In the last decade, the trend of online shopping has increased a lot all over the world. Companies like Amazon and Alibaba are household names in many countries. Online shopping produced a strong impact in the whole Middle East region as it increased by 1500% in just a decade. In this region, the most modern and sophisticated country is the UAE while Dubai is the main city in UAE that adopts new trends with great fervor. People in Dubai are quick to replace manual shopping with online shopping. This directly increases the prospects for e-commerce business in Dubai and UAE.
In this scenario, Dubai presents one of the best opportunities for setting up an e-commerce company in the whole Middle East region and its adjacent areas. Viewing the growth and future potential of this business of modern world, one can expect huge profit with e-commerce business in Dubai. The most important part is that the scope of this business is increasing with every passing year. This type of online business has same potential in mainland area as well as in all the free zones in Dubai. Such business has special privilege in few specific free zones like Dubai Media City (DMC), Dubai Science Park, Dubai Internet City etc.
In order to start an e-commerce business in any part of Dubai, whether in a free zone or in mainland area, there is a complete procedure to follow. Following are important points to remember before starting e-commerce business in Dubai.
The first and foremost thing is obtaining appropriate license for e-commerce business in Dubai. In case of such business in Dubai mainland, the main authority to contact is the Department of Economic Development (DED). If you want to setup this online business in any of the above or other free zones in Dubai, then the required license will be issued by relevant authority in the free zone.
Despite being an online business, an e-commerce company needs an office in Dubai to start its business. This is a mandatory process in both mainland and free zones. Renting an office will fully legalize your business.
Another important step for establishing an e-commerce company in Dubai is its online presence as a website. For this purpose, the domain name has to be registered as the first step. It is important as this can also be used as company’s name.
The website must be developed in a way that enables dynamic interaction between buyers and vendors. For this purpose, online payment gateway is also necessary. The most important thing to consider in this regard is the security of this gateway. Few possible options in this regard are cash on delivery, pre-paid card systems or credit card payment.
The e-commerce business is mostly related to import and export of goods. Due to this, it is important to register your business with Dubai ports and customs. In case of free zone, there is no custom duty for export of products.
These are main steps that have to be taken for establishment of e-commerce business in Dubai. We at Riz & Mona Consultancy are available to complete the whole procedure of setting up your e-commerce related company from acquiring license to building website and renting office space. We are well known for services we provide regarding company setup in Dubai and other emirates of UAE.