The UAE took the 13th place out of 99 countries that offer infrastructure suited for online business to start and flourish, according to a study conducted by Best Accounting Software, a service that reviews and rates financial software.

Among the criteria taken into account for the ranking were internet coverage and penetration; country wealth and ease of processes (including corporate taxes), and; access to delivery services and skilled workers.

The UAE scored 68.41, a little below the UK and ahead of Belgium. UAE topped in the best mobile internet speed (with average speeds of 129.61 Mbps), best for internet users with 99 per cent of their population using the internet, and best for low corporate tax rates at 0 per cent.

Saudi Arabia scored 53.67 while Kuwait scored 51.39 out of 100.

Denmark was ranked as the best country to launch an online business, followed by Switzerland and the Netherlands. European countries dominated the top 20.

E-commerce continues to grow year-on-year, with eMarketer forecasting global sales worth $6.542 trillion by 2023, accounting for 22 per cent of all retail sales (up from 14.1 per cent in 2019).