How to Renew a Trade License in Dubai?
How to Renew a Trade License in Dubai?
To set up and do any business in Dubai, you need a trade license. There is a lot of
paperwork involved in license renewal Dubai. It is also a cumbersome process if you
don’t know about the procedure. Delay in renewing trade licenses is also subject to
penalties and even a ban on the license. As a result, all your business operations may
be seized. The Department of Economic Development Dubai offers three types of
licenses –
● Professional License,
● Commercial License, and
● Industrial License
Here’s how to renew a trade license –
1. Tenancy Contract
Keep in mind that the validity of the tenancy contract of your company is for a minimum
1 month or you won't apply for renewal.
2. Application
You need approval from relevant authorities to do business in Dubai and renew your
trade license. Apply with the renewal of license with all the documents needed at the
DED. Here’s what you will need for renewal of business license –
● BR/1 form
● Xerox of existing license
● EJARI Registration Certificate and a Xerox copy of Tenancy Contract
● Photocopies of all business partners’ passports
3. Payment
A payment voucher will be allotted by the DED after submitting the application. After
receiving the voucher, go to the payment procedure. After the payment process, you will
get your license renewed.
Bottom Line
Dubai has also made the registration and renewal process easier. Sometimes, it takes
time to acquire and renew a business license on a timely basis in Dubai and it is known
to be cumbersome for businesses.
To ease the process, there are plenty of business consultancies in Dubai which offer all
services related to company formation, such as timely annual renewals and license
registration. This way, you don’t have to worry about your license renewal. These
professionals will address all your queries about requirements to do business here in
Dubai.
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