There are two way you can approach trade license renewal in Dubai, offline as well as online. You can avail any one of these according to your convenience. DED ultimately has the final word irrespective of the modus operandi of the application. With the help of a business setup companies in Dubai like Marqueway business setup service, the application process will just feel like a cake walk and your trade license renewal in Dubai will be done with ease, year after year.
This is also called general trading license or business license. Commercial License is the commonly issued license for company formation in Dubai. This license type relates to businesses indulged in commercial activities or trade activities in Dubai, UAE. These activities mainly include importing, exporting etc. By having this license, the business can avail certain benefits like:
If you are professional with a particular area of expertise then this license is for you. This type of license helps skilled professionals to setup a business in Dubai relating to their field of choice. This license is mainly granted to businesses that are service oriented in nature like healthcare and medical services, accounting, education, beauty salons, management services, IT services, law firms and so much more. It is better to seek help of a business setup consultant in Dubai like Marqueway business setup services as sometimes a business activity could fall under the bracket of both commercial and professional. Top business setup companies in Dubai will guide you through each step and alleviate all confusions of this sort.
Benefits of this professional license in Dubai are:
Businesses that are involved in the production and manufacturing of new products from natural or raw materials are mainly granted the industrial license. Business activities like product manufacturing, food industries, textiles, equipment and engine manufacturing etc. are eligible for this license. The most important thing business owners should remember before applying for this license is to have physical office, warehouse or industrial complex in Dubai.
Benefits of industrial license in Dubai:
Travel and tourism industry is a business sector that is going to boom infinitely and the prerequisite for tourism company formation in Dubai is a tourism license. Any activity related to tourism like vacation homes or apartment rentals, outbound and inbound tour operations, travel agencies etc are eligible for tourism license. This license is issue by the Department of tourism and Commerce management (DTCM) and Department of Economic development (DED).
Benefits of tourism license in Dubai:
There are mainly four types of trade licenses in Dubai. They are:
Acquiring a trade license is a very vital part of company formation in Dubai. Its this trade license that allows you to conduct different business activities throughout Dubai.
There are 2 way you can apply for your trade license renewal, online and offline. Either way DED is the authority that governs over the application process. What you need to do is:
It costs between AED 8000 and AED 15000 for trade license renewal in Dubai. It will vary depending upon the location, type of business activity and the sector the business is based on.
If the license is not renewed on time, there will be a penalty charge of AED 250 and if a business is found without valid licenses then they will be fined an amount of AED 500. The validity of trade license if 1 year and it is highly recommended to renew your license days before the expiry date.
The documents required for trade license renewal in Dubai are: