Here are some key points to pay attention to when renewing your license to help make the process as hassle-free as possible: 1. You don’t want this to happen, especially if you’re in a time crunch. While renewing your trade license is a pretty easy process, just one mistake can set back the process. Simply put- avoid letting your license expire at all costs.
Being blacklisted looks bad for your company, so your sponsors may choose to pull out.Your visa could be annulled, and you could be banned from travelling.Your company won’t be allowed to participate in business proceedings.This is the most severe form of punishment that comes with many restrictions including: If your license expires and you continue to do business in the country, then your company could also be blacklisted.
Bankruptcy can also eventually lead to voluntary or forceful liquidation. This can throw a big wrench in the successful business that you’ve created and alter your reputation. However, if you don’t renew or cancel your license within that time, then you will be charged AED 250.īesides big fines and penalties, your company could face bankruptcy if your license isn’t renewed. You do have a 30-day grace period after your trade license expires to get it renewed. If you’re operating without a trade license you could be fined AED 5000. It’s crucial to make sure you renew your trade license before it expires to avoid big fines or even bigger headaches like liquidation. Once you have paid the Dubai trade license renewal fees, you’ll immediately receive your new license.Īn expired license could mean big trouble for your business. You will not receive the renewed license until the fees has been paid. Pay for your license renewalĪfter you’ve submitted all of your information online, you will receive a payment voucher. This application needs to be typed and submitted online along with a copy of your current trade license and passport copies for all business partners. If it doesn’t have the validity of at least a month then it won’t be renewed. This contract must be valid for at last one month from the date of the application. However, the tenancy contract needs some planning. There are several documents that need to be presented during the renewal process. Here are the steps to take in order to renew your license on the Mainland: 1. If you have a business in a Free Zone you will have to go through the Free Zone you’re registered in order to get your license renewed. The process to renew a trade license Dubai slightly varies depending on where your business is setup.
0 kommentar(er)
