So, you got your Dubai trade license approval and are operating a successful business. Suddenly, you realize that the license is about to expire and start wondering how to renew your trade license in Dubai.
Don’t panic; we are here to help. In today’s post, we will walk you through the step-by-step guide to the renewal of a trade license.
Just keep reading!
Can you Renew a Trade License Online in Dubai?
The good news is that you can renew a trade license online in Dubai. This will save you lots of time, and the process is also straightforward.
Although the Department of Economic Development allows an online renewal of trade licenses, there are certain exceptions to its rules. For instance, certain industries, some specific free zones, and all those licenses that had ownership changes still need to apply manually for renewal. This means that these people can not benefit from the online renewal facility.
Don’t worry if you are still worried about who can apply for online renewal. You don’t have to worry, as the DED portal can guide you well on whether you are eligible to use it or not.
So, let’s find out the documents you require to renew your trade license Online in Dubai.
Requirements for a Trade License Renewal in UAE
The requirements for a renewal of a UAE business license may vary depending on which Emirate your company is registered in. Some general requirements are applicable across all Emirates.
- You will need a valid Ejari Registration Certificate, which verifies that your tenancy contract is with the Real Estate Regulatory Authority.
- The Ejari registration linked to the tenancy contract must be valid for a minimum of one month (or three months in some cases) before your license expires.
- To renew your license, you will need to provide a copy of your current business license.
- Fill out the BR/1 application form, which is an official request for trade license renewal.
- Depending on your company’s structure, you will also require photocopies from all owners or partners.
- If your business has changed since you last renewed your license, your license may need to be updated.
- Your renewed license should reflect any modifications made to your sponsoring company, ownership, structure, etc.
- The renewal process will incur fees. Your business location, license type, and activity will determine the exact cost.
Understanding what documents are required to renew your trade license in Dubai can save you the trouble of reapplying and being rejected.
Steps to Renew Trade License in Dubai:
Gather Documents
The first step in renewing your trade license online in Dubai involves gathering all the necessary documents. This includes a tenancy contract, photocopy of your existing trade license, BR/1 form, and, in short, everything mentioned above.
You can also refer to the details mentioned above for more clarity.
File your Application with the DED
Once you have your documents collected, log in to the DED eServices portal using your DED account credentials. Navigate to the “Renew License” section and initiate the application process. You’ll likely need to provide your trade license number and upload the scanned documents you prepared in Step 1.
Review and Approvals
The DED will then review your application and documents. If everything is in order, they will approve your renewal request. Once approved, you’ll receive a payment voucher generated by the DED. This voucher will specify the exact amount you need to pay for the trade license renewal.
Receive the payment voucher
The next step involves making the payment using the information provided in the payment voucher. The DED eServices portal typically offers online payment options using credit cards or debit cards. You can also pay at designated banks depending on the details mentioned in the voucher.
Make Payment
After successfully making the payment, you might be able to download a renewed trade license certificate directly from the DED eServices portal. In some cases, you might need to collect the physical copy from a DED service center. Be sure to check the specific instructions provided during the renewal process.
Download Your License
By following these steps and ensuring you have the necessary documents, you should be able to renew your trade license online in Dubai efficiently. Remember, it’s always a good idea to double-check the DED website or contact them directly for the most up-to-date information on the renewal process and any specific requirements that might apply to your business activity or location.
FAQ:
What is the validity of a trade license in UAE?
The validity of a trade license in the UAE is generally one year from the date of issuance. This applies across most Emirates, including Dubai. This means you’ll need to renew your trade license annually to maintain legal business operations.
Can you renew your trade license before the expiry date?
Yes, you can absolutely renew your trade license in the UAE before the expiry date. In fact, it’s recommended to initiate the renewal process well in advance to avoid any last-minute complications or potential penalties.
Is there any penalty if you fail to renew your trade license in UAE?
Yes, there are penalties for failing to renew your trade license in the UAE. For instance, if you do not renew within those 30 days, a fine of AED 250 will be imposed on you. This penalty fee will keep increasing by AED 250 for each additional day of delinquency, capped at a maximum of AED 5,000.
How much does the renewal of a trade license cost?
The renewal cost for a trade license in Dubai can vary depending on several factors but typically ranges from AED 8,000 to AED 15,000.
