Home » What Are The Requirements To Renew DED License In Dubai?

What Are The Requirements To Renew DED License In Dubai?

by Steven Brown
Renew DED License

Renewal of trade license is a thing which is mandatory to continue your business activity without being charged. Many foreign investors and businessmen are very much concern and focused to get their license renew before the expiry date. To avoid any sort of legal restrictions. Dubai is one of the most business friendly states. That is why their economy is booming so rapidly in whole world.
Also, this region is now become dream of many entrepreneurs which they fantasize and work hard to achieve.

Why you need to renew your license in Dubai?

If you are registering yourself for starting business activities in Dubai, you definitely need a DED license to start your business operations legally. Which is why you need to get your DED license renewal in time so that you do not break any norms and rules just for the sake of some worldly benefits.

This is quite time taking and tricky procedure which works smoothly if you take help form some business setup professionals who offer these services. They will surely make it easy, hassle-free and error free work for you.

DED license renewal fee:

In many cases the DED license renewal fee is similar to the license fee which may cost you around from AED 8,000 to AED 15,000 + service charge/Local agent charge.

The trade license renewal fee in Dubai is a cost assessed by the government for the renewal of your business’s trade license. It is usually determined by the sort of license you are looking for as well as your industry.

What are the requirements to renew DED license in Dubai?

This is a proper way which is decided and assigned by the DED department which look upon all the legal sensitivities of business, economic, and developmental sectors in Dubai. Below is the list and details of requirements for DED license renewal in Dubai:

·        Old Trade license

This is one of the common facts, to renew some documents, you must submit either original or a copy of the actual document. Similarly, you are responsible for submitting old and actual trade licenses to support your renewal application for trade license renewal. And if you failed to submit this, your renewal application is not acceptable.

·        Passports copies of all partners/ shareholders

If you are the only stakeholder in your business, you must submit your passport for license renewal. Otherwise, if your business involves some partners, copies of their passports are a must when you apply for renewal. Your application will be submitted along with these copies.

·        Tenancy legal contract

Your tenancy contract is one strong document that makes the renewal process quick and easy. However, your contract must have one-month validity when you submit it for a renewal if you are not sure about the validity so you can confirm your tenancy contract from Ejari because this contract can impact the renewal of your DED trade license in Dubai quite strongly.
If the tenancy contract is not authentic, you may face some problematic situations for your license renewal. Contacting and getting help from professionals will minimize any sort of risk in the procedure.

·        BR/1 agreement

This is an agreement sort of compulsory document filled to initiate the renewal procedure. All business shareholders must sign this form to show their approval and acceptance of the DED license renewal application.

What if my license does not renew within the given time period:

Well, renewal is compulsory to continue your business operations. If you fail to renew your license within the given time, prepare to pay fines and high penalties. Even you might get blacklisted for life if you continue to work with expired license and get caught by the authorities.  

Also, your business expansions as per your future plans may be restricted if you do not renew your license in time. Your company’s reputation may affect if you are stuck in unwanted complications and hassle.

 Step-wise procedure for license renewal:

  1. Gather all verified documents which are mentioned above
  2. I filled out the renewal application and BR1 form
  3. Obtain your payment token
  4. Pay the legal fee for renewal

Conclusion:

Right actions are very important to get better and trouble-free results. So, hire the best business setup company if you need license renewal or want to get your professional license in Dubai. 

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