Photonics is the study of light and has several applications including LED, VR, holograms, high-speed internet and solar panels among other things
uae2 hours ago
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.
- waheedabbas@khaleejtimes.com
Photonics is the study of light and has several applications including LED, VR, holograms, high-speed internet and solar panels among other things
uae2 hours ago
A delegation from Egypt arrived in Israel on Friday hoping to revive the truce negotiations
mena3 hours ago
The decision aims to protect the safety and security of pilgrims
gulf3 hours ago
They have been carrying out rescue operations for the last four years, drawing on their extensive experience in saving people from desert terrain
uae4 hours ago
Dubai Amateur 17-year-old Oscar Craig continues to showcase his impressive form with third-round level par 72 at Saadiyat Beach Golf Club
sports4 hours ago
The tragic incident led to the death of a number of innocent people from Yemen
mena4 hours ago
Alongside regional leaders, US Secretary of State Antony Blinken will attend the meetings
world5 hours ago
Twice Grand Slam champion Alcaraz is set to make his Olympic debut while Nadal will be eyeing his third gold medal after wins in Beijing and Rio
sports5 hours ago