By Staff writer
Dubai Economy sees 83% growth in DED Trader licences issued in first half of 2020
The DED Trader licence, which enables start-ups in Dubai to conduct business activities online and across social networking accounts, saw an 83% growth in the first six months of this year.
Dubai Economy’s Business Registration & Licensing (BRL) sector said 1,947 licences were issued during the first half of this year, compared to the 1,064 licences that were issued in the same period last year.
The latest figures also show that in the month of June alone, 577 licences were issued - an increase of 163% compared to June 2019 (219 licences).
Dubai Economy said the increase in licences reflects the emirate’s growth as an e-commerce and commercial hub for consumers in the Middle East region.
The DED Trader licence was launched to specifically promote e-commerce business in Dubai, which is a key pillar of the government’s aim to drive digital transformation and build awareness about e-platforms that facilitate commercial activities.
Dubai’s strong logistical structure and the high demand for Internet use in the previous months strengthened the adoption of e-commerce as fast-growing model for doing business.
Dubai Economy said it focuses on providing support to DED Trader licence holders by signing partnerships with government and private sectors, providing facilities for their business growth, as well as opening new channels by enhancing cooperation with major sales outlets.
The licensee cannot open a shop/store but can avail of three visas if the ownership is 100% Emirati and legal liability falls under the licence holder.
The total number of DED Trader activities is 382, and the number of permitted activities in a single licence is ten, provided that they are consistent within the same group category.
‘Lifestyle Coaching’ topped the list of activities in the first half of this year, followed by ‘Marketing Services Via Social Media’; ‘Portal’; ‘Social Media Applications Development & Management’, ‘Perfumes & Cosmetics Trading’, ‘Marketing Management’, ‘Project Management Services’, ‘Web-Design’, ‘Ladies Wears Tailoring & Embroidery’ and ‘Readymade Garments Trading’.