Here are the 7 steps you need to follow to get an Ecommerce Business License in Dubai
1-Analyse The Legal Structure Of Your Ecommerce Business
Prior to starting your business, it’s essential to understand the legal structure of your business. Choose your suitable business model from the following list:
1. business-to-business(B2B) model
2. business-to-client(B2C) model
3. client-to-business(C2B) model
2-Select The Suitable Location For eCommerce Business Incorporation In Dubai
Once you know the legal structure of your eCommerce entity, the next step is to choose the most suitable location for your business. This location complete depends on the type of business activity you practice. Presently, there are 30+ free zones and 2 Dubai Mainland locations available for incorporating aN eCommerce business in UAE.
3-Register Your eCommerce Entity’s Name
After picking the relevant location, another step is to begin the registration process of your eCommerce trade’s name. Go to the suitable Economic Department for collecting the registration form and fill it up.
Point to Remember:
Make sure you are using a name that’s valid as per the norms decided by the UAE government. Avoid using foul, religious, and controversial terms in your entity name.
4-Submit Your Dubai eCommerce License Application
One more important step for completing the registration process of your eCommerce business is to submit the license application. Check below the list of documents you need to present:
1. The application form must be filled out completely
2. A copy of each shareholder’s passport/visa
3. Investors and shareholders must provide proof of their identity and address
4. Copies of sponsors’ passports/ Emirates IDs
5. An agreement between a local service provider and a civil contractor
6. Obtain a letter of authorization or NOC from the appropriate authority
7. Memorandum & Articles of Association
5-Rent A Physical Space For Your Business
Your eCommerce store isn’t considered a legal entity without a physical office space. Make sure you have one for performing and managing your business activities, such as shipping.
6-Accede to the Export/Import Regulations
Make sure your business has a registration with one of the ports and customs authorities. It will allow you in receiving an importer’s code. Right now, UAE imposes a custom duty of 5% on imported goods. You can sell your product/service within the free zone regions without any import duty if your company belongs to Dubai free zone.
7-Set Up A Corporate Bank Account
Setting up a corporate bank account is also essential for hassle-free transactions of your eCommerce store in Dubai. The application procedure to open a corporate bank account is quick and easy. So, all you need to do is to look for the bank that fulfils your trading needs and open an account in it.