Dubai e-commerce sector sees significant increase: Dubai Economy

Dubai e-commerce sector sees significant increase: Dubai Economy

A recent report by the Business Registration & Licensing (BRL) sector in the Dubai Economy stated that the number of operating businesses in the field of developing and managing e-commerce platforms has reached 1,969 licences in Dubai. The average annual growth rate of new licences in this activity over the last five years was 120 percent, while 2019 recorded the highest growth rate of 183 percent.

Businessmen acquired the highest percentage of licences at 91.3 percent of the total while women entrepreneurs own 4.5 percent of the licences and legal entities (companies) 4.2 percent. The DED Trader licence launched by the BRL sector, which enables start-ups in Dubai to conduct business activities online and across social networking accounts, represented 28 percent of the total licences.

On the legal forms of the licences, Sole Proprietorship leads with 59 percent, followed by Limited Liability Company at 25.4 percent. The legal forms also include Civil Companies, One-Person Limited Liability Companies, Branches of companies based in other Emirates, Branches of Companies Registered in free zone, Branches of Foreign Companies, Branch of a G.C.C Company and Partnership Company.

This growth in the sector underlines the success of the emirate's e-commerce strategy launched by His Highness Sheikh Hamdan Bin