Renewal of trade license in Dubai

Renewing a business license in Dubai is essential for businesses to continue to succeed and grow. This process represents a crucial moment that requires careful planning and organization to ensure legal and orderly business continuity. In this context, we are pleased to provide you with a comprehensive guide on the process of renewing a commercial license in Dubai in cooperation with Itqan Company, which specializes in providing advisory and legal services to companies in the United Arab Emirates.

In this article, we will review all the important aspects related to renewing a business license, starting from the importance of this process and ending with the necessary practical steps and the legal and financial requirements. We will also take a look at the services that Itqan Company provides to assist you in this process and ensure that you enjoy the utmost ease and effectiveness.

Renewal of trade license in Dubai

Renewal of trade license in Dubai

Renewing a business license in Dubai can be a complex process, but in cooperation with Itqan Company, this process can be simplified. Itqan provides specialized consulting services that include reviewing the status of your current license, providing the necessary documents, and guiding you through the legal and administrative procedures. Itqan also helps you understand the necessary requirements and deadlines, and facilitates the process of paying fees and submitting applications. Thanks to its extensive experience and knowledge of local procedures, Itqan ensures that the license renewal process goes smoothly, allowing you to focus on developing your business and achieving your business goals in Dubai.

Itqan also provides premium services including helping you update necessary data and providing professional advice to improve your business and expand your business in Dubai. Additionally, Itqan can help you balance the costs and benefits associated with the license renewal process, helping you get the most out of your investment. By relying on Itqan’s experience, you can avoid potential legal and administrative obstacles that you may face during the license renewal process. In cooperation with Itqan, you can rest assured that the license renewal process will go smoothly and on time, allowing you to focus on achieving your business goals in Dubai.

The importance of renewing a commercial license in Dubai

Renewing a business license in Dubai is an essential process for business continuity and compliance with local laws and legislation. Renewing the license is part of the legal obligations that every business company must perform regularly, and requires companies to submit the necessary documents and information to the relevant authorities by specific dates.

The importance of renewing a commercial license lies in several points:

Compliance with legislation: Renewing a license ensures that the company is compliant with local laws and regulations, which maintains its reputation and protects it from legal problems.

Business continuity: Renewing the license contributes to avoiding business interruption and loss of business opportunities, as the company is qualified to participate in the market legitimately.

Trust and stability: The license renewal enhances trust between customers and business partners, as it reflects the company’s commitment to legal and professional standards.

Improving business reputation: Renewing the license is part of good business management, which contributes to enhancing the company’s reputation and attractiveness in the market.

Requirements for renewing a trade license in Dubai

Business license renewal requirements in Dubai represent essential steps that businesses must adhere to to ensure business continuity and compliance with local laws and regulations. These requirements typically include:

Submit the application on time: Companies must submit the license renewal application on the specified dates, as these dates vary depending on the type of commercial activity and the legal form of the company.

Pay the required fees: Companies must pay the financial fees specified for the license renewal process, which change based on the type of activity and the size of the company.

Submitting the necessary documents: Required documents usually include copies of the company’s articles of incorporation, character certificates for key officials, recent financial reports, and tax and social insurance compliance certificates.

Site inspection and environmental conditions: In some cases, local authorities may require a site inspection and compliance with environmental and health conditions before renewing the license.

Insurance and special licenses: Companies must ensure that all licenses related to the business activity are met, including the necessary insurances and sub-licenses if necessary.

Compliance with local legislation: Companies must ensure compliance with all local legislation and laws regulating their activity, such as labor laws, taxes and other relevant legal matters.

Steps to renew a commercial license in Dubai

Renewing a business license in Dubai is an important procedure to ensure business continuity in a legal and regular manner. Here are the steps to renew a trade license in Dubai:

1. Check eligibility for renewal: Before starting the renewal process, check the expiration date of your current business license. The renewal must take place before the expiration of a certain period, which varies according to the regulatory authority and the type of license.
2. Gather the necessary documents: Before requesting renewal, make sure you have all the required documents. These documents may include the landlord’s personal ID, rental contract, bank account reports, etc., as the case may be.
3. Submitting the application: Submit the application to renew the commercial license to the relevant regulatory authority, such as the Dubai Economic Development Department (DED). You can do this online or in person at their offices.
4. Payment of fees: Once the application is submitted, you will need to pay the fees required to renew the license. You can view the fee schedule on the regulator’s website or inquire directly at their office.
5. Review of the application: After receiving and confirming the application, the regulatory authority will review it and ensure that all required conditions and documents are met.
6. Receiving the renewed license: After approval of the renewal application, the commercial license will be reissued with the necessary dates and details updated. You may be able to receive your renewed license directly from the regulatory authority’s office, or it may be sent to you by mail.

Types of business licenses in Dubai

Dubai is a vibrant global business hub, with local and international companies forming an integral part of its growing economy. To facilitate doing business, the Dubai government has established clear regulations and steps for establishing companies and obtaining commercial licenses.

Below is a detailed explanation of the types of business licenses in Dubai:

1. Industrial commercial license:

It is used to carry out industrial activities, such as:

• Manufacture of food products.
• Clothing manufacturing.
• Manufacture of building materials.
• Pharmaceutical manufacturing.
• The industrial commercial license is divided into two categories:
  Craftsman industrial license: to practice simple industrial activities that do not require heavy equipment or a large space.
  Master industrial license: to practice complex industrial activities that require heavy equipment or a large area.

2. Commercial business license:

It is used to conduct business activities, such as:

• Import and export of products.
• Selling products retail or wholesale.
• Providing consulting services.
• Providing logistics services.

Commercial license renewal in Dubai is divided into two categories:
1- General commercial license: to practice general commercial activities.
2-Specialized commercial license: to practice specialized commercial activities, such as food trade or medicine trade.

