In the United Arab Emirates, e-commerce has a bright future. UAE is having one of the major B2C e-commerce sectors in the rapidly growing Middle East which will benefit you to setup your own e-commerce Business.
Before moving on to setting-up an e-commerce company we should have to have an idea about what e-commerce is and what are its categories.
E-Commerce is any economical transaction that takes place digitally is known as e-commerce. This transfer could be
- B2B – Business-to-Business
- B2C – Business-to-Consumer
- C2C – Consumer-to-Consumer
- C2B – Consumer-to-Business
The Dubai government recently announced the Dubai e-commerce Strategy, which aims to establish the city as a global logistics hub for the Middle East and boost its contribution to the local economy to AED12 billion (nearly US$3.2 billion) by 2023. The strategy includes initiatives such as attracting more foreign direct investments and lowering the cost of e-commerce activities by 23%.Moreover, setting up an e-commerce business in Dubai becomes even more easier when you consult one of KLOUDAC experts. They will guide you throughout this journey step-by-step.
How to start your own E-Commerce Business?
In order to start your own e-commerce business, you have to fulfill the below mentioned requirements:
- Finalize your business operations
The Dubai Economic Development (DED) maintains a list of permissible activities. You may obtain additional approvals in case a few of them are not mentioned in the list.
- Select a Business Location
You can choose a location at any free trading zones or in the mainland region.
In order to build your own e-commerce business in Dubai, you need to have a legal address.
- Registering a business name
You must follow all the naming convention guidelines before finalizing the name of your new e-commerce business.
Refrain from using names / words which are unethical, controversial, or insulting anyone in any sense.
- Applying for e-commerce license
After fulfilling the above-mentioned requirements, you can proceed to apply for an e-commerce license. All the legal entities in the UAE are required to have a valid license to get the benefits without any compliance issues.
- Optimized e-commerce website
You can host your own e-commerce website to obtain more traffic to your portal which will result in an increased number of sales. This is one of the best techniques to optimize your e-commerce business.
Investments for business growth
You may take advantage of the huge opportunities available in the Middle East by establishing your new online business in the UAE. Dubai is a home to a big, well-connected population, as well as a number of government-led initiatives that will boost e-commerce growth over the next decade.
More information about Business Valuation that will help you out.
How Much Does It Cost to Open an E-Commerce Business in Dubai?
Benefits of setting up a business
-There is no personal or corporation tax.
-Request a Visa
-In only a few hours, you can have your business up and running.
-There are no restrictions on obtaining work visas, and the recruiting procedure is simple.
-Get your Trade License Dubai without Office Space
-Low import duty
-With a Professional license, you will have complete ownership.
-Establish a solid relationship with local stakeholders.
-There are no trade barriers, and you may conduct business with the UAE market directly.
KLOUDAC Accounting Firm Dubai, UAE
KLOUDAC is a recognized accounting firms 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 certification of Xero advisor from the world leading online accounting software – XERO. Moreover, KLOUDAC is a golden champion partner of Xero.
Accounting and Bookkeeping is more convenient for the 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.