When the Dubai Economy (DED) opened up its E Trader License to Dubai expats after it had previously only been available to Emirati and GCC nationals, there was a lot of excitement. The licence sparked interest among Dubai expats looking for a low-cost trade licence to run a home-based business. The E Trader License, on the other hand, has caused some alarm. By the help of this blog Dhanguard will give you information about E-Trade License in Dubai
Initially, the e trader licence was only available to Emiratis and GCC nationals residing in Dubai. It was a low-cost licence that allowed them to run a home business and promote their products and services through websites and social media.
The terms appear to be interchangeable, which has caused some confusion. The E Trader License is a programme that allows businesses to operate on social networking sites. However, it is now referred to as a 'DED Trader' or a 'Trader License.' A 'Merchant License' is the actual licence.
To add to the confusion, when the licence was made available to Dubai expats who were not GCC nationals, the excitement was due to the expectation that they would be able to sell online and through social media sites. Unfortunately, while there are thousands of business activities from which to choose for these licenses, non-GCC expats in Dubai are not permitted to engage in 'trading' or ‘selling' activities.
Non-GCC expats in Dubai can obtain E Trader licenses for professional services such as make-up and hairstyling; however, as previously stated, the licence does not allow them to import and sell goods. Some activities are restricted based on nationality, so it is critical to check ahead of time.
A licence can have up to ten activities on it, as long as they are ‘related' according to the DED's list of activities. The cost of having multiple activities on the e trader licence is not increased.
The annual fee for a Dubai E Trader licence is AED1,070. Membership in the Dubai Chamber of Commerce costs an additional AED300. As a result, the total cost is AED1, 370!
E-Trader licence is perfect for Dubai expats who want to
Here are some of the benefits of Dubai's E-Trader licence for expats
There are some drawbacks to the Dubai E Trader licence for expats (non-Emirates and non-GCC nationals) to be aware of
The E Trader licence is not for everyone. It is not appropriate for the following individuals
Business licenses are one-of-a-kind to their owner; one size does not fit all. In this case, you may not meet the requirements for an e trader licence, it may not allow you to carry out the activities you desire, or it may be too restrictive for your business strategy.
As you will see from what you have read above, there are a number of criteria that may make this E Trader licence unsuitable for your specific situation and future plans. This is true for all types of business licenses in Dubai. But don't worry, if the E-Trader licence isn't the right fit for you, there are a number of other licence types to consider, and this is where the Dhanguard can really add value to you starting your business by ensuring you get the right licence to fit your needs.
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