The internet is now an essential part of the life of everybody. You can order products, purchase groceries, and get services – thanks to the modernity in the online business industries. Hence, starting an online business can be a good option. But several people have no understanding of how to do online business in UAE.
But do not worry, as the Start Any Business UAE professionals are here to assist you in any kind of business formation in this prosperous country. All you need to explain your requirements and move forward with the professionals.
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Moreover, this is a booming industry with a tone of probable. Business people seeking to expand or aspirants who want to enter the market of Dubai must not miss on the possibility to form their online business in this country.
If you are keen to launch an online business, we have made the complete guide to commencing an online business to walk you through each step you have to take to start successfully your business.
What is an Online Business in UAE
Online business in UAE enjoys a grown surplus, thanks to the ample wave in online items and e-commerce. In addition, you can sell your products online, or also give e-services such as training, teaching, yoga, and more.
Over 90% of Dubai’s population has reached the internet. Hence, you have a huge audience pool to mark and form your online business in UAE. The best thing is that you do not have to get physical office space to form such kind of business.
Steps For Starting an Online Business in UAE
The procedure to start an online business in UAE is simple. Here are all the steps that you need to take to launch such a business –
1. Decide Your Business Activity
The first move to start online business in UAE is deciding the business activity you want to run. The business people have to examine their products and services and therefore make a list of the activities.
Always re-examine the list prior to presenting it to the relevant department for permission to avoid any issues in the future. In addition, you can make an application for extra approvals to get permission to hold other business activities as well.
2. Book a Business Name
What will be the name of your business? do you prepare a list for the same? This is critical to have the business name reservation payment slip for commencing an online business in UAE. In addition, make sure that you follow all the naming convention prospects sustained by the government of the UAE. Newer utilize demeaning words or terms that are objective in any way. Keep in mind that extra charge is collected for overseas business names.
3. Decide the Location
In which location do you want to start an online business in UAE? You have the choice to form your corporation in the mainland to get reach the local market. Moreover, you can also start in the free zone with an independent and lenient jurisdiction. Although, you can directly build the business in the virtual office.
The spot you select has a remarkable part to play in the development of your corporation. Hence, you have always consulted with the legal consultants at Start Any Business UAE prior to deciding the corporation setup location.
4. Apply for Online Business License
The next move is to acquire an online business license in UAE for your online business. Moreover, this is the legal permit that certifies you to run all the permitted business activities in your relevant business zone. There are many online business licenses you cab get to form your business. They comprise – an e-trader license, virtual company license, and portal license.
5. Host a Website
You have to sustain a reasonable online presence to form a name for your brand in the market. Hence, hosting a customized business website has to be a top priority for initiating an online business in UAE. Giving adaptable payment choices enhances the possibility of scoring a sale. In addition, always select a reliable hosting partner for your website and apply easy-to-use navigation. Do not forget to check the website loading speed as well.
6. Open a Bank Account
You can secure a bank account in one of the trusted international and domestic banks in the UAE. Moreover, make sure that the chosen bank gives the most suitable banking features and long-term advantages. The business people wondering about starting online business in UAE can consult with the Start Any Business UAE business specialists. The professionals assist you in locating the most suitable banks for your online business and give end-to-end help.
Cost of Starting An Online Business in UAE
The cost of forming an online business in the UAE is based on the kinds of business activities, approvals, location, license, and more. Although, you can get a general portal license for about AED 12,000. You have to make a payment of an extra charge in terms you need whole business benefits, or if you want to utilize an overseas business name. The business experts at Start Any Business UAE assist you in getting the preferred online business license in UAE without any additional costs.
Key Benefits of Doing Online Business in UAE
- Low Barrier to Entry : An online business in UAE does not need a heavy amount of investment, unlike other businesses. Moreover, you can begin with a fair budget and extend as your produce more earnings.
- Full Ownership : This is very easy to start an online business in UAE without having an outside stakeholding in your corporation. Hence, all the businessmen do not have to get a local partner for the formation of their corporation.
- Tax-Free Regime : You do not have to make the payments of any taxes, whether it is corporate or personal tax when you build an online business. The impressive point is that you can also fully repatriate your profits.
Also Read: How to Start an Online Business from Home