If you have a business idea and you are living in Dubai other emirates for that matter like Sharjah, Abu Dhabi, Ajman, Umm Al Quwain, Ras Al Khaima and Fujairah; now it is very much easy to give your business a legal name and get a trade license. Then this blog post will take you through how to register for an e trader license in Dubai at low cost. Yes, a trade license that will enable you to work with all the industries depending upon your niche.
If you are one of the freelancers, startups, then read through the blog and you will get answers to your questions like how to register a company at a minimal cost.
Get the complete guide on how you can register for an e Trader License in Dubai with minimal requirements and low cost. Get up to 10 activities registered with your e Trader License Dubai and operate legally across the United Arab Emirates. You can also get a business bank account as well. All covered for you.
Requirements To Register e Trader License in Dubai
Registering the DED e trader license in Dubai is super easy. All you need is the following documents:
- Valid email ID and phone number
- Your Emirates ID
- Dubai based address with Makaani number (Building Number) and flat number and that is it.
The fee to register for the DED e trader license Dubai is only AED 1070 at the moment when I am writing this blog post. There is also a charge of AED 115 towards the service offered by the service attendant should you choose to visit the DED Cafe located in Jumeirah 1, Dubai.
However, you can save AED 115 if you choose to register on their online portal.
Choose Your Business Name Wisely For Your e Trader License In Dubai
Obviously, the name that you want to register need to be unique because they will first check it in their system, if it is already taken then you need to provide another. You should have a list of at least 3-5 trade names ready with you so that you don’t struggle or waste time while registration is under process.
The service is super fast, thanks to the Government of Dubai for making the process so easy that you can simply register your brand name anytime.
Choose Your Activities Before Registering For e Trader License In Dubai
The DED e Trader License Dubai enables you to choose 10 activities for each trade name registered. The best practice is to shortlist your 10 activities that you want to add to your e trader license. This is one of the best offerings that you could have for registering your business in Dubai. It will definitely give you a wide range of access to work legally within Dubai in particular and within the United Arab Emirates in general
Khaleej Times reported the following news for the same topic as well: The ‘e-Trader’ licences launched by Dubai Economy earlier this year to enable citizens of the UAE and other GCC states to conduct business activities on social media has seen an overwhelming response, with 361 licences being issued during July alone. You can use the Activity Search option on the online portal and choose from almost 100 categories with endless activities listed cumulatively for entire categories
Advantages Of Registering For eTrader License In Dubai
The advantages of eTrader License are endless starting with less pressure on your pocket. Here are the great advantages of eTrader License for residents:
- The DED E Trader License Dubai costs you pennies when compared to mainland trade license cost
- 100% ownership – no need for an Emirati local sponsor
- Individual ownership – ideal for an individual starting a business
- Quick & easy to set up online
- Enables the provision of activities throughout Dubai
- 10 activities on one e Trader License without additional cost
- You can choose to register on your name or register a brand name as per your liking, e.g. I chose to register my brand as ‘Odadoo Digital Agency’ rather than just my name ‘Muzamil Jehanzieb’, which looks more professional.
- You can register for a business bank account with Emirates NBD using their latest E20 business banking app and open an account within minutes.
- Get your e trader license in Dubai in a few minutes and operate legally, thus increasing consumer confidence in your business.
What is not included in the e Trader License in Dubai
If you are a resident, then there are some restrictions for you to operate with this license. Here is the list of don’ts for the expatriates:
- No visas for expats
- Cannot employ a staff – you have to execute all the projects yourself
- Cannot lease commercial premises like office space, workshop or commercial kitchen
- Cannot sell physical products either retail or wholesale
- Restrictions on activities by nationality – check in advance!
- Individual ownership – so friends and family can’t collaborate on a new business idea.
Also, watch my video about “How to register for e Trader License in Dubai” to get some idea about the process.
The DED e Trader License – An Initiative To Enhance Transparency Ease Of Doing Business In Dubai
The initiative is meant to enhance transparency and customer confidence in online shopping. While online shopping becomes more secure with the e-Trader licence, it also protects the trade name and enables the licence owner to reach out to customers across exhibitions and conferences. UAE and GCC nationals aged 18 or above and living in the emirate of Dubai can obtain the e-Trader licence Dubai at low costs.
Dubai Economy on Sunday said that it recorded a strong 132 per cent growth in DED Trader Licences last year despite the challenges posed by the Covid-19 pandemic.
In a statement, Dubai Economy said that the DED e Trader licence registered strong interest with online business and e-commerce gaining momentum as it issued 5,799 licences last year compared to 2,500 in 2019.
The DED Trader licence, launched by the Business Registration & Licensing (BRL) sector of Dubai Economy (DED) to licence freelancers at their place of residence in Dubai and enable start-ups to conduct business activities online and across social networking accounts, has seen overwhelming response with 9,949 licences issued since its launch in 2017 till end of 2020. Of these, 57 per cent have been issued to women (5,704).
“This reflects Dubai Economy’s focus on promoting e-commerce and the competitiveness of Dubai’s economy, as well as its commitment to realising the vision of the government to drive digital transformation and build awareness about e-platforms that facilitate commercial activities,” according to the Dubai Economy statement.
Registration, payment and printing of the licence can be done online. UAE nationals accounted for 287 of the 361 e-Trader licences issued in July, followed by Saudi, Bahraini and Omani citizens.
Notably, 55.8 per cent of the DED e Traders license in Dubai holders in July were women. The most number of e-Trader licences were issued for selling readymade clothes, followed by fast food and tailoring and design in that order.
If I could do it you can too.
Remember to carry your valid Emirates ID, working phone number and Dubai based address with Makaani number with you whilst attempting to register for an e Trader License in Dubai.
Don’t forget to have a list of at least 3-5 trade names ready with you so that you don’t struggle or waste time while registration is under process.
Also keep your social media handles and pages ready as you need to give it whilst registration. This is important because the eTrader License falls under the category of Social Media.
I would strongly suggest coming prepared your list of activities that you want to include in your license as you will be asked for the same at the time of registration. Failing which will waste your time to do the necessary during the registration. Visit the link above for the online portal and do your activity research beforehand.
For any assistance please feel free to contact me at firstname.lastname@example.org Visit my website on: https://thycoach.com/
References: Some of the references where taken from English daily known as Khaleej Times
Please read how to open a zero balance bank account in Dubai for your business and your e trader license.