Renew trade license in easy steps
A trade license is crucial for running business functions and operations smoothly and legally in Dubai. Now what if its expiry date comes close? In that case you need to understand how to renew a trade license Dubai. This renewal must be done in a timely manner to avoid penalties.
If it’s your first time with DED trade license renewal then no need to worry, because Prospr is here to offer you complete guidance. We tell you what documents you need to furnish for renewal of your business license and also the complete process.
So, let’s get started and understand:
What do you need to renew your trade license in Dubai?
Before you hit the official DED website or physical space, you need to prepare all the required documents. Here is a list of documents required for trade license renewal Dubai.
Ejari registration certificate
You must have this certificate to complete the renewal process. If you don’t have this certificate, you need to get one. This certificate from Ejari confirms that you have a tenancy contract. Without this certificate, you will pay fines.
Old trade License copy
Since you are going to renew your UAE trade license, it’s vital to have your existing or old trade license. This old license demonstrates all the business activities that you are allowed to conduct in the UAE. Do you know about different types of trade license in Dubai?
BR/1 form
This form is basically the trade license UAE renewal form. You will fill out this form and then it must be signed by all the existing partners. Attach other required documents to this form before you submit it.
Valid tenancy contract
You might have leased an office space and got a tenancy contract. Ensure that whenever you apply for business license renewal, your tenancy contract must be valid for one or more months. Again this tenancy contract must be verified by Ejari.
Read about how to get an industrial license in Rakez
Passports photocopies
Next you need to arrange photocopies of all the partner’s passports. In case you are a sole proprietor, you will only submit a photocopy of your passport.
Read about how to get a crypto license in Dubai
Additional documents required for trade license renewal for Dubai free zone
If you run a free zone business and have a general trade license, then here are some other documents you need to submit alongside your application.
- Some free zones require you to provide a No Objection Certificate/NOC from the relevant authority or sponsor.
- You may also need to provide a Certificate of Continuity of Existence or Good Standing. This certificate tells authorities that your business is fully compliant with regulation and is running smoothly. As a result, it’s eligible for DED business license renewal.
- In case your free zone business has a branch in Mainland then you will provide the current trade license of your parent company.
Lean about: Trade license cancellation in Dubai
DED trade license renewal process
Here are some steps you need to follow for license renewal.
- Visit official DED website
- Login and land at your dashboard
- Fill Out the BR/1 form and attach all the required documents. Review your application to ensure that everything you added is accurate. Submit the application.
- Once your application is verified, you will receive a payment voucher from the DED. This voucher provides the cost of trade license renewal in Dubai.
- You need to make the payment. After that registration process is complete and your trade license will be renewed.
In case you want to renew a trade license on your mobile, you can download the DED mobile app and apply for DED license renewal. The whole process is made simpler through the app.
Do you know about: Difference between Free zone Trading and Free zone ecommerce License
What is the cost to renew a trade license in Dubai?
The standard cost of trade license renewal in Dubai ranged between AED 8500 to AED 1500. Exact cost depends on the economic zone, business activity. and jurisdiction.
In case you want to know everything about the trade license renewal cost, you can contact our business consultants who will help you understand the cost and its related factors.
Also understand: What is the cheapest trade license in UAE?
How can Prospr help with Dubai trade license renewal?
Whether you want to renew your trade license or planning to help you to make some changes in your trade license, Prospr unlocks its robust license renewal and amendment services in Dubai. Our business consultant streamline the complete process of license renewal for you so that you won’t have to face any kind of penalty or blacklist charge.
FAQs about DED trade license renewal
What is the Grace Period for Trade License Renewal?
You will be given 30 days as grace period after expiry to renew your trade license.
What is the penalty if you don’t renew trade license in Dubai?
Here are some penalties you need to face, in case you fail to renew trade license Dubai
Fine: if you don’t renew your license after its expiration, you will pay AED 250. However, when you continue to do business without license renewal, you will pay the fine of AED 5000.
Blacklisting-If you completely ignore license renewal and continue doing business, then you will be blacklisted and you need to terminate your business operation after you blacklist and still don’t renew your trade license UAE.
Expansion restriction-Another penalty that you face for not renewing a trade license is business expansion restriction. If you have a plan to expand your business or start some new business activities, you will be prohibited to do so.
How to check trade license renewal status in Dubai?
If you want to check your trade license renewal status then you need to visit DED site and find services related to trade license. There will be an option available in trade license services, it will allow you to check the status of your UAE trade license renewal application. Do you know about How to check online verification for a Dubai trade license?
Can I renew my trade license online in Dubai?
Yes, you can renew your DED trade license online by visiting the DED website. From the business dashboard, you need to click “Renew license” under my transactions. Enter your license number and follow the prompts to renew your license before or after expiry date.
How long is a trade license valid in the UAE?
Your Dubai company license is valid for one issue, normally. After that you will require to renew it. If you have got an instant trade license, it will also expire after one year. Before expiry you need to renew your license after obtaining a physical office space.
Can I renew trade license without Ejari?
No, you can’t renew your trade license without Ejari. It’s a mandatory requirement for license renewal in Dubai.
Can I renew trade license before expiry date?
Yes, you can renew your license before expiry date. It’s vital to renew your license on time to avoid fines and penalties.
How often you need to renew trade license in Dubai?
You need to renew your Dubai trade license once a year.
