The E-trader license scheme has been unveiled in Dubai from the year 2017 onwards and this has become a major boon for home based entrepreneurs and small businesses alike.
Learning more about the e-trader license
Dubai’s e-trader license has been introduced by the DED (Department of Economic Development) and is aimed at helping home based entrepreneurs do business throughout social media platforms. This license will make it smoother for single owner businesses or individuals to license for sell products and services on social media and will boost confidence of customers while buying anything online.
When do you need the e-trader license?
If you are someone who sells or promotes services and products via social media accounts or even a personal website, you will naturally require the e-trader license in Dubai.
Home based entrepreneurs who do not possess or do not need any physical office space can apply for this license since no Ejari documents are required to be submitted. This is suitable for home based businesses which do not really require freelancers and local partners. GCC and UAE nationals and expats of specific nationalities can apply for this license in Dubai. The individual should be based in the Emirate of Dubai and should be at least 21 years of age.
More information on the e-trader License in Dubai
You can legally sell or promote products and services via social media accounts which covers Facebook, Instagram and other channels or even via websites. You can feature services/products on online marketplaces including the likes of Souq.com as well. With your home business license, single owner businesses and home business owners can participate in conferences and exhibitions as well. This will safeguard the trade name and other intellectual properties as well. DED also periodically conducts workshops and training programs for holders of e-trader licenses which are a major boon indeed.
Here are a few conditions that you must keep in mind:
- Conditions for what you can sell and promote across social media depends on your nationality if you are an expat.
- Non-GCC expats can sell professional services on social media although they cannot sell physical products.
- Food products are mostly not permitted under these licenses for sale although one can check with DED for more information in this regard.
- Licenses are given on a case-to-case basis.
Getting the e-trader license in Dubai
Getting your e-trader license in Dubai will be a smooth and swift affair. You can apply for this license on the DED Trader website and will have to create your DED Trader account, register and then make your payment accordingly. You will have to give details regarding your social media accounts during registration. Usually, you will find the confirmation for the license within a period of 5-10 minutes and you can print this for future reference as well.
The license fee is approximately AED 1,070 and the license should be renewed on an annual basis. The license fees are subject to change as well. You should reach out to the DED for further details regarding e-trader licenses in Dubai via phone or email. For more assistance regarding company licenses, company incorporation, VAT registration, Tax return filing and more, GCC Filings is your best option.