The DED Trader license launched by Dubai Economy (DED)’s Business Registration & Licensing (BRL) sector, issued an overwhelming sum of 1947 licenses in the first 6 months of this year. This was an increase of 83 percent compared to the same time frame last year, where the number of licenses issues was 1064.
A significant rise was also seen in the month on month numbers where the total number of DED Trader licenses issued in June reached 577 licenses, increasing 163 percent compared to June 2019’s 219 licenses.
These promising numbers reveal Dubai’s rise as a leading destination for e-commerce and a commercial hub for consumers in the Middle East region, as the emirate adopts its e-commerce strategy, which aims to improve the emirate’s position as a global platform for e-commerce.
Dubai Economy launched the DED Trader license to develop e-commerce and the competitiveness of Dubai’s economy, as well as to realize the vision of the government to drive digital transformation and build e-platform awareness that aids commercial activities. Due to its advancement in logistical structure along with higher demand for Internet use in the past months, Dubai has succeeded in realizing its smart transformation with the Fourth Industrial Revolution strengthening the adoption of e-commerce as an exceptional model for doing business.
Dubai Economy focuses on providing support to DED Trader license holders by signing partnerships with government and private sectors, providing facilities for their business growth as well as opening new channels by enhancing cooperation with major sales outlets.
Through the DED Trader license, Dubai Economy seeks to control and improve the ease of doing business electronically, find a platform that supports and develops trade as well as connect customers with traders.
The licensee who cannot open a shop/store, can avail of three visas if the ownership is 100% Emirati and legal liability falls under the license holder. The license is issued electronically by visiting dedtrader(dot)ae and carryout necessary paperwork online.
The benefits of getting a DED Trader license include;
- Getting Dubai Chamber membership for commercial activities
- Benefitting from bank facilities
- Temporary employment services
- Getting Customs Client Code, which facilitates import and export via dubaitrade(dot)ae
- Participation in exhibitions & conferences and training workshops
- Displaying of products in consumer points of sale and providing workspace.