It is well-known that businesses can be sustained on the internet with the help of all kinds of websites where the services or goods of a company can be displayed, seen and purchased worldwide. In the UAE, the online retail sector increased by about 6% each month in 2016, meaning that customers are more interested in online shopping. Investors aware of the fast development of the online retail can direct their attention to opening online shops and generate profits on the internet. In legislation matters, one can ask for legal support from our lawyers in Dubai.
Main requirements for opening an online shop in Dubai
Planning an online store in an economic market full of opportunities in Dubai should request complete attention of an entrepreneur who wants to test the field. If you have an already registered company in Dubai, you may set up a website in a fast manner. As for the entrepreneurs who want to open an online shop and display their good and services for selling purposes, they should consider first of all setting up a limited liability company which is 100% tax-free in Dubai’s free zones for particular types of activities.
Moreover, such business form can be established in the free zones of Dubai, where there are no taxes on profits, capital gains, royalties, and interests. Please keep in mind that for an online retail business where the seller must issue bills, a company must be registered in the first place and should consider the VAT which is going to be imposed starting next year. In regards to the legislation available for the UAE, our Dubai attorneys can offer legal support and assistance. The same team can also help you apply for special licenses and permits necessary for certain categories of goods which are going to be sold.
What to consider when setting up an online shop in Dubai
In Dubai, about 56% of customers are placing orders via the mobile phone on varied online shops. The online retailbusiness cannot develop without focusing on how you can create applications for both mobile and desktop. There are numerous IT companies which can provide a wide range of services for websites and online shops in Dubai, so you can start making some research in this field. You can also develop all kinds of marketing projects to promote your online shop.
Entrepreneurs with online retail shops should also consider the social media platforms for an additional presentation of the businesses. Another suggestion regarding how you can expand internationally is to set up an Amazon store in Dubai and sell your products outside borders of the UAE.
Please feel free to contact our law firm in Dubai for details and legal advice if you want to set up an online shop in Dubai.