Willing to acquire an eCommerce business license in UAE but don’t know where to start? Check out this guide to know the ultimate steps for the eCommerce business license registration procedure. 

Believe it or not but eCommerce platforms are gradually becoming the talk of the town. And why not. After all, eCommerce stores help you in reaching your target audience worldwide and that too without spending much on marketing. Surprisingly, the E-commerce sales in the UAE are expected to grow by an average of 23% per year between 2018 and 2022. 

Now, the question is, “ How are you going to become a billionaire after attaining an eCommerce business license in Dubai?” Well, it’s easy. But before that, let’s explore the opportunities and benefits of incorporating eCommerce businesses in the UAE. 

What are the opportunities and benefits of getting An eCommerce Business License In The UAE?

Did you know? As per the reports by UAE National Economic Register, the eCommerce sector issued the highest number of eCommerce business licenses. Here are some good things about setting up an eCommerce entity across the regions of the UAE:

• Benefits of zero taxes, excluding 5% of VAT
• There isn’t any additional fee required for starting the business or during the entire business process
• Permission for multiple currency transactions
• Expatriates get 100% ownership 
• No restrictions on capital withdrawal
• Minimal cost of operation 

How Many Types of E-commerce Licenses in UAE are currently available? 

Now, when you know the benefits of starting an eCommerce business in UAE, let’s explore the types of eCommerce licenses.   

E-trader license  

The e-trade license scheme by the DED(Department of Economic Development) aims to help online stores on various social media platforms, including Facebook, Snapchat, Instagram, etc. 

These online stores can get an eCommerce license, no matter what platform they are currently running. Currently, only UAE citizens can are eligible to avail of this scheme. Additionally, this scheme restrains individuals from launching a physical store. 

Portal License  

Even non-UAE citizens can are eligible for obtaining this type of eCommerce business License in UAE. You can lap up the benefits of linking your buyers and sellers with each other via portal license. This type of license is extremely beneficial for listing websites.

Virtual Company License  

Another essential eCommerce license is a virtual company license. However, its business scope is limited to only three sectors, including:

• Computer and technology
• Designing Related Businesses
• Printing and advertising related services

Here are the 7 steps you need to follow to get an Ecommerce Business License in Dubai

1-Analyse The Legal Structure Of Your Ecommerce Business 

Prior to starting your business, it’s essential to understand the legal structure of your business. Choose your suitable business model from the following list:

• business-to-business(B2B) model 
• business-to-client(B2C) model
• client-to-business(C2B) model

2-Select The Suitable Location For eCommerce Business Incorporation In Dubai 

Once you know the legal structure of your eCommerce entity, the next step is to choose the most suitable location for your business. This location complete depends on the type of business activity you practice. Presently, there are 30+ free zones and 2 Dubai Mainland locations available for incorporating aN eCommerce business in UAE. 

3-Register Your eCommerce Entity’s Name 

After picking the relevant location, another step is to begin the registration process of your eCommerce trade’s name. Go to the suitable Economic Department for collecting the registration form and fill it up. 

Point to Remember: 

Make sure you are using a name that’s valid as per the norms decided by the UAE government. Avoid using foul, religious, and controversial terms in your entity name. 

4-Submit Your Dubai eCommerce License Application 

One more important step for completing the registration process of your eCommerce business is to submit the license application. Check below the list of documents you need to present:

• The application form must be filled out completely
• A copy of each shareholder’s passport/visa
• Investors and shareholders must provide proof of their identity and address
• Copies of sponsors’ passports/ Emirates IDs
• An agreement between a local service provider and a civil contractor
• Obtain a letter of authorization or NOC from the appropriate authority
• Memorandum & Articles of Association

5-Rent A Physical Space For Your Business 

Your eCommerce store isn’t considered a legal entity without a physical office space. Make sure you have one for performing and managing your business activities, such as shipping. 

6-Accede to the Export/Import Regulations 

Make sure your business has a registration with one of the ports and customs authorities. It will allow you in receiving an importer’s code. Right now, UAE imposes a custom duty of 5% on imported goods. You can sell your product/service within the free zone regions without any import duty if your company belongs to Dubai free zone. 

