Shuraa

Tag: business trade license

  • Three simple steps to renew business license in Dubai

    Three simple steps to renew business license in Dubai

    Getting a business license renewed is easier than ever before! Business license in Dubai is renewed annually. You can now renew your business license in Dubai in three simple steps. Thanks to new measures adopted by Department of Economic Development – DED in Dubai.

    If you are a businessman or entrepreneur, you could renew your business license on your own. The Dubai Department of Economic Development DED has put forth several initiatives. Like the smart electronic services and registered agents that help you renew your business license in Dubai. Send a SMS and renew business license in Dubai. Moreover, online renewal helps reduce delays and save time and efforts spent in visiting the ministry offices.

    These measure where brought in to develop easy business procedures and streamline an accommodating environment.

    Here are the three simple steps that would help you renew your business license –

    Check the validity of the tenancy contract:

    The tenancy contract should have a minimum validity of one month, and the longer the better. Place of business is extremely important when it comes to company license renewal Dubai, thus double-check on the validity of your company’s tenancy contract in order to avoid delays in getting a business license.

    Get the approvals for the activity:

    Every specific business activity has selective requirements as well as may need certifications and licenses from specific authority. For instance, a car rental company or a private motor vehicle service need an approval from the Dubai Road and Transport Authority (RTA), whereas a private medical clinic needs a certification from the Ministry of Health and Prevention of Dubai and so on. Thus, get approval for the business activity for the respective judicial or governmental department well-in-advance before you apply for the business license.

    Apply for business license renewal:

    Collaborate all the certifications and the application for the trade license renewal in Dubai. Submit it to Department of Economic Development DED is several ways.

    • Renew your business license offline

    Department of Economic Development (DED) can renew your business license through various offline modes such as business service provider, authorized service agents, law firms, happiness lounge, etc.

    • Renew your business license online

    DED has a comprehensive website and e-Services for the business customers through which they can renew business license online. Getting business license renewed online can be reliable with minimal paperwork as well as speeds-up the process.

    • You could do it through auto-renewal

    In order to improve the country’s investment and business climate, the Economic Department has initiated an auto-renewal process through which the renewal could be fast-tracked. Investors seeking to renew their license only need to send an SMS with their license number to 6969. The business license renewal cost is sent via SMS. The business owners can then pay this fee through offline as well as online methods.

    Matter of Concerns:

    Delay and non-renewal of Business License in Dubai can attract penalties and even could blacklist the company. Moreover, plans for setting up business in the future might also be jeopardised. Thus, several businessmen feel appointing a business service provider in UAE is a safer and easier option.

    Remembering the due date of your business license is not the only factor. Business license renewal takes longer time, especially if the documents are not in order. You need to be certain about the validity of your tenancy contract and certifications involved. Running around the ministries and governmental authorities at the last minute could be tiresome. Therefore, investors and businessmen feel best to outsource the renewal process.

    The DED has made the regulations extremely simple for businessmen in Dubai. However, help from a business setup services provider makes administrational procedures even more convenient. A business setup service provider in Dubai significantly improves the quality of company formation and regulation. As a businessman you have instant awareness about the procedure, and you can be carefree on what goes next.

    Go with Shuraa Business Setup–one of the well-known and established business setup service providers in UAE.

    Shuraa Business Setup helps establish and obtain information about your company from the authority. We also issue and renew commercial registrations, keep a tab on the expiry dates and remind any renewals involved.

    Shuraa Business Setup also offer number of administrative services that enable you to easily manage and operate your businesses. To know more speak to our business consultants or drop in a quick inquiry and we will get back to you!

  • Business License in Dubai, UAE – A Complete Guide

    Business License in Dubai, UAE – A Complete Guide

    Business licenses in Dubai is compulsory requirement for every type of company formation. Setting up a new business in Dubai can be an exciting prospect and several variables need to be considered. However, the most important of all is business licensing in Dubai.

    This article will provide you a complete guide on the various types, structures and procedures involved in Dubai business licensing.

    Why do you need a business license in Dubai?

