All businesses in Abu Dhabi must have a valid trade license to enjoy a peaceful corporate tenure in the region without causing any legal concerns. Trade license renewal in Abu Dhabi is paramount to maintain your license’s validity, and the same must be done at least one month before the license expiry.
Be it a commercial trading license to form your business in Abu Dhabi Business Center or an industrial license to establish a free zone company in the Khalifa Industrial Zone – the trade license must be renewed for all business types. UAE Expansion
India helps you with all the legal procedures involved in business setup in Abu Dhabi by taking care of documentation, trade license renewal, external approvals, and much more. All you need to do is get in touch with our experienced business consultants, and we’ll handle it from there.
What’s a Trade License and How to Obtain One?
You need specific permissions from the governing bodies in the UAE to conduct your business activities without raising any compliance issues. That’s where you need a trade license. It’s a legal document that certifies the legitimacy of your business and allows you to perform various activities that are permitted within your license.
The types of trade licenses in Abu Dhabi
You need to follow the steps mentioned below to obtain a company trade license in abu Dhabi
You need to finalize the business activities involved in your day-to-day functioning and approach the DED for approval. External approvals can be obtained for activities not listed by the DED.
- Once you have finalized the business activities, you need to choose a location for establishing your company. Delve deep into the market conditions in the UAE to know about the various business locations and finalize the one that’ll best suit your business requirements.
- Next, you need to select a trading name for your venture. The name must be indicative of your business activities and devoid of any derogatory terms or controversial words.
- The next step is to submit all the mandatory documents to the concerned authority and wait for license approval. Once you receive formal confirmation about your license’s approval, you can open a bank account for your company in the UAE.
What is the Process to Renew a Trade License in Abu Dhabi?
Trade license is a pivotal part of business setup in Abu Dhabi. You need to renew your license each year to maintain its validity, and here are the steps you need to follow:
1. Review your Tenancy Contract
It’s imperative to apply for the trade license renewal in Abu Dhabi at least one month prior to the expiration date of your running trade license. The governing bodies won’t consider your renewal application if you fail to meet this deadline. Moreover, you need to thoroughly review your tenancy contract and get it renewed if its validity is about to lapse.
Applicants also need to ensure that the tenancy contract is Ejari attested (an online registration system by the Real Estate Regulatory Agency). In case you’re not able to meet any of the discussed requirements, your trade license renewal request won’t be considered and you’ll have to reapply once you have everything in place.
2. Apply for Trade License Renewal
All businesses in Abu Dhabi and the UAE must have a valid trading license to carry out their business activities. Therefore, you need approvals from various governing bodies like the economic department, local regulators, etc., before applying for trade license renewal. The applicant must settle the outstanding disputes (if any) from any of the concerned authorities.
Once you have approval from all the governing bodies, you can get started with the procedure to renew your trade license. The modes of renewal include e-services, mobile applications, authorized service centers, law firms, etc., and you’re free to choose the one that fits your requirements.
3. Obtain the Renewal Payment Voucher
Once you’re done with the steps mentioned above, you’ll receive a payment voucher for the renewal of your trade license in Abu Dhabi. The transaction number you receive from the DED will be used as a reference number till the time your license is renewed. Moreover, you’ll also need this number for verification purposes when the actual license is released by the authorities.
You can get started with the payment procedure once you receive the authentic payment voucher from the DED. You don’t need to worry if you’re unaware of the payment procedure because the business experts at UAE Expansion India are always there for your help. All you need to do is collaborate with us, and we’ll handle the rest so you can focus on other business activities critical for your company’s growth.
4. Make the Necessary Payment
The last step for renewing an Abu Dhabi trade license is to settle the required payment with the help of the payment voucher you previously received. You’ll receive a confirmation message from the concerned authority once your payment is verified. Moreover, you’ll also get your renewed trade license within a few days.
You need to get in touch with the trade license authorities in case your license is not renewed even after successful payment. Your issue will be expedited, and you’ll get a quick resolution to such a problem.
Which Documents are Required for Renewal Trade License in Abu Dhabi?
Here’s a summarized list of documents that you must have for renewing your trade license in Abu Dhabi in the mainland region:
- Visit one of the service centers of the Dubai Economy.
- Send the requirements via the center’s e-mail.
- Pay via one of the available payment methods.
- Obtain a renewed trade license.
To apply for trade license renewal for a free zone establishment, here are the documents you’ll need:
- Trade license copy or original document (depending on the free zone)
- Audit reports
- P.O box confirmation renewal
- Passport photocopies of the shareholders
- Other documents depending on your company’s business activities and the free zone
Apply for Trade License Renewal
A trading license is valid for one year. Post that, you must go for trade license renewal in Abu Dhabi to increase your license’s validity. The process to renew a trade license is straightforward and doesn’t require a lot of time. However, it becomes easier than ever when you collaborate with the business experts at UAE Expansion India.