Steps to renew a commercial license in Dubai, how to renew a commercial license in Dubai? Many entrepreneurs and investors are wondering how to renew a commercial license in Dubai because Dubai is a fertile area for emerging and giant projects due to its many factors that have made it an investment destination for foreigners and Arabs. In the following lines, we will discuss how to renew a commercial license in Dubai and the types of commercial licenses in Dubai and destinations. Obtaining commercial licenses in Dubai .
The importance of commercial licenses for establishing companies in Dubai
Commercial licenses play a vital role in establishing companies in Dubai , as they are the legal basis that allows the company to conduct its commercial activity in an official and legal capacity. The trade license serves as legal recognition for the company, allowing it to benefit from the advanced infrastructure and attractive investment environment in Dubai. Commercial licenses help build trust with customers and business partners, and enhance the company’s reputation in the market. In addition, a business license provides a legal framework that regulates business operations and helps comply with local laws and regulations, protecting the company from any future legal accountability. With a business license, companies can expand into local and international markets, and obtain financing from financial institutions, contributing to sustainable growth and success.
Obtaining a business license in Dubai also provides special tax and customs benefits for companies, especially in free zones where investors enjoy full tax exemptions on income and profits for specified periods of time, which enhances business competitiveness. The trade license also allows companies to benefit from modern infrastructure, advanced logistics services, and Dubai’s strategic geographical location, which is considered a gateway to global markets.
In addition, the trade license enables companies to participate in trade fairs and major economic events hosted by Dubai, opening up opportunities for them to network with entrepreneurs and investors from all over the world. Thanks to this license, companies can also employ specialized competencies and skilled workers from inside and outside the Emirates, which contributes to developing and enriching the company’s operational and administrative expertise.
In this context, Itqan Company provides comprehensive support to investors in obtaining commercial licenses, as it undertakes all necessary procedures starting from submitting applications, through coordination with the relevant government departments, all the way to receiving the license. This integrated support ensures investors a smooth and hassle-free experience, enabling them to focus on developing their business and achieving their strategic goals in a prosperous and encouraging business environment like Dubai.
How to renew a trade license in Dubai
Before starting the renewal process, you should check the license expiration date. This can be done by visiting the Dubai Department of Economic Development (DED) website or reviewing the company’s official documents. There are many ways to renew a commercial license in Dubai. You must follow the following steps:
Renewing the license via the electronic portal
The Department of Economic Development in Dubai provides the service of renewing commercial licenses through the electronic portal. You must create a user account and log in to the electronic system to submit a renewal request. You must provide the required information and upload the necessary documents.
Payment of fees
The fees required for the license renewal process must be paid. Details of fees and payment methods can be obtained through the Department of Economic Development’s electronic portal.
Re-apply for sub-licenses
In case there are sub-licenses linked to the main business licence, license renewal may also require applications to renew these sub-licenses.
Review and approval
After submitting the application and paying the fees, the Department of Economic Development will review the application and verify the accuracy of the information provided. If all requirements are met, the Department of Economic Development will issue a new business license permit.
Receive the new permit
After the renewal application is approved, the new commercial license permit must be received from the Department of Economic Development. You may need to appear in person or you can arrange for a power of attorney to collect.
It is important to commit to renewing the business license on time and comply with all requirements specified by the Dubai Department of Economic Development. It is recommended to contact your local DED office for updated and detailed guidance on the license renewal process.
Types of business licenses in Dubai
Among the most important points that must be raised about how to renew a commercial license in Dubai, also are the types of commercial licenses. There are five types of commercial licenses in Dubai, and each license differs in cost from the other license. Here are the types of commercial licenses in Dubai, of course. Here is a table showing the types of commercial licenses. In Dubai and examples of each type:
| License type | Description |
|---|---|
| General commercial license | It allows the practice of general commercial activities and the purchase and sale of all types of products. |
| Contracting license | It allows companies to carry out contracting, construction, civil engineering, maintenance and installation work. |
| Import and export license | It allows the management of import and export operations for goods and products. |
| Professional services license | It allows companies to provide professional services such as legal consulting, accounting, engineering consulting, and real estate services. |
| Warehouse and storage license | It allows companies to provide storage, distribution and warehouse management services. |
| Industry and manufacturing license | It allows the establishment, operation, and management of manufacturing and industry units to produce various products. |
| Logistics and transportation license | It allows the provision of logistics services such as shipping, customs clearance, transportation and distribution. |
| Retail and Retail License | It allows the establishment and operation of stores, shops and outlets to sell products to the public. |
| Tourism and hotel services license | It allows the provision of tourism services such as hotels, restaurants, travel and tourism services. |
Business license authorities in Dubai
There are several entities responsible for issuing commercial licenses in Dubai . Here are some of the main ones:
Dubai Department of Economic Development (DED):
DED is the main body responsible for regulating and implementing commercial activities in Dubai. You can contact your local DED office for information about procedures and requirements for company registration and obtaining a business license.
