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Trade license renewal Dubai is an essential process to ensure the continuity of your business in the Emirates. Likewise, to continue working in Dubai, your business requires undergoing a trade license renewal procedure, annually. To avoid unsavory consequences like blacklisting, hefty fines, or the termination of your business, you must be aware about the process of UAE Trade Licenses and must renew your license on time.
Trade licensing in Dubai is a part of DED (Department of Economic Development), which is a well-oiled and organized department allowing for a smooth procedure. Do not let the process scare you, learn about trade license renewal Dubai: a step-by-step guide.
For the process of trade license renewal Dubai, you need to have some essential documents at hand to avoid any potential issues and latency in the process.
You can send these documents with the form to the DED (Department of Economic Development), either online or offline, as per your requirements. The governmental authorities will process and handle the renewal seamlessly, regardless of the method of submission.
For trade license renewal Dubai, follow these simple steps:
The costs of trade license renewal Dubai depend on factors like the type, size and location of your business. These costs can overall range from about 5,000 AED to 25,000 AED or more. This may include additional fees for approvals from the governmental authorities.
To determine the costs of renewal of different types of trade license in UAE, seek assistance from the authorities concerned or let us assist you here at DUBIZ.
Not renewing your trade license in Dubai at the stipulated time can have a lot of unwanted consequences. It being a legal requirement, can lead to issues with the governmental authorities and may deem your business illegal. It may lead to fines, penalties and even the blacklisting of your business.
This may also impact your business operations, making you unable to carry out daily business functions like bank transactions, signing contracts and even obtaining any required permits. This may further lead to the tarnishing of business reputation and trust in the business community and with your customers.
Audits and inspections by the DED (or the pertinent authorities) might result in legal action, penalties and more; these can be:
In case you miss the deadline, DED offers a 30-day grace period for renewing trade license in Dubai mainland. There may be fines if you fail to renew your trade license in the given period. Therefore, you should get your license renewed within the given time limit to avoid penalties.
The process for trade license renewal Dubai can be overwhelming if you are unfamiliar with the process. But no need to worry! For any guidance and assistance, consult our experts at DUBIZ and they will help you renew your trade license seamlessly. We are your ultimate stop for the best assistance service in the market. Best of luck! Here is to long term success and a prosperous future.
Feel free to contact DUBIZ at +971 562986853 or WhatsApp us at +971 569973630. You can also drop an email at info@dubiz.co for any inquiries.