The number of trader licenses issued in the first half of 2021 by the Dubai Economy has been 3243; 1254 licenses more than the ones issued last year in this same period. This proves, once again, the efficiency of the Dubai economy in readapting itself to the new Covid situation and the faith that small and medium enterprises have in the government.
The process through which licenses can be requested is so easy and cheap that many start-ups could finally give life to their entrepreneurial ideas without exposing themselves to too high risks. Saad Manor, senior partner at Crowe, reminds us that low costs for start-ups drives innovation everywhere in the world. Moreover, the Dubai government has always provided local business with support and has always sustained any initiative easing the acquisition of trader licenses. The initiative DED Trader license in particular, has obtain great success. The projects aims at helping freelancers and start ups in doing their commercial activities online and through social networks. This fits very well into the attempt carried out by the Dubai Economy to promote e-commerce and digital transformation.
IT and readymade garments are the sectors the highest number of licenses has been asked for. Ladies tailoring design, handicraft workshop, gents tailoring, preparation of food, commercial brokerage, exhibition and other professional services follow.
The DED Trader licenses can be obtained online on the invest-dubai.ae portal. The platform, created by the Dubai Economy has the objective of developing trade and put in touch businesses and customers. The license holders cannot open a shop, but they have three visas at their disposal if the ownership is 100% Emirati and legal liability falls on the license holder.
The Dubai Economy offers support to the licenses holders by establishing partnerships among the government and private sectors, by offering support for the development of activities and by opening new sale channels. For this reason, the Dubai Economy has entered into partnership with noon.com, the leading digital marketplace in the region, with the aim of getting start ups and clients in touch through the online store Mahali. The Dubai Economy has also entered into partnership with MyFatoorah to ease online payments for transactions concerning the DED Trader initiative, and with Talabat for selling food products on its platform.
The licenses holders are entitled of some benefits: from the membership at the Chamber for commercial activities, a Custom Client Code per import e export su dubaitrade.ae, temporary employment services, participation in workshops and exhibitions, and work places.