Find out why the UAE offers immense potential for those looking to set up an eCommerce business in an emerging market.
If you’ve been wondering, “Where and how do I start an eCommerce business?”, then we’ve got you covered with this blog. But, before we get started, let’s better understand why we picked UAE as the best country to set up an eCommerce business.
UAE has been consistently ranked as one of the best countries in the world for doing business by a number of organizations including the World Bank, Forbes, and The Economist. So if you’re thinking of starting or expanding your online eCommerce business, read on and explore why Dubai is the best please to launch you eCommerce business!
Whenever you ask someone, as to what they think is the best part of being a business owner in Dubai; they’ll tell you immediately that it’s the attractive taxation rates. There are no taxes for almost all kinds of business activities, i.e. your ecommerce business as well. That means you don’t have to worry about personal income tax, withholding tax, corporate tax, or capital gains tax.
This very fact drives eCommerce entrepreneurs to set up shop in the Dubai. They’re able to focus the entirety of their efforts on growing the business.
The Emirati Government actively promotes entrepreneurship and innovation with programs such as Start-up Dhabi – an annual event where entrepreneurs from around the world come together to network while building their businesses onsite. There’s also the Dubai Blockchain Strategy Committee that aims at educating stakeholders about how they can take advantage of digital technologies.
UAE’s support for business owners keeps its economy growing. All of these efforts are ultimately making the Dubai an attractive destination for international investors who are looking for stability with economic opportunity.
In the recent few years, Dubai has seen significant growth in active mobile internet uses. There’s been a huge rise in the popularity of online shopping. With increased security of online transactions and just overall convenience, a great number of people are moving towards online shopping. To put things into perspective, online shopping has grown by a whopping 1500% in the Middle East over the past decade!
Besides that, technology is UAE’s bread-and-butter. Remember how we talked about the Government of UAE being accommodating to investors? The higher-ups have been taking steps to push forward technology into various business sectors. It’s an opportunity just waiting to be explored by eCommerce businesses within the region!
The UAE has seen a rise in its population, and with that comes an increase in demand for eCommerce services. It’s relatively easier to capture the said audience by leveraging everyone’s online presence as they go about their daily lives!
If you’re wondering how you’re going to get into the Dubai to set your eCommerce business up, then you need to know that you will most definitely need a visa before anything.
Now, if you’re familiar with the typical visa procedure, you probably know how complicated things can get. Yet again though, UAE has managed to make things easier. And it’s even easier if you’re doing all of this through a business setup consultant.
GCG Structuring has helped several clients in setting their businesses up top-to-bottom through their extensive network within the UAE!
Getting your business license in Dubai is as convenient as it gets. You can choose to either operate in a free zone or a non-free zone. However, determining what kind of license your company needs can be a bit tricky. This is why we recommend that you consult with GCG Structuring to explore the details of your business setup.
Dubai has always been a popular destination for international entrepreneurs. However, there are still some aspects of setting up an eCommerce business that can be tricky or confusing; such as where you register your business, what type of license is needed, which bank account to use, etc.