3. Professional business license:

It is used to carry out professional activities, such as:

• Practice medicine.
• Practicing law.
• Practice engineering.
• Practicing accounting.
• The holder of a professional commercial license must obtain a license from the competent government authority to practice his profession.

4. Tourism commercial license:

It is used for tourism activities, such as:

• Operating hotels.
• Operating tourism and travel companies.
• Operating restaurants.
• Operating car rental companies.
• The holder of a tourism commercial license must obtain a license from the competent government authority to practice his tourism activity.

5. Electronic business license:

• An e-commerce license is an ideal option for small and medium-sized businesses that want to expand into new markets without having to open a store or office.
• The type of business license depends on the type of activity you wish to practice.

Used to conduct business activities online, such as:

• Selling online.
• Internet Marketing.
• Providing services online.

Documents required to renew a trade license in Dubai

The documents required to renew a business license in Dubai vary based on the type of business activity and the type of company. However, usually, it can include the following basic documents:

• Renewal Application Form: An official application form is required to renew the commercial license, and it must be filled out and submitted correctly and completely.
• A copy of the current commercial license: A copy of the company’s current commercial license must be submitted.
• Personal identity document of the owner or partners: A certified copy of the personal identity card of the owner or partners must be presented.
• Contracts and Agreements: Some cases may require submitting a copy of important contracts and agreements related to the company’s activity.
• Annual accounting reports: Some entities may request the company’s annual financial reports or tax reports as part of the renewal process.
• Tax Certificates: Some cases may require the submission of tax certificates issued by local tax authorities.
• Any additional documents: Some entities may require the submission of additional documents upon request, such as insurance certificates or inspection reports.

How to renew a trade license in Dubai

In order to renew the commercial license in Dubai, you must contact Itqan Company because it follows many distinct steps that help in obtaining the commercial license in Dubai, so our company must follow the following steps:

• Online application: You can submit a renewal application online via the Dubai Smart Portal (dubai.ae) or the Dubai Business Platform (dubaibiz.ae).
• Submitting documents: You will be required to submit some documents such as a copy of the current license, the employer’s passport, and a license renewal form.
• Payment: The fees required to renew the license must be paid.
• Data review: The data provided should be reviewed and updated if necessary.
• Receiving the renewed license: After approval from the relevant authorities, you will receive the renewed license via email or you can receive it in person.

With a specialized consulting company like Itqan, you can facilitate the license renewal process and ensure compliance with all legal procedures and requirements in Dubai.

Types of business licenses in Dubai

Commercial license renewal fees

Business license renewal fees can vary between countries, regions, and business activities. In Dubai, for example, trade license renewal fees vary according to several factors, including:

1. Type of commercial license: Renewal fees vary according to the type of license, whether it is a general, professional, or industrial trade license.
2. Business type: Business type can affect renewal fees. Some activities may be associated with higher fees due to the nature of the work.
3. Company Size: Company size and number of employees may affect renewal fees. Larger size companies may face higher fees.
4. Location: A company’s location can affect renewal fees. Companies in free zones may be exempt from some fees or have financial facilities.
5. Local Laws: The competent authorities in each emirate in the United Arab Emirates decide the fees and costs related to renewing commercial licenses based on local policies and legislation.

Advantages of renewing a commercial license in Dubai

Dubai is a vibrant global business hub, with local and international companies forming an integral part of its growing economy. The Dubai government offers many benefits to encourage companies to renew their trade licenses, including:

1. Ease of renewal:

• The Dubai Department of Economic Development provides several ways to renew a commercial license in Dubai, including:
• Online renewal: through the Dubai Department of Economic Development website.
• Renewal through one of the branches of the Department of Economic Development in Dubai.
• Renewal through the customer service center.
• The business license renewal process is easy and quick.

2. Save time and money:

• The online business license renewal process saves time and money.
• Companies can renew their business licenses without having to visit any of the Department of Economic Development branches in Dubai.

3. Ensuring business continuity:

• Renewing the commercial license ensures the continuity of business activity without interruption.
• A renewed business license helps avoid any fines or penalties.

4. Improving the company’s reputation:

• A renewed business license is proof of the company’s compliance with laws and regulations.
• A renewed business license helps improve the company’s reputation and attract more customers.

5. Access to government services:

• Companies need a renewed business license to obtain many government services, such as:
• Obtaining a work permit.
• Open a bank account.
• Rent an office.

6. Avoid fines and penalties:

• Fines are imposed on companies that do not renew their business licenses on time.
• Businesses that do not renew their business licenses may be permanently closed.

7. Supporting the national economy:

• Renewing the commercial license helps support the national economy.
• Companies that commit to paying fees and renewing their business licenses are an important component of the development of the economy.

In conclusion, renewing a business license in Dubai is an essential process to ensure the continuity of a company’s activity and its compliance with local laws and regulations. By adhering to the specified requirements and submitting the necessary documents in a timely manner, companies can successfully maintain their business activity and avoid any legal or administrative problems.

Renewing the license reflects the company’s commitment to the highest standards of transparency and credibility in its operations, and also contributes to building confidence among customers and business partners. It also represents an opportunity for companies to review their performance, evaluate their strategies, and enhance their future growth opportunities.

By utilizing the tips and guidance provided in this article, businesses can navigate the license renewal process efficiently and easily. By adhering to new legal developments and regulations, companies can achieve sustainable growth and future success in Dubai’s thriving business market.

Ultimately, renewing a trade license in Dubai is a crucial step for companies in their journey towards development and continuity. If properly implemented, it paves the way for success and sustainability in the dynamic and evolving business environment of the Emirate of Dubai.

The most frequently asked questions about renewing a commercial license in Dubai