Trade License Renewal in Dubai, UAE: A Gateway to Sustained Growth

How to Renew your Trade License in UAE
It is important to know the rules of trade license renewal in Dubai, if you want to run a business in this region. The strategic location has helped UAE become the top business gateway for the Middle East and Africa. It follows a diversification policy in economy and this policy is responsible for the booming trade activities of this city. There is a lucrative trading market for all types of products in UAE. However, it is crucial to have a trading license if you want to invest in the market. It is equally essential to renew the license on time.
How to Renew your Trade License in UAE

Free Zone License Renewal

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.

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Possible Penalties

The trading license is available through the Department of Economic Development of Dubai and the following trading licenses are available through this department.

  • Industrial License
  • Professional License
  • Commercial License
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Steps of License Renewal in UAE for LLC companies

Authentic Tenancy Contract

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.

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The trade license renewal in Dubai can be performed in two different ways.
  • You can renew the trading license through offline sources. In this scenario, the authorized service agents will handle the entire procedure pertaining to trading license renewal
  • If you want to renew the trading license, we can help you navigate through the online license-renewal process. Our knowledgeable staff knows the stringent procedures and will customize it in order to cater to the requirements of your businesses
If you are looking for assistance in company formation or registration in UAE, we’d be glad to be of assistance. Call Intuit Management Consultancy (IMC Group) today.
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Tel: +971 4 3709963