In general, electronic commerce (EC) or e-commerce is defined as business transactions that are carried out electronically on the Internet, intranet, extranet, world wide web, by e-mail and by fax. These transactions do not have to be priced and include both sales and items such as free downloads. All transactions can be carried out on a global level. Simply put, e-commerce means buying and selling goods online. It also includes other types of business transaction-related activities. Recent and upcoming branches of e-commerce include mobile commerce, which sells goods through various mobile devices, and Facebook commerce, which provides an audience for business. E-commerce involves the creation of new value-adding business structures and business relationships between companies, their customers and suppliers. Examples of e-commerce stores The best examples of e-commerce are: online shopping (e.g. Amazon.com), electronic payments (e.g. PayPal), online auctions (e.g. eBay), online ticketing (e.g. Ecolines) and internet banking (online bank accounts). It can be done in two ways - business-to-business (B2B) transactions between merchants, retailers and manufacturers on both sides, business-to-consumer (B2C) between businesses and consumers, and between consumers (C2C) where both parties involved in transactions create barter deals. The third type of e-commerce transaction can clearly be called auctions. There are several ways to do business: email exchanges, online catalogs and digital coupons, shopping carts operated using operating system software to enable consumers to purchase goods and services, and to easily track customers by all commercial aspects are grouped together into a coherent whole, file transfer, social media marketing, targeted advertising and other web services. Brief overview of the e-commerce industry E-commerce helps save time by speeding up the entire sales process, ensuring a greater selection of goods in one place, remaining available around the clock, finding target groups, creating and accepting business offers and also lowering transaction costs. This means that there are no time or distance barriers when using the network. However, it is still not possible to do some important things with this type of business. Consumers as well as retailers and dealers cannot touch the goods right away and experience the interested articles tangibly. Businesses began using electronic data to exchange their business in the early 1690s. In 1979 the American National Standards Institute developed a universal standard for companies to exchange business data over electronic networks called ASC X12. The entire industry took off in the 1990s with the development of amazon.com and eBay. The past 5 years are considered nutritious for Internet business transactions. According to the US Department of Commerce, web sales were $ 341.7 billion in 2015. Ecommerce helps keep things simple while having fewer restrictions. It helps boost business, build marketing automation systems, and manage sales and communications with customers and business partners remotely. Top jurisdictions for starting an e-commerce business Certain jurisdictions have some beneficial advantages for e-commerce businesspeople and international online merchants. England, for example, has a mature investment and banking industry that enables online trading and provides a bridge between the US market and companies looking forward to entering the market. France has its own minister for digital business (Axelle Lemaire) by creating a brand (La French Tech) to promote French startups internationally. Germany and Berlin in particular enjoy a lot of attention from famous tech multinationals such as Google Campus @ Factory. The top 10 e-commerce markets by country also include China (rating 1), USA (rating 2), Japan (rating 4) and South Korea (rating 7). These assessments were made in 2014 and are based on statistical data that reflect the level of total online sales. https://www.confiduss.com/en/services/incorporation/purpose/trading/

The United Arab Emirates or the UAE offer a unique combination of a high quality lifestyle, a fast growing economy and high standards of comfort and safety. The UAE authorities have built the country a reputation as a global business hub by creating different zones for business incorporation and trading. For example, the UAE free trade zones, or simply free trade zones, were developed to boost international business and are usually industry-specific or attached to ports or airports. These free trade zones offer the opportunity to set up an offshore company in a location with highly developed infrastructure for the banking and financial sectors, business, tourism and entertainment. In addition to facilities for children and young people such as kindergartens, schools and international universities, the free trade zones offer a high standard of living, security and stability. A major restriction is the ban on trading in the UAE market. An offshore company in a free zone can only operate in the local business market through a local dealer. Another very good reason to choose the UAE as the right place to start your business is that offshore companies benefit from attractive legislation to protect investor interests and special tax regulations with 0% VAT, corporation and income tax. Like many Middle Eastern countries, the UAE earned most of its wealth from the oil industry. Although the UAE's oil industry is no longer the main source of income, the country can still afford to live a tax-free life to attract international businesses and workers that further enrich and diversify the economy. The Vice President and Prime Minister of the United Arab Emirates once stated that his country would never introduce an income tax to tackle the deficit. In addition, no tax is levied on capital gains, inheritance or rental income. Offshore companies based in one of the free trade zones must comply with the laws of that zone. Incentives can also vary; Most free zones offer 0% corporate tax as one of their many incentives, provided the company does not deal with residents of the jurisdiction. Following IMF suggestions that applying VAT could help diversify the UAE's economic resources, it has been announced that 5% VAT will be introduced in the UAE from 1 January 2018. Certain food items, education and health items, bicycles and social services will be exempt from VAT. The UAE's economy is steadily growing and is projected by the IMF to expand at a rate of 1.5% in terms of real GDP in 2017 . It is currently the third-largest re-exporter in the world, and the Abu Dhabi Fund for Development is considered to be one of the largest stabilisation funds in the world. What's more, Dubai has undertaken various measures to develop all sectors of its economy, thanks to which oil revenue now accounts for less than 20% of total income, with the rest coming from the business and financial sector, air travel, tourism, transport logistics and education. The UAE accounted for 62% of all private equity investment in the Middle East and North Africa by value and 34% by volume of deals in 2016. These positive changes were driven mainly by a great increase in investment in technology-related sectors — FinTech, IT and ecommerce in particular. The number of disclosed private equity investments reached 244 (the highest figure since 2008), with the largest deal of 350 million USD raised by Careem, a regional provider of transport services headquartered in the UAE. http://www.confiduss.com/en/jurisdictions/united-arab-emirates/business/