How To Obtain Your Trade License in Dubai?

 When you decide to start off a business in Dubai, one of the needs is having a trade license. Every Single company in Dubai is needed to renew their license yearly. The method of renewing the trade license is easy and straight-forward and has a speedy turnaround time for the business owners. The cost of the time, power, is an importance for the Department of Economic Development (DED), Dubai. However, let us first understand the types of trade licenses in Dubai.

Types of Trade License in Dubai

There are three focal types of big business licenses in Dubai through which one can start their business. They are-

1. Commercial License

2. Professional License

3. Industrial License

If you have any of the licenses stated above, then you must renew them annually.

3 Simple Steps to Renew Trade License in Dubai

To renew your trade license, follow these steps.

1. Confirm Validity Tenancy Contract

It is essential to check whether your tenancy contract is valid for not less than three months from the request date. Because at the time of restoring your trade license, the tenancy contract must be valid. If you need to renew your tenancy contract, get sure that it is certified by the Real Estate Regulatory Authority (Ejari)

2. Get Activity-Certain Licensing Approvals

If you are beginning your business in Dubai, there are a limited activity for which you need support from additional experts. For example, a taxi service business wants approval from the Road and Transport Authority of Dubai; a restaurant needs approval from the Food and Security Department, etc. It is essential to make sure you get these authorizations before continuing for the request. If your company is along with those recorded under, then you must acquire RTA’s approval.

• Taxi Services (602201)

• Luxury Motor Vehicles Services (602207)

• Car Rental (711105)

• Non-emergency transport services (602209)

• Out Bound Tour Operator (630411)

• In Bound Tour Operator (630412)

3. Apply for License Renewal

The final step is to apply for the license repair by loading in the application form and accepting the necessary documents to the DED Dubai. Once you apply, the DED will give you a payment voucher. After you receive the voucher, advance to the compensation. You will instantly receive your renewed business license after you make the payment.

Documents Required

• A copy of the existing business trade license

• Passports copy of all investors

• A duly filled BR/1 form

• Photocopy of Rental Contract and an Ejari Registration Certificate

For branches of the free zone, UAE Company, GCC, and foreign companies, a photocopy of the trade license of the parent company are mandatory. The permit must be renewed in advance of its expiry date, or you will have to pay AED 200 monthly fine after the expiry date.

Auto-Renewal Services

To provide a high standard of customer services, DED Dubai has launched the Auto-Renewal Service. You can send an SMS with your license number to 6969. Renewal dues will be generated automatically, and a payment receipt will be sent to your mobile number. The client can pay online or offline through legitimate payment channels. DED will carry a print of the renewed license to the customer through SMS and registered email address.