7-Set Up A Corporate Bank Account 

Setting up a corporate bank account is also essential for hassle-free transactions of your eCommerce store in Dubai. The application procedure to open a corporate bank account is quick and easy. So, all you need to do is to look for the bank that fulfils your trading needs and open an account in it. 

Wrapping it up:

Without a doubt, the opportunities for eCommerce businesses are gradually increasing in Dubai. And this is a motivating factor for investors to acquire an eCommerce business license in UAE for making a profit. 

We hope this article post is going to help you in getting an eCommerce business license without any hassle. However, there are chances you may feel stuck while applying for the eCommerce license. Well, you can call experts in that situation. 

Every entrepreneur desires to grow with limited expenditure and it becomes achievable through Dubai Offshore Company Incorporation. Do you know how? After all, having an offshore company in the UAE has more liberal laws than in Dubai Mainland regions.

 But as we all know, every good thing has a few drawbacks too. Even the Offshore zones of Dubai have some glitches when it comes to doing business. 

Are you now eager to know both the pro and cons of forming a company in offshore companies in Dubai? Well, it’s essential to give you a brief introduction to offshore companies before it. Let’s dive in. 

What are Offshore companies in the UAE? 

Offshore firms in the UAE are also popular as ‘paper’ companies amongst investors and entrepreneurs. An offshore company is a 100% foreign-owned limited liability company which doesn’t require a trade license for business activities. Here are some of the regions suitable for offshore company incorporation across the UAE:

• Jabel Ali Free Zone (JAFZA)
• Ajman Free Zone(AFZA)
• Ras Al Khaimah(RAK)

Now, let’s check out a few pros of establishing a business in offshore regions of Dubai. 

Pros of Dubai Offshore Company Incorporation 

As we said earlier, forming an offshore company in the UAE has a plethora of advantages. Such firms get impeccable freedom from various governmental authorities and formalities. And these convenient procedures have been attracting investors and entrepreneurs to invest in UAE offshore companies for years. 

Enlisted below are some of the benefits of incorporating an offshore company in Dubai. 

• Offshore entities exempt you from various taxes and several monetary advantages that reduce extra company expenditures.  
• The state laws do not regulate the offshore companies which give them even more freedom in doing trade. 
• As an entrepreneur, you can perform a cornucopia of transactions without any hassle or limitation. 
• Registering an offshore company is a faster process than other types of companies across the UAE. 
• You don’t need to look for an Emirate sponsor to establish an offshore company. It means you can hold 100% shares of your company. 
• Your entire information related to shareholders and board of directors remains confidential for offshore companies in the UAE. 
• Being an offshore company owner, you don’t have to undergo financial audits from the authorities. 
• One can enjoy the Freedom of getting the benefits of authorized multi-currency accounts in UAE offshore firms. 

Cons Of Dubai Offshore Company Incorporation 

Although there are neverending benefits of setting up an offshore company in the UAE, there are certain drawbacks to it too. Forming an offshore company is just beneficial for some sort of business. Scroll down to know a few shortcomings of incorporating offshore companies in Dubai. 

• You can’t perform your business activities inside the UAE with an offshore company.  
• There are limitations to getting local complexes on rent for the purpose of trade. 
• In an offshore entity, you get the authority to issue a visa, this thing becomes complicated if there are multiple owners in your company. 
• Setting up an offshore company is beneficial only for a certain types of business activities. 
• The requirement for hiring a company registration agent to complete offshore company registration in UAE. 

Wrapping it up:

Undeniably, going for Dubai Offshore Company incorporation will be a great opportunity if you wish to save business establishment costs. And since the pros of UAE offshore companies are more than the cons, it gives you ample reasons for setting up an offshore company in the UAE. 

All you need to do is to follow the right set of procedures for doing it. These procedures include everything, from choosing the firm name to opening an offshore bank account. 

Are you confused about whether your business activities are suitable for UAE offshore company setup or not? Feel free to connect with the experts at TVG for hassle-free offshore company registration in Dubai. 

