DUBAI, 24th January, 2022 (WAM) — The e-Trader License, launched by the Business Registration and Licensing (BRL) sector of Dubai’s Department of Economy and Tourism (DET), has received a response overwhelming with 16,409 licenses issued since its launch in March 2017 until the end of 2021.
The BRL sector also reported that the total number of e-Trader licenses issued in 2021 reached 6,217, an increase of 6% compared to 2020, with the total number of licenses having reached 5,848 licenses. This reflects the continued focus on promoting e-commerce and the competitiveness of Dubai’s economy, as well as the commitment to deliver on the government’s vision to drive digital transformation and raise awareness of e-platforms that facilitate business. commercial.
This shows the growing momentum of online shopping in Dubai, as the emirate has become a hub for the world’s largest e-commerce companies, thanks to its flexible trading and investment environment, integration government with the private sector and its logistical advantages, as well as a strategic location that facilitates global trade.
The growth also reflects ongoing efforts to consolidate the emirate’s position as a global hub for e-commerce, based on its importance in driving growth and supporting economic diversification policies. The ‘UAE eCommerce Landscape’ study, jointly conducted by DET and Visa in 2020, showed that Dubai topped the list of the fastest growing and developing e-commerce markets in the Middle East and North Africa , thanks to favorable policies, strategic plans and smart government initiatives launched under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. This digital transformation has boosted investor confidence in the sector and its opportunities for growth and development.
e-Trader aims to license startups and trading businesses that operate from their place of residence, online or on social networking sites. The license, which is issued electronically, aims to guide traders on the right path to enter the business world.
According to the BRL industry report, 79% of e-Trader licenses issued in 2021 were professional, and 21% were commercial. Information technology, ready-to-wear, women’s tailoring and design, crafts, men’s tailoring and design, publishing and printing services, facilities management, marketing services and food preparation, topped the list of activities for licenses issued in 2021.
Through the e-Trader license, DET seeks to regulate and improve the ease of doing business electronically, to find a platform that supports and develops trade as well as to connect customers to traders. The license holder cannot open a shop/store but can benefit from three visas if the ownership is 100% Emirati and the legal responsibility lies with the license holder.
The BRL segment focuses on supporting e-Trader licensees by signing partnerships with the public and private sectors, providing facilities for their business growth as well as opening new channels by strengthening cooperation with main outlets.
The benefits of obtaining the e-Trader license include: membership of the Dubai Chamber for Commercial Activities, the benefit of banking facilities, obtaining the customs client code, which facilitates import and export via dubaitrade.ae, temporary employment services, participation in exhibitions and conferences, and training. workshop, presentation of products at points of sale to consumers and provision of a work space.