As the name implies, a DED trade license is a UAE license that allows businesses to conduct business in the United Arab Emirates. It enables startups and companies to either run business in the UAE online or store. It is a government-created requirement to improve laws and regulations for fair business practices. In this regard, the government has also streamlined the procedure with an electronic system to assist businesses in smoothly launching their operations. However, to avoid rejection, the candidate must ensure that relevant paperwork is submitted to the government.
However, this is not a one-time occurrence; each company must renew it every year. As a result, if you are new to this process, a market expert advice would be beneficial for you.
DED License Cost and paperwork for renewal
Trade License Company also known as TLC may assist you in obtaining a DED trade license renewal at a low cost. We can help you use all of the facilities without worrying about the registration process because our professionals will handle it for you.
All you have to do is submit the following list, and our professionals will take care of the rest.
- Certificate of Legal Business Name
- Certificate of Approval
- Form BR/1
- The Dubai Municipality’s approval for tenancy contract, which must be certify by RERA (Ejari)
- Association Memorandum
- Agreement with a Local Service Agent
- Approval from government agencies (Applicable for specific business)
- All owners’ most recent photocopies
You have to pay a minimum of AED 8,000 and up to AED 15000 for a standard trade DED license renewal. However, the payment process is now, even more, simplified, as many businesses can now pay for their DED license renewals online.
The online payment process of Trade License Renewal in Dubai
- Go to internet banking and select it.
- Decide on the method of payment.
- Select the Economic Department of Dubai.
- Type the DED Transaction Number in the box provided.
- Give your approval to the transaction details.
- Submit the receipt and save it to your computer.
Renewal of a DED Trade License has the following advantages
- No down payment is required
- Lowers the market fee
- Discount on accommodation and chamber of commerce fee
DED Renewal in a Nutshell
Compared to the Free Zone Company Setup in Dubai.DED has a separate license and monitoring method. Renewal of a trade license may appear complicated at first, but it is not difficult to accomplish. Apart from the legal process, the task necessitates specialist counsel if any other additions to your firm are required. Your renewal work in Dubai appears to be hassle-free with the support of excellent experienced consultants like TLC. However, one must remember that one month before the renewal date is the optimal time to apply for this process.
DED renewal of a trade license allows a company to conduct business freely under the condition that it is ethically, morally, and legally correct.
There are two ways to renew your DED license
Renewal via offline
Even though the steps are nearly identical, the platform appears to be different. However, in the case of offline, you must be physically present at all times. It can take some time, but with TLC, we can take care of it for you. Our experts can handle this problem while you relax and focus on your other responsibilities. In addition, TLC professionals will handle all legal papers, make you aware of all about the DED License cost requirements, and will guide you through the entire process.
Renewal via the online
If you choose to renew your license online, you must first create an account on the DED portal. If you have this online account on the portal, you can only make an online payment and online submission of your documents. As a result, all you have to do is fill out the paperwork, attach the file, and pay the fees. It may appear complicated, but you must do it correctly; therefore, TLC is here to assist you at any time.
Installment payment process for Trade License Renewal Dubai in UAE?
Every year, business owners in the Dubai Mainland have to renew their trade licenses. Failure to renew it on time can have serious ramifications. Therefore, when a company finds paying on time difficult, they might use an installment service to pay for the DED license renewal.
Steps for DED License Renewal Fee on an installment basis.
- A copy of the most recent payment of your renewal.
- A letter from the license holder who is outlining the payment request.
- Mention the length of the installment period
- Attach a copy of the license holder’s Emirates ID
The Trade License Company: Are you ready to enlist the help of a professional.
TLC is one of the excellent company formation experts for Mainland and the Free Zone Company Setup in Dubai. We provide legal, banking, insurance, accounting, VAT & taxation, and other financial services to all sorts of businesses, backed by an experienced team. Sponsorship, government liaison, business center services, marketing, human resources, and other services are also available. Our visa immigration services make it easy for our clients to meet all of their visa requirements. We are now counseling various businesses and have successfully assisted entrepreneurs in launching their businesses in Dubai. TLC also has considerable experience in the mainland, Free Zone, and Freelance company structuring and license registration.
