Online shopping has become an essential part of our lives specially since the present covid-19 situation. All the businesses that decided to go online, prospered and expanded even more.

An online company setup in UAE provides an entrepreneur with oceans of new possibilities. E- commerce is also amongst the various business set up in UAE that provides tremendous opportunities to people.

The availability of internet to everyone has made the E- Commerce sector expand and has been beneficial for both the customers and the service providers.

For getting a trade license in UAE , A person needs to follow a series of steps. A proper procedure needs to be followed to get a license for an e-commerce business.

Types of E- commerce license available in Dubai

There are three types of e commerce licenses-

1. E- trader license

2. Portal License

3. Virtual Company license

E- trader license

This permit is provided to people who want to sell their products or provide services online. It is provided by Economic Development Department.

Portal License

It is the best for websites listing products, services and reservations. Non-EAU nationals can also obtain this license.

Virtual Company License

UAE and Non UAE residence can do business related activities in the area with the help of this license.

An E-commerce license in Dubai has no currency restrains. It provides 100 percent Dubai free zone ownership. One has to pay 0 percent corporate and personal taxes.

There are no duties on e commerce licenses and in addition to that the cost of operation is also minimal. One gets three years of approved resident visa as well.

Documents needed to get an E commerce license in UAE

· Copies of shareholders’ passports/visas

· Passport copy of partner / Emirates ID

· Local service contract / Civil work contract

· NOC by the authority concerned

· An MOA drawing up

Procedure to obtain an E commerce license in UAE

1. Choose your work zone- If your work zone is mainland then Department of Economic development issues the license however in case the work zone is free zone then the respective free zone authority issues the license to the person who needs to start the business.

2. Registering the name of the company- the name of the company is a company’s identity.

This name also needs to be approved in order to avoid issues such as the name being inappropriate or offensive for a particular community or group of people.

The name can be chosen with the help of business setup consultant in UAE.

3. Filling the application for E commerce license- A duly filled application form along with all the essential documents and papers mentioned above has to be deposited to get a license issued.

4. Apply for a NOC – an Initial approval certificate is issued by the concerned authorities. It is essential to have a no objection certificate from the concerned authority in order to obtain a license to practice business in e commerce sector.

5. Registering a virtual office- It is now essential for every mainland company setup in UAE to register a virtual office in order to work legally.

6. Following the steps completely in a correct order– if one follows these steps correctly, the business license is issued within one to seven working days.

7. Registering with ports and authorities – to practice trade by importing or/and exporting goods and services, one needs to get their business registered with ports and other concerned local authorities. There are no duties imposed on the activities taking place in the free zone.

8. Applying for visas– Applying for visas is an essential part of the process. It depends on the size of the business.

9. Opening a corporate bank account– A corporate bank account is essential to apply and obtain a license for e commerce business

In today’s world, e commerce has become a necessity. Many tasks that were difficult earlier are now done easily just because the world has gone online. The e commerce sector will continue to flourish in days to come as it promotes a digital world and is essential for better connectivity between various regions.

It provides entrepreneurs a wide range of opportunities to go global with a few easy steps. It is a great option specially now with ‘the new normal’.

We at Projectfrpjsc help you in getting your dream company registration in UAE with proper guidance. Several processes can be done without your physical presence, we will provide you with the solutions to all business set up related problems.

With our support, you can expand your empire in the ocean of endless opportunities provided by UAE. Contact us for assistance in setting up your company without any hassle.

The UAE has been emerging as an ideal business hub in the past decade. Companies from all over the world have dipped their toes into expanding their existing business ventures into the booming economy of the UAE. One of the reasons being liberal tax laws, license policies, and an overall business platform. There has been wide acceptance of various forms of businesses. However, getting a little into depth, here is why you should opt for the company setup in Dubai,UAE.

Tax policies and administration

Tax administration is fairly lenient in the UAE as companies enjoy ease on corporate taxes, foreign exchange controls, trade barriers, etc. which allows them to generate capital efficiently and quickly. Investors/Corporate houses usually pick countries for businesses that could provide growth to their companies. Due to the convenient tax environment and various incentives available, Many foreign investors have started their company setup in UAE.

Flexibility on company formation policies

Company formation in Dubai mainland is quicker due to the efficiency of the system. A concise set of formalities for foreign investors and expats allows them to do business at ease. Under any business type, companies are given the advantage to carry out business transactions and other activities with their beneficiaries easily as the government avails many such benefits. With the right consultant and guidance company setup in UAE  becomes less of a challenge. Banking policies and all the prerequisites can be briefed through with respective consultancy with absolute transparency. 

 

The benefit of privacy laws

In the UAE, UBO regulations state to maintain a private registry of the UBOs concerned with the company and notify the registry in case of any changes taking effect. This might be a huge advantage for many companies who wish to maintain a certain amount of privacy in regards to their business propositions.

However, it must be kept in mind that in the light of easy exploitation of such laws the government requires companies to comply and check-off various OECD and anti-money laundering rules and regulations. One can make the most out of their Dubai offshore company setup through these policies and reforms. 

Diverse economy

The diverse economy remains one of the major reasons for various companies setting up company formation in Dubai from all across the globe. The UAE remains a financially stable economy for many businesses to operate in. Capital is, of course, a vital component of a company and the fact that the UAE’s economy is so versatile attracts many investors to it.

Dubai’s economy not only remains profitable for local businesses but foreign expats and conglomerates to branch out. Due to its consistent growth in pretty much every field, Dubai attracts companies from all over the world. 

There are a plethora of reasons why you should choose the UAE to set up your company. From government incentives to the technologically advanced environment, the UAE is an up and coming business hub. Providing a clean slate and a set of fresh opportunities the UAE continues to grow in terms of everything.