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 E-commerce license in Dubai.
There are many different types of e-commerce which include the following:
- Business to Consumer (B2C)
- Business to Business (B2B)
- Direct to Consumers (D2C)
- Consumer to Consumer (C2C)
- Consumer to Business (C2B)
Process Of Getting Ecommerce License Dubai
Here are the steps you need to follow in order to obtain the Ecommerce license 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 Ecommerce license 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 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.
Documents Required for E commerce License Dubai
The Department of Economic Development in Dubai requires some documents from you for regulatory purposes. These documents are mandatory if you want to obtain an E-commerce license in Dubai. Some more documents might be required depending on the business activities you mean to perform.
Here are the documents required by the Department of Economic Development for the E-commerce license in Dubai:
- Copies of the passports of all the shareholders.
- Copies of the visas of all the shareholders.
- Copies of the sponsors’ Emirate IDs.
- Local service agreement or civil works agreement.
- No Objection Certificate (NOC) from the relevant authority.
- Draft of an MOA (Memorandum of Association).
Read More: How to Get a E-Commerce License in UAE
