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Upon starting you business in the UAE, one of the important part is to obtain a business license. The most employed and required type of permit is the commercial or trade one. It designates all the major activities that you can carry out. The renewal & trade license cancellation in Dubai requires expert knowledge.
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For any entity which is established or going through liquidation process has to go through stress filled steps in order to get the legal work done regarding their licenses. Dubai Chamber of Commerce and DED (Department of Economic Development) controls all of the procedures related to trade license in Dubai.
However, for some business categories, the licensing necessitates approval from authorities and certain ministries such as financial institutions and banks, insurance companies, Central Bank, Economy and Commerce ministry. Manufacturing businesses require the special consent from the Ministry of Industry and Finance, whereas, medical and pharmaceutical products need approval from the Ministry of Health. If you find yourself in oil or gas production, there are several other authorities from whom you need approvals for cancellation and trade license renewal in Dubai. Some major activities such as insurance and jewelryf setups require a financial guarantee which is issued by a bank already operating in UAE.
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This will cover your trading activities
Artists and craftsmen apply for this type and get registered
For manufacturing activities and industrial working
Some special licenses such as Entrepreneurial Business License, Business Operation Permit, etc are also issued by the authorities with specific criteria.
Process #1
You can also pay the fees later through bank account or credit card for trade license renewal in Dubai.
Timings of Tas’heel Centre: Saturday to Thursday 7:30am to 7:00pm
Process #2
You can create a new account for your company in DED website. Submit the required information to get your new user name and password. You will get an authorization form at the bottom of the page. Print it, fill the information, sign and put seal for verification and submit at the DED Business Village branch or Dubai Mall branch. Don’t forget to attach the partners list, license copy to get authorization.
Your ID will be generated and you can manage your transaction for renewal and other requirements. Once you get the EJARO, it will be automatically linked with the system of license renewal. When you click the option of RENEW, it will navigate you to staff information and EJARI details. Upon clicking CONTINUE, you will receive a payment voucher. To submit the fee you can use your credit card or direct debit account or submit cash at DED branches.
There are several offline and online portals available by the DED. We at HIPSTER UAE , strive to provide pro services in Dubai from start to finish for the trade license renewal in Dubai. Contact us for hassle free offers.
Hiring our company will ensure that all the papers required by various authorities are submitted on time without any error which can save your time and efforts of standing in long queues.
Make sure that your tenancy contract has minimum one month validity.
Each and every company conducting their activities in the UAE is required to apply for trade license renewal in Dubai annually.
There is a large part of business closing in the UAE which deals with the compensation for its employees. The employer has to deal with the cancellation of staff visas and work permits. A profound coordination is required in between Ministry of Labor and Naturalization & Residency Department.
As per the labor law of the UAE, employers should give a paid notice of two month to the employees before terminating the contract. There are various things you have to take care before trade license cancellation in Dubai. In such situations, a helping hand is never a bad idea. You can contact PRO Desk to take your worries away while you can relax during the liquidation process of your company.
In some situations, employees are allowed to keep the residency visa until the license of the company runs out. Prior to cancellation and finalizing labor contacts, it is mandatory to formally cancel Etisalat and DEWA accounts to retrieve your deposits.
Taking all of this in consideration, trade license cancellation in Dubai requires the approvals from federal and government authorities and specific document applications.
The documents required for trade license cancellation in Dubai are as under
