The thought of you launching an online business in Dubai is the right choice at the right time with the boom use of technology and the growing online marketplace in the UAE as it is in progress of transforming as a center to grow businesses in Arab world. There’s so much potential and untapped market to be realized via online business in Dubai. You don’t need to acquire physical office space to set up an online business in Dubai. More than 90% of Dubai’s population has access to the internet.
How to start an online business in Dubai
The process of starting an online business in Dubai takes some in-depth knowledge of the UAE and its many customs and regulations. That’s why it’s always advisable to acquire the services of a business setup company who can not only advise on the process but also seek out the most suitable license and setup type for your business, based on your needs and your budget. By making use of a business setup service, you also gain peace of mind that your license and visa applications are free from errors and omissions – both of which can lead to delays and rejection. When you work with a company formation specialist, all you need to provide is some basic documentation and a little information about the nature of your business.
What are the Steps to Launch an Online Business in Dubai?
1. Finalize your Business Activities
The first step to commence an online business in Dubai is finalizing the business activities you wish to carry out. You should analyze the products and services you can offer and also understand the market via market research then list down the activities to set up the business. It is best to finalize which type of business is feasible for you by doing a business valuation in the early stages of the planning.
2. Book a Trading Name
It’s imperative to have the trade name reservation payment receipt for starting an online business in Dubai. UAE has a strict set of naming conventions that will not be familiar to anyone outside of the region. When choosing a name for your Dubai business, you must keep in mind that it cannot include any offensive or blasphemous language, nor any references to religion.
3. Decide the Location
If you decide on the mainland setup, you are free to trade directly with the local UAE market without working with a local agent, and you are permitted to take on government contracts. If, however, you wish to start your business in a UAE free zone, as well as benefiting from the UAE’s zero percent tax rate, you can also take advantage of full customs tax exemption, no currency restrictions and the ability to repatriate 100% of your capital and profit. You should always consult with the legal advisors before finalizing the company establishment location.
4. Apply for an Online Business License
Operating an online business in Dubai – or any other business for that matter – requires a license.
If you wish to establish your business in a free zone you can apply directly to the free zone in question. If you prefer to set up in the mainland, you should apply to the municipality or Department of Economic Development in the emirate you wish to set up in. In both cases, you will be required to submit some basic documentation, including passport copies, along with your completed application form. You will also need to consider the new regulations regarding the corporate taxes in the UAE, and how it will affect your business.
5. Host a Website
You need to maintain a credible online presence to make a name for your brand in the marketplace. Therefore, hosting an optimized business website should be a top priority for starting an online business in Dubai. Offering flexible payment options increases the chances of scoring a sale. Moreover, always choose a trusted hosting partner for your website and implement easy-to-use navigation. Don’t forget to keep an eye on the website loading speed too.
6. Open a Bank Account
You can open a corporate bank account in any of the reliable local and international banks in the UAE once you’re done with all steps discussed above. In addition, ensure that the selected bank offers A-grade banking facilities and long-term benefits.
Online Business Ideas in Dubai
A few online business ideas in Dubai include:
- E-Commerce Store
- Online Tutoring
- Digital Branding Solutions
- Influencer/Brand promoter
- Online Consultancy Services
- Web design or development
- Marketing services
Launch your Online Business in Dubai!
Setting up an online business in the Emirates is cost-effective, easy to manage, and a highly lucrative venture. In the UAE, all you need to do is apply for the relevant business license and get started with your activities. So much so that you could be trading within just a few days of making your license application.
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KLOUDAC Accounting Firm Dubai, UAE
KLOUDAC is a recognized accounting firm in Dubai, UAE with 15 years of service experience. We have built connections with over 500 customers. It has also won the certification of Xero Payroll and the certification of Xero advisor from the world-leading online accounting software – XERO. Moreover, KLOUDAC is a golden champion partner of Xero. Accounting and Bookkeeping are more convenient for SMEs via KLOUDAC since they provide their clients with a whole package of services such as Financial Consultancy, Business setup, Audit and assurance services, Taxation services, Recognized accounting software, and more.