How to reinstate an expired trade license in Dubai?
An expired trade license can be a major setback for any business in Dubai. It can prevent you from operating legally, and it can also lead to fines and penalties. However, there is a process in place to reinstate an expired trade license, and it is not as difficult as you might think.
- If your trade license is expired: you will need to apply for reinstatement. You can do this by submitting the following documents to the Dubai Economy:
- A completed application form: The application form can be found on the Dubai Economy website. You will need to provide your name, contact details, trade license number, and the reason why your trade license expired.
- A copy of your trade license: You will need to provide a copy of your expired trade license. If you do not have a copy of your trade license, you can request a duplicate from the Dubai Economy.
- A copy of your Emirates ID or passport: You will need to provide a copy of your Emirates ID or passport. This is to verify your identity.
- A copy of your tenancy contract: You will need to provide a copy of your tenancy contract. This is to prove that you have a valid leasehold in Dubai.
- A letter explaining why your trade license expired: You will need to provide a letter explaining why your trade license expired. This could be due to a number of reasons, such as financial difficulties, illness, or a change in business plans.
- Pay the reinstatement fee: The fee is AED 1,000 for the first year and AED 500 for each subsequent year.
- Wait for your trade license to be reinstated: The Dubai Economy will review your application and reinstate your trade license within 10 working days.
Here are some additional things to keep in mind when reinstating an expired trade license in Dubai:
- You must reinstate your trade license within 6 months of the expiration date.
- If you do not reinstate your trade license within 6 months, you will have to start the application process from the beginning.
- You may also have to pay additional fees if your trade license has been expired for a long period of time.
BizDaddy is a business setup service that can help you reinstate your trade license in Dubai. They can help you with all the steps involved in the process, including checking the status of your trade license, completing the application form, submitting the required documents, and paying the reinstatement fee. We can also help you understand the reinstatement process and answer any questions you have.