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July 18, 2020
Many countries around the world face disruptions in supply chains and other challenges due to the impact of Covid-19. While others see obstacles, many envision opportunities and are looking for reliable trading partners.
Dubai has numerous benefits and holds high positions in many rankings for the ease of doing business, security, location, legislation, low tax regime. These are the top advantages considered by many overseas businesses which are looking to expand internationally.
Dubai Economy Department, the authority for business licenses, had announced recently that it saw an overwhelming response for its DED Trader license service. As it has been issuing 1,947 licenses in the first half of 2020 as compared to 1,064 in the same period last year, an increase of 83%.
The total number of DED Trader licenses issued in June reached 577, an increase of 163 percent compared to June 2019, when 219 licenses were issued. The DED Trader licence enables start-ups in Dubai to conduct business activities online and across social networking accounts.
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