Renewal of trade license in Dubai

Renewing a business license in Dubai is an essential process to ensure business continuity and compliance with local laws and regulations. In this context, the role of Itqan Company comes as a strategic partner to facilitate this process and provide the necessary support to contractors and businessmen.

Renewing a business license in Dubai is a challenge faced by many businessmen, as the process requires a precise understanding of the procedures and requirements, in addition to time and effort to complete it successfully. This is where Itqan’s services come into the picture, providing specialized guidance and comprehensive support to its clients to ensure that the license renewal process goes smoothly and efficiently.

Through this article, we will explore together the business license renewal process in Dubai and how to handle it successfully, focusing on Itqan’s role in providing support and assistance in this context. Let’s delve deeper into this important topic and discover how Itqan can be your strategic partner in your business license renewal journey in Dubai.

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Renewal of trade license in Dubai

Renewing a business license in Dubai is a vital procedure to ensure business continuity and compliance with local laws and regulations. Renewing a license requires several steps and procedures that include compliance with legal requirements and proper submission of required documents. Here’s an overview of the business license renewal process in Dubai:

Preparation and Submission: The business owner must check the expiration date of his business license and start preparing for the renewal process in a timely manner. He must also prepare the necessary documents required for application.
Submitting the application: The renewal application is submitted either online via the designated e-government platforms or by visiting the competent authorities in the relevant government agency.
Payment: Renewal requires payment of applicable fees according to the business classification and license type.
Screening and Review: Screening or review of submitted documents may be conducted to ensure that they meet legal and regulatory requirements.
Receiving the renewed license: After approving the renewal request and paying the fees, the renewed commercial license is received, which confirms the continuity of the business.

Steps to renew a commercial license in Dubai

Renewing a business license in Dubai requires following a series of important steps to ensure that the process is completed successfully and in a timely manner. Here are the steps to renew a trade license in Dubai:

Advance preparation: Check the expiration date of your business license and start preparing for the renewal process before the expiration. Make sure you have all the necessary documents required for the renewal process.
Submitting the application: Submit an application to renew the commercial license either online through the designated e-government platforms or by visiting the office of the competent government authority. Complete all required forms accurately and submit them with the necessary documents.
Payment of fees: Pay the applicable fees for the renewal process. Fees can vary depending on the type of business and company size.
Examination and review: Some cases may require examination or review of submitted documents to ensure that they meet legal and regulatory requirements.
Receiving the renewed license: After the competent authority approves the renewal request and pays the fees, the renewed commercial license will be reissued.
You can collect the renewed license in person from the government agency office or it can be delivered to you by email or courier.
Updating data: After receiving the renewed license, make sure to update all necessary data such as address and contact information.

Cost of renewing a trade license in Dubai

The cost of renewing a business license in Dubai may vary based on several factors, including the type of business, the size of the company, and the legal and regulatory requirements currently in effect. However, general estimates of the cost of renewing a business license in Dubai can be provided:

Basic renewal fees: These include the fixed fees that must be paid to renew the business license.
Processing Fees: The relevant government body may charge additional fees to process the renewal application.
Activity Fee: These fees may vary depending on the type of business activity the employer conducts.
Data Update Fees: Additional fees may apply to update company-specific data such as address and contact information.
Consulting Services Fees: If assistance is required from consulting companies such as ITQAN, there may be additional fees for consulting services.

Types of business licenses available in Dubai

In Dubai, there are several types of business licenses that investors can choose from depending on the type of business activity and company requirements. Here are some types of business licenses available in Dubai:

Local commercial license:

This license allows local commercial companies and partnership companies to conduct commercial activities in the country.
These companies can carry out general or specialized business activities depending on the scope of the license.

Industrial license:

This license allows the establishment, operation and maintenance of industrial facilities and factories in Dubai.
This license requires special approval from the authorities concerned with industry and manufacturing in the emirate.

Professional business license:

This license allows the practice of liberal professions and specialized service professions such as medicine, engineering, accounting, and legal consulting.
License holders must provide the professional certificates and experience required to practice their activity.

Tourism License:

This license allows companies to provide tourism services such as tourism, travel, events and entertainment.
These companies include travel agencies, tour companies, hotels and resorts.

Retail License:

This license allows companies to sell goods and services to the public directly through stores, online stores and malls.
Activities that can be undertaken include retail clothing, food, electronics, jewelry, and others.

Necessary conditions for obtaining a commercial license in Dubai

To obtain a business license in Dubai, there are a number of necessary conditions that must be met. Some conditions can vary depending on the type of license and desired business activity. However, here are some general conditions that must be met:

Local partner: In some cases, obtaining a business license requires a local partner who owns a certain percentage of the company. This varies based on the type of activity and license required.
Commercial place: A suitable commercial place must be available to practice the intended commercial activity. This can be an office, shop or warehouse depending on the needs of the business.
Company documents: The required company documents must be submitted, which include a copy of the articles of incorporation, the commercial register, the geographical location of the company, and details of partners and shareholders.
Financial history: The financial history of the company applying for a business license must be submitted, and you must have adequate capital to conduct business activity.
Obtaining government approvals: You may need to obtain the required government approvals to conduct some private business activities such as health, safety and environment.
Work Visas: The necessary work visas must be provided for employees who will work in the company.

Documents required to renew commercial licenses in Dubai

To renew a business license in Dubai , the required documents may vary based on the type of business activity, the type of company and the legal requirements currently in effect. However, here is a general list of documents that are usually required for the business license renewal process in Dubai:

Renewal Application Form: Must be filled out and submitted correctly with all required details.
Copy of current business license: A certified copy of the current business license that needs to be renewed must be submitted.
A copy of the passport: of the employer or CEO, especially if he is a foreigner.
A copy of the rental contract: If the company relies on an office or office space, a copy of the office rental contract must be submitted.
Health insurance certificate for employees: The relevant authority may request a health insurance certificate for employees to ensure the company’s compliance with health and labor regulations.
Financial Reports: The company may need to submit recent financial reports to prove its continuity and commercial success.
Administrative office approval form: In the event that there is an external administrative office, the company may need to submit an administrative office approval form from the relevant authority.

At the conclusion of the article, we reiterate the importance of renewing the commercial license in Dubai as a vital step for business continuity and success in the UAE market. Through Itqan Company, investors can benefit from its experience and distinguished services in the field of business management and facilitate the license renewal process with complete ease, which contributes to saving time, effort and costs. The benefits of cooperation with Itqan are not limited to renewing the license only, but also extend to providing support and advice in multiple areas to ensure the growth and prosperity of business in Dubai. By utilizing Etqan’s services, investors can achieve success and continuity in Dubai’s dynamic business environment.