Covid – 19 pandemic has raised the demand for virtual shopping and most of the people consider online shopping as the safe and secure solution to overcome the pandemic. UAE ecommerce sector (e-commerce business in Dubai) has a bright future and the revenues are expected to almost get doubled from 2019 to 2022. Dubai has one of the rapidly-growing markets in the Middle East with millions of internet users and highest internet penetration rate as well. The UAE E-commerce Industry is expected to maintain a massive growth through to 2022.
Why people start ecommerce business in Dubai?
- Dubai has a fastest growing ecommerce market in the Middle East. The online buyers are whopping and gradually, increasing their share in the local economy. The government strategies attract more foreign direct investments and reduce the overall cost of activities by 20%.
- UAE has one of the best transport infrastructure that ensure sustainable development of the country and other public works that support the economic growth.
- With a plethora of ecosystem, try to gain a perfect incubator for your business. Gain a competitive edge with heightened infrastructure, connectivity, simple business set up, favorable government incentives and many more.
- UAE provides extensive support while choosing your new business. The government provides free trade zones, where the established business has low-operating cost, professional business networking opportunities. And reduced tax rates as well.
How to start your UAE ecommerce industry?
As per research, more than 90 percent of the population have internet access and go through several factors that boost up the ecommerce business in Dubai! Initially, obtain E-commerce license in UAE! Incorporating a company in Dubai is easy, but it’s essential to comply with the laws and regulations while doing so. While gearing up for an online business Setup in Dubai, go through the legal procedures and launch your online store!
Steps to obtain UAE Ecommerce Business License,
- Decide your business structure
Decide the type of legal entity based on the circumstances! Choose your business structure whether it’s an LLC, single-owner Company, branch of a parent company or representative office. LLC formation and branch office is common in Dubai as they come with a set of interesting advantages.