With the progressing time, technology is also continuing to grow and thrive. As more and more individuals are turning to digital life, the world is witnessing an upsurge in e-commerce businesses. As a result, an increasing number of entrepreneurs and sinvestors are planning to start an online business in Dubai and existing businesses are switching to the digital realm.
Digitization is undoubtedly going to be a heavy hitter in the business world now and in the future. That is why businesses need to take advantage of this opportunity and create their mark on the online platform to boost their reach.
Let’s explore some of the most popular online business ideas in Dubai and how to get started with one.
Online Business in Dubai
An online business refers to any commercial entity that uses the Internet to carry out its operations. As per the common belief, online business is not just about selling physical goods, rather it covers a broad spectrum of services including education, consulting, training, wellness practices, etc.
With most of the population having internet access, online markets are growing. Moreover, the robust infrastructure of the Emirate facilitates the establishment of online ventures. In such a scenario, launching an online business can be a substantial market opportunity helping business owners save time and money.
Benefits of starting an online business
Additionally, there are various benefits to starting an online business in Dubai –
- Full repatriation of profits to the home country
- Full ownership of foreign business
- Quick and easy setup process
- Affordable setup and operating costs
- No personal tax
- Ease of operation
- Assistance in bank account opening
- Access to a 3-year residence visa
Considering all the benefits, it is also essential for businesses to ensure compliance with local regulations while planning to start an online business in Dubai. Fulfillment of the legal requirements will ensure that the business is operating within the framework of Dubai’s business laws.
Start an online business in Dubai
Setting up an online business in Dubai involves various steps –
Choosing the right jurisdiction
A suitable location will determine the success of your online enterprise. However, your choice of location will rely on the nature of your business.
Dubai offers two options to business owners –
- Mainland
Often referred to as onshore, Mainland allows businesses to operate across the UAE and in the international markets. The Department of Economic Development (DED) oversees the activities on the mainland and issues licenses to the companies. With this license, Mainland companies can easily take on government projects and apply for as many employee visas as they want, based on the size of the office.
- Freezone
Freezone entities benefit from tax exemptions for trading within free zone boundaries. With its emphasis on logistics and trade, it offers an array of activities that boost trade. This is why they are also known as free trade zones.
Finding the perfect business name
Finding a suitable business name falls among the biggest priorities for a business owner. However, when planning a business in the UAE, it is important to be mindful of the strict set of conventions established by the UAE government. Some of these rules are mentioned below: –
- Avoid using abbreviations or initials of a person’s name.
- Offensive language or profanity is not permissible.
- References to Allah or any other religious deities are prohibited.
- Avoid using politically charged terms.
Once you have selected a name, make sure to check for its availability with the business experts at Shuraa.
Applying for a business license
Once the location, activities, and company name are done, you can proceed to the license application. The type of license you would require for your business would depend upon the nature, activities, and the chosen jurisdiction. As per the process, the business owner must prepare and submit a few documents and fulfill certain formalities. The relevant authorities will issue the license accordingly. The business owners must also ensure to renew the license every year to avoid any legal consequences or penalties.
Securing the visas
One of the many benefits of starting an online business is that it prevents you from the hassle of finding office space or being physically present in the UAE. However, as per the UAE rules, you will need a legal address to register the business.
With an online business license, the business owner can secure a valid visa for 3 years, which is renewable. In addition, if the business has a physical office in Dubai, the employees can also secure a visa to legally live and work in Dubai.
Opening a bank account
The business owners must have a separate bank account for their business transactions. The process is quick and simple. The owners must pick their preferred bank and submit the following documents: a passport copy, visa copy, Emirates ID, and business license.
Shuraa Business Setup helps streamline the process of starting an online venture in Dubai. Their consultants will guide you through every step and navigate the complexities of the process seamlessly so that you can focus on realizing your entrepreneurial vision.
Documents required
To start an online business in Dubai, you are required to arrange certain documents that will authenticate your business and its stakeholders. The accuracy and timely submission of the documents will ensure that there are no delays or rejections in your application.
The documentation process would encompass the following list of documents: –
- List of proposed business names (at least three options)
- Passport-size photographs of all shareholders
- Copy of the passports and UAE visas of all shareholders
Costs involved
An online business setup in Dubai involves certain expenses and they may vary depending on several factors. For example, the nature of business activities, the business location, website hosting fees, the cost of the business license, and any additional approvals or specific permits.
Popular Online Business Ideas in Dubai
One can find a plethora of opportunities across various sectors to start an online business in Dubai. However, it is also crucial to select a business idea that corresponds to your skills, expertise, and interests.
Here are a few small business ideas in Dubai you might consider for your next venture –
- Consultancy services
- Social media management
- Dropshipping
- IT services
- Online tutoring
- Affiliate Marketing
- Food delivery services
- Virtual fitness coaching
- Online Clothing Store
- Educational services
- Freelancing
- Online trading
- Wellness-related services
- Social media influencer
- Web designing/development
- Online bakery
Start your digital journey with Shuraa
In this ever-evolving digital era, the United Arab Emirates is also expanding its horizon with its innovative methods. In this series of developments, the possibilities and opportunities are endless. That is why starting an online business in a mega city like Dubai can be the ultimate choice.
Shuraa Business Setup is one of the best corporate service providers in the UAE that helps businesses obtain their licenses and establish themselves in the money-spinning market of the Middle East. Their expert consultants will guide you through the entire process of company formation. From business registration to getting approvals from the relevant authorities, they will help you understand everything related to your online business setup.
Find out more! Contact the expert consultants of Shuraa at +97144081900 or send a WhatsApp message at +971507775554. You can also drop in an email at info@shuraa.com
