The United Arab Emirates (UAE) has recently redefined the criteria for individuals seeking Tax Residence Certification (TRC) effective March 2023, aiming to simplify the process and broaden the eligibility criteria for TRC applicants. Under the new rules, an...
3 EASY STEPS TO RENEW YOUR BUSINESS LICENSE IN DUBAI
INTRODUCTION TO UAE CORPORATE TAX
Corporate Tax (CT) in the UAE is a direct tax levied on net income or profit after adjustments for certain items specified under UAE CT law. The standard statutory tax rate for annual taxable income up to AED 375,000 is 0%, and for taxable income above AED 375,000, it...
Things you need to know: Product Registration in Dubai
Here are important things you need to know about Product Registration in Dubai. According to the UAE market regulations, businesses are required to register their products in order to operate in the market legally. To ensure consumer safety related to the products...
How to register your company in Dubai Municipality?
Here's a guide on how to register your company in Dubai Municipality. Every food product manufactured or imported into Dubai must be registered with Dubai Municipality. Food Safety Department – Dubai municipality regulates the registration process under the food...
Transforming Business in the UAE: The Impact and Opportunities of Technology
Technology has had a profound impact on the way businesses function in the United Arab Emirates. The country has established itself as a hub for technology-based enterprises, and traditional businesses are also incorporating technology to stay competitive. Digital...
New Tax Residency Criteria in the UAE
The United Arab Emirates (UAE) has recently redefined the criteria for individuals seeking Tax Residence Certification (TRC) effective March 2023, aiming to simplify the process and broaden the eligibility criteria for TRC applicants. Under the new rules, an...
INTRODUCTION TO UAE CORPORATE TAX
Corporate Tax (CT) in the UAE is a direct tax levied on net income or profit after adjustments for certain items specified under UAE CT law. The standard statutory tax rate for annual taxable income up to AED 375,000 is 0%, and for taxable income above AED 375,000, it...
The process of LICENSE RENEWAL in Dubai is largely the same whether you are a mainland or free zone business. The only significant difference concerns the authority that issues your renewal. However, in some jurisdictions, it is mandatory to submit…
The process of LICENSE RENEWAL in Dubai is largely the same whether you are a mainland or free zone business. The only significant difference concerns the authority that issues your renewal. However, in some jurisdictions, it is mandatory to submit the financial audit report for the last year in order to renew the license
1. PREPARE THE REQUIRED DOCUMENTS FOR RENEWAL
Mainland companies must submit an attested tenancy contract in order to renew a trade license. It must be valid for at least six months from the date of your application.
2. START YOUR RENEWAL APPLICATION
Next, you will need to submit your tenancy agreement to DED manually online (depending on the jurisdiction) to generate the new payment voucher.
3. PAY THE RENEWAL FEES
Once you have you have the payment voucher, please pay it online/ at the DED counter to obtain the renewed license copy.
FREQUENTLY ASKED QUESTIONS:
- What is the fine for not renewing a trade license in Dubai DED
AED 200 per month after 30 day grace period
2. What are the payment channels approved by Dubai DED?
- Smart Dubai Government – DED eServices & ID portal
- AAFAQ
- Dubai Islamic Bank
- Commercial Bank of Dubai
- Al Ansari Exchange L.L.C
- EMARATECH for DED Trader
- NOQODI
3. Is it possible to get a discount on the payment voucher for the Dubai license renewal
Depending on the fees mentioned in the voucher a discount can be obtained for the licensing accommodation allowance and employee accommodation allowance by providing the Ejari and DEWA bills of partners and/or employees.
4. Is it mandatory to provide an Ejari or tenancy contract to renew the license?
Yes, it is mandatory to have an Ejari or tenancy contract to renew the license
- Is it possible to pay the license renewal fee in installments?
Earlier in 2020 and 2021, this facility was available, however now the government has stopped giving installment options for license renewal.
We provide dedicated support in the renewal and any amendments to your business license. Our team assures you are being informed and updated on the dates of expiry and renewals of the business license by sending timely reminders ensuring a smooth process and peace of mind.
At Bizzmosis, we provide tailored and personalized solutions that will minimize your personal involvement in the process of renewing or amending your business license.
To learn more, contact us
📧 hello@bizzmosis.com ☎️ +971 4 568 6522 📞 +971 52 979 8169
👍Follow our blog to stay informed on the latest and most reliable updates from the UAE government. We regularly discuss company incorporation and structuring, visas, product registration, and other topics related to conducting business in UAE.
0 Comments