Trade license Renewal in Dubai, UAE

Trade license renewal in Dubai is one of the important procedures that you should be fully aware of. In order to trade and carry on your business setup, it is important to have timely trade license renewal. This is issued and renewed by the Department of Economic Development in Dubai. For that, you have to submit essential documents before them. If it’s not done accurately, the process may feel daunting and time-consuming. Proper documents and paperwork are mandatory for getting the timely license renewal done right.

Don’t let the mistakes block your way. Marqueway business setup consultants are all set to provide all the guidance for trade license renewal in Dubai. Before that, let’s take a look at the important documents that you need for the renewal process.

Documents that you need for trade license renewal

1)  Attested Tenancy Agreement Submission:

The submission of an attested tenancy agreement to the Department of Economic Development (DED) is a crucial step in Dubai trade license renewal. The contract must be valid for at least one month and granted by Ejari, with all details accurately included. Failure to comply may result in legal obligations and potential cancellation of the trade license renewal.

2) BR/1 Form Importance:

The BR/1 form is another vital document for Dubai trade license renewal. It requires the signatures of all business partners before submission to the Department of Economic Development. Accuracy in filling out the details is paramount, as a simple mistake could adversely affect the renewal process.

3) Presentation of Original Trade License:

To apply for trade license renewal in Dubai, it is essential to present the original trade license to the DED. This document holds paramount importance as it validates your business setup in Dubai, UAE.

3) Critical Role of Ejari Documentation:

A valid certificate from Ejari is indispensable for license renewal in Dubai. Ejari, introduced by the Real Estate Regulatory Agency (RERA), validates your contract with the landlord and includes all rental agreements. Failure to furnish Ejari documentation may result in fines.

4) Passport Copies of Business Partners:

Before initiating the company license renewal process, make sure to carry the passport copies of all business partners. Alternatively, you can submit your own passport copy if the partner’s copies are unavailable. This ensures compliance with SEO guidelines for a smoother renewal process.

The process after documentation of a business license renewal

Once you have gathered all the required documents, proceed to submit them to the Department of Economic Development. You have the option to choose between online and offline modes of submission. Following the submission of the necessary documents for trade license renewal in Dubai, the Department of Economic Development will scrutinize their validity and confirm their genuineness.

Upon clarification, the DED will issue a payment voucher. Subsequently, you can proceed to make the payment and renew your trade license in Dubai. This streamlined process ensures a hassle-free renewal experience for your business.

Trade license renewal fees in 2024

The trade license renewal fee in Dubai represents a government-imposed charge for the renewal of your business license. The exact amount varies depending on the license type and industry. Typically, for a standard license, the Department of Economic Development (DED) renewal fee falls within the range of AED 8,000 to AED 15,000. It includes an additional service charge or local service agent fee. It’s essential to be aware of these fees as part of the overall renewal process for your business setup in Dubai.

Contact Marqueway business setup consultants in Dubai

If you find the process of trade license renewal in Dubai daunting, worry not, as Marqueway business setup consultants are ready to assist you. Our team consists of business setup experts with a solid background in turning business dreams into reality. You can fully concentrate on your business, while we handle the legal procedures with precision. Don’t hesitate any longer; contact us now to make your business journey smoother and more enjoyable.

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