Understand Dubai Trade License Renewal

 Every business and firm running in the land of Dubai and the UAE are required to have a business license. These license gets registered for one year. And that is why we need a renewal of the trade license in Dubai once a year. As the Department of Economic Development (DED) issues company licenses, and they also take care of trade license renewal.

 

Although the trade license Dubai renewal process is simple, if you are a business owner overwhelmed with the process of trade license renewal in Dubai? The guide is for you in which we discuss every detail, such as how, why and cost of trade license renewal in Dubai.

 

Let's Start with Why you Must Renew A Trade License in Dubai

If you're running a business in Dubai, the regulatory authorities mandate that all businesses in Dubai must renew their company licenses well before expiration. If you do not follow the rule on trade license renewal, you may end up paying substantial penalties.

You may also face other negative consequences, such as blacklisting of your company, complications in expanding your business and some other critical issues.


Fortunately, trade license renewal in Dubai can be done in two ways that are both online and in person. It can be easier with the help of business setup consultants who know everything that needs to be done for Dubai trade license renewal.


What are the Documents mandatory for the trade license renewal in Dubai:


Renewal of trade license requires every year as the license get issued for a period of one year. Having a clear idea of compulsory documents needed for company license renewal help you get them ready to follow the process.


Find below the list of all the papers for Dubai trade license renewal:

 

·       An Ejari registration certificate

·       A valid tenancy contracts

·       Your Old trade License

·       BR/1 Form

·       Passport copies of all co-founders


Please note that these documents are needed for offline and online business license renewal in Dubai.

 

Each Step Process to Renew A Trade License in Dubai 2023

 

Renewing your business license before it expires is advisable to avoid complications. Here we are sharing three key steps that are important to renew a trade license:

 

The three critical steps to renew a business license in Dubai are:


  1. Make sure you have a valid tenancy contract


The first step of renewing a trade license in Dubai is to have a valid tenancy contract. 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.


  1. Apply for company license renewal


Once you've ensured that your tenancy documentation is in order, you need to move to the next part of trade license renewal - approval from concerned authorities and process renewal of the business license. 

 

You can apply for company license renewal both online and in person. You must apply for Dubai business license renewal at the Department of Economic Development (DED) and submit all the required documents.


  1. Pay your license renewal fees

 

The DED will deliver you a payment voucher once you submit your application with other required documents. 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.

 

Definitely you would not take a risk of letting your Dubai business license expire. Delaying renewal of trade license can put all your efforts of your business setup in Dubai in a chance of loosing it if not done for long time, and initially it can harm you with cost of fines. But you easily can avoid merely by being aware of your license expiry date and getting it renewed before the

deadline.

 

You could ask someone in your company for the responsibility of company license renewal, or you could work with reputed business setup consultants like Avyanco, who have in-depth experience in such matters.

 

Whatever option you opt, be ensure that your business license in Dubai remains legal so that you do not lose anything.


Required Cost to Renew A Trade License in Dubai?


The cost of business license renewal depends on your business location and activities. A standard range in Dubai is somewhere start from AED 8000 to AED 13000; a specific quotation you can ask from experts of Avyanco Business Setup. The company setup experts can specify the estimated cost quotation after getting your business requirements.

Connect with Avyanco Business Setup for the Renewal of Trade License in Dubai

Avyanco is one of the leading business setup consultants in Dubai. We offer both comprehensive and customized solutions for all the business services in Dubai that includes Dubai trade license renewal service also. By assigning the complicated outside tasks like renewal of trade license we help our clients to be focused on their business activities and growth year by year. Call Avyanco today at + 971 4 240 5000 or you can WhatsApp us at +971 50 398 9000. Email support is available at info@avyanco.com

Location: Dubai - United Arab Emirates

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