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Start your Online Business with an E-Trader License in Dubai

By Sakshi Srivastava - 14 Mar 2022 Last Updated: 14 Mar 2022
Start your Online Business with an E-Trader License in Dubai

Social media platforms such as Face book, LinkedIn, Twitter, and Instagram have managed to become major participants in the field of advertising and marketing in this day and age of rapid technological advancement. If you wish to use these digital mediums to improve your online business in the UAE, you'll need to secure an e-trader license in Dubai.

Every entrepreneur, whether a small business or an individual, can now use social media to promote their product and build a reputation for themselves in the market. A lot of fashion labels, local enterprises, artisan cottage industries, and so on are in the same boat. With the help of this blog Dhanguard will give you better understanding of how to start online business with an E-trader License in Dubai.

What is an E-trader License in Dubai?

Individuals and businesses with an e-trader license can use social media sites like Instagram and Facebook to market their goods and services in Dubai. The major goal of this project, which began in 2017, was to encourage people to conduct business through social media platforms. Furthermore, the license intends to govern the sale of genuine goods and services in Dubai, as well as to prevent bogus promotional activities on social media.

Who is Eligible to apply for an E-Trader License in Dubai?

UAE citizens, GCC nationals, and expats who live in Dubai and meet the minimum age requirement of 21 can apply for an e-trader license. An e-trader license in Dubai allows a person to legally open a digital shop where they can market and sell items and services using social media platforms such as Instagram, Facebook, and other similar platforms. They can also use their personal website to promote their business or use online marketplaces to sell their goods and services. Furthermore, individuals can carry out these tasks from the comfort of their own homes, eliminating the need for office space.

While there are numerous advantages to holding a company license, there are a few drawbacks to such a setup. The DED is always present as a regulator to protect your business's privacy or to check the legitimacy of the product being pushed and sold through social media channels. To this end, the DED oversees enterprises through a set of standards governed by an e-trader license in Dubai, under which internet trading, marketing, and legal activities are efficiently managed.

What is the Procedure for obtaining an Online Business Permit in Dubai?

To avoid getting into legal difficulties or causing compliance concerns, all enterprises in the UAE must have a valid business license. The same may be said for online trading firms.

The application for an e-trader license begins with a simple registration process on the DED's website. You'll need to fill out your personal information as well as information about the social media accounts you intend to use for your online business. After that, you can pay the required cost for your Dubai e-trade license and be done. However, make sure you renew it each year before the deadline.

Documents Required for a Dubai E-trader License

The UAE government has a strong paperwork requirement in place to ensure that no fraudulent or unlicensed enterprises exist. As a result, in order to receive your internet trading license in Dubai, you must submit the following documents to the relevant authority.

Documents required are as follows

  • For age verification, you'll need an official certificate proving your identification.
  • With a valid Emirates ID, you can show proof of residency.
  • Certificate of trade name reservation approval
  • Copy of the invoice from the e-trader license payment.

The payment must be made within 24 hours of the payment voucher's issuing. The UAE e-trader license is issued within three to five business days of completion.

Advantages of having an Online Trading License

The following are some of the advantages of having an e-trader license in Dubai

  • Encourages hassle-free sales.
  • Ensures the integrity and authenticity of e-commerce transactions.
  • Protects intellectual property and trademarks.
  • Gives you the legal right to sell digitally.
  • Facilitates participation in DED-sponsored events, exhibitions, and seminars.

Aside from the benefits outlined above, holding a trade license in Dubai has a few other significant perks.

  • The ease with which one can open a bank account
  • Signing up for a membership with the Dubai Chamber of Commerce to make it easier to export and import products.
  • Use social media to promote your internet business and sell items or services.

Points to Consider About When Applying for a Dubai E-Trader License

  • If you want to do all of your business in the UAE, this license is the best option. If you want to sell outside of the UAE, you'll need to gain permission from DED officials and obtain a new e-trading company license. Individuals of other nationalities are unable to engage in commercial trade. Instead, they can market a wide range of professional talents and services.
  • Only inhabitants of the United Arab Emirates with an Emirates ID are eligible for the license. You will not be able to obtain this license if you are not a UAE resident or do not have an Emirates ID.
  • The applicant must be at least 21 years old.

Conclusion

We are convinced that after you have a better understanding of the process's needs, conditions, and details, you will be able to start your online trading firm. You can contact Dhanguard to save the inconvenience or to obtain more information about an e-trading license. We will assist you in obtaining the license as well as running your business operations. Connect with us for obtaining sufficient information about E-Trader License in Dubai

Dhanguard provides the business setup and company formation services in Dubai, UAE with the guidance of our professional team of consultants. Faster and hassle-free company setup in Mainland and Freezone in UAE.

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