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.
That is why it is important to know about the trade license renewal Dubai.
There are some severe penalties for not renewing your trade license 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 Trade License Renewal Dubai?
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 are the steps in the trade license renewal process 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 renewal of your trade license. 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. That is why it is advised not to wait until the last moment to renew your trade license.
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.
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