Renew Trade License Online in Dubai, UAE: Fee, Process
To-Do Business Activities in Dubai you should know about how to renew trade license in Dubai Which is full of business opportunities due to its good economic and legal development. If you are a trader and have an established business in Dubai, then you must have a trade license. It is important for you to know that licenses are not a one-time thing and if you want to continue your operations, you must renew trade license in Dubai. In this article, we will explain the whole process, the documents you will need, and give you all the information you need to renew your trade license in Dubai. Let’s check the content we have prepared for you: 1. Trade license in Dubai Anyone wishing to establish a business in Dubai mainland must comply with a series of rules and requirements that the State demands the company to be legal. This means that the State will assign the requirements according to the business activity of the company. One of the most common is the trade license in Dubai which is used to trade, import, or export products and services. It is worthy of note that the traders must renew these licenses from time to time. And it is the trader’s responsibility to keep the license in force. Otherwise, they will have to pay penalties and fines that will damage their business. So, the State requires documentation and the fulfillment of processes for the trader to renew the trade license in Dubai and you should know the Types of trade licenses and the Dubai trade license cost 2. How do you know if you should do Trade Licence Renewal Dubai? The following are three ways to know whether or not you should trade license renew dubai: The first is by checking the expiration date on the original trade license documentation. This way you will be able to know from which date you can renew it. The second option is to ask the company’s training agent, who should have all this information. Finally, you can check the status of your trade license online. 3. Documents required for Trade Licence Renewal Dubai. In order for the traders to renew the trade license in Dubai, they must have the following documents. Photocopy of your trade license. Certified lease contract (must be valid for no more than three months). Photocopy of passports from business partners. BR/1 form that complies with all the rules. Typewritten renewal form. The Ejari registration certificate. 4. What is the process for Dubai Trade License Renewal Online? It is important to know that there are a series of steps to follow to trade license renewal dubai. We will mention them down below: Firstly, you have to gather and order all the necessary documentation. For the renewal process, it is necessary for traders to have all the documents up to date. There are some of them that require preparation time. Such as the lease contract that must have at least one month of validity. Otherwise, the trader will not be able to renew the trade license. Secondly, be aware of traders can apply for the lease. They must use Ejari, which is an online registration system where they must register all Dubai leases. Thirdly, make and complete the renewal form. To trade license renewal dubai, the traders must fill a form with the name BR/1. And complete all the details that appear there. Then, obtain the permits that are related to their business. Traders must acquire all the permits corresponding to the commercial activity they decide to develop. Depending on the type of business, they must apply for and obtain some approvals to trade license renewal dubai. Moreover, submit all documentation. All required documentation, including the BR/1 form. Besides, traders must submit copies of the passports of the company’s partner to the Department of Economic Development (DED) for approval. Finally, make the payment for the renewal of the trade license in Dubai. Once the trader completes the process of sending the documents the Department of Economic Development evaluates the application. In case the DED approves it, it’ll send a payment voucher and the trader must pay it promptly. Once the trader makes the payment, complete the renewal process. 5. How can you know if trade license renewal requires additional approvals? So, you may be wondering; how can you know if the renewal of the trade license requires additional approvals. The truth is that this will depend on the type of commercial activity you decide to give to the company and how it is constituted. For example, in the case of companies that have commercial activity in the medical area, they must obtain the approval of the Ministry of Health and Prevention. Other examples are restaurants or companies that operate with food; these need the approval of the Department of Food Safety before the renovation. To know the requirements you need to meet to renew your license according to the commercial activity of your company, hire a specialized consultancy that can guide you through the best way to make this whole renewal process simpler and more effective and Are you interested in obtaining a Golden Visa? Here’s how 6. Why is Ejari important for renewing trade license in Dubai? As mentioned above, Ejari is a mandatory element of the trade license renewal process. And that is because the Real Estate Regulatory Authority initiated this online system where all leases must be registered. The purpose of this is to legalize the relationship between tenants and landlords in Dubai. So, your rental contract must be certified by Ejari, if not, your application will be rejected. 7. This can happen if your license expires. It should be noted that it is important for traders to note that if the trade license in Dubai expires, that could bring problems for their business ranging from fines and penalties to license cancellation. While there is a grace period, there is a time limit to trade license renewal dubai before the DED
