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E trader license is a license that is specifically meant for entrepreneurs who sell products and services via social media platforms. The Department of Economic Development (DED) issues the E- trader license in Dubai to manage the sales of products or services sold via social media websites. It helps in preventing the sales of fake goods and services over social media. This licensing is an excellent confidence booster for the customers who shop via social media platforms. According to a report, there was a rising demand for e-trader licenses in 2020 compared to 2019. Around 1,947 licenses were issued in the first-half of 2020 alone compared to the previous year. If you are planning to operate your business from home and do not wish to rent an office space, getting an e trader license is a cost-effective choice for you. Through this article we give you insights on what exactly are the conditions for obtaining an e-trader license in Dubai.
The DED e-trader is a license that can be obtained online with a 100% foreign ownership, for only professional and services activities. It allows you to have a mainland license without any restriction of operations within Dubai. However, this license does not allow you to conduct a commercial activity under it. There are around 3000 activities available on the DED e-trader platform. The eTrader license can only be registered under the name of a single owner. By getting an e-trader license, home-based business entrepreneurs will also get a chance to take part in events and exhibitions for showcasing their products and services.
It may take up to 3- 5 business days for the issue of an e-trader license. The payment has to be made within 24 hours of the issuance of the payment voucher. A Dubai Chamber of Commerce membership is mandatory for conducting commercial business activities. The license is issued for one year which needs to be renewed annually, within one month of the due date.
If you require any assistance for obtaining an e-trader license in Dubai, feel free to contact us at email@example.com or (+971) 585139299.