It is compulsory for every investor in Dubai to renew their Trade License on annual basis. According to the UAE rules the license is a legal certificate that allows an investor to engage in the events list within the license. But here is a question that how to do a trade license renew in Dubai; you should not be worry as Shams Consultant is there to help you; that is in all legal matter; so that you can concentrate on your core business.
If you are doing business in Dubai with a valid trade license then trade license renewal in Dubai is one of the most important tasks. Getting a business license renewal could be a long process in Dubai; if you are not use too with the method of renewal; then it will be a difficult task. Delay in applying for the Dubai trade license renewal has some serious impacts; including freezing all of your business activities, may ban your business license as well as levies penalty.
Without renewing the Trade License no one can carry out any business in Dubai. It also offers that you can change your sponsor as well as business address; if it need during the renewal of Dubai trade license. Shams Consultant is there to assist you in the process of your trade license renewal in Dubai. We will also send you timely reminders when the renewal of your license is due.
Shams Consultant can help you in Dubai for all your legal matters; as we have extensive experience and deep knowledge of local business; which enable us to understand the uniqueness and important needs of your business. There for we are in position to recommend the best possible options that how to ensure the smooth running of your business with minimum hassles and risks.
Shams Consultant is provide services for Dubai trade license renewal; that is from start till the end. In fact it is one of our core services provide your trade license renewal in Dubai timely and efficiently.
Documents for a normal Trade License Renewal in Dubai:
- The Tenancy Contract & Ejari is requiring for normal trade license renewal in Dubai.
- A form must be type for Renewal of normal Dubai trade license.
- Passport copy of all the Business Partners are requiring for normal trade license renewal in Dubai.
Dubai Trade License Renewal for Branch of a Foreign Company
- To renew the license for a branch of a foreign company Original Certificate of Good Standing is required to be provide (issued by the Registrar of Companies in which jurisdiction the parent company is incorporated to ensure existence and continuity of the parent company) [copy will be accepted if notarized].
- The Copy of the valid Lease Agreement is required under the Branch Company name.
- Copy of the Fee Receipt is also required for the renewal of foreign company branch at Dubai.
Dubai Trade License Renewal for Branch of a UAE Company
- A copy of valid Trade License of the parent company; is requires for renewal of trade license in Dubai.
- No Objection Certificate (NOC) is requiring from the concern Authority; (if applicable) for the renewal of a UAE company branch.
- The Copy of the valid Lease Agreement under the Branch Company name should be provide.
- For the renewal of branch of UAE company a Copy of Fee Receipt shall be provide.
How to renew trade license in Dubai
A company can renewed their license in three simple steps by choosing the several online and offline portals of the DED, these steps are as following.
Tenancy contract for Dubai trade license renewal
It is important to know that your tenancy contract is valid from the date of application till three months. Make sure you have properly checked your tenancy contract; before you can apply for the trade license renewal. If your tenancy contract is not valid it this time then no need to be worries; you can process its renewal as well, as these are very important for license renewal. But please make sure that the tenancy must be attest from the EJARI. Dubai company must go prior for the renewal process of their tenancy contract before submitting renewal application of their trade License in Dubai.
Submit application for Dubai trade license renewal
At Second stage of trade license renewal in Dubai; Shams Consultant, on behalf of your company will handles and submit application; along with all required documents. We will insure that the documents submitted are correct from all aspects; and we will also insure that it will not take your valuable time.
Payment voucher for Dubai trade license renewal
The third and final step for the renewal of trade license in Dubai is to receive voucher of payment and make the payments. Shams Consultant facilitates the process of payment on behalf of the company at the Gov’t service centers. There are two condition for receiving payment voucher; If there is separate office space; then you will be receive voucher within 3 to 4 days. If the office space is share between 2 or more companies; then it will take up to 7 days.
You will receive a renew license as soon as you make the payment; at this stage you will be able to take your license.
Renew Trade License Online
An online portal has been launch recently where companies can renew their trade licenses online. However it requires the owners of company to setup prior accounts for the renewal. The owners of the company can create online account. The portal also has the option for the owners to make online payment; but please note that the register payment account must be with the title of the owner name; in the online portal company.
The procedure mentioned above is for simple renewal; the process is different for renewing your license under a new sponsor or new tenancy in Dubai.
Note: A copy of the trade license of the parent company is require; that is for branch of UAE, GCC, Free zone and foreign companies. You will receive a payment voucher or a transaction number upon submitting the required documents; that you will use as a reference whenever you pay.
You will have to pay AED 200 monthly as fine after expiry date; the license must be renew before its expiry date.