Dubai is widely regarded as one of the world's top business destinations, with many foreign companies establishing operations there. And a business setup with a focused and deliberate effort can reap unmatched benefits. At the same time, it is favorable to be aware of the opportunities available to you through social media.
The Department of Economic Development (DED) in Dubai introduced an e-trader license to regulate the sales of online commodities sold through social media websites. This regulation helps to reduce the sale of counterfeit goods and commodities on social media. The licensing also serves as a boost of confidence for customers or buyers who make online purchases through various social media platforms. By obtaining an e-trader license in Dubai, you will be able to sell products or services on social media platforms. You can conduct business through online platforms that are secure.
If you want to work from home using social media platforms and don't want to hire an office, an e-trader license in Dubai is the best way to grow your business. The Dubai e-trader license allows you to conduct online transactions in Dubai.
To sell your products and services in other Emirates, you must obtain separate approval from the respective DED authorities. Dhanguard will assist you regarding DED E-trader license.
Who Should Apply in Dubai for an E-trader License?
These are the following people who are eligible to apply E-trader license in Dubai
- Individuals and home-based businesses that promote and sell products online through websites or social media can apply for an E trader license.
- All online sales made through a valid social media account necessarily require the acquisition of an E-trader license. This applies to stay-at-home mothers and housewives who sell handcrafted items, fashion apparel, jewellery, and other goods and services via various online platforms.
- An e-trader license in Dubai is required for home-based businesses that do not require office space, as Ejari documentation is irrelevant in this case.
- An e-trader license is required for freelancers who provide a variety of online services. An E trader license in Dubai can be applied for by a home-based business owned by a single individual that does not require a local partner.
- An e-trader license is required for the sale of goods and commodities through e-commerce websites.
- The license applicant must be either a UAE national or a GCC national. Foreign expats of certain other nationalities, in addition to UAE and GCC nationals, are permitted to apply for the license.
- To apply for the E trader license, the applicant must be a resident of Dubai and be at least 21 years old.
How to Apply for an E-Trader License in Dubai
The registration of an E-trade license is a simple and quick process.
- You can do so by signing up for an account on the DED Trader website.
- Create an account on the DED Trader website.
- Provide information about your social media accounts.
- After registering, pay the license fee.
- The license fee for Dubai E Trader is AED 1070.
- The license must be renewed annually.
Take advantage of Dubai's massive E-Commerce potential. Contact Dhanguard business setup consultants if you have any questions or concerns about the E trader license in Dubai.
Objective of an E-Trader License in the UAE
Today, the world explores through social media, which is used as a marketing tool to meet the needs of businesses. Social media has made it possible to conduct business research from the comfort of one's own home. People who use social media as a business platform will not have to spend exorbitant amounts of money setting up the business and marketing the products, which is a feature that often catches people's attention. They are capable of effectively disseminating information about the company via social media platforms. It will serve as a marketing tool as well as a point of contact between the business owner and the buyer.
The e-commerce license The UAE was created to regulate business activities that take place on social media platforms. To start a business on social media, you must first obtain an e-trader license. The authority has developed a procedure for issuing the subject license. The Department of Economic Development (DED) is the official agency in charge of investigating applications and issuing licenses. A DED Trader license, or simply a Trader License, is what it is.
Documents Required for an E-Trading License in Dubai and Estimated Cost
To obtain an E trading license in Dubai and the UAE, you must attach relevant documents proving your address, age, residency details, and so on. With the license, you are allowed to open a shop. The license is intended to promote businesses that operate out of people's homes. If you want to start a business in Dubai, the procedure, license, and eligibility requirements are all different.
- Must be based in Dubai and have a valid Emirates ID.
- The applicable minimum age is 21.
- Register the trade name with the appropriate authorities. And the approval must be attached to the application.
- Proof of residency (Makani number). Ejari, on the other hand, is not required.
A UAE e-trader license can be obtained in 3 to 5 business days. The payment must be made to the authority within 24 hours of the payment voucher being issued. To begin commercial business activities, you must be a member of the Dubai Chamber of Commerce. The license is valid for a year. It must be renewed annually, within one month of the expiration date.
The Trader License is Valid for the Specified Purposes
Some of the valid purpose trader license is acceptable for
- Stay-at-home spouses
- Professionals who do not want to spend a lot of money on establishing a firm but still want to use their skills.
- Before embarking on a full-fledged business venture, assess the likelihood of success.
- to make use of spare time and start a side business
- Professionals with other jobs who want to pursue their passion as a side business
- Beginners experimenting with new business concepts
- To assess entrepreneurial abilities.
Advantages of an E-Trade License
Some of the benefits of obtaining an e-trade license are as follows:
- The Dubai Economy (DED) trader license allows UAE citizens and GCC nationals living in Dubai to conduct business via various social media networks.
- A single trader license can only be registered in the name of one person. The trader is not permitted to operate a store or issue visas, and the licensee is solely liable in the event of a legal problem.
- This law is intended to reduce the sale of counterfeit goods and commodities on social media platforms.
- The license also gives us more credibility with clients or purchasers who conduct online transactions through various social media sites.
- You will be able to sell items or services on social media sites if you obtain an e-trader license in Dubai. You can conduct business over secure internet channels.
Conclusion
Initially, the e-trading license was restricted to Emiratis and GCC nationals residing in Dubai. Given the increasing number of requests from emigrants, the government decided to extend the e-trader license option to expats as well. An expat over the age of 21 living in Dubai may apply for the license. It sparked enthusiasm among the country's expatriate community.
Contact our professional team today to discuss your e-trader license. We can provide you with the best advice on the DED trader license and handle the official process on your behalf.