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How to Quickly Receive E-Commerce License Dubai

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Globally, e-commerce has disrupted traditional businesses. The convenience of e-commerce has transformed traditional brick and mortar stores into brick and clicks stores. Dubai is regarded as one of the hottest destinations for establishing business persons. By combining the advantages of e-commerce and the advantages of setting up an e-commerce venture in Dubai, business entities can reap maximum benefits. By virtue of playing host to a large number of expatriates and business entities, the market in UAE for e-commerce is huge. Here is a look at the sequence of procedures necessary for quickly receiving e-commerce license Dubai.

Establish a business entity
An entrepreneur or corporate entity that wishes to enter the field of e-commerce in Dubai needs to first establish a business entity. In other words, the structure and shareholding pattern of the company needs to be decided. This could be one of many different types of companies. Among the different types of companies that can be formed, a limited liability company is generally regarded as the most suitable and convenient for e-commerce license Dubai.
Zero in on the ideal location
It is important to identify the most suitable location for establishing a business process. Depending on the location and the ownership pattern, the entrepreneur will either enjoy 100% ownership of the company or will have to enlist the support of a local sponsor with 51% ownership for the local sponsor. An entity that establishes a presence in a free zone can enjoy a hundred percent ownership, while an entity that is established in mainland Dubai will have to rope in the services of a local sponsor.

Licensing formalities
The licensing formalities include the need for registration of a trade name which should not infringe upon other existing trade names. There are other guidelines that need to be followed when choosing a trade name in Dubai. This applies to all businesses including e-commerce license Dubai. The licensing authority for e-commerce license is the department of economic development, which also happens to be the licensing authority for all licenses. After the remittance of the required fee for initial approval, the authority issues a no objection certificate for commencing e-commerce operations.

Routine formalities associated with company formation in Dubai
There are other formalities for e-commerce license Dubai that are similar to who wrote in formalities generally associated with company formation in. This includes the registration of a physical office in Dubai, the opening of a bank account, and full filling of import and export requirements for the conduct of e-commerce operations. On fulfilling all of the requirements, a business and it will receive the e-commerce license Dubai within the stipulated period. This will differ from the department. On receipt of the license and final approval for starting business activities, an e-commerce venture can then and go about the hiring employees as per the regulations in force. The use of a reputed agency for assistance in completing all the formalities will help to quickly receive the approval and commence operations.

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