It is important to renew your company trade license on time to run your business smoothly in Dubai. If your license is terminated, you can face a daily penalty, and as a result all business activities related to shareholders of the company may also be banned. This is why it is better to avoid delay and handle renewal before the deadline.
Different types of businesses in the UAE require different licenses - commercial license for business, industrial license for manufacturing, and professional licenses for service-based work. There is also a tourism license, suitable for those working in traveling and hospitality, which are constantly growing due to the attractive attraction of the UAE and the strong infrastructure.
We help in making the trade license renewal process easier and hassle-free. Our team reminds you before the expiration and takes care of all stages so that you do not face the stress or legal issues.
What Is a Trade License?
A company trade license is a document issued by a government or local authority that allows a person or company to do business in a specific zone. This indicates that the individual has followed the steps and regulations required to start working in a specific field or business category.
Trade licenses vary depending on the type of work and regulations of the region. In most cases, to get one, you will need to show proof of business ownership, follow local regulations and complete a health and safety inspection. If you do not get your trade license or not renewed, you may face legal issues such as paying a penalty or having your business shut down.
Trade License Renewal Process:
Valid Documents and Paperwork
To renew your trade license in Dubai, UAE, you will need to have all the papers and documents ready. The documents you will need for this process are:
A Copy of Your Passport, Visa, and Emirates ID
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Trade License Renewal Form
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A copy of your passport, visa, and Emirates ID
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A copy of your rental agreement (only if required for your business type)
Renewal Application Form
To start your license renewal, fill out the form created for this. Fill out the form, add the required details, and obtain signatures from all current business partners. Attach all the documents listed above with this form before submitting it for approval.
Get License via Email
After you submit your form, the office checks all your papers. If everything looks good, they will send you a payment slip. You will need to pay the fee using that slip. Once the payment is made, they will renew your trade license. After that, they will email you the new license. Now your trade license is valid again in Dubai, UAE.
Documents Required for Trade License Renewal in Dubai
When you renew your DED trade license in Dubai, you will need to have the necessary papers ready. The documents that you will need to renew your trade license in Dubai are as follows.
1. Lease Registration
You must have a valid lease certificate that shows that your lease agreement has been approved. Without this, you cannot renew your license. Also, penalties may apply if the lease is not updated or active.
2. Previous Trade License Copy
You must attach a copy of your old trade license while applying. This copy proves that you are legally running your business in the UAE and helps in the renewal process.
3. Valid Lease Agreement
Your lease agreement must be active for at least one month before applying. The lease agreement must also be reviewed and approved before you can go for renewal.
4. Photocopy of passport for each business partner
Provide a copy of the passport for each partner involved in your business. If you are running a business alone, share only a copy of your own passport with other documents.
5. BR/1 Form
You need to fill out the BR/1 form for renewal. All business partners must sign this form. Before sending, make sure you have attached the required documents with this form.
After collecting all these papers, you can send your renewal form to the Department of Economic Development (DED). You can choose to apply online or offline. Dubai authorities will then examine and process your request based on the documents you have provided.
Benefits of Renewing Your Trade License in Dubai
You get the following benefits when renewing your trade license in Dubai.
Maintaining Legal Compliance: By renewing your trade license, you are complying with the regulations set by the Department of Economic Development (DED). This protects your business from fines and legal issues that come with an expired license.
Reputation And reliability: When you renew your license on time, people perceive your business as honest and trustworthy. Customers, clients, and partners have confidence that you are following the right regulations.
Visa Eligibility: To renew your residency visa for your staff and their families, you must have a valid trade license. Renewing helps protect your team and retain skilled workers.
Government Incentives And Support: With a renewed trade license, your business can enjoy government benefits, assistance schemes, and programs that promote growth and development in Dubai.
Access to Services: A valid trade license is required for many services, such as banking, renting an office, or signing a contract. Renewing gives you easy access to all these important services without any hassle.
Growth And Expansion: An active trade license helps you explore new opportunities for growth. You can expand your business, open new branches, and easily enter new markets.
How Much Does It Cost to Renew a Trade License in Dubai?
The cost of renewing a trade license in Dubai usually ranges between AED 8000 and AED 13000. However, the final price can vary depending on the type of license you have and the sector you choose. If you talk to good business setup experts in Dubai like DBS Group, they can help reduce the cost and guide you to complete the process properly.
If an investor wants to change offices, add or remove partners, change managers, or update the company name, they must make changes to the license. These updates require the approval of the license office before proceeding.
We help simplify the process for you. Our team collects all the necessary papers, submits them on time, and follows up on renewals and changes. At DBS Group, we take care of the entire process and keep it simple from start to finish.