If you’re willing to apply for the UAE Golden Visa, then must go through this blog post. Check it out! 

Think of yourself surrounded by picturesque skyscraper buildings and a plethora of business opportunities. Well, that’s what living in the UAE seems like. This country that never settles for less is a dream for many individuals. And then if you get a Golden Visa here, it’s like a cherry on top. But before that, let us tell you why there is too much hype regarding the Golden Visa. 

Why is the Golden Visa of the UAE So Essential? 

Back in 2019, the government of the UAE launched the Golden Visa. The motive was to ensure a chance of having a sustainable lifestyle for the foreigners in the country. So, the best thing the government thought of doing was to issue Golden Visas to the eligible candidates.

Along with bringing a privileged status for residents, it brings a plethora of perks. If you are an entrepreneur or professional, then having a Golden Visa saves you from several barriers in the accomplishment of several processes.  

In simple words, it’s a long-term residence visa for individuals who believe in showing exemplary performance in their profession. Unlike the “Kafala” sponsorship system where the foreigners generally get limited residence permit duration, the residence term is 10 years in Golden Visa. Eager to know how to apply for it? Let’s dive in. 

Benefits of UAE Golden Visa 

If we talk about the Golden Visa system, then all we hear is its neverending benefits. It offers 5 and 10 years long-term residency that’s eligible for renewal. Here are the following groups which get advantages of it:

• Investors
• Entrepreneurs
• Individuals with outstanding talents( researchers, medical, scientific and other knowledged professionals)
• Outstanding Students 

Recently, the General Directorate of Residency and Foreigners Affairs(GDFRA) launched the 24*7 service called, ‘You are Special.’ Although the service was announced last year, it became operational this March. 

The focus of the service will be to assist Golden Visa holders. Isn’t having a Dubai Golden Visa a win-win thing? Now, it’s time to tell you the eligibility criteria to apply for it. 

What are the eligibility criteria to apply for the Golden Visa? 

When it comes to eligibility criteria to apply for the Golden Visa, it’s might differ from group to group. Here is what you need to know about the golden visa eligibility criteria.

Requirements For Investors 

As an investor, there are a few things you need to keep in mind while applying for a Golden visa. Just cross-check if you’re fulfilling the following criteria:

• Must have at least  AED 10 million of public investment (Either as an investment fund or a company) for 10-years golden and AED 5 million for a 5-years visa
• 60% of the total investment should not be in the form of real estate, loan or any kind of assets
• Investors require to have 100% ownership
• Being an investor, you need to hold the investment for a minimum of 3 years periods 

In addition to entrepreneurs, people with specialized talents like doctors, researchers, scientists, Executive Directors, Educators (in priority fields), Sports, Ph.D. Holders, Engineers, investors, and artists can also apply for the golden visa. These individuals can receive a 10-year visa after accreditations are granted by their respective departments and areas and the visa will also be extended to their parents, spouses, and children if the graduate has the financial means to do so and is able to provide accommodation.

Requirements For Individuals with Outstanding Talents 

Even individuals with outstanding talents can apply for Golden Visa. Yes, you heard it right. You don’t require to be an entrepreneur for it. So, if you hold a special talent in the fields of medical science, sports, various arts, and more, then too you can apply for the Golden visa. Scroll down to know a few of the important criteria:

• Scientists: Accreditation by the Emirati Council of Scientists or must hold the Mohammed Bin Rashid Medal for Scientific Excellence 
• Artists: Accreditation by the Ministry of Culture and Knowledge Department

Although the aforementioned points are just a few criteria, it’s beneficial to seek advice from a management service for easy Golden visa processing. 

Criteria For Students 

Good grades might not buy you a castle, but they’ll definitely get you a Golden Visa of UAE. Dubai’s government allows academically sharp students a chance to explore their potential. So, they offer them a chance to relocate to UAE without any hassle. If you secured 95% grades or above in graduation, you’re eligible to apply for the Golden Visa. 

