It could be that you have come up with a new idea and want to sell it for good money. These days, a good number of people are interested in starting their own online business in Dubai. It is now possible to start an online business as it involves less investment when compared to a brick-and-mortar store.
The UAE (United Arab Emirates) is regarded to enjoy an advanced eCommerce market within the entire MENA region. In 2019, eCommerce transactions hit an all-time high of AED 59 billion (US $16 billion). The average annual projected growth between 2019 and 2022 is around 23%. This is what prompted many to consider starting an eCommerce Business in Dubai.
Reasons for the UAE to enjoy global eCommerce positioning
There are several factors that have helped the UAE to enjoy a good position in eCommerce Business in Dubai. The reasons include an increasing number of tech-savvy consumers and startups in the country. Also, the UAE government has been doing its best to promote smart transactions between consumers and businesses. For different types of government services and purchases, it is expanding cashless payment choices.
Since the UAE eCommerce industry is showing positive growth forecasts, it is the right time to start an online business. However, to ensure smooth, legal operation, you need to contact the Mainland or Free Zone authority to obtain a proper trade license.
You need to know how to start an online business in UAE the right way to avoid hassles. The UAE government is quite strict on its policies. Hence, it becomes important for all new entrepreneurs to follow them sincerely. You should not skip any step and make sure that you have followed all the rules and regulations. The steps to follow will depend on the type of business you plan to start. You can consult a trustworthy setup firm to get professional guidance.
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