Our world has become smaller thanks to technology. With just a click of a mouse, we can sell or buy anything we want anywhere in the world and have it delivered within minutes, hours, days or at its worse, weeks. That’s how fast buying and selling has been transformed in today’s digital world.
But more importantly, the digital world is giving all of us with entrepreneurial spirit the opportunity to realize our dream business at our own pace and time, within the comforts of our own home, at different time zones, via various global online platforms or even through our own store in the cloud.
With minimal capital but lots of creativity and love, you’re on your way to success. Sounds easy? Yes, it is. All you have to do is make noise about your products and services and assert how they are different from the rest. Value for money, if you will.
The great thing about online selling is the world is within your reach. Talk about Amazon’s huge success if you will.
In the United Arab Emirates, this opportunity becomes even more easier with the launch of eTrade license across all emirates – Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Ajman, Fujairah and Umm Al Quwain—under the directives of the Department of Economic Development.
So what’s the scope of an eTrade license in the UAE? It covers any products and services sold online, specifically through social media or a personal website.
Say for example you’re a stay-at-home mom and you would like to sell handmade products like soap bars, shampoos or processed food, or perhaps, offer your service as a make-up artist or photographer, among others, you would need an eTrade license to legally do that in the UAE.
Suppose you have a regular job but you would like to sell souvenir items or other products online, you would also need an eTrade license from the DED of the emirate where you are doing business to be able to do that legally.
Bottom-line is that the eTrade license is ideal for home-based businesses because you’re not required to have a physical office space or warehouse.