When a company is established in Dubai, you will receive a trade license. Trade license is legal document allows your company to conduct the activities listed in the trade license.
A trade license must be renewed every year to remain valid. Delay in the trade license renewal may cause serious impacts but not limited to freezing the business activities dismiss the license and also the company will be subjected to fines.
DOCUMENTS FOR TRADE LICENSE RENEWAL IN DUBAI
- Typed (BR/1) form
- The Tenancy Contract and Ejari registration certificate.
- Passport copy of all the Business Partners.
- Copy of current business/Trade License.
TRADE LICENSE RENEWAL PROCESS
- Ensure that your company’s tenancy contract is valid for a period of at least one month from the application date. Be sure to process your company’s tenancy contract renewal before submitting your trade license renewal application to the DED.
- Submit your application with all required documents at a DED service center.
- Receive your payment voucher from the DED and process your payment.
As soon as the payment is made, the renewed license will be printed and made available to you. If the correct documentation is provided, you will receive your payment voucher within three to four days.
ONLINE TRADE LICENSE RENEWAL
The DED recently launched online portals for businesslicense renewal. In order to use the online service, Owner of the company needs to setup an account prior to using the portal. The owner must submit personal documentation to the DED in order to activate the online account and use the system. The portal also allows owners to make online payments, but the registered payment account must be under the owner’s name.
Though the license renewal process may seem straightforward, if there has been any change to the business (new shareholders, change of premises, different local sponsor, etc.) the process will be different, and more complicated.
Danburite Corporate helps you with Trade license renewal, changing sponsors, and etc. For more details please write us on info@danburite.ae, Call us on 0568080092
