Acquiring licenses depending on your business activity and getting them renewed is no small task. It involves time, attention to detail, and a whole lot of tedious documentation. Each license issuing authority issues a license for one year only, and the same has to be renewed every year to avoid legal implications like investor visa suspensions, bank account holdups, and no renewals on employee visas. One would also be incapacitated to do import and export on an expired license, further paralyzing business.
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.
At Avyanco, we assist our customers with company license renewal in Dubai on time, without fail. Also, we send out reminders for the same well before the expiry of the license to avoid last-minute panics like legal implications and penalties.
Avyanco will thoroughly avoid any delay in the process of business license renewal in Dubai so that you will not pay any fines and you can focus on other major business activities of your company.
The cost of business license renewal in Dubai ranges from AED 8000 – 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 business license renewal costs and manage the process effectively.
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:
Please note that these documents are needed for offline and online business license renewal 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.
The three critical steps for the renewal of the trade license in Dubai are:
1. 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.
2. 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.
3. 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.
No, you cannot. Investors must obtain their license based on the nature of the business in the UAE. For instance, a restaurant license must be issued if you want to run a restaurant. If you are conducting trading activities, then a trading license will be required. If you’re into manufacturing, then a manufacturing license must be issued, and so on. Bear in mind that you must get a general trading license in Dubai if you want to trade in multiple products.
Yes, a company trade license must be renewed every year in UAE. The trade license renewal fees should be payable to the Department of Economic Development or the relevant free trade zone.
Company license renewal fees are contingent on the type of business activities, the number of employees, and the office/shop/warehouse’s annual rent.
Avyanco will assist you with the renewal of company trade licenses in the UAE. Contact us for a free assessment to renew your business license in the UAE.
Trading various kinds of goods/products mentioned in the Trade Category of the Activity Classification Guidebook can be done under a general trading license in the UAE. However, activities requiring external approval from government authorities can only be undertaken after obtaining such approvals. Certain trading requires approvals from specific departments – i.e., includes:
Company trade license must be renewed before the expiry of the license, or it must be cancelled by the end of the expiry of the trade license. If renewal or cancellation of the license is not made, then,
