Trade License Renewal
If you are planning to start a business in Dubai then every firm and organization must have a trade license. Like getting a trade license it is also important to renew the license every year. This happens under the supervision of the Development of Economic Department in Dubai. It will be a straightforward process but the documentation procedure is so difficult. Know more about Trade License Renewal UAE from United Business Formations, we can provide you with the best advice. Renewing a license is so important, if the license is not renewed on time then it can cause problems like banning businesses, penalties, and other issues. To renew your trade license in the UAE, you will need to follow these steps:
Visit the Department of Economic Development (DED) website for your emirate and create an account. If you already have an account, log in.
Select “Renew Trade License” from the menu options and provide the required information, such as your license number, business type, and activity.
Pay the renewal fee online using a credit card or any other approved payment method.
After submitting the application and payment, you will receive an email confirming the renewal request.
Wait for the DED to process your application. If approved, your renewed trade license will be sent to you via email or courier.
Once you receive your renewed license, make sure to display it prominently at your place of business.
It’s important to note that the requirements and process for trade license renewal may vary depending on the emirate and type of business activity. It’s always best to check with the DED or a local business consultant for the most up-to-date information.
Documents required for license renewal
The trade licenses issued are valid for one year and they must be renewed yearly. The application to renew the trade license must be submitted 30 days before the expiry date of the license. If it gets late then a fine amount of AED 200 has to be paid. The documents required for Trade License Renewal UAE are,
Ejari registration
To renew a license a registration certificate from Ejari is necessary. If not a fine will be imposed on you.
Tenancy contract with validity
A tenancy contract with a validity of more than a month is essential to renew the license. If your contract doesn’t have a validity of more than a month then the request may get rejected. The contract must be confirmed by the Ejari.
Copy of old trade license
To renew your old trade license you must attach a copy of your old trade license. Mandatory permits that allow to carry out business activities are also essential.
BR / 1 Form
To start the process of license renewal BR/ 1 form must be submitted. To show your involvement in the business.
Copy of passport
A passport copy of each business partner must be submitted.
Methods to renew trade license
Check your tenant contract before renewing your license. Ensure it has a validity of more than 1 month.
File the BR/ 1 form and attach the necessary documents and submit it to the DED. After verification, they will get back to you in a few days.
Once the application gets verified they will get back to you and send a payment voucher to send a renewal fee.
When you make the payment the registration process gets completed and will get a trade license as good as new.