How to Start a Business Dealing with Buying & Selling, and Servicing Mobile Phones or Mobile Accessories Trading or Mobile Phone Numbers Trading with Meydan Free Zone?

The Dubai market offers various opportunities for Mobile Phones & Accessories traders due to its strong technical capabilities and large consumer base. In addition, the city serves as a regional hub for the electronics industry, attracting international brands, distributors, and consumers.

Mobile Phones & Accessories Trading with Meydan Free Zone refers to buying, selling, and dealing with mobile phones and related merchandise. It involves importing, distributing, and retailing a wide range of mobile devices, including smartphones, feature phones, tablets, smartwatches, headphones, chargers, cases, screen protectors, and other accessories.

This trading activity caters to Dubai’s vibrant consumer electronics market, which has a high demand for the latest mobile devices and accessories. Your Mobile Phones & Accessories trading in Dubai may operate through physical retail stores, e-commerce platforms, or a combination of both. You source products from manufacturers, distributors, and wholesalers and then offer them to consumers, businesses, and other retailers.

Dubai’s Mobile Phones & Accessories Trading sector is highly competitive, with a diverse range of brands, models, and price points available. It is crucial for businesses engaged in Mobile Phones & Accessories Trading in Dubai to comply with consumer protection laws and meet relevant requirements for the import and sale of electronic devices. Additionally, maintaining a good understanding of the latest mobile technology trends and offering high-quality products and services is crucial for success in this industry.

4741.92 Mobile Phones & Accessories Trading

Apply for a trade license under Retail sale of computers, peripheral units, software, and telecommunications equipment in specialized stores and choose the business activity Mobile Phones & Accessories Trading with activity code 4741.92. 

With your Mobile Accessories Trading license from Meydan Free Zone, you can sell and distribute various cellular phones and their accessories. 

You can resell cellular phones that can dial and receive telephone calls and offer an array of services such as text messaging, email, internet access, gaming, and photography. In addition to mobile phones, you can also sell a wide range of accessories that enhance the functionality and convenience of mobile devices. These accessories can include memory cards, car chargers, batteries, leather cases, screen protectors, Bluetooth headsets, and data cables. 

Moreover, you can provide repair and maintenance services for the mobile phones and accessories you sell. This involves diagnosing and resolving issues with mobile devices, conducting repairs or replacements of faulty components, and ensuring that the equipment functions properly.

Exclusions

You cannot sell blank tapes, disks, or music or video recordings with your Mobile Phones & Accessories Trading license.

For example, with your Mobile Phones & Accessories Trading license, you cannot conduct retail sales of musical records, audio tapes, compact discs, and cassettes or cassettes or retail sales of video tapes and DVDs with your Mobile Phones & Accessories Trading license. Additionally, you cannot retail blank tapes and discs.

Terms and Conditions 

The Department of Economic Development (Commercial Compliance & Consumer Protection Sector) has set some guidelines for Mobile Phones & Accessories Trading companies to engage in this business. Therefore, you must follow the below terms and conditions as a Mobile Phones & Accessories Trader in Dubai.

• Sale policy should be declared to the consumer appropriately, including the goods’ return, replacement, or reparation.
• Any fake products or goods on the local market must be reported to the Department.
•  Specifications, numbers, weight, and measurements should be followed in the execution of agreements entered into between the parties.
• Permits and licenses are required to practice the activity in the location.
• Any change of licensed location or relocation must be approved by the Department.
•  Purchased goods must be accompanied by an invoice.
•  The sale of products bearing fake trademarks is prohibited.
•   Any devices not complying with the environment and laws of the country shall not be sold. If devices are exported, the purchaser shall be notified, whether in writing or through a seal, confirming the same. 
• A procedure, amendment, or alteration of license data must be approved by the Department. 
• The promotion, sale, or display of counterfeit goods is prohibited.
• The standardization of country laws regulating the sale and trade of different products must be considered.
• The commercial name mentioned in the license must be similar to the name on the signboard. 
• The reparation of phones and devices shall only occur with the required activity permit. 
• Sales, discounts, and special offers should not be placed without permission.
• Commodities and goods should display their prices.
• The practice of any activity after 12 am requires a permit. 
• If the electronics are subject to any guarantee, the purchaser shall be notified either in writing or through a seal, including the guaranteed items, terms of the guarantee, and causes for the guarantee to be voided. 
• If there is a manual for devices and phones, it should be clearly written in Arabic or any other language, and it should be delivered to the buyer.
• Trademarks must be registered with the Ministry of Economy for protection.
•  Laws that regulate the consumer’s rights must be adhered to, i.e., the phrase “The sold goods are neither returnable nor exchangeable” must not appear on the invoice. The use of credit cards shall not be subject to additional fees.

