How to renew a trade license in Dubai? Many entrepreneurs and investors are wondering how to renew a commercial license in Dubai, because Dubai is a fertile area for emerging and giant projects due to its many factors that have made it an investment destination for foreigners and Arabs. In the following lines, we will learn through this article about how to renew a commercial license in Dubai. Types of commercial licenses in Dubai and destinations for obtaining commercial licenses in Dubai.
Commercial license in Dubai
A trade license in Dubai is considered one of the basics necessary for establishing companies and starting to practice commercial activities. This license is granted by the Dubai Economic Development Department (DED) and specifies the type of business activity a company can legally engage in. The importance of a commercial license is that it provides the necessary legal framework for a company’s operations, which enhances confidence among investors, customers and business partners. In addition, a trade license allows companies to benefit from the benefits and facilities provided by the government, such as access to local and international markets, enjoy various government services, and obtain visas for employees. Thanks to this license, companies in Dubai are able to operate in a regulated and prosperous business environment, enhancing opportunities for growth and innovation and attracting more investments to the emirate.
How to renew a trade license in Dubai
Wondering how to renew a trade license in Dubai ? To ease and facilitate the process of renewing the commercial license in Dubai, the competent authorities in Dubai have worked to provide a special initiative for the automatic renewal of commercial licenses in Dubai, through one of the following steps:
- Via a text message with the license number on the number 6969, then the payment authorization is sent in a link in a text message when the license site lease contract is valid, and the customer pays the fees at any of the payment outlets.
- By sending a text message to the customer with the payment authorization if the license site lease contract is valid, then the license holder makes the payment through the multiple dealing centers in Dubai.
Steps to renew a commercial license in Dubai
Updating the lease contract by ensuring that the lease contract for the commercial headquarters is valid for a period of no less than three months from the date of renewal. You may need to have the lease contract authenticated by the Dubai Land Department. Renewing a commercial license in Dubai requires following several basic steps. Here are the steps in detail:
- Submit a renewal application: Go to the Dubai Economic Development Department (DED) or use the electronic renewal services through their website or smart applications. It may also be possible to use authorized service centers to submit the application.
- Payment of renewal fees: After submitting the application, the documents will be reviewed to ensure that all requirements are met. You must pay the required renewal fees, which depend on the type of business activity and the size of the company.
- Receiving the renewed license: After reviewing the application and paying the fees, the renewed commercial license will be issued. You can receive it from the service center or download it electronically from the website.
- Ensure that data is updated: Make sure that your company’s data is updated in all relevant agencies such as banks, the Federal Authority for Identity and Citizenship, and other government agencies.
Types of business licenses in Dubai
Among the most important points that must be raised about how to renew a commercial license in Dubai are also the types of commercial licenses. There are five types of commercial licenses in Dubai and each license differs in cost from the other license. Here are the types of commercial licenses in Dubai:
| License type | Description |
|---|---|
| Commercial license | It is awarded for commercial activities such as buying and selling, general trade, import and export. |
| Industrial license | It is awarded for industrial activities such as manufacturing, production, assembly and packaging. |
| Professional license | It is awarded for activities that require professional skills and services such as consulting, technical and medical services. |
| Tourist licence | It is awarded to tourism-related activities such as travel agencies, hotels and resorts. |
| Agricultural license | It is awarded for agricultural activities such as farming, animal husbandry and agri-food production. |
| Literal license | Awarded for activities requiring manual skills such as carpentry, tailoring, and blacksmithing. |
| Hotel licence | Granted to manage and operate hotels and hotel apartments. |
| Educational license | It is awarded for education-related activities such as schools, institutes and educational centres. |
| Health license | It is awarded to health activities such as clinics, hospitals and pharmacies. |
| Technical license | It is granted to activities related to technology and information, such as software companies and Internet services. |
| Free license | It is granted to commercial activities in Dubai free zones such as JAFZA and DAFZ. |
Business license authorities in Dubai
The entity responsible for issuing the commercial license in Dubai is the Department of Economic Development, but there are other local authorities responsible for issuing permits for some economic activities, as there are conditions and controls that regulate the process of practicing these activities.
Examples of these activities include: land transport, the Roads and Transport Authority, law and legal consulting activities, petroleum and petroleum activities, contracting activities and engineering consultations. If you have an inquiry regarding how to renew a commercial license in Dubai, do not hesitate to contact us and one of our experts will help you.
Documents required to renew a commercial license in Dubai
To renew a trade license in Dubai, a set of documents must be submitted. Here is a list of required documents:
- A copy of the current business license: to confirm the type of business activity and current license.
- A copy of the lease contract: The signed lease contract for the commercial headquarters, which must be valid for a period of no less than three months from the date of renewal.
- No objection certificate from the competent authorities: If the license requires approval from specific governmental or regulatory authorities.
- A copy of the Emirates ID card: for all partners in the company.
- Copy of passport and residence permit: for all partners in the company if they are not UAE citizens.
- Financial audit report: For some business activities that require a financial audit.
- Health Insurance Certificate: For some activities that require health insurance for employees.
- Certificate of no violations: from the competent authorities, to confirm that there are no financial or regulatory violations against the company.
- Renewal Fees: Pay the required renewal fees, which vary based on the type of business and company size.
- Make sure to check with the Dubai Department of Economic Development (DED) for any additional requirements specific to your business or use a company by communicating with the experts of Itqan Company.
Itqan services for establishing companies and commercial licenses in Dubai
Itqan Company provides a variety of specialized services in the field of establishing companies and obtaining commercial licenses in Dubai. Its services include:
Legal consultations
- Providing legal advice on the type of company most suitable for the business.
- Helping you choose the appropriate legal structure for your company.
Procedures for establishing companies
- Preparing and submitting all documents necessary to establish the company.
- Follow up on requests and coordinate with relevant government agencies.
Obtaining commercial licenses
- Providing advice on the type of business license suitable for your business.
- Submitting applications and following up on the necessary procedures to obtain a commercial license.
Renewal of commercial licenses
- Follow up on renewal dates for commercial licenses and submit the required applications.
- Ensure renewal is not delayed and avoid fines.
Contracts and documentation services
- Preparing and documenting the necessary lease contracts for the commercial headquarters.
- Authentication of contracts and official documents.
PRO Services (Government Relations)
- Providing government relations services to facilitate procedures and transactions with government departments.
- Obtaining the necessary approvals and permits from the competent authorities.
Tax and accounting consulting
- Providing tax and accounting consultations to ensure compliance with local regulations.
- Preparing financial reports and submitting them to the concerned authorities.
Support and guidance services
- Providing continuous support and guidance during and after the company establishment process.
- Providing information and guidance on best business practices in Dubai.
Benefits of cooperating with Itqan
- Save time and effort: by managing all procedures and transactions on your behalf.
- Accuracy and Compliance: Ensure compliance with all legal and regulatory requirements.
- Local Experience: Benefit from their extensive experience in the local market and their deep understanding of the rules and regulations.
- Itqan helps you establish your company in Dubai smoothly and efficiently, enabling you to focus on developing your business and achieving success in a thriving business environment.
The Dubai business license renewal process is a crucial step to ensure that business continues legally and smoothly. By following the specified steps and gathering the necessary documentation, companies can avoid any potential disruption to their business and maintain full compliance with local regulations. By cooperating with the relevant authorities and taking advantage of the available electronic services, renewal becomes a simplified and efficient procedure. Always remember that keeping your trade license up to date is not just a legal procedure, it is also an essential part of your company’s continuity and growth in Dubai’s dynamic business environment.
