DED License from Dubai
The eTrader license from Dubai Economy (DED) allows UAE nationals and GCC nationals residing in Dubai to practice business activities through various social media networks.
The eTrader license can be registered under the name of a single owner only. The eTrader cannot open a shop or issue visas and in case of a legal dispute, the licensee alone will be held responsible.
To obtain an eTrader license, create a DED Trader account and register.
DED
Dubai is regarded as one of the world’s top business destinations, with many foreigners establishing operations in the city-state. And for a business setup with a concentrated and deliberate effort, can enjoy unrivaled rewards. At the same time, it is beneficial to be aware of possibilities you can unlock for yourself through social media.
E-trader license in Dubai was introduced by the Department of Economic Development (DED) to regulate the sales of online commodities sold via social media websites. This regulation helps to curb the sales of fake goods and commodities over social media. The licensing also serves as a confidence booster for the customers or buyers who engage in online purchases via various social media platforms. By getting an e-trader license in Dubai, you can engage in offering products or services for sale on social platforms. You can make your business through online platforms with proper security.
If you are planning to work from home using social media platforms and don’t want to hire an office, then an e-trader license in Dubai is the ideal solution to flourish your business. The Dubai e-trader license allows you to do online business in Dubai.
Be aware that, you need to get separate approval from the respective DED authorities to sell your products and services in other Emirates.
Who Should Apply for an E-trader License in Dubai?
* The individuals and home-business endeavours who endorse and sell products online via websites or social media can apply for an E trader license.
*All online sales via a valid social media account require an E-trader license. This applies to mothers and house-wives who stay at home and engage in the sales of hand-made items, fashion apparels, jewellery, and other goods and services via various online platforms.
*E-trader license in Dubai is applicable for the home-business endeavours for whom office space requirement is not mandatory as Ejari documentation is irrelevant here.
*E-trader license is applicable for freelancers who offer various online services. A Home- based business owned by a single individual that does not necessitate a local partner can apply for an E trader license in Dubai.
*E trader license is applicable for sale of goods and commodities via E-commerce websites.
*It is mandatory for the license applicant to be either a UAE national or a GCC national. Other than UAE and GCC nationals, foreign expats of certain other nationalities are also allowed to apply for the license.
*The applicant should reside in Dubai and should satisfy the minimum age requirement of 21 to apply for the E trader license.
HOW TO APPLY FOR ( DED ) E-TRADER LICENSE IN DUBAI ?
The registration of an E-trade license is a quick and straightforward process. You can do so by enrolling on the DED Trader website.
Visit the DED Trader website and create an account. Furnish your details regarding social media accounts. Pay the license fee after registration.
The Dubai E Trader license fee is AED 1070. It is mandatory to renew the license annually.
Take advantage of the immense E- Commerce potential of Dubai.
For doubts and queries regarding the E trader license in Dubai, please get in touch with our business setup consultants.
How to Renew ( DED ) Dubai Economic Department Trade License
Trade License is only valid for one year, and thus, its Renewal is required. If you do not perform renewal under the valid period, your license will immediately expire, and a ban on business activities will be imposed. A license penalty may be charged for the renewal of an expired trade. Therefore, renewal is as important as getting a DED Trade License. Go through the detailed process to make sure you get your license renewed.
1. A requirement of the Tenancy Contract
It is necessary to have a tenancy contract that has at least one month of validity from the expiration date of the Dubai Trade License. If your tenancy contract does not have the required validity period, you need to get that renewed first.
2. License Renewal Application
For doing business in Dubai, you need to renew the license by applying for renewal at DED and submitting the required documents. The process is facile, and you need to submit the following documents mentioned below :
- A typed BR/1 form
- Copy of Tenancy Contract
- Copy of current Trade License
- Passport copies of business partners and investors
3. Make the Payment
After the documents are submitted and the authenticity is approved, you receive a DED voucher for making the payment. You need to make the payment, and then you will instantly get your license renewed.
Benefits of a DED Trade License
As UAE is directed towards bringing more and more foreign direct investment, the DED trade license provides huge advantages to investors and company owners.
- Import duty is low
- Paid-up capital is not necessary
- 100% repatriation not only on capital but also on profit
- A wide range of banking benefits
- Tax-free jurisdiction
- Provides gateway for local as well as an international trading
DED’S OBJECTIVES AND GOALS
DED Dubai’s ultimate vision is to make Dubai a pivotal hub in the global economy. This goal is being facilitated through six strategic pillars, each aimed at creating the right infrastructure, technology and regulatory framework to encourage local/foreign investors and businesses, as well as small and medium enterprises (SMEs) to conduct business in Dubai.
DED’s six strategic pillars include:
- Economic Growth
- Economic competitiveness
- Business community happiness
- Economic foresight and planning
- Advance DED
- Financial sustainability
DED LICENCE SERVICES
- Instant Licence
- Reserve Trade Name
- Renew Trade Name
- Renew licence
- Issue Initial Approval
- Issue Branch Initial Approval
- Print licence
- Licence Activities’ Terms And Conditions
- Manage Licence Contact
- Pay Inspection Fines
- Update Mobile Number
Our company AHG can help you establish your company or investment, by providing integrated and specialized services, which ensure the success of the project and the achievement of its goals. Therefore, contacting us is an essential step to achieving success in business.
