Open a Business in Dubai – Start Ecommerce Business Dubai
The future of E-Commerce is looking very bright in the Dubai UAE. Worldwide, online shopping revenues are expected almost double to US$ 6.54 trillion from 2020 to 2022, and within the rapidly-growing Middle East region, the UAE boasts one of the largest B2C E-Commerce markets. Thanks to its over 99% of the population (2020) internet users, the UAE E-Commerce market is expected to maintain double-digit growth through to 2022.
How is Covid-19 affecting E-Commerce?
Various lockdown restrictions across the UAE, including the shopping malls and all shops selling non-essential items, shoppers are turning to online. They can shop from the comfort and safety of their homes and have their chosen products delivered to their door at a convenient time for them. What could be easier? Its hassle free and shoppers stay safe.
The supermarkets are currently experiencing a huge surge in online grocery orders, home deliveries have increased 10-15 times the usual traffic.
As most people are working from their homes, they have more time to browse the internet and shop at leisure. There has never been a better opportunity to reach out to a highly engaged online audience.
What are the businesses trending in E-Commerce right now?
Seven of the top E-Commerce Business ideas for 2021 are:
- Fashion/Jewelry Products
- Smart Home Products & Accessories
- AR/VR Headsets, Apps & Accessories
- Vape Hardware, Flavors & Liquids
- Online Learning Platforms
- Auto parts
How do I start my E-Commerce business?
Be aware of the following:
Choosing between a Free Zone and the Mainland authority will entirely depend on the nature of your online business. A mainland license gives you the freedom to trade or sell your products and services directly to the local market while a free zone license will require you to work with a local distributor. In this case, consider the factors from which your business can benefit more in terms of market reach and scalability.
Incorporating an E-Commerce company in Dubai is easy, but you can’t flout the laws and regulations while doing so. Dubai authorities do not allow any random person to launch an E-Commerce store and start selling products. If you want to set up an online business in Dubai, you have to apply for a trading license. Your business is not considered legal if you do not have a license for it. There is a procedure you need to follow while applying for this license.
Whichever E-Commerce platform you will sell on, implementing industry-specific accounting practices is vital to helping you achieve your business goals. Unfortunately, E-Commerce platforms do not make it easy but with the right bookkeeping and accounting service, you will be able to understand the numbers and start using management accounting to help you make more informed business decisions.
E-Commerce refers to business transactions (sales and purchases) that are conducted electronically, as on the Internet. If a person is supplying goods or services in UAE via the Internet or any other electronic media, he is accountable for the collection of VAT as in traditional business. This also applies notwithstanding that the transactions are effected through a third party E-Commerce service provider.
If your online business involves physical products to sell or trade, it is mandatory to have proper warehousing to store your goods. This factor is equally important when deciding the jurisdiction to set up your company. Once you secure a warehouse and office space, the next thing on your list is to establish a reliable logistics system to ensure efficient delivery of your products to your consumers. You can opt for a third-party logistics or build your own.
Are you thinking of starting an E-Commerce Business in Dubai, UAE Now?
How Can We Help?
Get your 1st Free Meeting of E-Commerce Business Setup from Horizon Biz Consultancy
Horizon Biz Consultancy is experienced in business setup, VAT and accounting services for E-Commerce. Our UAE and India based, qualified accountants and consultants are experienced working with Amazon, eBay, noon, Stripe, Shopify, Paypal, Magento and many more popular E-Commerce platforms. Plus, we’re used to working with E-Commerce sellers who sell in countries all over the world and therefore need to take into account numerous different VAT rates, tax implications of a different part of the world and understanding of each sector’s performance.
Would you like to know more about E-Commerce Business Setup or any other Services?
Speak to our experts today.
We are providing not only Dubai’s, but United Arab Emirates’ best Business Setup, Taxation, Outsourced Accounting, Finance Consultancy, and other allied services. We are working since 6 decades. And years of experience will never let you down.
– Company/Business Setup Services
– Tax Consultancy
– Trading License Advisory
– Accounting & Book-keeping
– Outsource Accounting Services
– Outsource CFO Services
– Outsource Payroll Processing Services
– Financial Services
– Auditing Services etc.
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