Trade license renewal in Dubai is crucial if you want to operate your business legally and smoothly. Failure to do so can lead to unfavorable consequences for your business, including paying hefty fines as well as closure of your establishment. In this guide, we’ll show you how to renew your trade license in Dubai in 2024.
Why renew trade license in Dubai in 2024
Ensuring that your trade license is operational is part of good business practice. Having a valid trade license gives you the confidence to run your business smoothly and bid for projects and contracts, both in the private sector as well as in government. A valid business license is among the requirements for securing contracts, and getting into payment systems that will allow you to get paid for products sold or services rendered.
How to renew your trade license
Step 1: Review your rental agreement
Dubai’s Department of Economic Development (DED) will proactively remind you to renew your trade license, and you’re expected to complete the process within that time frame.
Step 2: Gather the required documents for renewal
If you have a trade license that will expire soon, here are the necessary requirements to renew your trade license:
- Ejari certification
- A valid lease contract
- Old business license copy
- BR1 form
- A copy of your passport if you’re the sole owner, or your stakeholders as well if you have business partners
Step 3: Certify your contract with Ejari
Renewing your trade license in Dubai will require you to register for a certificate that’s certified by Ejari. Without the certification, you will have to pay a fine.
Read: How to register Ejari online in Dubai for 2024
Step 4: Proceed with the application process
Apply to the DED with the necessary documents. It’s important to note that application filing with DED is compulsory in order to initiate the process itself. You can start with the BR1 form that is required to be filled out.
Then, wait for the result of your application. This only typically lasts for a few days. Once you get verified, you’ll receive an invoice to pay for the renewal fee. Make the payment to complete the registration process for your renewal.
Online renewal option
You can also renew online via the mobile app, providing you a seamless and a much more convenient way in renewing your trade license in Dubai. You can download the DubaiNow and Dubai REST apps. Follow the steps provided in the application for an easier renewal process.
Additional requirements for free zone renewal
If your company is in a free zone in Dubai, there will also be additional requirements that may include a no objection certification (NOC) from the sponsors and a continuity of existence certificate.
Renewal fees
Renewal fees vary based on factors such as economic zone and jurisdiction. Consult professionals for a detailed cost quote tailored to specific business requirements. To give you an idea, the typical range for renewing trade licenses in Dubai can be between AED 8,000 and AED 15,000. However, once again, it’s important to note that these are just estimates, and it may vary depending on requirements as well as the type of commercial activity your business is operating on.
Final thoughts
Trade license renewal in Dubai ensures uninterrupted business operations and credibility in the UAE market.
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