The UAE has emerged as a significant player in the global electric vehicle (EV) market, driven by government initiatives, technological advancements, and a growing emphasis on sustainability. Through this, the retail sale and trading of EVs and charging systems have become a lucrative industry in the country.
In terms of government support, various policies and incentives have been implemented to promote the adoption of EVs, including tax breaks, subsidies, and infrastructure development. This has created a favourable environment for businesses in the EV sector. Similarly, the country is investing heavily in charging infrastructure to make EV adoption more seamless.
The benefits of EVs are widely known, and consumers in the UAE are becoming increasingly aware of these benefits — from environmental friendliness to energy efficiency and lower operating costs. Meanwhile, continuous advancements in battery technology, charging infrastructure, and vehicle design are making EVs more affordable, practical, and appealing to consumers.
These factors have led to a surge in demand for EVs and related products. For an entrepreneur who wants to join this industry, this is the business activity you can choose under your business license.
4742.99 – Electric Vehicles Charging Stations & Systems & Spare Parts Trading
This business involves the sale and distribution of charging stations, systems, and spare parts for EVs. It caters to the growing demand for EV infrastructure as the world transitions towards cleaner transportation options.
Key activities in this business can include charging station sales, system integration for installation, maintenance, and network management, along with spare parts trading, and consulting services to provide expert advice on planning, selection, and implementation.
For example, products and services can include portable chargers for home use, fast-charging stations in public areas, designing charging networks for businesses, and spare parts such as cables, connectors, and power supplies, along with feasibility studies and site assessments.
Third-party Approval: Business activity 4742.99 is exempt from this requirement
Filing of Economic Substance Return: Business activity 4742.99 is exempt from this requirement
Anti-Money Laundering Compliance: Business activity 4742.99 is exempt from this requirement
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