Trade License Renewal in Dubai, UAE: A Gateway to Sustained Growth
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.
1,000 's of Businesses Worldwide Trust Us!
4.4/5.0
5.0/5.0
3.8/5.0
Possible Penalties
- You may lose a business if you fail to renew the trading license on time. Hence, it is essential to renew it before the expiry. You may assign this task to a business consultancy agency if you do not want to miss the deadline. These professionals can assist with the registration and timely renewal of the trade license alongside performing various other tasks during or after a company formation in Dubai
- The Department of Economic Development (DED) has various penalizing policies if a business operates without license or fails to renew the license. A business is also penalized if there is a delay in payment. DED imposes a monthly fine due to failure to renewal of the license
- The UAE government blacklists a business if it continues to operate without having a valid license
- It may restrict a business from expansion if it does not renew the license on time
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
Our Clients
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.
We help shape your ideas and turn them into real businesses.
Conclusion
- 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
We’ve been helping Customers globally.
Book a consultation appointment with our professionals now.
What Our Customers are Saying
Let us Help You Today!
We'd be happy to discuss your needs and provide you with a quote.
