E commerce License in Dubai United Arab Emirates Your Comprehensive Guide
It is now well known that e commerce holds a significant position in the global business landscape in the modern age. We can purchase a variety of products online ranging from clothing and food to technology and travel. This trend is no longer temporary or fleeting it has become a common lifestyle.
Despite the challenges faced by the retail industry in the past year global e commerce sales grew by 27.6 in 2020 reaching over 4 trillion US dollars. This figure is expected to significantly increase in the coming years reaching 4 trillion US dollars by 2024
These indicators are strong in the United Arab Emirates as well where the e commerce market witnessed tremendous growth reaching *9 billion US dollars in 2020 representing a 53 increase compared to 2019. It is expected that the value of this market will reach 8 billion US dollars by 2024 Regardless of your business type you can enter this large market. When establishing a company in the United Arab Emirates with the assistance of quot Shura quot the procedures will be expedited thanks to their experienced team in the field of company formation in Dubai. They can assist you in obtaining licenses visas and many other procedures.
Advantages of establishing a company in the free zone in the United Arab Emirates:
The advantages available when establishing a company in the free zone in the United Arab Emirates are not limited to financial aspects only. They also include other great benefits. When you decide to establish a company in the quot Meadan quot free zone you will benefit from the following advantages in addition to the unique commercial location of the United Arab Emirates its thriving e commerce market and easy access to global markets:
- Prime Location: Being in the heart of Dubai allows easy access to major business centers and vital financial facilities in the city.
- Easy Company Formation Procedures: You will receive support from government relations specialists and support services that efficiently cater to your company s needs.
- Ideal Place to Live and Work: Enjoy living and working in the vibrant quot Meadan quot area where innovative office spaces promote business growth in a community that provides all the necessary services and amenities for daily life.
How to Start a Successful e commerce Business in Dubai:
How do you obtain an e commerce license in Dubai
First you need to know how to obtain an e commerce license in Dubai. The good news is that when you collaborate with a local expert you can complete this process easily and quickly.
- Choose and Register Your Company Name: There are criteria to adhere to when choosing your company name in the United Arab Emirates.
- Select Business Activities: Ensure you choose suitable business activities that comply with local regulations.
- Complete License Application: You will need to submit an application to obtain your e commerce company license.
- Complete KYC Procedures: You must complete Know Your Customer KYC procedures for your company and the ultimate beneficial owner UBO .
- Apply for Residency Visa: If you plan to manage your business from the United Arab Emirates you will also need a residency visa.
- Set Up a Business Bank Account: You should have a commercial bank account to manage your company s financial matters.
