Dubai records 83% growth in DED Trader licences in H1 2020
Dubai Economy on Saturday said that it saw an overwhelming response for its DED Trader licence, issuing 1,947 licences in the first-half of 2020 as compared to 1,064 in the same period last year, an increase of 83 per cent.
The total number of DED Trader licences issued in June reached 577, an increase of 163 per cent compared to June 2019, when 219 licences were issued. The DED Trader licence enables start-ups in Dubai to conduct business activities online and across social networking accounts.
Dubai Economy launched the DED Trader licence to promote e-commerce and the competitiveness of Dubai's economy, as well as to realise the vision of the government to drive digital transformation and build awareness about e-platforms that facilitate commercial activities.
The total number of DED Trader activities is 382, and the number of permitted activities in a single licence is 10, provided that they are consistent within the same group category. "Lifestyle Coaching" topped the list of activities issued since the launch until end of June 2020 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".
"Information Technology" group, which includes 17 activities, topped the list of activity groups followed by "Fashion" (33 activities); "Other Personal and Trading Services" (13); "Ladies tailoring and design" (3), "Preparation of Food" (7); "Commercial brokerage" (2); "Event organizers" (8); "Handicraft workshops" (13); "Electronics group" (17); and "Exhibition organizers" (5). The total number of DED Trader licence groups is 82.
Through the DED Trader licence, Dubai Economy seeks to regulate and enhance ease of doing business electronically, find a platform that supports and develops trade as well as connect customers with traders. The licensee cannot open a shop/store but can avail of three visas if the ownership is 100 per cent Emirati and legal liability falls under the licence holder. The licence is issued electronically.
The benefits of getting a DED Trader licence include getting Dubai Chamber membership for commercial activities, benefitting from bank facilities; getting Customs Client Code, which facilitates import and export via dubaitrade.ae; temporary employment services; participation in exhibitions & conferences and training workshop; displaying of products in consumer points of sale and providing work space.
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