Business

Dubai records 83% growth in DED Trader licences in H1 2020

Written by The Frontier Post

DUBAI (Agencies): Dubai Economy on Saturday said that it saw an overwhelming response for its DED Trader licence, issuing 1,947 licences in the first-half of 2020 as compared to 1,064 in the same period last year, an increase of 83 per cent.

The total number of DED Trader licences issued in June reached 577, an increase of 163 per cent compared to June 2019, when 219 licences were issued. The DED Trader licence enables start-ups in Dubai to conduct business activities online and across social networking accounts.

Dubai Economy launched the DED Trader licence to promote e-commerce and the competitiveness of Dubai’s economy, as well as to realise the vision of the government to drive digital transformation and build awareness about e-platforms that facilitate commercial activities.

The total number of DED Trader activities is 382, and the number of permitted activities in a single licence is 10, provided that they are consistent within the same group category. “Lifestyle Coaching” topped the list of activities issued since the launch until end of June 2020 followed by “Marketing Services Via Social Media”; “Portal”; “Social Media Applications Development & Management”; “Perfumes & Cosmetics Trading”; “Marketing Management”; “Project Management Services”; “Web-Design”; “Ladies Wears Tailoring & Embroidery”; and “Readymade Garments Trading”.

“Information Technology” group, which includes 17 activities, topped the list of activity groups followed by “Fashion” (33 activities); “Other Personal and Trading Services” (13); “Ladies tailoring and design” (3), “Preparation of Food” (7); “Commercial brokerage” (2); “Event organizers” (8); “Handicraft workshops” (13); “Electronics group” (17); and “Exhibition organizers” (5). The total number of DED Trader licence groups is 82.

Through the DED Trader licence, Dubai Economy seeks to regulate and enhance ease of doing business electronically, find a platform that supports and develops trade as well as connect customers with traders. The licensee cannot open a shop/store but can avail of three visas if the ownership is 100 per cent Emirati and legal liability falls under the licence holder. The licence is issued electronically.

The benefits of getting a DED Trader licence include getting Dubai Chamber membership for commercial activities, benefitting from bank facilities; getting Customs Client Code, which facilitates import and export via dubaitrade.ae; temporary employment services; participation in exhibitions & conferences and training workshop; displaying of products in consumer points of sale and providing work space.

Dubai launches Marine Agency to regulate dhow sector

The Ports, Customs and Free Zone Corporation (PCFC), in cooperation with the Dubai Maritime City Authority (DMCA), have launched the Marine Agency to oversee wooden dhow ships and regulate all their activities while they’re in Dubai waters.

The agency is an organisational unit managed by PCFC and works according to regulations in coordination with government authorities. The move is part of PCFC’s constant efforts to strengthen Dubai’s trade environment and maintain the emirate’s status as a global maritime trading hub that attracts different trade sectors from neighbouring countries.

Dubai is a key destination for dhow ships carrying various types of merchandise and goods from several countries in the Middle East and North Africa (Mena) region. Each year, dhows transport over 720,000 tonnes of goods. The move also aims to consolidate the safety and security of dhows in Dubai waters.

Sultan Ahmed Bin Sulayem, chairman of the Ports, Customs and Free Zone Corporation, said: “The responsibilities of the Marine Agency will not be limited to following up on transactions and collecting fees. Rather, its main responsibility will be to develop the current dhow trade sector by proposing legislations and regulations to develop their operations to gradually use electronic services and smart trade solutions to expedite the procedures. The agency is also responsible for looking after the interests of the dhow owners and ensuring the safety, security and rights of seafarers while in Dubai.”

Bin Sulayem added: “Since the establishment of Dubai, dhows have played a distinguished role in its trade. Our ancestors used dhows to travel the world and bring all kinds of goods, food, and life necessities. However, the glamour of giant cargo ships made people forget dhows and their important role in trade. At PCFC, we are reviving and strengthening this sector by establishing the Marine Agency, which will facilitate entry and exit of dhows and their crew as well as complete their procedures at the competent government authorities.”

He noted that the agency will also be responsible for protecting the rights of local dhow owners and taking care of foreign dhows.

The Marine Agency will be the only entity responsible for dealing with dhows during their presence in Dubai waters. It will collect fees, wages and expenses due to the concerned government authorities from dhow owners or operators and pay them on their behalf. The agency will also monitor seafarers’ work as dhows are docked at the ports and harbours until they depart. The agency will coordinate with the relevant government authorities on marine safety of dhows, and coordinate with the competent authorities in case of any marine accidents or emergencies.

The agency will also collaborate with relevant government entities to facilitate its tasks and operations in Dubai waters, including Dubai Police, the General Directorate of Residency and Foreigners Affairs, Dubai Customs, Dubai Municipality, the Roads and Transport Authority, the General Authority of Ports, Borders and Free Zones Security, Coast Guard and the Dubai Civil Defense. The agency is also responsible for forming joint task forces to deal with accidents, crises or disasters to ensure maritime safety of dhows in Dubai waters and improve the services offered to them. It will also ensure that dhows comply with the safety and security requirements and that seafarers have all firefighting equipment and rescue tools.

The Marine Agency will help dhow owners develop their business by saving their time and reducing the number of transactions to clear their goods. It will also provide them with one point of contact, offering them multiple trade options such as long-term contract opportunities for their services. All local and foreign dhow owners will have to register their ships with the agency and follow its rules for sailing and carrying out shipping and loading operations in Dubai ports.

The agency will also implement transparency of service fee applicable to local traders, and will be responsible for several services including cargo handling, ensuring goods safety and damage control during discharge/loading, and berth booking.

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