A trade license in UAE needs to be renewed annually. Renewing a trade license in the UAE is quiet a simple process these days. Thanks to new sophisticated measures adopted by Dubai Department of Economic Development (DED).
To proceed with lets take a note of the document requirements for your trade license renewal process.
– Typed (BR/1) Form
– Copy of Tenancy Contract and EJARI Registration Certificate
– Copy of the Current Business/Trade License
– Passport Copies of all Partners in the Business
Here are the three simple steps to renewing your business trade license.
Step 1: Check the validity of the tenancy contract.
To begin with you need to ensure that your company’s tenancy contract is valid for a period of at least one month from the application date. Also, make sure to process your company’s tenancy contract renewal prior to submitting your trade license renewal application to the Dubai Department of Economic Development (DED).
Step 2: Get the approvals for the activity and submit your application
Every business activity is different and hence requires specific documents and certifications from specific authorities. Thus, it is very important to get approval for the business activity from the respective judicial or government department before hand prior to applying for the business license.
Step 3: Apply for business license renewal.
With the application duly filled along with all the required certifications you can submit to the DED. You can choose to renew your trade license offline online or do it through auto-renewal via website and e-Services. Online renewal is recommended since the process is much faster.
Delay and non-renewal of your trade license in UAE could lead to penalties or even black-list your company. Any future plans of yours to register new business may also face glitches. Remembering your renewal date is not the only mandate. Your trade license renewal process may take long especially if the documents are not in order. You need to be certain about your tenancy contract validity and more importantly the certifications involved with the procedure.
It is always recommended to take help from business setup service provider. They help in making the process easy and simple.
For any further queries on renewing your trade license in UAE contact PMC Solutions DMCC – The best business setup company in Dubai, UAE. Call us at +971 4874 8618 or e-mail at email@example.com
PMC Solutions DMCC is a Corporate Service Provider specialized in designing bespoke solutions for Business Setup, and Family Residency for foreign and local investors, willing to establish and grow their businesses in the entire UAE.
PMC Solutions has been established to provide complete company incorporation, administration and management services in all major jurisdictions in the UAE where it is pioneering the concept of Free zone and Offshore Incorporation.