If you already have a business in the UAE, then you know the importance of the trade license renewal. All businesses here need the trade license to perform their business activities, be it trading goods, offering services, consultancies, etc.
Do you know what? trade license you are issued to you is valid for one year and must be trade license renewal Dubai yearly.
There are some severe penalties for not trading license renewal in time. In the worst-case scenario, your company might face closure. However, you do not need to worry about that with the help of Company Setup consultants.
We will ensure that you are reminded when your Dubai trade license renewal is due. We will deal with all the relevant trade license renewal governing bodies and ensure that your business is always licensed to perform your selected business activities.
Delay in filing a trade license renewal can lead to a penalty, a ban to the business license, or even freezing all the business activities.
However, it can be a lengthy process if you are not familiar with trade license renewal or Dubai trade license in general. Trade license renewal Dubai requires a bit of document processing. The papers and trade license fees and processing time may differ based on which zone you are applying from. Reading this might raise a lot of questions and concerns.
That is why you have numerous business setup companies who specialize in set up and renewal of trade license in Dubai. Hence, one of the most efficient and reliable ways to get your renewal going would be to take professional help. If you are not sure who to trust, you can definitely reach out to Company Setup Dubai.
If you want to tackle the process by yourself, then here is a guide consisting of everything you need to know about the Dubai trade license renewal process.
What is the Process of DED Trade License Renewal Dubai?
If you want to apply for Trade License Renewal Dubai? then you must have old trade license and documents. The Dubai trade license renewal process is very easy if you have a team of experts helping you through the process. The Company Setup experts have helped countless businesses renew their trade licenses over the years.
If you are new to the renewal process it is highly suggested to get help from professionals in order to avoid expensive mistakes. here’s how to renew trade license in Dubai:
- Ensure the validity of your tenancy agreement
- Get the necessary approvals
- Apply for the trade license renewal
- Submit the required documents
- Complete the license renewal payment
1. Ensure the Validity of Your Tenancy Agreement:
Your tenancy agreement must have a validity of at least three months before you can apply for the trade license renewal in Dubai. If your tenancy agreement does not have a minimum of three months of validity left, then you will have to renew your tenancy agreement and get your EJARI attested before you can apply for the trade license renewal.
2. Get the Necessary Approvals:
Depending on the type of business you are running and the business activities you are performing, you need to get several approvals before applying for the trade license renewal.
For example, if you are running a beauty salon in Dubai, then you will need approvals from the Planning Section and the Health Safety Division of the Dubai Municipality.
3. Apply for the Trade License Renewal:
After you have attained the necessary approvals and ensured the validity of your tenancy agreement, you can go ahead and apply for the license renewal process to begin.
You will need to renew your trade license from the Department of Economic Development in Dubai. You need to fill a form that they will provide during the license renewal process.
4. Submit the Required Documents:
After you have filled the application form that the DED provided, you will need to submit it with the required documents. Here are the documents that you will need to submit to the DED for the license renewal process:
- Tenancy agreement with at least three months validity.
- The certificate of EJARI registration.
- A typed BR/1 form.
- Copies of the passports of all the business partners.
- Copy of the existing trade license.
5. Complete the License Renewal Payment:
After you have submitted all the documents, the DED will issue a payment voucher to you. You need to complete the payment that is connected with the payment voucher. The Dubai trade license renewal is completed after you make the payment.
Documents Required for Trade License Renewal in Dubai
For regulatory purposes, you will have to provide some documents when renewing your business trade license from the Department of Economic Development in Dubai. Here are the documents you will require to Dubai trade license renewal:
- Attested tenancy contract.
- Filled up trade license renewal form.
- Photocopy of your existing trade license.
- Passport copies of all the owners of the business.
- No Objection Certificate is required if it is applicable to your business.
Some other documents might be required depending on the business activities you are pursuing in Dubai.
Trade License Renewal in Dubai Mainland Company
The Trade License renewal for a Mainland Company may appear easy, but it can become complicated when it involves approvals from various public departments other than DED (Department of Economic Development). Normally the following documents are required:
- Current License Copy
- Tenancy Contract Ejari Certificate
- Depending on your activity, certain documents are required for external department approvals.
- The time duration for the renewal of a normal trading license normally takes 1-2 working days. If additional external approvals are
required, the process may take 7 working days.
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