13.4 thousand licenses issued since its launch in March 2017 until the end of June 2021
Dubai Economy: "Merchant License" jumps by 63% in the first half
Dubai Economy: Males accounted for the highest percentage of the total "trader license".
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"Dealer's License" is witnessing increasing interest from start-up entrepreneurs.
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The "Merchant License", launched by the commercial registration and licensing sector in the Dubai Economy to license free businesses that are practiced from their residence in Dubai, and to enable various activities via the Internet and social media platforms, is witnessing an increasing interest by the owners of start-up projects in Dubai, where 13,000 were issued. And 430 licenses since the launch of the initiative in March of 2017 until the end of June 2021, which reflects the growing momentum of online shopping in Dubai.
The report, issued by the registration, licensing and commercial sector, showed that 3,243 "merchant licenses" were issued during the first half of 2021, compared to 1989 licenses issued during the first half of 2020, with a growth rate of 63%, which reflects the keenness of Dubai's economy. To enhance e-commerce and the competitiveness of the emirate’s economy, in addition to achieving the rational government’s vision in Dubai’s digital transformation, and building awareness about platforms that facilitate the conduct of various activities.
Males accounted for the highest percentage of the total "trader license", issued during the first half of 2021, as they constituted 63% of the number of licenses, while females constituted 37%. The report also indicated that most groups of licenses issued during the first half of 2021 focused on information technology, ready-made clothes, women's tailoring and design, handicrafts, men's tailoring and design, preparing snacks, commercial mediation, organizing exhibitions, and other professional services.
The "Trader License", which is issued electronically through the "Invest in Dubai" platform, Dubai.invest.ae, aims to guide project owners to the right path to start their first steps to enter the business world.
Through the license, Dubai Economy aims to regulate the process of practicing e-commerce, create a platform to support and develop trade, and link the customer directly with merchants.
The controls of a "merchant's license" include that it is not possible to open a commercial store, and a visa can be issued for three workers only, if the owner of the license is a citizen, and the right of legal recourse rests with the individual who owns the license.
Dubai Economy focuses on providing support to owners of a "merchant license", through partnership with the government and private sectors, providing facilities for the growth of their business, and opening new channels, such as the main sales outlets, in embodiment of the rational government directives to embrace and support emerging youth and their commercial projects, and enable them to continue success. .
Dubai Economy cooperated with Noon, the leading local shopping platform, to support young Emirati entrepreneurs to display their products on Noon's "Local" to facilitate access to the largest number of customers, and cooperation was also made with "Talabat" to allow The opportunity to display and sell food products through the “Talabat” application, and cooperate with “My Fawtorah” to facilitate the electronic payment process for sales of products for “merchant license” holders.
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