Dubai is one of those countries that mandated that all businesses obtain a business license. Undoubtedly, the yearly renewal of trade licenses in Dubai becomes crucial for the same reason. The Department of Economic Development in Dubai is in charge of overseeing this procedure. Business license renewal in Dubai is a simple process, but there may be a lot of paperwork that you have to deal with.
Documents Needed for Renew The Trade License
You must renew your trade license annually. It is only valid for one year. Thirty days before its expiry, you must apply for a trade license renewal. There are more than twenty-five free zones in the emirate, and each has its specific regulations regarding trade license renewal.
The following documents are required for trade license renewal:
Ejari Registration
For license renewal, a registration certificate from Ejari must be obtained. It is obligatory to have a tenancy certificate certified by Ejari, or else a fine will be imposed on you.
Existing Trade License Copy
A copy of the old trade license needs to be submitted along with the application to get it renewed.
Passport copies of business partners
The trade license renewal requires each partner to submit their passport copy to demonstrate their involvement in the business.
BR/1 Form
The BR/1 form and the license renewal form must be completed and sent to the appropriate authorities to begin this procedure. All partners must sign the document wherever applicable before the form is submitted to the DED for approval.
Submit every pertinent document with the renewal form to DED as soon as the necessary documents are prepared and available. The next step will be to get renewal applications. The process can be completed online or offline, and the applicant can choose any one of the available mediums.
Renew a trade license? How much does it cost?
Depending on the jurisdiction, type of business, and economic zone, a trade license renewal in Dubai may cost different amounts. The best part is that if you have a residential Ejari, you can use the Dubai discount to renew the trade license when paying for lodging.
Renew a Trade License in Dubai -A Brief Know-how
Be sure your lease contract is still in effect for at least one more month before renewing your Dubai commercial license. After that, send the required paperwork and your renewal application (BR/1 form) to the Department of Economic Development (DED).
The DED will provide a payment voucher for renewal fees if your application is accepted. Your license will be renewed once the payment for the same is completed.
Note: Until they receive your money, the DED will not issue the renewal. Additionally, you can apply via their smartphone app. Usually, the procedure requires several days following the submission of your application.
In Dubai, renewing a trade license is a simple process. You must first complete the BR/1 form and include all necessary supporting documentation. Send the application to the Department of Economic Development (DED). Once everything is in order, after reviewing everything, they should get back to you in a few days.
Once the application is verified, the DED sends a payment voucher. The next step is to make payment for renewal fees. Your trade license is renewed after that. The payment to the DED must be completed. Until then, your license cannot be renewed by the DED officially.
Connect with A&A Associate
Renewing a Trade license in Dubai is simpler than ever if you work with A&A Associate Business Setup. Our business setup specialists will support you to ensure everything is in order throughout the renewal procedure.
