December 17, 2019
A business trade license is a mandatory requirement for every business entity to run their operation in the UAE. If you want to start your business in Dubai, then you should first consider all the licensing procedures and governmental permits. Every business license in the UAE needs to be renewed every year.
To do this, a lease agreement is required (Ejari) from your office. With the advancement of business opportunities in the region, the UAE government has allowed old companies to renew their licenses through a Co-working agreement.
Dubai trade license must be renewed after every one year to avoid any kind of conflict. A trade license in Dubai is a legal certificate that allows a businessman or investor to carry out their business activities in the region.
Any organization involved in other activities which are not mentioned in their license is illegal in the country.
Acquiring a trade license in Dubai depends on your nature of business. There are mainly 4 types of business licenses offered by the Department of Economic Development.
You can renew your company trade license by following the process provided below by choosing DED’s online and offline options.
First of all, make sure your tenancy contract is valid for at least one month from the date of your application.
Put forward your application and complete all the requirements required from the DED service center.
Collect your challan form from the DED and process your fee.
Once the payment is completed, the process is completed and you’re ready to collect your renewed trade license in Dubai within three to four working days.
After making the payment as per the process provided above, DED will issue you a renewed trade license with a validity of one year. As per the renewal fees, it varies for every trade license. A business trade license in Dubai will cost you around 15,000 AED to 50,000 AED. The renewal process will cost you around 8000 AED to 15,000 AED.
To get a customized cost of trade license in Dubai, contact our business setup consultant in Dubai. Setup Dubai business can help you with the most affordable business license in Dubai. For a detailed description of the cost, call us at +971 4 310 8000 or write a quick Enquiry.
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