Company License Renewal
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- 100% Ownership
- Company Formation in 1-2 days
- Minimum Paper work
- Bank Account Opening Assistance
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Overview of Trade License Renewal in Dubai
The diversification of licenses based on various businesses and professions creates a gateway for better regulatory and constructive facilities. Commercial licenses enable trading activities, while manufacturing activities need an industrial license. Professional practices call for a professional license. And, there is the much sought-after tourism license as the UAE offers thrilling experiences to its tourists with its adventure activities, mega shopping malls, beautiful theme parks, and flawless infrastructure, boasting an awe-inspiring skyline, making it a tourist hub and the dreamland for many.
Overview
Documents Required for the Trade License Renewal in Dubai
As mentioned earlier, trade licenses in Dubai are issued to businesses for one year and are subject to renewal annually. If you fail with company license renewal, a late fee implies. So, staying aware of all the document requirements for trade license renewal would be beneficial for you to complete the process on time.
Find a list of all the documents required for the renewal of trade license in Dubai and the UAE
Mandatory
- A typed BR/1 form
- A copy of your valid, current tenancy contract
- A copy of the EJARI Registration Certificate
- A copy of your current business trade license
- Copies of all the business partners’ passports
Please note that these documents are needed for offline and online business license renewal in Dubai.
License Renewal Process
Each Step Process to Renew a Trade License in Dubai
Let’s dive into understanding how to renew a trade license in Dubai, as renewal of a trade license before it expires is advisable to avoid complications. Here we are sharing three key steps that are important to renew a trade license.
Make Sure You Have a Valid Tenancy Contract
This is the first step in renewing a trade license in Dubai. You must ensure that your business/company has a valid tenancy contract (validity be for a minimum of 1 month at least). For the tenancy contract to be accurate, it must be attested by Ejari. If your tenancy contract does not meet these criteria, you cannot start your Dubai business license renewal process.
Apply for Trade License Renewal
Once you’ve ensured that your tenancy documentation is in order, you need to move to the next part of company license renewal – approval from concerned authorities and process renewal of the business license. This can be done both online and in person. You must apply for Dubai trade license renewal at the Department of Economic Development (DED) and submit all the required documents.
Pay Your License Renewal Fees
After submitting your application along with the necessary documents, the DED will provide you with a payment voucher. If your submitted documentation is all in order, you will receive your payment voucher within three or four working days. You need to initiate the payment procedure once you receive the voucher. You will receive your renewed license from the DED as soon as you make the payment.
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How much does it cost to renew a trade license in Dubai?
The cost of trade license renewal in Dubai ranges between AED 8000 and AED 13000; however, it may vary based on the type of business license and jurisdiction. Consulting with Dubai’s best business setup advisors will help you minimize the costs and manage the process effectively.
In case, an investor decides to change office, add or remove a partner or a manager change or change the company name then the licenses call for an amendment that have to be revised and procured from the respective license authority.
We are equipped to make it simple for you. From gathering all the required documents to submitting them and keeping a tight follow-up on renewal periods and changes if needed; Avyanco is distinguished in the business.
Popular Questions
FAQs On Renewals of Trade License in Dubai
How can I start a small business in Dubai?
To start a business in Dubai, you have to follow these steps.
- First, choose an industry and the business activity you will engage in.
- Next, you must identify the legal structure of your business. Take help from a consultant or lawyer in this step.
- Choose a location, such as the Mainland or a Free Zone, whatever suits your business.
- Apply for a legal trade name.
- Finalise the paperwork.
- Apply for a licence and get initial approvals.
- Register your business and open a bank account.
What are the benefits of setting up a business in Dubai?
There are plenty of benefits to starting a company in Dubai, but the key benefit is a Strategic location as Dubai is a trade city that connects different continents, which simplifies the import and export of goods. Therefore, the high-class infrastructure that comes with low corporate tax is a major advantage for investors who want to set up a company in Dubai. Additionally, 100% foreign company ownership is another boost for foreign entrepreneurs because of Dubai’s friendly business environment.
What is the cheapest option to set up a company in Dubai?
The cheapest option to register a company is the IFZA (International Free Zone Authority). The location offers the cheapest Free Zone and General Trading Licence. You can start your company with AED 12,900* here.
How long does it take to setup a company in Dubai?
The timeframe of opening a company in Dubai is 4 to 5 working days but it all depends on different factors such as your industry and requirements of each licensing authority. Some business activities are quicker than the others but in general, it takes only a few days to setting up a new company in Dubai.
Can you own 100% of your business in Dubai?
Yes, you can own 100% of your business in Dubai. In the past, only Free Zones have allowed 100% foreign ownership of businesses in Dubai. However, with a recent amendment, now foreigners can 100% own an LLC business in Dubai Mainland, too. For more information on this topic, you can visit our complete guide.
Which is the most profitable business to start in Dubai?
These are the most profitable businesses to start in Dubai –
- E-commerce stores
- Digital payments
- IT solutions
- Real estate development
- Tourism services.
How can I obtain my Investor/partner visa to stay in Dubai?
To obtain an investor/partner visa, you must set up your own company in Dubai. You must fulfill all the company registration requirements and obtain a trade license. Next, you have to complete all the immigration authority’s formalities to receive your residency visa.
Do I have to renew my company trade license annually in the UAE?
Yes, you have to renew your trade license in the UAE annually. It is also worth noting that you must apply 30 days before the expiry date of the license.
Do small businesses need a license in the UAE?
Yes, all types of businesses require a license to operate legally in the UAE. Operating without a business license is against the law in Dubai.
What are Professional Activities in UAE?
Professional activities are business activities that require a professional license to operate in the UAE. A professional must be qualified or highly skilled to offer such services with relevant expertise. Some professions and services in this category are lawyers, medical experts, legal advisors, business consultants, accounting and auditing service providers, marketers, artisans, and IT service providers.
