The dot-com era is nothing new. But in recent years, the online sector has experienced an unprecedented boom. Whereas before e-commerce was only used to sell tangible products, today anything and everything can be bought with just a few clicks.
Therefore, there has never been a better time to start selling online, whether you’re offering services like teaching, marketing, or health and wellness, or all manner of goods from vehicle parts and electronics to trinkets and fabrics.
In the UAE, you’ll also discover a sizable and expanding market that is eager to welcome you. The procedure for forming a company over here is equally friendly. You might start operating in a matter of days with the assistance of top company formation in Dubai.
What advantages do online businesses have in Dubai?
Starting an online business in Dubai has numerous advantages that might fill an entire post, so I’ll simply concentrate on the most significant ones here. First, the nation still has an exceptionally alluring tax rate of 0% on both corporate and personal income.
You can benefit from zero currency restrictions and a complete exemption from customs taxes when you start your online business in a UAE free zone, which is perfect for conducting international business. All cash and profit can be repatriated by enterprises operating in free zones.
Dubai is the ideal location for import and export businesses due to its strategic worldwide location at the crossroads of East and West.
Then there is the emirate’s expanding online consumer base. Groceries, clothing, and healthcare are at the top of UAE residents’ virtual shopping lists, with over 70% reporting an increase in online spending since the pandemic started.
Do I require a licence to operate an internet store in Dubai?
Yes. In Dubai, United Arab Emirates, all business operations are licenced. Therefore, you will require a licence to operate whether you’re in charge of a sizable multinational, a one-person side business, or simply influence on social media.
You’ll need an e-commerce licence if you want to operate an online business in Dubai. The Department of Economic Development (DED) and other UAE free zones offer this.
How to apply for a business licence online in Dubai
When you work withbest consultants they will walk you through every step of the procedure for forming a company in Dubai. First, we’ll advise you on where to set up.
Both trading from the mainland and from a free zone has advantages and restrictions.
A quick and simple incorporation process, ongoing business support, and financial incentives like tax exemptions and no currency limits are just a few of the advantages that free zones like Fujairah Creative City provide.
Meanwhile, enterprises in the mainland can engage in direct trade with the UAE market and win government contracts.
Once you’ve picked your choice, we’ll assist you in naming your business. You must follow the UAE’s corporate naming conventions in addition to selecting a catchy name that fits your firm.
Simply put, you must refrain from using vulgar or unpleasant words. Avoid abbreviations and well-known corporate names when calling your business after yourself; for example, Dave Mann Consulting rather than D Mann Consulting. Additionally, make sure that your desired name is accessible for registration.
We can now handle the online application for a business licence on your behalf.
You should submit your application to the appropriate organisation, such as the DED, if you are starting up shop on the mainland. In order to establish a business in a free zone, you must submit an application directly to the managing authority.
Typically, you are just asked to give a few specifics and some basic paperwork at this stage.
- filled-out application
- a copy of the putative owner(s)’ passport
- two passport-size photographs in colour
Finally, if you want to work in the UAE, you’ll need a bank account and a visa. With regard to each of these applications, we can help.
You must submit biometric scans for your visa and go through a medical exam, blood test, and chest x-ray. Whether they are dependents like your spouse, parent, or child, or are employees, you can sponsor individuals for their visas.
What does a company licence for an internet operation cost in Dubai?
Your desired activities, location of choice, company size, and other factors will all affect. How much it will ultimately cost to launch an online business. In many instances, starting a business in a UAE free zone is the most affordable option.
Free zones, like Fujairah Creative City, provide a variety of reasonably priced licence packages without the need for paid-up share capital, an annual audit, or a difficult incorporation procedure. Additionally, you do not need to be physically present in the UAE to launch your new business.
For instance, a licence package in Fujairah Creative City only costs AED 24,775, which includes use of the coworking space and one visa application.
Are you prepared to open an internet shop in Dubai, United Arab Emirates?
The process of setting up a business in Dubai doesn’t have to be extremely complicated. If you have the appropriate information.
However, some prior understanding of the procedure is necessary. Furthermore, it’s crucial to keep in mind that the application procedure is only simple if your licence application is finish and error-free at the time of submission.
When starting a new company in UAE, it’s a good idea to work with a company formation specialist to help you make sure that this is the case.
We are a group of experts in company formation that are passionate about helping ambitious business owners and SMEs realise their aspirations.
In addition to managing your licence application,they can help you open corporate bank accounts and provide advice on the best financial institution to meet your unique needs.
We can manage all government procedures, approvals, work permits, and visa applications needed to conduct business in the UAE. We also provide visa and immigration services.
In other words, our professionals can form your company on your behalf, apply for your licence and visa, and handle all the necessary paperwork. Freeing you up to focus on running your business.