license is a good choice for people who don’t want to rent a physical space to carry out their business activities.     

A look at the eligibility criteria for obtaining the E-trader license in Dubai 

To form a business, every business owner has to meet some criteria beforehand so that they can smoothly follow the process of obtaining a license. So what are the conditions for a Dubai E-Trader license that everyone has to follow? Below are the basic criteria that need to be ascertained before obtaining the e-trader license.  1. The applicant for an E-trader license must be 21 years of age or older 2. The person who is applying for an E-trader license needs to be a GCC citizen or UAE resident  3. The applicant must follow the complete registration process on the DED official website  4. The person who is applying for the license needs to have an Emirates ID to register  

Advantages of obtaining an e-trader license in Dubai 

1. You get the registered and secure trade name  2. Enjoying the flexibility of the market is the foremost benefit of obtaining the e-trader license. Moreover, they get easy access to upload, sample, and promote their services online under the registered profile name. Thus, it allows the comfort of doing business from home.  3. In addition, it offers a more convenient way for consumers to easily look for products and services by simply using social media and web platforms. 4. Customers give more credibility to entrepreneurs with online transactions, as it assures they will not be giving fake or fraudulent services. 5. Since more people are familiar with online shopping, the Dubai E-trading license provides the advantage of expanding to the wider economy.    

Process of obtaining Dubai E-Trader license 

The general trading licenses in Dubai are much easier now to improve efficiency.  1. Registration: The first and foremost step is to visit the official DED website, then proceed with a simple login process if you are a new user, but if you are an existing user of the website, then simply proceed with signing up with your account. Now present your Emirates ID number, mobile number, and email address. 2. Payment: After following the complete registration process, proceed with the payment of AED 1070*  as a license charge. 3. Renewal: You must renew the license annually for continued compliance.  

Get easy access to a Dubai E-trader license with consistent support from Flyingcolour 

Now you are completely acquainted with the advantages that e-trader licenses provide in the world of online trading. You must bring your visualization of e-commerce potential into a complete reality with the professional help of (Flyingcolour) a business consulting firm. You don’t need to worry about the company formation in Dubai or the trade license cost in Dubai because we are qualified to streamline the process. Our consistent ongoing support and assistance allow you to focus primarily on your business while we manage the intricate process of paper. So for business setup in UAE, you must rely on our services.  To learn more about the E-Trader license in Dubai, book a free consultation with one of the Flyingcolour team advisors. Please note that this article was published on 26/03/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.