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The “Trader” license, launched by the Dubai Economic Registration and Licensing Sector in 2017, to allow business activities via the Internet and social media platforms, is experiencing increasing interest from startups in Dubai, in parallel at high rates of online shopping and e-commerce, due to its ease and love, during the first quarter of this year, 943 new “commercial” licenses were issued, a growth of 179% compared to the same period last year .
In addition, 102 licenses were issued last April, bringing the total number of “commercial” licenses issued by the Dubai Economy to 5,353 licenses, reflecting the growing momentum of e-shopping in the UAE.
The “Merchant” license helps to support the positive growth of e-commerce in the Emirates and by encouraging a growing number of consumers to shop online. It also enables companies to face challenges during the exceptional circumstances and repercussions of the crown pandemic, especially as it is an approved regulatory framework for the Dubai economy. Establish and lead online businesses and ensure their sustainability.
New opportunities
The license provided new opportunities for many innovative activities and emerging sectors, finding reliable solutions for ambitious startups and young entrepreneurs, and the facilities necessary to legally conduct business to enter markets, test new products and services, offering them to consumers and stimulating them to expand and launch into the world of commerce. Business on a larger scale.
The group “Information Technology”, which includes 17 activities, topped the list of groups in the “Merchant” license issued during the period from January to March 2020, followed by “fashion and fashion” with 33 activities, and then ” personal and commercial services “with 13 activities, while you acquired The” Fiesta “group contains 8 activities, and” Food Preparation “contains 7 activities.
The total number of groups included in the “commercial” license reaches 87 diverse groups, while ten activities can be added to a license, provided they are consistent within the activity category, and the activity “Development training services lifestyle “tops the list of activities authorized since the license was launched, followed by the activity” Marketing services through social media channels, “” project management services “,” marketing management “and” electronic portals “.
The license has gained great interest among business women who have acquired 60% of the licenses issued so far, confirming the role of the “commercial” license in empowering female entrepreneurs, to take advantage of innovative channels to launch your projects successfully.
A “merchant” license can be obtained from anywhere, visiting dedtrader.ae, and following a few simple steps: creating a username and password; entering details of the address and accounts of the social media channels of the project; determining the activity and the commercial name, and finally, paying the fees and receiving the license online.
The “Merchant” license is granted as a member of the Dubai Chamber of Commerce and Industry for commercial activities and other benefits, including banking facilities, obtaining the customer’s customs code to facilitate import and export through dubaitrade.ae, temporary employment services; participation in exhibitions, conferences and training workshops, exhibiting products at points of sale to the consumer, saving work space.
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