The Ecommerce industry in the UAE is growing exponentially with projections to reach US$6.98bn in 2024. Owing to the COVID-19-induced lockdown, consumers have shifted to the online space, recording a 53% jump in Ecommerce sales in 2020 as per the International Trade Administration. This has drawn the interest of several tech-savvy entrepreneurs towards acquiring an Ecommerce business license in UAE.
In order to thrive in the UAE’s Ecommerce industry, entrepreneurs have to consider several significant factors in terms of setup as well as operations of their online business. As part of the initial stage, you can focus on key steps involved in the process of Ecommerce business license in UAE by carefully assessing their benefits, costs and process.
Benefits of obtaining an E-commerce business license in UAE
In a short span, the UAE has transformed into a global E-commerce hub. It offers unparalleled opportunities for those looking to deliver digitally revolutionary experiences. Though the entire UAE region offers immense support for entrepreneurs to propel in the ecosystem, establishing an online business in free zones is a strategic move for anyone looking for growth in this market. Here are the key benefits of obtaining an Ecommerce business License in UAE:
Tax benefits
Entrepreneurs in a Free Zone Company Setup in UAE enjoy tax exemptions on corporate and personal income. Additionally, there are zero custom duties on imports and exports for better business profitability and resource allocation.
100% company ownership
In the UAE free zones, especially the Sharjah Free Zone, entrepreneurs are allowed to acquire full foreign ownership of businesses, where there is no need for a local sponsor to ensure complete control over the operations.
Access to state-of-the-art infrastructure
Free zones in the UAE provide world-class amenities including manufacturing facilities, warehouses, logistics, office spaces and geographical connectivity. This supports entrepreneurs with their seamless e-commerce business operations.
Simplified licensing and setup process
Free zones in the UAE offer streamlined processing for registering for business licenses with minimal bureaucracy, making it easier and faster to launch the business.
Flexibility and scalability
With robust resource offerings, entrepreneurs in UAE-free zones can scale their business exponentially while also capitalizing on a digitally strong ecosystem.
E-commerce license cost in UAE
The E-commerce license cost in UAE free zones is extremely affordable, starting from AED 5500 at SRTIP Accelerator, the most trusted business license provider in the SRTIP free zone. However, entrepreneurs might also have to incur additional costs for obtaining a residency visa and availing warehousing facility.
To determine the exact cost, you may connect with the seasoned team of business professionals at SRTIP Accelerator and understand the inclusions. Apart from getting complimentary digital banking services, you may also get other facilities as part of the package.
Key steps involved in obtaining the E-commerce license in Sharjah Free Zone
When it comes to Ecommerce business setup, entrepreneurs prefer free Zone company setup in UAE for its seamless processing and other benefits. Here are the essential steps involved in obtaining an Ecommerce business license to successfully tap into the UAE’s growing ecosystem.
Choose your activity
To obtain an E-commerce business license in UAE, you must decide the type of E-commerce business activity such as selling on Amazon, dropshipping or D2C i.e. Direct to Consumer.
Registration of your business name
To register your business name, first choose a unique trade name that represents your business activity and complies with the UAE’s regulations. Once through with that, register it with the Sharjah Free Zone authority.
Prepare and submit documents
Since the business authorities in the UAE are very particular about their transparency and other processes, you need to prepare documentation like passport copies, visa details, and a business plan to submit to the free zone authority.
Pay the fee and obtain your license:
After submitting your documents, complete the payment mainly for business registration, license fees, and other charges and wait for your E-commerce license to arrive officially.
Conclusion
The UAE business ecosystem offers immense opportunities, especially within the SRTIP-free zone. Entrepreneurs can leverage its unique benefits including streamlined processes and tax advantages. To begin with your licensing process, start assessing costs and understanding the business setup process carefully to build a strong foundation for success.
If you are looking for affordable and seamless support, connect with our experts at SRTIP Accelerator. Our experienced team will help you throughout the process and equip you to stay ahead of the fiercely competitive market curve. Contact us : +971 50 795 6303 or enquiry@srtipacc.ae
