trade license

A Quick Guide to Renew Your Trade License in the UAE Every business in the UAE needs renewal of their Trade license every year as each license issuing authority issues it for just one year. Therefore, license renewal is necessary for avoiding legal complications such as investor visa suspensions, bank account holdups and no renewals on employee visa. We have prepared a quick guide for helping you to renew your business license in the UAE. The renewal process includes submission of legal documents and paying renewal fee to the Department of Economic Development (for Dubai mainland LLC (Limited Liability company) firms) or the respective Free Zone Authority (for free zone companies). Trade license can be renewed through Authorized Service Centers or with the help of authorized business licensing service providers. Documents required for trade license renewal: Listed below are the documents required for renewing your trade license renewal in the UAE: Typed application Form Tenancy Contract copy and copy of EJARI Registration Certificate or Co- working space Current Business/Trade License Copy Copies of Passports of all business partners Important Steps of Trade License Renewal Step 1: Ensure that tenancy contract of your company is valid for a period of at least one month from the date of application. It is an important step before submitting the trade license renewal application to the DED/Free Zone. Step 2: Submit your application with all necessary documents at a DED service centre/Free Zone authority. Step 3: Collect your payment voucher from the Authority and make your payment. After the payment is made, the renewed license will be printed and ready for you to collect. If all documents given have accurate information, you will receive your payment voucher within 1-2 working days. Once you complete the payment, the renewed license will be printed and ready for collection. If the documents given have accurate information, you will receive your payment voucher within three to four working days. Trade License renewal is mandatory for business owners in the UAE and should be done yearly. If you fail to do the same, it may not only lead to unwanted financial penalties, but also other displeasing consequences, some of which may even end up in the conclusion of your business activities. It is better to hire a professional agency that will assist you with the process and save you a lot of time and hassle. Corpin Consultants have an expert time who can assist you with the entire process of documentation and application of trade license renewal. Contact us today for a free consultation![/vc_column_text][/vc_column][/vc_row]