One Central – Offices No. 4 Dubai | Office: +971 45686046
ITQAN is a company that specializes in business setup and business growth

Ways to renew a commercial license in Dubai

٢٨ مايو Ways to renew a commercial license in Dubai

What are the ways to renew a commercial license in Dubai? The process of renewing a commercial license in Dubai is an essential step to ensure the continuity of business activity and avoid legal violations. Dubai provides a stimulating business environment, making compliance with regulatory procedures essential for companies to continue to benefit from the advantages of the thriving market. Renewing a commercial license requires following a set of steps set by government agencies, including submitting the necessary documents and paying the required fees. Renewal methods vary according to the type of commercial license and the nature of the activity, as companies can renew their license online or by visiting approved service centers. The Dubai government provides these options to facilitate procedures and speed up the renewal process, which contributes to supporting business continuity in the emirate. We will review some details about the ways to renew a commercial license in Dubai .

Ways

Commercial License in Dubai

A Dubai trade license is a legal document issued to individuals and companies to qualify them to conduct business activities in the emirate. Dubai is one of the most attractive business destinations in the world, partly due to the ease of government procedures and the provision of a stimulating business environment. Trade licenses are issued by the Department of Economy and Tourism in Dubai, and the types of licenses vary according to the type of business activity, such as a commercial license, an industrial license, and a professional license.

To obtain a business license, applicants must submit a set of documents, including a copy of their ID, a lease agreement, and a proposed trade name, which must be unique and not previously used. The registration process is quick and efficient, making it easy for entrepreneurs to start their business without delay.

Renewing a trade license is an essential step to maintain business continuity and should be done annually. A trade license guarantees investors’ rights and helps them obtain additional permits, banking facilities, and government support. The license is also an essential tool to enhance a company’s reputation and gain customer confidence. In short, a trade license is a cornerstone of any successful business in Dubai, contributing to business growth and sustainability in the market.

Ways to renew a commercial license in Dubai

There are several ways to renew a commercial license in Dubai , with the aim of facilitating procedures for business owners and ensuring the continuity of commercial activity. The most prominent of these methods are:

  1. Online Renewal: Businesses can easily renew their trade licenses through the Dubai Economy Services (DED) platform or the Dubai Now app. This method provides speed and efficiency in completing the procedures without the need to visit any government center.
  2. Renewal through service centers: Business owners can visit one of the approved service centers of the Department of Economy and Tourism in Dubai to submit the renewal application and pay the fees. These centers are available in multiple locations for easy access.
  3. Renewal via email: Some services provide the ability to send the necessary documents and renew the license via the designated email, which saves time and effort for business owners.
  4. Renewal through Tasheel Centers: The commercial license can also be renewed through approved Tasheel Centers, as these centers help complete the procedures on behalf of company owners and provide the necessary support.
  5. All these methods aim to provide flexibility for business owners to renew their commercial licenses smoothly and quickly, taking into account the requirements of each business activity.

Steps to renew a commercial license in Dubai

Renewing a commercial license in Dubai requires following a set of basic steps set by the relevant authorities to ensure business continuity legally. Here are the detailed steps to renew a commercial license:

  1. Ensure the validity of the company’s headquarters lease contract: Before starting the renewal process, the validity of the company’s headquarters lease contract must be verified, as the contract must be valid for a period of no less than three months. If the contract expires, it must be renewed through the approved “Tijari” offices in Dubai.
  2. Updating required documents: Companies need to prepare some basic documents to renew the license, such as a valid copy of the trade license, a copy of the renewed lease contract, and a copy of the passport or Emirates ID of all partners or shareholders.
  3. Submitting a renewal application: After preparing the documents, the renewal application can be submitted either online through the “Dubai Now” platform or “Dubai Economy Services” (DED), or by visiting one of the approved service centers.
  4. Payment of fees: After submitting the renewal application, an invoice will be issued that includes the renewal fees and any additional fees associated with the license. Fees can be paid through the available electronic payment methods or through service centers.
  5. Receiving the renewed license: After completing the payment process, the renewed commercial license can be received electronically or by visiting the approved center to receive the printed copy.
  6. Following these steps ensures that the commercial license is renewed in a timely manner, allowing companies to continue their business activities without delay or legal violation.

Advantages of renewing a commercial license in Dubai

Renewing a commercial license in Dubai comes with many advantages that contribute to enhancing business continuity and facilitating commercial operations. The most prominent of these advantages are:

  1. Business Continuity: Renewing the license ensures that the company’s activity is not interrupted, allowing business owners to continue providing their services or products without any legal issues.
  2. Legal Compliance: Periodic renewal of the business license helps to comply with local laws and regulations, reducing the chances of violations and fines.
  3. Ease of access to government services: Renewing the license allows companies to access a wide range of government services, including obtaining additional permits, financial facilities, and logistical support.
  4. Improved Company Reputation: Companies that keep their trade licenses up to date appear as trustworthy entities, which enhances their reputation in the market and helps attract customers and investors.
  5. Expansion Opportunities: Renewing your license gives companies the opportunity to explore new areas for growth and expansion, whether by adding new business activities or expanding into new markets.
  6. Ease of dealing with partners and suppliers : Having a valid commercial license helps companies deal with partners and suppliers with confidence, as many commercial transactions require a valid license.
  7. Easier access to loans and financing: Companies that renew their licenses regularly may find it easier to obtain loans or financing from financial institutions, which helps support their growth and expansion of operations.
  8. Renewing a business license is an essential part of running a business in Dubai, and enhances your chances of success and sustainability in the market.

Ways

Documents required to renew a commercial license in Dubai

Renewing a commercial license in Dubai requires submitting a set of necessary documents to ensure that all legal requirements are met. Here are the documents required to renew a commercial license:

  1. Copy of current trade license: A valid copy of the trade license being renewed must be submitted.
  2. Lease Contract: You must have a valid copy of the lease contract for the company’s premises, and the contract must be valid for a period of not less than three months.
  3. Emirates ID or Passport : Submit a copy of the Emirates ID or passport for all partners or shareholders in the company.
  4. Auditor’s Report: In the case of limited liability companies, you may need to submit an auditor’s report for the last fiscal year, depending on the type of activity.
  5. Liability Insurance: Some businesses require proof of liability insurance, so it’s a good idea to check the requirements for your business.
  6. No Objection Certificate: If there is a partnership with a government or private entity, you may need to submit a No Objection Certificate from the relevant authority.
  7. Additional Documents : Some activities may require additional documents related to special licenses or licensed activities.
  8. It is advisable to check the specific renewal requirements for the type of business you own, as requirements may vary depending on the nature of the business.

In conclusion, renewing a trade license in Dubai is a vital step for business owners, ensuring business continuity and compliance with local laws. By adhering to the specified steps and procedures, businesses can take advantage of the opportunities available in the emirate’s dynamic market. Renewing a license embodies a commitment to professionalism and trust, enhancing a company’s reputation and facilitating access to various government services. Maintaining a valid license also enables businesses to expand and grow, ensuring they are able to compete in the evolving business environment. Therefore, all entrepreneurs are encouraged to review and update their trade licenses regularly to ensure their success and sustainability in the market.

Frequently asked questions about renewing a commercial license in Dubai