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.
The United Arab Emirates is one of the most popular and advantageous countries in the world to set up an eCommerce business. With its strategic location, strong economy, and welcoming business environment, UAE provides ample opportunities for businesses to succeed. In this blog post, we will look at some of the main reasons why the UAE is such a great place to do eCommerce.
Why UAE is the Best Country to Set Up 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 business, read on!
Whenever you ask someone, as to what they think is the best part of being a business owner in UAE; they’ll tell you immediately that it’s the attractive taxation rates. There are no taxes for almost all kinds of business activities. 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 UAE. They’re able to focus the entirety of their efforts on growing the business.
UAE’s Government is Supportive
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 UAE an attractive destination for international investors who are looking for stability with economic opportunity.
Internet Penetration and Mobile Usage
In the recent few years, UAE 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!
Potential for a Massive Audience
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 UAE to set your eCom 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 the UAE 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.
How Can GCG Structuring Help You to Set Your e-Commerce Business Up in the UAE?
The UAE has always been a popular destination for international entrepreneurs. However, there are still some aspects of setting up an eCommerce company 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.
That’s why GCG Structuring provides extensive support with all these queries around company formation within the UAE! If you’ve got any questions about how best to structure your own eCommerce business model, then we’re here to help you out every step of the way! Book a call with us and we’ll get you started!