How To Start Online Business In Dubai – An online business setup in Dubai can be financially beneficial if done right. Dubai is increasingly becoming a hub for online business and e-commerce. In a recent joint study published by Dubai Economy and Visa Credit Cards; E-commerce turnover reached $16 billion in 2019 and is projected to grow at an average annual growth rate of 23% through 2022.
This boom is fueled by our increasing reliance on the Internet for practically everything in our lives, from grocery shopping to getting an MBA. Additionally, as one of the unintended consequences of the worldwide Covid-19 lockdown; E-commerce is gradually replacing traditional stores. Online stores are less expensive, much easier to set up and more geographically spread which allows them to reach a wider audience.
How To Start Online Business In Dubai
The UAE is becoming a surrogate for innovative startups and encouraging smart transactions between tech-savvy consumers and businesses, meaning that the country is rapidly emerging as an attractive market for e-commerce activities. The UAE enjoys a geo-strategic location linking three continents supported by state-of-the-art logistics systems and networked communications.
How To Start An Online Business In Dubai In 2023?
Among the benefits of starting your online business in Mainland UAE or in one of the free zones in Dubai, Abu Dhabi or the wider UAE are:
For a detailed summary on how to add e-commerce to your existing trade license in the UAE please see our article here /blog/2020/04/e-commerce-online-business-trade-licence-uae/
Among the many types of companies available in Dubai (Limited Liability Company LLC, Branch of Foreign Company, Representative Office, Civil Company) it is important to select the right legal entity for your business. LLCs and subsidiaries are the most common types in Dubai, however, depending on your business and ownership structure, they may not be right for you. It is always best to seek professional help when setting up your online business in Dubai.
Depending on the nature of your business, choosing between a free zone or mainland license will have a significant impact on your market reach and scalability. Mainland licenses allow free trade with the local market, while Free Zone licenses require you to partner with a mainland distributor.
How To Start An Online Business In Dubai
In most jurisdictions having physical office space is mandatory to meet registration requirements, although there are some exceptions, virtual space options and grace periods. It is advisable to choose a cost-effective office space to start with, as online stores generally require less office space than traditional stores. Remember it’s easier to measure than to measure.
As mandated by local regulations, companies need to open a bank account to register a company online in Dubai. The UAE has a range of good local banking options, and navigating the most suitable bank account for your business is important. PRO Partner Group (PPG) can help you find the right bank account and assist you with the documentation and bank account setup process as part of company formation.
Pre-approval of a trade license is required to operate an online company in Dubai – license approval is done at the DED. Required documents include; Passport copies and IDs / corporate documents of shareholders and managers and detailed application forms and submissions. The type of license will depend on the business activity and location of registration – for example Mainland vs. Freezone, Dubai vs. Abu Dhabi.
Completing the registration process depends on the type of business entity you are setting up, but it can almost always be expedited using a professional company formation business like Pro Partner Group. It is worth noting that the application process may be delayed by omissions or errors in your application. Therefore, it is recommended to partner with company formation experts at the registration stage. PRO Partner Group can advise you on the most suitable unit type and activity for your business, we will then fully liaise with the authorities on your behalf. Our team of company formation and legal experts will walk you through all aspects of company formation, including; Licensing elements and any regulatory approvals, residency and visa requirements, import permits for products (if required).
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For more details on various setup options in UAE and Freezones see our article here /services/company-setup
For more details on the differences between Freezone vs Mainland options in UAE please see our article here /blog/2019/04/mainland-vs-freezone-business-uae/
Starting your online business in Dubai can be incredibly lucrative if you get the service delivery and niche product sector right. One of the most important elements to consider is the local resources you will need. Defining these resources beforehand can help you better define the most appropriate company formation unit for your business. Here are some things to consider;
Your website is a platform to showcase products and services, interact with customers and gain their loyalty. So spending time developing, testing and deploying your website is always a good investment. If you are in one of the media or technology free sectors, you may be able to benefit from cross-collaboration with other businesses that can help in this regard.
Why Online Business Is Important
Providing payment options with secure gateways is essential to ensure consumer loyalty and service quality. The most common payment options include; Credit card, prepaid card and cash-on-delivery. The payment options you offer to customers will be defined by where you want to ship your products. For example, in the UAE it is common for eCommerce businesses to offer a “cash on delivery” option, which is not common in other parts of the world.
Ensuring your inventory is stocked and on time, efficient delivery is an important part of establishing a successful online business in Dubai. Working with reliable logistics and supply chain partners will partially define how successful your online business is. At PRO Partners Group we work with thousands of different businesses across different sectors and one of the benefits of working with us is that we are able to offer you a ready network of connections to help you get your online business off the ground.
While setting up an online business in Dubai can be relatively straight forward, there are many issues that can be avoided by seeking professional help. At PRO Partner Group, our team of expert advisors can help you select the right Free Zone or Mainland jurisdiction for your company as well as assist with other elements of the setup process such as investor visas, employee and family visas, PRO services and HR. , payroll and company secretarial services. Contact us today and we will make your move to Dubai as smooth and straightforward as possible. Please contact us on +971 (0) 4 456 1761 for Dubai or +971 (0) 2 448 5120 for Abu Dhabi, email us at [email protected] or complete the contact form below and we will be happy to . Support you. For business centers, Connect is Dubai’s leading business center that provides an ideal choice for burgeoning companies to set up quickly, easily with flexible, ready-to-use commercial office spaces and a wide range of services for quick set-up. . Whether you need a full-service office, co-working space subscription space, e-packages, or meeting room access, we’ve got everything you need to get started.
Enlisting the services of a business center is one of the best options for new investors and entrepreneurs in the UAE. With these services, they can find the office space they need to run their business without spending a lot of money. In fact, the best business center in Dubai can be considered a cost-effective solution for many business people.
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In this section, you will be able to find important information about business centers in Dubai and other UAE locations. After learning more about the benefits of renting offices from a business center, you will realize how favorable they are. Moreover, they can also promote their business in many different ways.
Any top business center in Dubai is known as a commercial facility that offers fully furnished office spaces to business owners. In most cases, these business centers offer customized packages that may include different types of offices for investors and entrepreneurs. For example, they may offer serviced offices, virtual offices, and many other types of office space.
And the business centers of this city are also popular for providing very affordable solutions with high quality support services for businesses. For example, they can provide dedicated service staff to take care of certain details while office users can focus on their work. Meanwhile, a company that requests the services of a business center can save money and resources.
Also, you should know that business centers are sometimes referred to as service offices in Dubai or any other location. And another fact about business centers is that serviced offices are brokers or asset management companies that usually manage them. So if you need to rent an office for your business, be sure to contact the business center.
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Apart from renting office space, you can also get connectivity and other amenities to enjoy your office. In fact, any luxury business