3243 “Merchant” licenses in Dubai during the first half

3243 “Merchant” licenses in Dubai during the first half
3243 “Merchant” licenses in Dubai during the first half
  • 13,430 dealer licenses since launch in March 2017
  • The licenses are concentrated in information technology, ready-made clothes, tailoring and design
  • Including freelance business licensing from residence and online activities

Dubai: «The Gulf»
The “Trader” license, launched by the commercial registration and licensing sector in Dubai Economy to license freelance businesses that practice from their residence in Dubai, and enable various activities via the Internet and social media platforms, is witnessing an increasing interest by emerging entrepreneurs in Dubai, as 13,430 licenses have been issued since the launch The initiative took place in March 2017 until the end of June 2021, which reflects the growing momentum of online shopping in Dubai.
The report issued by the commercial registration and licensing sector showed that 3,243 merchant licenses were issued during the first half of 2021, compared to 1,989 licenses issued during the first half of 2020, with a growth rate of 63%, which reflects Dubai’s keenness to enhance e-commerce and the competitiveness of the emirate’s economy. In addition to achieving the vision of the rational government in the digital transformation of Dubai and building awareness about the platforms that facilitate the conduct of various activities.
Males accounted for the highest percentage of the total dealer licenses issued during the first half of 2021, as they constituted 63% of the number of licenses, while females constituted 37%. The report also indicated that most groups of licenses issued during the first half of 2021 focused on information technology, ready-made clothes, women’s tailoring and design, handicrafts, men’s tailoring and design, preparing snacks, commercial mediation, organizing exhibitions, and other professional services.

Invest in Dubai

The merchant license, which is issued electronically through the Invest in Dubai platform Dubai.invest.ae, aims to guide entrepreneurs on the right path to start their first steps to enter the business world. Through the license, Dubai Economy aims to regulate the process of practicing e-commerce, create a platform to support and develop trade, and link the customer directly with merchants. The controls of a dealer’s license include that a shop cannot be opened, and a visa can be issued to 3 workers only if the owner of the license is a 100% citizen, and the right of legal recourse rests with the individual who owns the license.
Dubai Economy focuses on providing support to “dealer” license holders through partnership with the government and private sectors, providing facilities for the growth of their businesses, and opening new channels such as main sales outlets, in embodiment of the rational government directives to embrace and support emerging youth and their commercial projects and enable them to continue success.

Startups

Dubai Economy has cooperated with Noon, a local shopping platform, to support young Emirati entrepreneurs to display their products on Noon’s “Local” to facilitate access to the largest number of customers. It also cooperated with Talabat to provide the opportunity to display and sell food products through the Talabat application. Cooperating with “My Fawtoora” to facilitate the electronic payment process for sales of merchant license holders’ products; And cooperate with “Kiosks”, so that merchants can display their products and merchandise through the Kiosk website for free.
It has also cooperated with Hotdesk to provide privileges and facilities for “merchant license” holders to use the Hotdesk application, which provides flexible workspaces to hold meetings or conduct brainstorming sessions in the Emirate of Dubai and book them by the hour, by the day, by the month, or through the site ( hotdesk-app.com).
Banking facilities are provided to merchant license holders in cooperation with five banks: Commercial Bank of Dubai, Mashreq Bank, Emirates Islamic, Abu Dhabi Commercial Bank, and Dubai Islamic Bank.
The advantages of obtaining a license include: issuing a facility card, benefiting from bank facilities, displaying products in outlets (partners), obtaining membership in the Dubai Chamber of Business Activities, obtaining the importer’s customs code to facilitate import and export through dubaitrade.ae, participating in exhibitions and conferences And workshops, contracting with temporary employment companies, and providing work spaces (partners).

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