    A Dubai based business license validates your company as a legal entity certified to do business. Not just this, the business license also identifies you and your business enterprise. It takes accountability of your commercial proceedings as well as protects the public health and safety.  On the other hand, it also allows to the governmental entities to regulate and survey the commercial proceeding in the city.

    Watch the video for further details

    Who provides business licenses in Dubai?

    The Department of Economic Development (DED) is a government body entrusted to license companies or individuals who desire to carry out businesses in Dubai. The Department of Economic Development provides business licenses in Dubai. Dubai DED is the entity that does not only provide business licenses, but also regulates the procedures related to business licensing.

    A DED licensed business is generally known as a “local company”. You must note that only mainland companies are registered and licensed by the Department of Economic Development, unlike free zone companies – those are licensed by private authorities.

    What are the types of business licenses in Dubai?

    There are mainly four types of business licenses in Dubai as well as around the UAE.

    1. Commercial license for general trading businesses
    2. Professional license for service-related businesses
    3. Industrial license for manufacturing goods
    4. Tourism license for travel and tours industry

    Business licensing is the most initial stage of starting a UAE business, but you also need to know that there are different agencies and jurisdiction that manage the system of business licensing. Watch the video to understand it in detail.

    Which is the best type of business license in Dubai?

    All the business licenses in Dubai are industry specific. While some licenses would be apt for some businesses, other may not be compatible for the related business activities.

    This means that you can apply for a business license depending on the industry, business activity, the structure of the company, etc. However, the suitability of the license is different for each business. Also, the region you decide to set up the business in Dubai also plays an important role to determine the best business license for you. The right way would be to consultant a company formation expert. An expert can analyse and advice as per your commercial needs and future scopes of the company. Click here to consult a company formation expert for FREE Contact us.

    How to Get a Business License in Dubai?

    So, if you have learnt it all about the various business licensing options available, then you would be surely wondering how to get a business license in Dubai? What documents are required to license your business? Or are there any major conditions for getting a Dubai business license?

    Various jurisdictions and business activities have its own licensing requirements. However, if you opt for a mainland license in Dubai then below are the most probable requirements:

    • One of the business partners needs to be present during the process for applying a business license in Dubai.
    • Passport copies of all the business partners as well as mangers depending that are required as per the business activity.
    • A NOC from the sponsor of the company for expat investors or foreign partners.
    • Copies of the residency visa for all the business partners.
    • You need to ascertain your business activity and legal structure for the company along with the reservation for the trade name.
    • Also, an initial approval from the DED and external approvals as required needs to be submitted with the application.
    • The tenancy contract for the office space and the Ejari also is a requirement to get the business license in Dubai.

    All these documents are submitted by a PRO to the Department of Economic Development (DED). And after the fees is paid the license is issued.

    Cost of Business License in Dubai, UAE

    The cost of a business license in Dubai typically ranges between AED 7,000* and AED 30,000*, depending on the location and type of business setup:

    • UAE Mainland: AED 12,000* to AED 30,000*
    • UAE Freezone: AED 7,000* to AED 20,000*

    The exact cost can vary based on factors such as business activities, location, and government fees.

    How to Renew your Business License in Dubai?

    Business license in Dubai needs to be renewed on an annual basis. Companies and commercial entities need to go through the process of documentation for renewal of the business license. Also, the business license must be renewed before the due date as a penalty is charged on late renewals. Getting a business license renewed can be made easier with the help of a business setup service providers in the UAE.

    Speak to Shuraa Business Setup

    Shuraa Business Setup is the only destination to get all the business licensing services under one roof! At Shuraa, our business setup consultants help you choose the right license for your business. We also make you understand the various process of getting a business license.

    Shuraa Business Setup also communicates with the Department of Economic Development (DED) for all your licensing processes and ensure you get every approval that is required for the business. We do not only help you get the business license but also renew it annually so that can save yourself from delays and penalties.

    Would you like to know more on business licensing in Dubai or anywhere across the UAE? Need to know the difference between licenses for mainland as well as free zone regions? or may you need to estimate the cost of business trade license in Dubai?

    Book your FREE consultation with our Shuraa’s Business Setup consultants today!

    Call us on +97144081900 / WhatsApp +971507775554. You can also email us at info@shuraa.com or simply log on to blog.shuraa.com/