As a proud business owner in Dubai, your top priority tasks should necessarily include on-time trade license renewal. Having a valid trade licence allows you to operate legally and avoid penalties. Nearly 95 percent of the businesses in Dubai in actuality renew their licenses every year to remain in compliance. Renewing a trade license online in Dubai, however, offers an unprecedented level of simplicity. With only a few clicks, you may verify your license status and renew it online.
To help you navigate the process with ease, this short guide explains the steps involved in trade license renewal in Dubai in detail. These steps guarantee the legal operation of the company, be it a small store or a big corporation.
Steps to Renew Your Trade License in Dubai
Trade license renewal online in Dubai is a simple process that takes only a few minutes to complete. Here’s a step-by-step breakdown for a seamless renewal:
1. Check Your License Status
Before renewal, ascertain the expiry date and validity of your trade license. To verify, you can use the following options:
- DED Website: Go to the DED website, access the ‘License Verification’ under e-Services, insert your trade license number, and check the status.
- DED Smart app: Enter using the app, insert your trade license number, and see the license details instantly.
- Dubai Now app: This government application allows you to check your trade license status along with other business-related services. Additionally, you can verify your trade license status through the Ministry of Economy.
You need to keep an eye on your trade license status. Otherwise, any delay could lead to penalties, making it difficult to renew the license on time. Therefore, staying proactive ensures a hassle-free renewal process.
Read Also: How many Types of Business Licenses in Dubai?
2. Prepare the Necessary Documents
To successfully renew your trade license in Dubai, gather these essential documents:
- Trade License Renewal Application Form: Download and fill in the form for renewal from the DED website.
- Copy of Current Trade License: A scanned copy of your active license.
- Tenancy Contract or Ejari Certificate: Ejari must attest to this, and it should remain valid for at least one month beyond the renewal date. Without this, the renewal process cannot proceed.
- Copies of Passport and Visa: These are required for all business partners and shareholders. Additionally, make sure they are up to date to avoid any processing delays.
- No Objection Certificate (NOC): If applicable, you must obtain it from your sponsor or landlord. Otherwise, your application may face rejection.
- Updated Memorandum of Association (MOA): A current MOA must be in place if the operating structure has changed. In such cases, failing to update it may lead to legal complications.
These are documents that need to be updated along the way to help avoid the delay of renewal.
3. Submit the Renewal Application and Pay the Fees
Once everything is in order, you can proceed to apply:
- Submission via Website: Log in at the DED portal, upload the documents and accurately fill out the renewal form;
- For the Payment of Renewal Fees: The renewal fees usually vary from AED 8,000 to AED 15,000 depending upon the business activity, location, and so forth with additional approvals. The payment may be made on the DED website, through the DED Smart App, or in person at a DED service center.
- Track the Application Status: After submission, you can track the status through the DED portal or their mobile applications. If you need to submit any additional documents, you will receive notifications via email or SMS.
Once approved, you will receive your renewed trade license online, allowing you to continue operations without any interference.
Conclusion
Renewing a trade license in time is essential to avoid fines, compliance with the law, and uninterrupted business operations. An active license helps in processing visas and banking arrangements and enhances business credibility, opening up newer avenues. Trade license renewal online in Dubai is, therefore, fast and simple, thanks to the digital services available today.
Be it managing an established business setup in Dubai or planning a new one, updates on renewal guidelines are vital. You can safeguard your business journey by checking your license status, gathering documents, submitting the renewal form on time, and making payments on time in Dubai’s ever-changing market.
Moreover, if you need any further guidance relating to UAE business license, UAE corporate tax, UAE golden visa, or Dubai company registration, please feel free to contact our business advisors at 8881-069-069.
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