Social media has opened opportunities to explore business ideas sitting at homes too. While using social media as the platform for business, people will not have to spend exorbitant amounts in setting up the business and marketing the products. They can spread the word about the business through social media platforms effectively. It will act as both a marketing tool and an interface between the business owner and the buyer.
The E trader license UAE was introduced to regulate the business activities happening over social media platforms. You must have an e-trader license to commence business through social media. The authority has formulated a process for issuance of the subject license. The Department of Economic Development (DED) is the authorized agency to pursue applications and issue the license. It is called a DED Trader license or simply Trader License.
Initially, the e-trading license was limited to Emiratis and GCC nationals staying Dubai only. Viewing the growing request from emigrants, the authority decided to extend the e-trader license option to expats too. An expat, above 21 years of age, staying in Dubai can apply for the license. It generated enthusiasm among the expatriate community in the country. However, the restrictions imposed on expats have created confusion.
There are two types of e trading license in Dubai, viz. Commercial License and Professional License. Although an Emirati or the GCC personnel can apply for both the licenses, an expat can apply for the professional license only. This limits the business functions of expats to rendering professional services like make-up artists, modelling photography etc. Expatriates cannot trade, or manufacture and sell products.
Discuss your e-trader license today with our professional team. We can give you expert advice on the DED trader license and carry out the official process on behalf of you.