Binance Pay partnership allows UAE entrepreneurs to set up business using crypto

[Bitgarden@29]

Binance marked its presence among the Middle East investors by running various licensed operations in Abu Dhabi, Dubai and other regions. Targeting efforts in the United Arab Emirates' (UAE) mainstream corporate sector, Binance partnered with company formation specialist Virtuzone, allowing new entrepreneurs to set up businesses in the UAE using cryptocurrencies.

Virtuzone joins the list of mainstream businesses in the UAE, such as JA Resorts and Hotels and Majid Al Futtaim, to officially accept cryptocurrencies after integrating Binance Pay into its payment gateway. In addition, by providing businesses the option to use crypto, the company intends to reduce barriers to entrepreneurship and support the startup communities.click

[Azizi]

Hey guys! Could you please tell me about e-commerce business registration in Dubai? Thanks in advance for your answers!

[Markeyvius]

Registering an ecommerce business in Dubai involves several steps. First, choose a suitable business structure, such as a mainland company, free zone entity, or offshore company. Next, select a trade name and ensure its availability. Obtain necessary licenses based on the type of products you intend to sell and the target market. Depending on your chosen business zone, adhere to specific regulations and fulfill documentation requirements. Secure office space and fulfill other operational requirements if opting for a mainland company. For a free zone business, benefit from tax advantages and simplified setup processes. Comply with e-commerce regulations, including data protection and consumer rights. Lastly, complete e commerce registration with relevant government authorities, obtain a trade license, and consider opening a business bank account to start your ecommerce venture in Dubai.