The e-commerce market in the Middle East and North Africa (MENA) region, which is currently valued at USD 32 billion, is forecast to reach USD 50 billion by 2025. Foreign investors can make the most of these upbeat statistics by setting up a business in Dubai free zones such as the Dubai Multi Commodities Centre (DMCC). The landscape of business setup in DMCC has now become more conducive to e-commerce start-ups with the recent launch of the e-commerce platform within the free zone.
Business setup consultants in Dubai can help aspiring entrepreneurs launch a company in the e-commerce ecosystem launched by the DMCC. Read ahead to gain some insights on the new e-commerce ecosystem launched by DMCC:
What Is the New DMCC E-Commerce Ecosystem?
The DMCC launched the e-commerce ecosystem in partnership with the storage services company The Box. The e-Commerce ecosystem aims to leverage the growing demand in the e-commerce sector. The DMCC e-commerce system will enable small and medium e-commerce companies to operate from a convenient location with easy access to workspaces, order fulfilment services and delivery options. Entrepreneurs can also benefit from the DMCC’s world-class infrastructure and ease of doing business. Business setup consultants in Dubai can help you start your e-commerce startup in the DMCC ecosystem.
License Packages Provided by the DMCC E-Commerce Platform
DMCC offers multiple license packages for entrepreneurs to start an e-commerce business in Dubai. Each package comes with an attractive price tag and world-class facilities. The following are the e-commerce packages in DMCC:
1. The Basic E-Commerce Package in DMCC
This package comes with a DMCC trade license, 1 desk and more than 3 visas. It also offers benefits such as 50-100 sq ft storage space at The Box, discount on your DMCC company set-up fees, access to networking events, 100% business ownership and capital repatriation, fulfilment services and assistance in bank account opening. The cost of the package starts from AED 40, 915.
2. Starter E-Commerce Package in DMCC
DMCC’s Starter E-commerce Package comes with a DMCC trade license, 2 desks and more than 6 visas. Benefits of this package include 300-750 sq ft storage space at The Box, discount on your DMCC company set-up fees, fulfilment services, 100% business ownership and capital repatriation, access to networking events and assistance in bank account opening. The rates of the package start from AED 71,945.
3. Premium E-Commerce Package in DMCC
This package offers a DMCC trade license, a private office, more than 7 visas and 400-750 sq. ft storage space at The Box. Benefits include a discount on your DMCC business setup fees, 100% business ownership and capital repatriation, fulfilment services, access to networking events and assistance in bank account opening. The cost of the DMCC Premium E-commerce Package in DMCC starts from AED 84,515.
Business Segments Covered by the E-Commerce License
The DMCC will issue a trade license for each company depending on the business activity. However, companies will also have the option to apply for multiple licences. Company setup advisers in Dubai can advise you on selecting the right activities. The following are some of the business segments covered by the license:
- Specific trading activities
- Services such as Payment Services Providers, Delivery Services, E-Market Service Providers etc.
- Consultancy activities such as Internet Consultancy, Advertising Consultancy Services
Value-Added Services under the Package
The DMCC e-commerce ecosystem offers preferential rates for a wide range of services to suit your business requirements. Some of the value-added services are picking and packing, order deliveries, visa services, customs services, multiyear DMCC licences, and banking solutions.
Is Jumping into the E-Commerce Bandwagon Profitable for You?
The DMCC is already home to more than 290 companies in the e-commerce sector including Deliveroo, Instashop, Cafu, Class Pass and JUSTLIFE. More companies are likely to follow suit considering the upward growth in the sector. The UAE e-commerce market jumped by 53% with a record of USD 3.9 billion in e-commerce sales in 2020. This positive growth is on the back of strong internet penetration rates, high possession of digital devices, rising incomes, improving logistic advancements and the presence of global players in the market. If you want to set up an e-commerce business in Dubai, there is no better time than now.
Hire the Best Business Setup Consultants in Dubai, UAE
As the UAE e-commerce market is burgeoning, obtaining an e-commerce license from DMCC makes business sense. However, you may need to properly analyse the costs, activities offered, and facilities before setting up an e-commerce business in DMCC. Business setup consultants in Dubai such as Jitendra Business Consultants (JBC) can help you choose the right activities and select the best facilities that fit your business requirements. We are one of the leading business setup services providers in Dubai with years of experience.