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Timely trade license renewal in Dubai is essential for all aforementioned licenses, as your company will be penalized otherwise. Additionally, when it is about the license renewal of companies in Free Zone, it is important that they have valid licenses always. To avoid any interruption in services, the UAE government sends in notifications for renewal along with the procedure guidelines. For renewing of the Free Zone license, documents related to the parent company or the corporate shareholders is needed. Apart from that there is a plethora of pertinent documents that will be needed, such as the renewed lease agreement, application forms to the renewal of membership to the Chamber of Commerce, shareholder details etc. For individual shareholders, an FZE or Free Zone Establishment valid license is mandatory after registering a company. The policies and penalties remain the same as for free zone companies. There are penalties if the license is not renewed before its expiry and fees applicable when the license renewal is done. However, to assist you through the process of renewal of the Free Zone license, Intuit Management Consultancy can be of assistance.
The trading license is available through the Department of Economic Development of Dubai and the following trading licenses are available through this department.
Checking the validity of a business’ tenancy contract is the first step to applying for the trade license renewal in Dubai. Alongside having validity of at least one month, this contract needs to be attested by the Ejari. This is an online registration system of RERA (Real Estate Regulatory Agency) in UAE.
Having approval from the concerned authorities is essential if you want to run a business in UAE or want to renew the license. You need to apply for license renewal with all necessary documents after checking the validity of Tenancy Contract. It is essential to submit the following documents when applying for the renewal of trading license in UAE.
DED is going to provide the business with a transaction number or a payment voucher once the company representative submits an application. This transaction number will be used as a reference number until the renewal of license. The payment voucher is used in order to make payment for the license renewal fee.
Our clients will receive a renewed license immediately after paying the fee. It is essential to renew the trading license before it expires, as a delay in the process of renewal will result in a hefty fine.
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