How to Easily Apply For UAE Golden Visa? 

I think after reading about the endless benefits of a Golden Visa, you might be eager to know how can you apply for it. Well, you just need to visit the official website of the Federal Authority for Identity and Citizenship (ICA)or the General Directorate of Residency and Foreigners Affairs (GDRFA). Both the authorities work under the supervision of the Ministry. 

ICA offers you online channels, whereas GDRFA provides both online and offline channels. 

Wrapping it up:

Indeed, having a UAE Golden Visa gives you a cornucopia of benefits you can enjoy with. This country of skyscrapers has a strong security system, state-of-the-art infrastructure, liberal trade laws, and much more. Ready for the hassle-free processing of a Golden Visa in Dubai? Get in touch with Visa experts today!

Thinking about why should you prefer IFZA company formation in UAE? Well, there is a myriad of reasons you must prefer it. Do you want to know why? Let me give you an example. 

Imagine you established your office in the UAE without spending a hefty budget on it. Doesn’t it sound like a perfect deal? It happens in the free trade zones of Dubai. And IFZA (International Freezone Authority) is one of them. 

IFZA is gradually transforming into a leading investment hub for national and international business owners  Thanks to the ample trading benefits for performing various business activities here. Let’s dive in to have a glance at a few of those benefits. 

7 Explicit Benefits Of IFZA Company Formation In UAE

1.    Affordable Setup Costs 

The prior concern when it comes to setting up a Freezone business in UAE is the cost. It’s the palace where IFZA performs explicitly. Since the establishment of this zone, it’s introducing a plethora of highly attractive company formation packages at the most cost-friendly rates as compared to other UAE-free zones. 

2.   Comparatively Lower Annual Renewal Prices 

Freezone Company Licenses usually demand annual renewals. This thing can further add to the cost of your business operations. Fortunately, the prices of renewing the IFZA’s licenses are comparatively lower. It can further help your business in reducing the cost of your company’s formation. All in all, being a business owner you can get advantages from low-cost company incorporation expenses and ongoing company renewal charges. 

3.    Faster Business Incorporation Procedure 

Another advantage of IFZA Free Zone company formation is the swiftness of this process. You don’t need to be physically present in the IFZA area while registering your business. Moreover, IFZA provides an extremely convenient approval scheme in comparison to other authorities. Ultimately, it allows you to incorporate your business in this region within eyes’ blink. 

4.    Advantages of opening A LLC Business 

An LLC (Limited Liability Company) structure has always been a preferred option for investors while starting a business. It’s the adaptability of this company formation structure that makes it possible. In IFZA Free Zones, you get the liberty of opening an LLC business for independent entity operations. As a result, it becomes appealing to run your business in the IFZA areas of UAE. 

5.    Accessibility of 1000+ Business Activities

The IFZA Freezone brings in six different license categories that cover over 1000 possible business activities. Wondering what it means? Basically, IFZA is among the free zones in UAE that lets investors combine activities like consulting, services, and trading under one license. However, these trading activities should belong to a related business field. Furthermore, each company license type allocates different visas resulting in future savings. 

6.    Adaptability in upgrading licenses

One more good thing about IFZA company formation in UAE is the adaptability you get in upgrading the licenses. The cost of setting up a company in the IFZA region depends on the allocated visas to the company licenses. Currently, the package splits according to the six visa allocation categories, starting from 0 and ending at 6. As per your business requirements, the IFZA Free Zones give you the flexibility to expand your visa packages later. 

7.    Ease to Open A Corporate Bank Account 

Opening a corporate bank account is an inevitable step that businesses have to take while registering their business. But don’t you think this process needs to be hassle-free? Of course, you do. Well, it’s easy in the IFZA regions of UAE. IFZA offers a vast list of banks where business owners can effortlessly open their bank accounts. 

Final Thoughts:

Undeniably, forming your business in IFZA areas is an effective way to register your business in Dubai. It’s achievable with the help of professional business consultants. Are you ready for this life-changing step towards a successful business in the free zones? Get in touch with experts for IFZA Company Formation In UAE.