Online businesses are an integral part of the business world right now. The COVID-19 pandemic has forced a lot of businesses to go online. Ecommerce businesses make life easier for a lot of people. To facilitate the move of businesses to the internet, the authorities in Dubai have released the E-commerce license in Dubai.
E-commerce, also known as electronic commerce or internet commerce, consists of business activities that involve buying and selling goods and services through an online portal. The monetary transactions that are made in the process are also online. Such E-commerce activities are categorized under the ecommerce license Dubai.
Here are the steps you need to follow in order to obtain the E-commerce license in Dubai:
- Select Legal Structure
- Select Business Activities
- Register Trade Name
- Get Initial Approval
- Rent or Lease Office Space
- Submit Documents and Pay Fees
- Apply for Owner Visa
- Open Corporate Bank Account
Dubai is the gateway to trade and business in the Middle East. Dubai has established itself in this position thanks to the strong regulatory body that governs this region. The E-commerce license in Dubai helps fulfill these regulatory objectives of the government. For businessmen and entrepreneurs from around the world, it is the ticket to online businesses in Dubai.
Online Business License in Dubai
The Ecommerce license in Dubai is also known as the online business license. This is because the authorities support online businesses here with the Dubai e-commerce license. Hence the name online business license in Dubai.
The e-commerce license in Dubai allows businesses to handle commercial transactions electronically via the internet. It is like a traditional business except for the fact that most of the business activities are conducted through the internet. Customers can browse catalogs and place orders online. Businesses can complete the delivery of online goods over the internet or deliver physical goods with the help of delivery services. If any such activities are done with the assistance of the internet, then the business can be considered an online business.
E-Commerce License Cost in Dubai, UAE
The cost of starting a business in Dubai with an E-commerce license will vary depending on a lot of factors. The basic cost of the E-commerce license in the UAE is as low as AED 5,750. However, there are a lot of other costs involved in this like the costs of getting your office space and others.
As a foreigner, you might not have a lot of ideas about the business setup procedures in Dubai and the rest of the UAE. That is why it will be in your best interest to seek help from professionals while setting up a business in the UAE. Overall, the cost of setting up your business with assistance and the Dubai ecommerce license will be anywhere from AED 6,000 to AED 15,000.
Read More: https://www.companysetup.ae/e-commerce-license-dubai/
