24 Feb Trade license in Dubai Free Zone
A commercial license in the Dubai Free Zone is your way to achieve your dream and invest in the city of Dubai, as it is considered the legal document through which work can be practiced officially in the Free Zone in Dubai.
There are many forms of commercial licenses in the Dubai Free Zone , in addition to the many legal procedures related to the commercial license. where a license can be obtained, License Renewal, Amending a license or canceling a commercial license in Dubai, Each legal procedure in the commercial license has specific requirements and steps.
In the following lines, we learn about the most important information about the various procedures for obtaining a commercial license in the Dubai Free Zone.
Business license procedures in Dubai Free Zone
A commercial license in the Dubai free zone is one of the most important services provided and supported by the government in the free zones in Dubai for businessmen and investors in order to possess a legal document stating the validity to work and officially establish companies in the free zones in Dubai.
A commercial license in the Dubai Free Zone includes several procedures, including: Issuing a trade license in order to work and establish commercial projects in Dubai, The trade license is renewed annually and the license costs are paid. Data on the trade license in the free zone can also be amended or canceled permanently. In the following headings, we discuss the commercial license procedures in the Dubai Free Zone.
Steps to issue a commercial license in the Dubai Free Zone
- To issue a commercial license in the Dubai Free Zone, you must specify the type of activity.
- Choosing a trade name based on the conditions and regulations in the free zone and appropriate to the nature of the activity.
- Determine the legal form of the company to operate in the Dubai Free Zone.
- Initial approval to work in the Dubai Free Zone from the relevant government agencies.
- Renting a place to work or buying a piece of land to establish a company in the Dubai Free Zone.
- Additional approval from the authorities concerned with the nature of the activity in the Dubai Free Zone.
- Issuing a commercial license in the Dubai Free Zone and paying the license costs.
Costs of issuing a commercial license in the Dubai Free Zone
- 600 AED, the value of registering a trade license in Dubai.
- 10 dirhams is the value of a dirham of knowledge in Dubai.
- 10 dirhams is the value of the innovation dirham in Dubai.
- 350 AED, the value of trade names in Dubai.
- 50 AED is the value of a service request form in Dubai.
- 1000: 3000 AED, the value of the foreign trade name.
- 15,000 AED, the value of a general trading activity.
- AED 15,000 value of investment activities.
- AED 25,000 value for a business center.
- 10,000 dirhams is the value of building contracting activities in Dubai.
- 1070 is the value of a merchant’s license, in addition to 300 dirhams, the value of the Dubai Chamber.
- 1070 dirhams is the value of the starting license.
- Additional costs for articles of incorporation or service agent contract in Dubai Free Zone.
How to renew a commercial license in Dubai Free Zone
Want to renew a trade license? Renewing the license annually is a service provided by the government in the Dubai Free Zone. With the expiry of the commercial license approaching, the businessman is required to renew the commercial license immediately.
There are several channels to renew the license in order to ensure the validity of the activity legally and not to fall under financial fines.
A commercial license can be easily renewed in the Dubai Free Zone through one of the following methods:
- Automatic license renewal in Dubai Free Zone, By receiving or sending a text message to 6969 containing the number of the expired license, Then you pay the license renewal costs on the attached payment link.
- Find one of the authorized service centers in Dubai. Send the renewal requirements to the center’s e-mail. Pay the license renewal costs through the available payment methods. Receive the renewed trade license.
- Renewal through the Invest in Dubai platform:
- Log in to the Invest in Dubai platform.
- Choose to renew the trade license.
- Enter the license number or trade name.
- Then the email and phone number.
- Click on the Send Data button.
How to amend a trade license in Dubai Free Zone
Would you like to modify a commercial license in the Dubai Free Zone ? Modifying the license is an important service provided by the government in Dubai to businessmen to amend the data in the commercial license that was extracted earlier, in addition to the possibility of amending the Memorandum of Association.
You can make the following modifications to the license:
- Amending the names of the partners in the license.
- Changing the company’s location in the company.
- Modify the commercial activities that you engage in.
- Change the name of the manager of the company.
- Changing the name of the company with the license.
- Adjusting the value of the capital.
Costs of amending a commercial license in the Dubai Free Zone
- Approximately 500 AED, the value of amending the trade license.
- Pay about 500 AED for advertising fees.
- Costs related to issuing an appendix to the Memorandum of Association:
- A value of 300 dirhams for signing fees for each party in the event that the total sale value is less than 100,000 dirhams.
- 0.5% of the value of the document, up to a maximum of 15,000 AED, in the event that the total sale value is more than 100,000 AED.
- A value of 300 AED for each party to sign if the difference in the capital increase plus the total sale value is less than 100,000 AED.
- 0.5% of the value of the document, up to a maximum of 15,000 AED, in the event that the sum of the difference in the capital increase plus the total sale value is more than 100,000 AED.
- Approximately 200 dirhams fees for the value of each party’s signature for other amendments.
- 500 dirhams fee for the signature of one of the parties to the document at a different service center.
In order to amend the data of a commercial license in the Dubai Free Zone, a set of necessary documents must be submitted:
- Submitting the auditor’s report to change the company’s capital.
- The decision of the General Assembly approving entering into a partnership.
- Provide the original appendix to the company contract according to the type.
- Submission of amendments to the legal forms of the company.
How to cancel a trade license in Dubai Free Zone
If you want to cancel your business, company, or branch of your company in the Dubai Free Zone, you can easily cancel your commercial license, and it is a service provided by government agencies in Dubai, as a condition that the same commercial license cannot be reactivated again.
Cancellation of the commercial license is by submitting some documents. It is the legal form of the company and the approval of the governmental and federal authorities for the type of license and activity.
To cancel a commercial license in the Dubai Free Zone, you need several requirements:
- Submission of the company’s board of directors’ decision to cancel.
- The decision of the Ministry of Economy for registered companies to write off the company.
- Providing original newspapers for advertisements.
- Submission of a letter from the auditor.
- Submission of the company’s final balance sheet.
Costs of canceling a commercial license in the Dubai Free Zone
- 500 dirhams fees for canceling the commercial license.
- 500 dirhams fees for announcing cancellation.
- 500 dirhams, the value of erasing the company’s registration.
- 10 dirhams is the value of a dirham of knowledge.
- 10 dirhams, the value of innovation dirhams.
- 2000 dirhams, the value of the company’s dissolution.
For more information about the commercial license in the free zone and to request assistance in any procedure related to the license or to establish companies and businesses in Dubai and the free zones, Contact our support team and we will be with you throughout the day.
Contact us today and get a free consultation to implement all your business plans!