Dubai, one of the fastest-growing cities in the world, is home to numerous businesses and entrepreneurs. If you are a business owner in Dubai, you are required to have a valid mainland license issued by the Department of Economic Development (DED). This license allows you to conduct business activities within the city.
However, like any other license or permit, your Dubai mainland license has an expiration date. It is essential to renew it before it expires to avoid penalties and legal consequences. In this guide, we will discuss everything you need to know about renewing your Dubai mainland license.
Why Renew Your Dubai Mainland License?
Renewing your Dubai mainland license is crucial for several reasons. It ensures that your business remains compliant with local laws and regulations. It also allows you to continue conducting business activities without any interruptions.
Moreover, renewing your license on time can save you from penalties and fines imposed by the DED. Failure to renew your license within the specified period can result in significant financial losses for your business.
When to Renew Your Dubai Mainland License?
The renewal process for a Dubai mainland license should be initiated at least thirty days before its expiry date. The DED requires businesses to submit their renewal applications within this timeframe. Therefore, it is essential for businesses to keep track of their license’s expiry date and initiate the renewal process in a timely manner.
How to Renew Your Dubai Mainland License?
The renewal process for a Dubai mainland license involves several steps that need to be completed before the expiration date. These include:
Gathering Required Documents: The first step is to gather all the necessary documents required for renewing your Dubai mainland license. This typically includes copies of your current valid trade license, tenancy contract, passport copies of business owners or partners, and any other relevant documents requested by the DED.
Submitting Application: Once all the required documents have been gathered, businesses can submit their renewal application to the DED. This can be done through their online portal or by visiting one of their customer service centers.
Payment of Fees: Along with the renewal application, businesses are also required to pay the necessary fees for renewing their license. These fees may vary depending on the type of business activity and its commercial registration.
Approval and Issuance of Renewed License: After reviewing the application and verifying that all requirements have been met, the DED will approve and issue a renewed trade license to the business. The new license will be valid for another year from the date of expiry of the current one.