Author: Commitbiz LLC
A valid trade license provides your business a legal recognition, validating your company. Establishing a business presence within the Emirate requires you to avail of a relevant license. The trade license in Dubai is regulated by the Department of Economic Development (DED). Each license caters to specific business activities.
There are four prominent business licenses in Dubai. However, these licenses only authorise you to perform activities within the chosen jurisdiction. They are:
Commercial License
Industrial License
Professional License
Tourism License
Most Dubai licenses are valid for a period of one year. To renew a trade license in Dubai you need to have the following documents-
A valid tenancy contract/lease agreement.
Ejari registration certificate.
A copy of your previous trade license.
Copies of Shareholder's passports.
After arranging all the documents you need to submit them to the DED along with the application. Once verified you must make the requisite payments to renew a trade license.
The cost for renewing a trade license in Dubai depends on multiple elements. Factors that affect the cost of renewing a business license in Dubai include the choice of jurisdiction, operational activities conducted and many more. To get the exact quotation, get in touch with competent business consultants in Dubai. They will streamline your business voyage by providing market insights and ensure legal compliance.