How do I comply with trade license renewal deadlines in Dubai?
The steps on how to comply with trade license renewal deadlines in Dubai:
1. Check your trade license expiry date:
The expiry date of your trade license is usually printed on the license itself. If you cannot find the expiry date, you can contact the Department of Economic Development (DED) to inquire.
2. Apply for renewal at least 30 days before the expiry date:
You can apply for trade license renewal online or in person at a DED service center.
3. Submit the required documents:
The required documents for trade license renewal vary depending on the type of business. However, you will typically need to submit the following documents:
- A copy of your trade license
- A copy of your company’s memorandum of association and articles of association
- A copy of your company’s latest financial statements
- A copy of your company’s tax clearance certificate
4. Pay the renewal fees:
The renewal fees for a trade license vary depending on the type of business and the location of the business.
5. Track the status of your application:
You can track the status of your trade license renewal application online or by calling the DED.
Penalties for late renewal
If you fail to renew your trade license on time, you may be subject to a fine. The amount of the fine depends on the length of the delay. For example, if you renew your trade license 30 days after the expiry date, you will be fined AED 500. If you renew your trade license 60 days after the expiry date, you will be fined AED 1,000.
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I would recommend using a business setup consultant like BizDaddy to help you comply with trade license renewal deadlines in Dubai. BizDaddy is a leading business setup consultant in Dubai with over 10 years of experience. They have a team of experts who can help you check your trade license expiry date, apply for renewal, submit the required documents, pay the renewal fees, and track the status of your application.