Within the preceding 12 months-time frames approximately overall close to Six Thousand permits were issued for the online businesses.
As an outcome of the COVID-19 Pandemic and the resultant acceleration within the online shopping as well as E-Commerce boom within the preceding twelve months, numerous new fledging entrepreneurs in Dubai have commenced their online businesses.
As comparatively to the year 2019, the Dubai’s Economic Department (Dubai Economy) has already granted a “DED Trader” licences for around 5,799 businesses within 2020, thereby witnessing a surge of almost 132 percent.
As per the Dubai Economy, the overall positive surge within the DED trader licence applications have already become a huge testimony for a thriving aid for the E-Commerce arena as well as core highpoints regard the native economy’s attractiveness.
DED already pointed that: “This reflects Dubai Economy’s focus on promoting e-commerce and the competitiveness of Dubai’s economy, as well as its commitment to realising the vision of the government to drive digital transformation and build awareness about e-platforms that facilitate commercial activities.”
The permit empowers start-ups in Dubai to trade or conduct commercial activities online, including social networking sites. It is prevalent among entrepreneurs with restricted capital, as it doesn’t necessitate a physical office or shop.
It further added that: “The numbers show that DED Trader has proactively supported the growth of e-commerce in the UAE and encouraged a growing number of consumers to shop online.”
E-commerce within the Middle East territory and across the globe has fast-tracked since the commencement of the Covid-19 pandemic.
Players in the industry, counting big-box retailers who uphold an online presence, have described a huge upsurge in clients demand online since the first quarter of 2020.
About ‘DED Trader’
The DED Trader licence was tossed by the Business Registration and Licensing sector of the Dubai Economy to sustenance up of the start-ups in Dubai. From its promotion in 2017 to December 2020, an overall 9,949 licences were issued.
Out of the licenses released, more than half (57 percent) went to female entrepreneurs for empowering a female entrepreneurship expansion in the territory.
Among the numerous trade actions that online start-ups have functional for, “marketing services through social media” topped the list, closely tracked by perfumes and cosmetics trading, portal, sweets and candies manufacturing, cafeteria, marketing management, social media applications development and management, readymade garments trading and ladies’ garments trading.
E-commerce in the Middle East territory and across the globe has enhanced since the commencement of the coronavirus pandemic. The trend has been principally fuelled by the extraordinary shift in client behaviour to the digital space.