What Aspects to Cover For E-Commerce Business Set-up In the UAE?
Everyone is a witness to how influential digital media and the entire electronic commerce system are. Technology has advanced and people are able to manage and operate their businesses and lifestyles by being present at the comfort of their homes. A huge number of people have changed their lifestyle choices and shopping methods after the pandemic and have been benefitting from the online world.
After all, online options not only offer convenience and ease but reliability as well. Globally, entrepreneurs and business owners are relying a lot on having an online presence along with having a great marketing and collaborative approach online on digital mediums. That is why the e-commerce market worldwide has grown to become extremely competitive as well as dedicated and advanced.
The United Arab Emirates UAE in the world with massive prominence, international fame, and of course, sales. Moreover, the largest B2C eCommerce market is present in the UAE. Among the Gulf Cooperation Council (GCC), UAE stands as an eCommerce leader and more than 60% of online buyers are present in Dubai alone. This adds value to the economic growth of the UAE through which rapid advancements and strategic changes take place in different parts of the UAE, primarily in Dubai.
Furthermore, the increase in the eCommerce market of the UAE attracts many foreign investors and entrepreneurs to add their share in the industry. Dubai itself holds great value with its positive growth in the eCommerce industry and the facilities it offers to local and foreign business owners. Certainly, conducting an online business in Dubai is a remarkable choice. If you are someone who is interested in establishing the eCommerce business setup in the UAE effortlessly, then this write-up is for you.
After all, the United Arab Emirates also has some of the best trading centers and options in the world. In addition to that, online trading and the prominence of UAE have increased with the 2022 UAE Expo. The demands and procedures of online business formation have taken up a flight with massive acceleration and this is the best time to come up with a business plan and submit it to the authorities.
How to Begin with The eCommerce Business Set-up in the UAE?
To be able to start any business set-up in UAE effortlessly, the assistance of business consultants is highly advised. If you choose Accelerate Ideas for business consultancy, you will be granted high-end solutions, professionalism in all dealings, and a hassle-free experience. All the documentation, application, and submission work along with legal signings are handled by us. We are truly transparent and flexible and serve your tailored needs.
Moving on, we will help you with all the below-mentioned procedures thoroughly. Have a look at what aspects you will be covering for the eCommerce business setup in the UAE.
Obtaining An Ecommerce Business License in UAE
The license to start an eCommerce business in UAE is offered to GCC, local, and foreign nationals. Foreign nationals are only eligible to get a professional license. To obtain one, the below-mentioned requirements must be fulfilled:
- The business owner must be 21+ of age.
- The business owner must have a valid Emirates ID.
- The business must have a registered company name with the UAE government before applying for a license.
- The fees for the license must be paid within 24 hours of submitting the license application.
- The registration process must be attested by the Department of Economic Development.
- The annual renewal of the license within one month of the expiry date is necessary.
Documents Required to An Ecommerce Business License in UAE
The necessary documents to apply for an eCommerce license in the UAE are as follows:
- Get in touch with Accelerate Ideas.
- Fill out a form and enter the information about your trade name, company name, etc.
- Make the payment and we will proceed with your application to the Department of Economic Development (DED) with the MOA
- We will also help you apply for Initial Approval Certificate from the UAE authority
- You will be required to draft a Memorandum of Association with signatures of all the business partners, stakeholders to submit it to DED
- You will be required to share a registered office location and address so that the UAE government does not delay your application process and offer a sustainability contract and stamp your business as a legal entity.
After the submission of all the above-mentioned documents and information, the business license will be issued to the concerned persons: the applicant or the business owner within 7 to 10 working days.
Other Aspects for eCommerce Business Set-up in the UAE
- Business Plan
- Hiring Procedure
- Website Development
- Office Location
- Discovering the market potential and business operations
- Establishing payment gateway
- Logistics, Support, and Delivery
- Customer Retention
All these above-mentioned aspects are discussed briefly below.
After the licensing procedure, you will be required to offer a business plan or module within a 6-month time frame. It must mention the operations your business will take, the hiring procedures, the benefits for the employees whether they are foreigners or locals. Moreover, whether you choose to have a virtual set-up or an in-house team, you will need to have a registered office location before applying for a license. For this purpose, you have the option of choosing a non-free zone or a free zone within any state of the UAE.
Moreover, the process of an eCommerce website development is also necessary within the 6-month time frame of business plan and operations. You can choose to create your website even before you apply for a license so that everything is under control and ready for you to just focus on the business operations and plan. You will also need to discover the market potential of the eCommerce industry along with strategizing the business operations, having a team to work with, a warehouse, and so on.
The team that you will set up along with your eCommerce business set-up must have know-how on logistics, customer support, convenient delivery, return, and exchange, the privacy policy of the business, and so on. All of this highly adds to the customer retention that generates profitability and business for the company.
With Accelerate Ideas, you have the option of maximizing growth and profit. Feel free to get in touch with us.