Are you a Dubai Resident or GCC Nationality ? Do you want DED E trader License Dubai? The e trader license Dubai is essential for any online business located in the city. As of today, it has become a necessity for any and all businesses that are situated in Dubai.
In the age of social media marketing, digital mediums such as Facebook, Twitter, Instagram, Snapchat, and LinkedIn make or break businesses.
It is necessary for all businesses to manage and maintain a lively community in these social media to keep a dedicated customer base.
Both big and small businesses today depend on advertising their products and services on the internet. Even the biggest companies in the world got left behind because they did not adapt to the new business environment of the world.
Be it a fashion house or automotive dealer, every business requires a presence online today.
What is the E Trader License in Dubai?
The E-Trader license was introduced by the Department of Economic Development in Dubai with the goal of regulating the sales of products and services through an online medium.
Additionally, the E-Trader license in Dubai helps businesses gain the confidence of customers in the city. This is because the E-Trader license in Dubai is only issued to legitimate businesses and so it helps curb the sales and promotion of fake commodities and scam websites.
Requirements of DED E Trader License
There are a few requirements that you need to meet before you can apply for the E Trader license Dubai. This is because of regulatory purposes and there are additional processes after you meet the initial requirements.
Here are the requirements for the E-Trader License in Dubai:
- The applicant for the license must be a GCC citizen or UAE resident.
- The applicant for the license must be at least 21 years old.
- The applicant for the license must be registered on the official website of the Department of Economic Development in Dubai.
- The applicant for the license must have a valid Emirates ID or passport.
The e trader license Dubai allows businesses and individuals to market and sell their products and services online in Dubai. They can use social media websites like Facebook and Instagram to perform their business activities with the e-trader license.
Since the UAE will recognize your business once you have received the e trader license, you can receive the various benefits provided by the authorities in Dubai.
Process of Obtaining the E-Trader License in Dubai
The process of obtaining the E-Trader License in Dubai is pretty easy. However, if this is your first time applying for a business license in the UAE, then you might be a little confused. Do not worry, this is completely normal.
This is where the Company Setup experts come in. They have the necessary expertise and experience required to obtain the E-Trader license in Dubai for you without any hiccups.
Are You GCC National or a Local Resident? Get E-trader License Dubai at AED 4,050!
Here are the steps you need to follow to obtain the e trader license from the Department of Economic Development in Dubai:
Here are the steps in the process of obtaining the E-Trader license in Dubai:
1. Go to the DED Trader Website
The first step is to navigate to the DED trader website at www.dedtrader.ae. After that, you can change the language that best fits your need.
2. Create an Account on the Website
You will need to register an account on that website. Alternatively, you can log in to the website with your UAE pass, for which you will need to provide your fingerprint.
3. Enter all the Required Information
To obtain the E-Trader license, you will need to provide some mandatory information. These will include your Emirates ID, email address, phone number, etc.
4. Complete the Payment
The last step is to complete the payment for the E-Trader license. After that, they will take 3-5 days to verify and provide your license.
It is necessary to renew the DED e trader license annually. You will need to update any changes to your online business during these renewals. The e trade license Dubai costs AED 4050, which you will need to pay as fees when registering for the license and during renewals.
Benefits of E Trader License in Dubai
Besides the benefits of starting any business in Dubai, there are some additional benefits of obtaining the E-Trader license in Dubai. For starters, the E-Trader license lets you safely use social media platforms to sell your products and services in the UAE.
Here are the benefits of obtaining the E-Trader license in Dubai:
Gain customer confidence
Firstly, the E-Trader license gives your business the credibility of an authentic business institution. This means that your customers will gain the confidence to order your customers through your website or social media page.
Trouble-free online sales:
Since your business is legitimized when you own the e trader license, you can seek legal assistance for your business in case of any trouble. The government of the UAE will recognize your business and will assist your business because their interest is in your betterment.
One of the mandatory steps in obtaining the e trader license in Dubai is to register your business for a trademark. An authentic logo and trade name set your business apart from the crowd. So customers can easily distinguish your business and return to your website or social media page if they like your products.
Gain legal shelter
The E-Trader license in Dubai gives your business the right to sell your products and services to your customers in Dubai. This legal right ensures that you can seek legal assistance in case of any disputes that might arise in the lifetime of your business.
Opportunity to work from home
There is a mandatory law that forces all businesses to rent or lease office space in Dubai. However, with the E-Trader license, freelancers and entrepreneurs can work from the comfort of their homes.
Opportunity to participate in events
The E-Trader license will ensure that your online business is recognized as a legal entity. This will ensure that you can attend the various events held all around Dubai. Additionally, it will give your business a lot of opportunities to network with other businesses.
Ability to sell products via e-commerce websites
Dubai has several e-commerce websites that many businesses use to boost their sales. One of the most popular e-commerce websites in Dubai is Souq.com. You can sell on these websites as well with the DED e trader license in Dubai.
You can solely sell your products on these websites without any other physical or virtual presence thanks to the e-trade license.
