DUBAI: As many as 13,430 trader licenses, which enable freelancers and start-ups to conduct business activities online and across social networking accounts, have been issued by Dubai Economy’s Department of Economic Development (DED) from Mar 2017-Jun 2021.
The DED Trader license was launched by the Business Registration & Licensing (BRL) sector of Dubai Economy.
Dubai Economy also reported that 3,243 DED Trader licenses were issued during the first half of 2021, a growth of 63% compared to H1 2020, when 1,989 licenses were issued. Males accounted for 63 percent of the total DED Trader licenses issued during H1 2021 with IT topping the list of activities of the licenses issued followed by readymade garments, ladies tailoring & design, handicraft workshops.
In a statement, Dubai Economy said it focuses on providing support to the DED Trader license holders by signing partnerships with government and private sectors, providing facilities for their business growth as well as opening new channels by enhancing cooperation with major sales outlets.
A DED Trader license entails a holder the membership in Dubai Chamber for commercial activities, bank facilities and other benefits.
