What are trading platforms dubai


Unlike Dubai mainland which is subject to the CCL, free zones have their own set of regulations when it comes to licensing business activities. Traders will have the opportunity to obtain a license for their online trading platform. Some may what are trading platforms dubai that an online business does not need to have a registered office nor does it need to employ staff in the UAE to carry out any activity on the ground, thus, Article and Article do not apply. Typically, if a company is licensed to trade in a particular industry, that trading license will qualify the company to also trade online.

Free zone companies cannot conduct commercial activities outside of the free zone. Typically, if a company is licensed to trade in a particular industry, that trading what are trading platforms dubai will qualify the company to also trade online. In practice, there may be many unlicensed online platforms trading across the UAE. Some may argue that an online business does not need to have a registered office nor does it need to employ staff in the UAE to carry out any activity on the ground, thus, Article and Article do not apply.

However it cannot be guaranteed what are trading platforms dubai the regulator will not identify these unlicensed online traders and impose a penalty between AEDto AEDIn practice, there may be many unlicensed online platforms trading across the UAE. Therefore, for a trader to freely trade and sell its products online, into the wider UAE, the trader must also obtain a license to do so from the DED.

It involves co-ordinating with payment service providers which offer online electronic payments by a variety of payment methods including credit card, smart cards and digital money E-cash. The conditions are that the license holder must be a UAE national, over the age what are trading platforms dubai 18 and the what are trading platforms dubai cannot be used to open a physical store, nor can it issue visas. An E-Trading license provides traders the opportunity to sell to the general public over the internet without needing any human interaction, using any of the applications that rely on the internet. When activities are conducted via an online platform, it generates a lot of confusion in terms of whether or not these activities constitute conducting commercial activities within the UAE, given that they are online.

In short, a free zone company with an E-Commerce activity can only act as a middleman, unless it also obtains a license from the DED to allow the what are trading platforms dubai zone company to trade freely across the UAE. Some may argue that an online business does not need to have a registered office nor does it need to employ staff in the UAE to carry out any activity on the ground, thus, Article and Article do not apply. Free zone companies cannot conduct commercial activities outside of the free zone. In practice, there may be many unlicensed online platforms trading across the UAE. Article 6 of Law no.

In practice, there may be many unlicensed online platforms trading across the UAE. Some free what are trading platforms dubai do offer E-Commerce activities, but the scope of a free zone E-Commerce activity is limited to facilitating a sale through an electronic medium, rather than directly conducting retailing activities. What are trading platforms dubai, for a trader to freely trade and sell its products online, into the wider UAE, the trader must also obtain a license to do so from the DED. In short, a free zone company with an E-Commerce activity can only act as a middleman, unless it also obtains a license from the DED to allow the free zone company to trade freely across the UAE. The strict approach is that in order to conduct any commercial activity within the UAE, the appropriate license must be obtained.