There are also several free zones in Dubai, such as Jebel Ali Free Zone, Dubai Technology and Media Zone (DTEC), and Dubai World Trade Zone (DWC). Free zones are an ideal environment for startups and international companies, and provide easy and convenient procedures for obtaining commercial licenses.
Dubai Investment Authority
The Dubai Investment Authority provides support and advice to foreign investors wishing to invest capital in Dubai. You can contact the Investment Authority to obtain information about the procedures for obtaining commercial licenses and investment in various sectors.
The General Authority for Competition and Consumer Protection, in that the General Authority for Competition and Consumer Protection is responsible for regulating and monitoring commercial activities in Dubai and protecting the rights of consumers. There may be some requirements and licenses specific to certain business sectors that must be complied with.
Itqan services for renewing the commercial license in Dubai
Itqan Company is one of the companies specialized in providing business management and consulting services in Dubai, and provides a range of services including renewing commercial licenses. If you would like to renew your business license using our company’s services, it offers a simplified and smooth process, and these services usually include the following steps:
- Initial Consultation: It starts with a consultation session to understand your requirements and business needs. This session can be free and take place over the phone or through an in-person meeting.
- Document auditing: Itqan team will review all documents required for renewal, such as the current commercial license, articles of incorporation, rental certificate (Ejari), and other necessary documents.
- Preparing and compiling documents: After reviewing the documents, the Itqan team will assist you in preparing and compiling all the necessary documents to submit to the Dubai Department of Economic Development (DED).
- Submitting the application: Submit the renewal application on your behalf to the Dubai Economic Development Department (DED) and ensure that the application meets all conditions and requirements.
- Follow up on the application: Follow up on the application with the concerned authorities to ensure the required approvals and speedy completion of procedures.
- Payment of fees: The Itqan team can handle payment of the fees required to renew the license, including Department of Economic Development fees and any other additional fees.
- Receiving the renewed license: After completing the procedures, the Itqan team will ensure that the renewed commercial license is received and delivered to you, either electronically or in physical form.
Renewing a business license in Dubai is a vital process to ensure that business continues legally and orderly in one of the most important commercial cities in the world. By following the appropriate steps and preparing the required documents, business owners can ensure that their license is renewed easily and quickly, allowing them to focus on growing their business and achieving sustainable success. Using the services of specialized companies such as “Itqan” can add great value, as it saves time and effort and ensures full compliance with local laws and regulations. Ultimately, Dubai remains a business-friendly environment thanks to its advanced infrastructure and effective government procedures, making it an ideal destination for investors and entrepreneurs from all over the world.
Frequently asked questions about the steps to renew a commercial license in Dubai:
When should I renew my trade license in Dubai?
The Dubai trade license must be renewed annually before it expires.
What are the basic steps to renew a trade license in Dubai?
The renewal application must be submitted via the Dubai e-Business platform or visit the local Economic Authority (DED) office.
What are the documents required to renew a trade license in Dubai?
Required documents include a copy of the current activity license, a copy of the company contract (if it is a company), and a copy of the passport of the owner or shareholders.
How can I pay the trade license renewal fees in Dubai?
Renewal fees can be paid online via the Dubai Business Portal or using a credit card.
What is the time required to process a commercial license renewal application?
Renewing a license in Dubai usually takes several days to two weeks, depending on the speed of processing by the relevant authority.
Can I modify company data during the license renewal process?
Yes, you can modify company data such as address, shareholders, or activities during the license renewal process.