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Space:physical space where you can set up your online business operations. office space, a co-working space, or even just a dedicated area in your home. The key is to have a functional setup that meets your business needs while keeping costs low.
Ejari-like Contract: Ejari is a system in the United Arab Emirates (UAE) that regulates the relationship between landlords and tenants. A contract similar to Ejari would provide you with legal documentation of your tenancy agreement for your workspace. This ensures that your rights as a tenant are protected and that you have a formal agreement in place.
Trade License Process: To operate a business legally, you'll likely need to obtain a trade license. This license allows you to conduct business activities within a specific jurisdiction. The process for obtaining a trade license can vary depending on your location and the nature of your business. It typically involves submitting necessary documents, paying fees, and complying with regulatory requirements.
Bank Accounts: Setting up a bank account for your business is essential for managing finances, receiving payments from customers, and handling expenses. Look for banks that offer business account services tailored to small businesses and startups. Some banks may also provide additional perks or benefits for new business account holders.

Overall, by securing a suitable workspace, ensuring legal compliance through contracts and licenses, and establishing proper financial infrastructure with bank accounts, you can effectively launch your online business while keeping costs manageable.