What are Dubai Trade License Renewal Fee

Dubai trade license fee needs to be paid at the time of getting a company registered in Dubai. It is important to note that the trade license also needs to be renewed annually and the trade license renewal fees need to be paid according to rules and regulations set by the Department of Economic Development (DED). DED is the ultimate license issuing authority in Dubai that governs all the licensing rules and regulations for the companies established outside the free zones of Dubai. Business trade license is the most important requirement to set up a business in Dubai and its annual renewal is also equally important and mandatory.

Dubai Trade License Renewal Fees

The approximate Dubai LLC trade license and renewal starting costs are as mentioned below. These costs vary depending on a number of a factors including specific business activity, office / warehouse size etc.

If the license is not renewed in time, a monthly fine of AED 200 can be levied on the company and the business activities of the company can be seized.

Procedure for Renewal of Dubai Trade License

Some important documents are required to be submitted to DED in order to apply for the renewal of a Dubai trade license. Here is a step-by-step procedure to pay trade license fees in order to renew it:

• Submission of the “Tenancy Contract” that is valid for at least 1 month and must be Ejari attested.
• Take approval from the concerned authorities related to the business to proceed with the renewal application
• Application submission to DED that includes a typed renewal form, photographs of all business partners.

The procedure for the renewal of a trade license can be challenging and time taking if you are not familiar with the complexities of the procedure. This is where the help of the best business set up consultant can make the difference who can guide you to renew the Dubai trade license quickly without any hassle.