Are you wanting to form your company in the UAE? If so, you aren’t alone. The country is considered to be the business hub of the Middle East. That’s because it is one of the most popular destinations for business owners and entrepreneurs around the world. What makes the UAE so appealing is that it offers no corporate taxes, no income taxes, a world-class infrastructure, and so much more.
In order to have a business in the UAE, you will have to make it legal by getting a trade licenses. It’s a requirement for all businesses in the UAE to have a licenses.
- Commercial License
- Industrial License
- Professional License
- Tourism License
- Agricultural License
- Craftsmanship License
Various Types of Business Licenses are-
Commercial Trade License
All those companies that are involved in many trading activities should issue commercial licenses—for example- Brokerage firms, logistics businesses, car rental services, import and export businesses, etc.
All the manufacturing businesses will require an industrial license for work. It would be great if you have a physical office in Dubai, UAE, to issue the industrial request.
The people who have the local service business need to issue professional licenses. Professional support is given based on qualification and your expertise.
How To Renew the Trade License in Dubai, UAE?
The license renewal process is straightforward and straightforward in UAE. The online license renewal option is also present, and it’s totally up to you to select the function.
The steps for license renewal are below-
- Step 1
Check If Tenancy Contract is Valid
When you open a business or company in Dubai, UAE, you rent a place. The rented home is your business premises. Make sure that the tenancy contract is valid and is not expired while renewing a license. If your tenancy contract expires, make sure to continue it before moving forward by the Real estate regulatory authority.
To renew the ejari documents and the tenancy agreements, collect and submit the following documents- visa, emirates id, tenancy contracts, passport, recent utility bill, landlord’s passport, trade license, and the deeds of the rented property.
- Step 2
Submit Licensing Approvals
You need to take approval from a relevant authority. As a result Submit all these licensing approvals while renewing the DED license.
For starting the transportation business, you need approvals from the roads and transport authority. You need approvals from the Dubai Health Authority; for starting an education business, you need licenses from KHDA, and telecom business needs permission from Telecommunications Regulations Authority.
- Step 3
The final step is to apply for the license after you renew your tenancy contract and licensing approvals. Submit all the documents that are important for license renewal. Following is documents list-
- Visa and Emirati ID
- NOC from a local agent
Check and submit all these documents very carefully; otherwise, your licenses application will get rejected.
- Step 4
Pay the License Renewal Fees
After you submit all the documents very carefully, the Next Step is to make the payment. Apparently Pay the amount that is to renew your licenses application. After all, steps are complete; your licenses will get renewal soon.
How To Apply For Licenses Renewal?
After, as we are aware of the process, we should how can we apply. So there are many options; either you can apply online, or you can use offline. You can submit it by DED’s online portal website. The second option is through an app called the business in Dubai app. The next option is offline. There are more than 30 service centres, law firms, and a DED happiness lounge present in Dubai’s business village. So you have many options to renew your business or trade licenses.
As a result Receiving your business licenses is the final step to company formation. Here is the process that you have to go through to set up your business in the UAE and get your business licenses:
- Get required permission
- Select a business activity
- Choose a local sponsor
- Select a legal form or structure
- Reserve a trade name
- Apply for initial approval
- Get external approvals
- Rent an office
- Register your tenancy contract with Ejari
- Submit important documents
- Make Payments
The UAE is known for its simple company formation, but that doesn’t mean you won’t have any problems. There’s a lot of paperwork that comes along with forming your company in this business hub, and that could cause some issues if you aren’t familiar with the legal system in the UAE. Don’t let anything put a delay in your business setup.