E-commerce means buying and selling of goods, products or services over the internet. E-commerce is also known as electronic commerce or internet commerce. These services are provided online over the internet. Transaction of money, funds and data are also considered to be E-commerce. While it is not new, this sector is growing rapidly across the world and creating new opportunities for businesses, particularly in the United Arab Emirates (UAE).
The current situation is further boosting the E-commerce sector in the UAE, as the behaviour of consumers is changing and social distancing is becoming the new norm, forcing businesses to transition to digital models in order to adapt. With the internet becoming an essential requirement of everyday life, many businesses are learning to take advantage of the numerous benefits of E-commerce, as it shifts from a luxury to a necessity.
Several Free Zones in the UAE offer E-commerce licenses with incredibly affordable options. However, there are several reasons aside from the cost to set up E-commerce operations in a UAE Free Zone. Some of them are:
- Free Zones allow for 100% company ownership
- Businesses can be started with relatively low capital investment
- Free Zone businesses have no time barrier
- No import duties on E-commerce license
- 0% corporate and personal tax
- Repatriation of capital and profits
- Ease of opening bank accounts
- Visa eligibility
- Flexible office facility
E-commerce is a great way for businesses to interact with consumers internationally. It has become an important part of our society. It has also become more affordable for small businesses to use the world wide web to sell their products. E-commerce will continue to progress radically over the years as the number of internet users among businesses and consumers continues to grow.
E-commerce licenses can also be set-up with Dubai Economy- once you identify your requirements, you are good to go.
To know more about E-commerce license setup, please feel free to contact us at email@example.com.