The UAE’s rapidly growing population, increasing disposable income, and technological advancements have created a thriving market for electronics and technology products. Setting up an electronics and technology retail business in the UAE presents a lucrative opportunity for entrepreneurs.
Several factors drive the demand for electronics and technology products in the UAE: The UAE’s urbanisation has led to a significant increase in the demand for electronic devices, such as smartphones, laptops, and home appliances. As more people move to urban areas, they are more likely to adopt new technologies to enhance their lifestyles. The UAE’s growing economy has led to a rise in disposable income, enabling consumers to spend more on electronic products. This increase in purchasing power has fueled the demand for high-quality and innovative devices. The rapid pace of technological advancements has created a constant stream of new and exciting products. Consumers in the UAE are eager to adopt the latest gadgets and devices, driving the demand for electronics and technology retailers. The UAE government has implemented various initiatives to promote technology adoption and innovation. These initiatives have helped to create a favourable environment for the electronics and technology industry.
If you want to set up an Electronics and Technology Retail Business in the UAE, these are the business activities you can choose:
4719.00 – Other retail sale in non specialised stores
This category encompasses the retail sale of a wide variety of goods that do not fall under the more specific categories mentioned earlier. This includes goods that are not predominantly food, beverages, or tobacco. Examples of products that might fall under this category include clothing, furniture, appliances, electronics, toys, sports equipment, and other general merchandise. The retail sale can be conducted through various channels, such as brick-and-mortar stores, online platforms, or a combination of both.
4719.01 – Retail sale of a large variety of goods of which, however, food products and beverages should be predominant, such as: • Retail sale activities of department stores carrying a general line of goods, including wearing apparel, furniture, appliances, hardware, cosmetics, jewellery, toys, sports goods etc.
This category specifically refers to the retail sale of a large variety of goods where food products and beverages are the predominant items sold. While other goods may also be available, they should not be the primary focus of the retail business. Examples of such stores might include supermarkets, grocery stores, or convenience stores that also sell a limited selection of non-food items.
4719.02 – Electronic Cards Trading
This category focuses on the retail sale of electronic cards. These cards can be used for various purposes, such as gift cards, prepaid phone cards, or prepaid transportation cards. The retail sale of electronic cards can be conducted through various channels, such as physical stores, online platforms, or vending machines.
4719.03 – Retail of Smart Systems
This category encompasses the retail sale of smart systems. Smart systems are electronic devices or systems that are interconnected and can communicate with each other. Examples of smart systems include smart home devices, wearable technology, and other internet-connected devices. The retail sale of smart systems can be conducted through various channels, such as electronics stores, online retailers, or specialised smart home stores.
4719.05 – Retail Sale of Encryption Software
This category encompasses the retail sale of encryption software. Encryption software is used to protect data and communications by converting it into a secret code that can only be deciphered by authorised users. The retail sale of encryption software can be conducted through various channels, such as online stores, software retailers, or as part of a larger security solution.
4719.06 – Retail Sale of Smart Machines & Spare Parts
This category focuses on the retail sale of smart machines and their spare parts. Smart machines are electronic devices or systems that are interconnected and can perform tasks autonomously or with minimal human intervention. Examples of smart machines include robots, drones, and automated manufacturing equipment. The retail sale of smart machines and their spare parts can be conducted through specialised electronics stores, online retailers, or as part of a larger industrial automation solution.
4719.07 – Retail Sale of Audio Recorded Media
This category deals with the retail sale of audio recorded media. Audio recorded media includes CDs, DVDs, vinyl records, and other physical formats for storing and playing audio content. The retail sale of audio recorded media can be conducted through various channels, such as music stores, department stores, and online retailers.
4719.08 – Retail Sale of Visual Recorded Media
This category encompasses the retail sale of visual recorded media. Visual recorded media includes DVDs, Blu-ray discs, VHS tapes, and other physical formats for storing and playing video content. The retail sale of visual recorded media can be conducted through various channels, such as movie stores, department stores, and online retailers.
4719.11 – Retail Sale of microelectronic devices
This category focuses on the retail sale of microelectronic devices. Microelectronic devices are small electronic components that are used in various electronic products. Examples of microelectronic devices include microprocessors, microcontrollers, memory chips, and sensors. The retail sale of microelectronic devices is typically conducted through specialised electronics stores or online retailers.
4719.14 – Vehicles Numbers Trading
This category encompasses the retail sale of vehicle numbers. Vehicle numbers are unique identifiers assigned to vehicles. The retail sale of vehicle numbers may be conducted through government agencies or authorised dealers, depending on the specific regulations in the country.
4719.15 – Mobile Phones Numbers Trading
This category focuses on the retail sale of mobile phone numbers. Mobile phone numbers are unique identifiers assigned to mobile phones. The retail sale of mobile phone numbers is typically conducted through mobile phone service providers or authorised resellers.
4719.21 – Computer Equipment Requisites Trading
This category deals with the retail sale of computer equipment requisites. Computer equipment requisites are essential components or accessories used with computers. Examples of computer equipment requisites include printers, scanners, keyboards, mice, monitors, and network equipment. The retail sale of computer equipment requisites can be conducted through various channels, such as electronics stores, computer specialty stores, and online retailers.
4719.23 – Computer Electric Accessories Trading
This category focuses on the retail sale of computer electric accessories. Computer electric accessories are electrical components or devices used with computers. Examples of computer electric accessories include power supplies, cables, adapters, and surge protectors. The retail sale of computer electric accessories can be conducted through various channels, such as electronics stores, computer specialty stores, and online retailers.
4719.24 – Retail Sale Of Information And Communications Equipment In Specialised Stores
This category encompasses the retail sale of information and communications equipment in specialised stores. Information and communications equipment includes various devices used for transmitting, receiving, and processing information. Examples of information and communications equipment include computers, laptops, smartphones, tablets, and networking equipment. The retail sale of information and communications equipment in specialised stores is typically conducted through stores that focus on selling these types of products.
Third-party Approval: 4719.00 needs approval from Sharjah Food Authority, 4719.01 needs post-license approval from Security Industry Regulatory Agency (SIRA) / Waste Department (Sharjah Municipality), 4719.02 and 4719.15 need third-party approval before the license is issued from Telecommunications And Digital Government Regulatory Authority (TDRA), 4719.07 and 4719.08 need pre-license approval from MRO, 4719.14 needs pre-license approval from Traffic Committee (Sharjah).
The other business activities do not require third-party approval.
Filing of Economic Substance Returns: This requirement does not apply to the business activities mentioned in this article.
Anti-Money Laundering Compliance: This requirement does not apply to the business activities mentioned in this article.
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