Is Your Online Business Exposing You to Violations?
DUBAI//One of the top profitable and low scale business ideas that most are being hooked on is, E-Commerce or in simple terms, the Online Business. As the era dives into a more Web-based setting, people adapt to the change and develop opportunities to learn, to survive, and yes to earn money. Online business lets you start a business for the least AED 250 by simply putting up different Social Platforms accounts that connect your business to a wide array of customers all over the globe. Starting an Online business is a wise move but what if your business is at risk of violating UAE Commercial laws?
A lot of home-based part-time or full-time entrepreneurs are thriving into this trend with less to none knowledge on the legalities of opening and running a business in the UAE.
Under the DED List of Commercial Compliance Fines, it mentions there that practicing a business activity without a license is answerable to pay a fine of AED 5,000” and can even be higher.
Cost and hassle are the considerable factors why people opt to keep their online business secretly. However, there are more unrealized consequences of not getting the proper business license and permits.
UAE has come up with various flexible options to Entrepreneurs who would want to venture legally in the country. Savvy Setup, a well-experienced Company Formation Specialists helps your business setup in Dubai, and will arrange and advise you the cost-effective and law-abiding packages for your startup. Obtaining a business license or permit will consume time and squeeze your funds but this guarantees that business is operating legally, personal assets are protected, business credibility is established, and gives little space for penalties and fines.
Earning extra is smart but ensuring you and your business’ future is WISER!
Get your Savvy advice now by sending your inquiry at email@example.com or by contacting us at 00971 45530960.