Third-Party Approval

Mobile Phones & Accessories Trading in Dubai does not require third-party approval. 

4690.94 Mobile Phones Numbers Trading

As a Mobile Phones Numbers Trading business with Meydan Free Zone, you can resell the distinguished numbers of mobile phones obtained from the auctions conducted by the concerned authority.

As a Mobile Phones Numbers Trading business with Meydan Free Zone, you can resell distinguished numbers of mobile phones acquired from auctions conducted by the relevant authorities. You can purchase unique or special mobile phone numbers through these auctions and then sell them to interested customers at a profit.

You can conduct the following business models with your Mobile Phones Numbers Trading licenses.

• Acquiring VIP Numbers: In some cases, mobile phone users are willing to pay a premium for unique numbers that are easy to remember or have specific patterns. For instance, numbers like 12345678 or repeating digits like 88888888 are considered unique and desirable. As a Mobile Phones Numbers Trading business, you can participate in the auctions held by the concerned authorities and secure these VIP numbers. After obtaining them, you can list them for sale on your website, through local retailers, or by advertising through various channels. Interested customers who value personalized or distinctive mobile numbers can then purchase these numbers from you at a higher price.

• Exclusive Series Numbers: Some mobile phone numbers are part of exclusive series, such as numbers with repeating patterns or sequential digits. For example, a series like 050-1234567 to 050-1234599 could be auctioned off. Individuals who want a unique or prestigious phone number often seek these numbers. As a Mobile Phones Numbers Trading business, you can bid for these whole series numbers during the auctions and then resell them to customers willing to pay a premium.

• Special Dates or Combinations: Mobile phone numbers of special dates, such as birthdays or anniversaries, can hold sentimental value for people. Similarly, numbers with specific combinations, like a person’s initials or lucky numbers, can also be in high demand. As a Mobile Phones Numbers Trading business, you can participate in the auctions to secure these numbers and market them to individuals or organizations looking for personalized mobile phone numbers.

Once you have successfully acquired distinguished numbers from the auctions, you can promote your inventory through your physical store, online platforms, social media, targeted advertisements, and collaborations with local retailers. 

Third-Party Approval

The trading of Mobile Phone Numbers in Dubai does not require third-party approval.

ESR  

The UAE’s Economic Substance Test (EST) mandates certain businesses to prove their management presence in the country. They must have UAE-based employees, earn most of their income in the UAE, and maintain assets and expenses there. The Economic Substance Return (ESR) must be submitted within a year after the fiscal year ends. Newly established companies file the ESR the following year if applicable. Note that activities 4690.94 and 4741.92 are exempt from the ESR requirement.

AML  

In the UAE, Designated Non-Financial Businesses and Professions (DNFBPs) must comply with anti-money laundering (AML) laws and regulations and counter financing terrorism and illicit organizations, according to the Ministry of Economy’s standards. An awareness campaign was conducted on April 30, 2021, and existing licensees have already registered for goAML, the AML system. Failure to comply with these requirements may result in fines imposed by the Ministry of Economy. New licensees must ensure compliance after obtaining their license to avoid penalties. Regulations regarding AML do not apply to activities 4690.94 and 4741.92.