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RAKDED Launches Virtual Merchant License

Wednesday 23 May 2018

In line with the increasing global trend towards e-commerce, the Department of Economic Development (DED), within its stimulus package, recently launched the Virtual Trader Initiative, in line with the RAK Government's intention to activate e-business in the emirate's business sector. Take advantage of Internet sites, social media channels and smart applications. The Director-General of the Department, Dr. Abdulrahman Al-Naqbi, said that the need to regulate and encourage the practice of business through modern technical means in the context of the general approach of the State in regulating and monitoring the application of commercial protection standards, especially for the consumer in the electronic commerce sector, , And define their obligations. Al-Naqbi explained that the launch of the Virtual Trader initiative was meant to support entrepreneurs managed through social media channels, websites and smart applications, as well as facilitating business practices and business continuity, enhancing competitiveness and sustainability of youth projects in the emirate. Deputy Director General of the Acting Department, Mohammed Al Mahmoud, said that the scope of the Virtual Trader initiative includes all commercial projects managed by social networking sites, smart websites and applications by citizens of the UAE and those who are residents of the UAE. In Ras Al Khaimah, those who take these methods are a way to conduct their home-based business. The activities to be licensed under this initiative include most of the electronic retail business, activities related to information technology and computer, as well as commercial and real estate brokerage, advisory and professional work done electronically, as well as information activities through the means of technology.


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