How do you renew a license? Its processes are being continually upgraded to maximize efficiency and encourage ease of business. You can apply online to get your license renewal. A valid business license is one of the principal requirements for businesses operating in the UAE.
Without a valid license to operate, a business risks the chances of incurring heavy penalties.
Be cautious to renew the business trade license early, before the expiry date as delay may incur fines and other such penalties. B2B Business Setup consultants offers best service for getting trade license and send you reminder for trade license renewal. All documents will be delivered at your doorstep. The Department of Economic Development (DED) regulates, monitors, and manages the licensing procedures for every enterprise in the emirate. When you need to renew your tenancy contract, do get the approval from Ejari, the Real Estate Regulatory Authority.
According to the UAE rules the license is a legal certificate that allows an investor to engage in the events list within the license. The DED have adopted various measures making renewal procedures simpler. This saves time, money and efforts spent on the overall business license renewal process.
Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, issued Decree No. It is important to note that the trade license also needs to be renewed annually and the trade license renewal fees need to be paid according to rules and regulations set by the Department of Economic Development (DED). Our PRO will submit all the required documents to the authorities to get the payment Voucher for your trade License. Dubai Economy at a Glance.
How much is the fine incase of late renewal of trade license ? Can I do trade license renewal online? After this, you’re required to renew your license. The renewal of trade license is valid for another years. The licenses are the legal document that allows companies to engage in the activities specified within the company documentation in the UAE and in accordance with the regulatory requirements.
There is a large part of business closing in the UAE which deals with the compensation for its employees. The employer has to deal with the cancellation of staff visas and work permits. The approval document should be submitted with the copy of the previous license. Pay the renewal fees to renew your trade. The license cost for setting up a Limited Liability Company starts at AED 10while the starting price for the free zone trade license is AED 0in UAE.
The trade license must be renewed every year according to the commercial laws of UAE. Renewal may be made in the Department's main building or any of its branches or the UAE post office. If a company has several branches, each branch can opt for different activities provided they are enlisted in the main trade license of the company in UAE.
Trade License Renewal Process and fee. Another 2AED penalty is imposed on failure to renew a trade license.
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