With the highest internet penetration across the globe, the UAE is one of the most suitable locations to begin an e-commerce business in Dubai. Arguably, Covid-19 has made there a need to reduce home venturing. So, if you are interested to start an E-commerce business, then know the step-by-step guide to setting up an e-commerce business in Dubai from the best business setup consultants at Start Any Business who will surely advise you and provide you right path during the process of establishing an e-commerce business in Dubai. They are able to make it reliable, successful, and hassle-free and complete it in the shortest possible time. Here we mentioned a little guide on some vital factors that you will require to understand before starting an e-commerce business in Dubai.
The Process to Setup E-commerce Business in Dubai
Discover the Market Potential
You require to select the right business model, note the market trends, clients’ needs, and the new value proposition of your business. Depending on the market potential, one can choose a business-to-business module, client-to-business module, or business-to-client module. If you get unable to find the right business model, you can get the help of Business Setup Consultants in Dubai who will guide you regarding the same.
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Choose a Suitable Location
Location is an exclusively vital factor when thinking about how to begin an e-commerce business in Dubai. However, you don’t require to set up a physical office in the UAE to conduct an e-commerce business in Dubai. The mainland or a free zine are the two kinds of legal jurisdictions that you can approach to obtain a business license.
The benefits of conducting business from a free zone are 0% income tax, 100% repatriation of business revenues, 0% corporate tax, 100% ownership of a business, and negligible custom duties. If you have made a decision to establish a business on the mainland, you will receive official authorization to operate local and international businesses.
Register Your Trade Name
You can register our business name in Dubai simply by filling up an application form given by the DED. The name you are determined to utilize must be valid in Dubai. Be sure not to utilize any incorrect, controversial, or religious works in the business name. In addition, you should not utilize the same name as the companies already in Dubai. If you decide to name your business after an individual, you should utilize your full name.
Apply for an E-commerce License
Once you have chosen a convenient spot, then you need to apply for an e-commerce license in Dubai. The Dubai DED is the regulatory body that gives an e-commerce license to operate your business. This license permits you to hold a number of business activities via various social media networks. With a free zone license, you can perform with a local distributor, while you can begin the procedure of trading products and services to the local market directly if you own a mainland license.
Develop Your E-commerce Website
If you are planning to register an e-commerce company in Dubai, then having a sustainable, user-friendly, customized, and secure website for your client is of paramount crucial. You must register a sector for your e-commerce website. Once you do, you can create your website easily via different website creators available online. With the assistance of creators, you can design your website without any coding.
Establish Payment Gateway
To integrate a payment gateway into your website, you will require a business account from your local bank. Since the Telecom Regulatory Authority is the prime official responsible for electronic transactions in Dubai, you should have optimized it to handle user traffic according to the guidelines of TRA. In addition, ensure that your site gives 24/7 client support facilities in the event of payment failure.
Benefits to Setup E-commerce Business in Dubai
This provides the possibility of a cost-effective office.
Holding an e-commerce license permits you to conduct business without a physical space.
Customized warehouse features are available for you if you hold a free zone e-commerce license.
You have got relief from export and import taxes and duties.
You are permitted to do multiple currency transactions.
You are charged 5% VAT on transactions done within the UAE.
This gives you more flexibility when it comes to extending a business.
We at Start Any Business are positive that the details given above assisted you to know how you can establish an e-commerce business in Dubai. Although the procedure to establish an e-commerce business is smooth, you may require some help with the documentation and planning. We at Start Any Business would be glad to help you establish your e-commerce business and help you throughout the procedure to get an e-commerce license in Dubai at an affordable cost.