To promote e-business
Business Index..Exclusive banking facilities for “merchant” license holders
Dubai Economy seeks to enhance e-commerce and the competitiveness of the emirate's economy.
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The commercial registration and licensing sector in Dubai Economy provides banking facilities to holders of a "merchant" license, which is concerned with licensing free businesses that are practiced from their place of residence in Dubai, and enabling various activities via the Internet and social media platforms, in cooperation with five banks: "Dubai Commercial", "Mashreq", "Emirates Islamic", "Abu Dhabi Commercial", and "Dubai Islamic", as part of Dubai's economic strategy aimed at facilitating the conduct of business and various activities electronically, and enabling startups owners in Dubai to benefit from websites and social networking sites, to grow their business.
Dubai Economy seeks to enhance e-commerce, the competitiveness of the emirate's economy, achieve the government's vision of digital transformation and build awareness about platforms that facilitate the conduct of commercial activities. And it is constantly working to consolidate partnership with the private sector, especially in the financial sector, to attract and support owners of emerging projects, which is reflected positively on the economic front, as well as simplifying and facilitating procedures for transactions and commercial licenses in Dubai.
Under the agreement with Commercial Bank of Dubai, holders of a "merchant" license will be able, through smart banking solutions, to open accounts in the bank without any minimum balance, and obtain preferential rates on local and international transfers, in addition to obtaining a free check book. Merchant license holders will also be able to recover up to 100% of their trade license fees, based on the average daily balance in their bank accounts, in addition to obtaining a credit card and converting their trade license fees into an easy payment plan with 0% interest repayable. Over a period of up to six months or 12 months.
Through ADCB's flexible banking services, the e-business account is designed to meet the needs of ambitious youth, enabling them to focus on managing their projects, and reducing the effort involved in completing daily banking transactions.
Business e-account features include: a globally used debit card, check book, access to mobile banking and internet banking, as well as a free electronic account statement, remittance facility, and bill payment service, without requiring an account. Having a minimum balance.
As for the Emirates Islamic package, it includes an exemption from the minimum account balance maintenance fee for the first 12 months, without account manager services fees, a 50% discount on transactions made through the electronic channel, and preferential rates on foreign currencies.
In turn, the Dubai Islamic Bank Business Merchant Account Package includes exclusive benefits of opening an account with no minimum balance, no annual fees for the first year, full access to online business banking fees, SMS fees, and a Visa debit card. internationally accepted.
The commercial registration and licensing sector clarified that owners of a "merchant" license can communicate with Mashreq Bank through the website, or by visiting the branch in the "Deira" area, the Business Village branch - Building B, and it is also possible to communicate with Commercial Bank of Dubai by sending a message text CBDDED to 4266 for an offer, or email dedsbaccount@cbd.ae;
It is also possible to communicate with the banks: "Abu Dhabi Commercial", "Dubai Islamic", and "Emirates Islamic" through the websites of these banks.
The commercial registration and licensing sector is constantly working to consolidate strategic partnerships with government sectors and the private sector in the emirate, as it focuses on providing support to “dealer” license holders and providing facilities to project owners, as well as opening new channels by enhancing cooperation with major outlets.
• Dubai Economy has cooperated with 5 banks to provide banking facilities to customers.
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