Ability to participate in training workshops
The Department of Economic Development in Dubai conducts various training programs to help new and old business owners and entrepreneurs find success in Dubai. With the help of the DED e trader license in Dubai, you can attend these training workshops as well.
Safeguard trade name and other intellectual property rights
Last but not the least, with the E-Trader license, you can safeguard your business’s tradename, logo, virtual, and other intellectual properties. This means that if any other business copies any of your visuals and ideas, you can seek legal assistance. As a result, the E trader license in Dubai is crucial for any online business that wants to secure its brand identity.
Documents Required for the E Trader License in Dubai
As one of the reasons the government of the UAE launched the e trader license Dubai is to regulate the online businesses in the city, you need to provide certain official documents to verify the information you provided during the registration.
Here are the documents you need to provide to the Department of Economic Development in Dubai for the e-trader license in Dubai:
- A document to verify your age and identity (passport, driver’s license, etc.).
- A document to verify your residency in Dubai and the Emirates ID.
- The fee receipt for the trade name reservation.
- Invoice of the fees paid for the e-trader license.
Who Should Apply for the Dubai E-Trader License?
As long as their residency is valid, anyone can apply for the E-Trader license in Dubai. However, not every businessman in Dubai will require this license to perform their business activities here.
Here are the categories of people who will benefit more from the Dubai E-Trade License:
- Housewives and stay-at-home moms can sell their crafts, skills, and services with the help of an E-Trader license in Dubai.
- this license enables them to stay at home and work remotely as there is no physical office requirement.
- Freelancers can sell their services and work remotely with the E-Trader License in Dubai.
- Startups that do not have the capital for other business trade licenses yet.
- Entrepreneurs who want to sell their products and services online.
It is important to remember that one E-Trader license in Dubai can be used by one person only.
Frequently Asked About DED E trader License
What is an e-trade license?
The e-trader license is required for entrepreneurs who want to start an online business. This includes any kind of business that depends on selling its products and services online. However, offline businesses do not need an e-trader license to market their products online.
For example, if you are a healthcare professional who provides health-related services to those in need then you do not need the e-trader license to market yourself on social media platforms. However, you will still need to obtain a professional trade license in such cases.
On the other hand, if you want to sell products and services online then you need to obtain the e trader license to legally do your business in the UAE. This also involves maintaining a community and dedicated customer base online.
This means businesses using both e-commerce websites and social media platforms to do their business transactions will require an e-trader license to perform their business activities.
What is an E trader license in Dubai?
The e trader license in Dubai was launched by the authorities to recognize and regulate the online businesses in the city. As a result, it is also known as the online business license in Dubai.
Moreover, the licensing authority for the e-trader license in Dubai is the Department of Economic Development which is also responsible for handling the registration of other types of licenses in the city. This means that the government recognizes online businesses as a crucial part of the economy like all other sectors.
The e-trader license allows businesses to legally sell their products and services online. This means that you can use e-commerce websites and social media platforms to sell your products once you have obtained the e-trader license in Dubai.
In addition to this, since the government of the UAE will officially recognize your business once you have obtained the license, you will receive various benefits as well.
How do I get my e trader license in Dubai?
The Department of Economic Development is responsible for handling the registration process for the e trader license in Dubai. This means that if you want to start a business with an e-trader license in Dubai, you will have to obtain it from the Department of Economic Development.
In addition to this, they are also responsible for handling the renewal of the e trader license in Dubai. Finally, there are a few specific steps that you need to follow in order to obtain the e trader license from the Department of Economic Development in Dubai.
Here are the steps you need to follow in order to obtain the e-trade license in Dubai from the Department of Economic Development:
- Browse the Department of Economic Development Trader Website.
- Create an account on the Department of Economic Development Trader Website.
- Register a trading name for your business.
- Update the details of your social media account on the website.
- Complete the registration for the e-trader license on the website.
- Pay the required fees for the e-trader license.
How much is an e-trading license in UAE?
The e-trading license in the UAE is very affordable compared to some of the other business trade licenses available in the country. For example, when obtaining the e trader license in Dubai from the Department of Economic Development, it costs only AED 1070, which converts to a little less than USD 300.
However, depending on the specific business you are trying to set up, there will be some other costs involved in the process.
It is mandatory for businesses to rent or lease office space when starting a business in the UAE. This is because the tenancy contract and the EJARI are mandatory documents required by the relevant authorities. However, not all businesses will have the same office requirements.
For example, if you are trying to start an online business with the e-trader license then you most likely will not need a physical office space. In such cases, you can opt for a virtual office, which can be rented for as low as AED 200 per month.
Some other costs include trade name reservation costs, business consultancy costs, etc. The total cost will vary from business to business.
How Can Company Setup Consultants Help us?
If you are looking to obtain an e trader license Dubai and do not know where to get started, feel free to contact us. We also provide company formation services where we will obtain the DED e trader license for you so that you can hit the ground running.
To Speak with our Experienced Business Consultants for further information and assistance, call us at +971582595164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at email@example.com.