If we talk about the benefits of eCommerce business registration in Dubai, then it’s an impeccable opportunity. Ecommerce businesses are thriving across the globe. And according to a survey conducted by Statista in 2021, the estimated eCommerce sales will grow by 23% across the UAE between the years 2018-2022. Well, it simply means that eCommerce businesses serve as a great opportunity for entrepreneurs to become a billionaire.
Here are 7 Ultimate Tips You Can Follow For Successful eCommerce Business Registration in Dubai
1. Explore The Market Potential
Before the commencement of your eCommerce business in Dubai, it is extremely essential to analyze the market trends. You need to understand your target customers’ psychology and then work on the UVP(Unique Value Proposition) of your business. Depending on the market potential, you can choose any of the following business models:
- business-to-business(B2B) module
- business-to-client(B2C) module
- client-to-business(C2B) module
2. Select A Suitable Location For Ecommerce Business Registration In Dubai
Location is another factor that you need to consider if you are thinking of registering your eCommerce business in Dubai. An advantage of incorporating an eCommerce business in the UAE is the hassle-free business operation without a need for physical space. Here are two zones which you can choose for establishing your eCommerce venture in Dubai:
- Free Zones
The UAE offers 40+ free zones for business incorporation. The most suitable free zones for eCommerce enterprises include SHAMS Free zone, IFZA, Dubai Airport Free Zone, SPC Free zone, etc. The good things about starting a business in the free zones are 100% ownership, 0% income tax, full business profit repatriation, and much more.
- Mainland Zone
Another location option for investing in an eCommerce business is the Dubai Mainland. Currently, there are two legal areas you can approach for getting a Dubai mainland business license. A mainland eCommerce company get an official authorization from the Dubai Economic Department (DED) to operate business internationally and locally.
3. Register the Name of Your Ecommerce Entity
Once you choose the location, the next step is to register the trade name of your eCommerce venture. All you need to do is to fill up an application form after receiving it from the suitable Economic Department.
One thing you need to keep in mind is to decide on a name that is valid for Dubai. For instance, avoid using names which contain foul, religious, and controversial names. In case, your company name is after a person, use his/her full name.
4. Obtain An Ecommerce License
Chosen the suitable location for your eCommerce store and Decided on its name? What next? Yes, you’re guessing it right. It’s how to apply for an eCommerce business license in Dubai. Enlisted below are the eligibility criteria for obtaining an e-commerce license in the UAE:
- The owner’s age must be 21 years or above
- A valid Emirates ID
- Need for a registered company name
- Payment of fees within 24 hours of the registration form submission
- Completion of the registration process with DED
- Annual license renewal within one month of the expiry date
5. Create A Flawless Ecommerce Website
Can you imagine yourself gaining profits from an eCommerce business without a commendable eCommerce website? Of course, it’s unimaginable. Make sure you are developing a user-friendly, secure, SEO-friendly and speed-optimized eCommerce website for your business. You can hire professional eCommerce website developers for it.
6. Incorporate A Secure Payment Gateway
A trustworthy eCommerce website is one that has a secure payment gateway. Thus, you also need to integrate one for your eCommerce store. You require a merchant account from your local bank or a payment service provider for making it possible.
Be particular while optimizing the payment getaways which handle the user traffic as per the TRA (Telecommunications Regulatory Authority) guidelines. It’s also essential to ensure that your website offers 24/7 customer support in case of payment failures.
7. Provide 24X7 Customer or Logistic Support
Whether it’s offering round-the-clock customer support, managing technical aspects, or building a strong logistic system, everything matters. Your eCommerce business should include them all.
Import and export facilities are unavoidable elements for an eCommerce store’s survival. So, you need to manage them impeccably.
Summing it up:
Undoubtedly, Dubai has the fastest-growing eCommerce market in the Middle East and it will continue to grow in the future. You just have to follow the aforementioned steps for your eCommerce business registration in Dubai and see the magic. The dream of earning billions through your eCommerce business will turn into reality.
Are you ready to take the first step in registering your eCommerce business in Dubai? Seek free consultation from industry experts.