Dubai Proves Economic Resilience
Dubai again proves its economic resilience. Dubai Economy records a 63% increase in DED Trader licenses during H1 2021.
Dubai has once again proved its economic resilience by registering a strong 63 percent year-on-year growth in trader licences during the first half of this year despite challenging environments across the globe.
Dubai Economy on Saturday announced that it issued 3,243 trader licences during January-June 2021 compared to 1,989 licences in the same period last year. It issued 13,430 licenses since March 2017 till end if June 2021, reflecting the department’s support to e-commerce in the emirate.
The DED Trader license, launched by the Business Registration and Licensing (BRL) sector of Dubai Economy, provides help to freelancers and start-ups to conduct business activities online and across social networking accounts. It also reflects the focus of Dubai Economy on promoting e-commerce and economic competitiveness, as well as its commitment to realizing the vision of the government to drive digital transformation and promote e-platforms that facilitate commercial activities.
The report issued by the BRL sector showed that males accounted for the highest share (63 percent) of the total DED Trader licenses issued during the first half. It showed that Information Technology topped the list of activities of the licenses issued followed by readymade garments, ladies tailoring and design, handicraft workshops, gents tailoring and design, preparation of food, commercial brokerage, exhibitions and other professional services.
The DED Trader can be obtained electronically on the investment.dubai.ae portal by following simple steps. Through DED Trader, Dubai Economy seeks to regulate and enhance the ease of doing business electronically, while also offering a platform that supports and develops trade as well as connects customers with traders. The licensee cannot open a shop/store but can avail of three visas if the ownership is 100 percent Emirati and legal liability falls on the license holder
Dubai Economy focuses on providing support to the DED Trader license 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.