11 Jul Trade license in Dubai Free Zone
Trade license in Dubai Free Zone
A trade license in the Dubai Free Zone is the legal document that the company deals with in order to legally practice business in the Dubai Free Zone. There are many types of commercial licenses in Dubai, in addition to the multiplicity of procedures that revolve around the commercial license, where it is possible to obtain, renew, amend or cancel a commercial license, and each procedure has requirements, steps and fees. In this article, we learn about the procedures for a commercial license in the Dubai Free Zone.
Obtaining a commercial license in the Dubai Free Zone
Issuing a commercial license in the Dubai Free Zone is one of the services provided by the government in Dubai to customers in order to obtain a legal document stating the authority to practice business officially in Dubai.
Steps to obtain a commercial license in the Dubai Free Zone
- Determine the nature of economic activity.
- Choose a trade name suitable for the nature of the activity.
- Determine the legal form of the company.
- Obtaining the initial approval from the competent government agencies.
- Choosing an appropriate workplace documented by the competent authorities.
- Obtain additional approval from the authorities concerned with the nature of the activity.
- Obtaining a commercial license in the Dubai Free Zone and paying the license costs.
Fees for obtaining a commercial license in the Dubai Free Zone
- 600 AED for the trade license registration fees in Dubai.
- 10 AED for Knowledge Dirham fees in Dubai.
- 10 AED for innovation dirham fees in Dubai.
- 350 AED for brand name ads in Dubai.
- 50 AED for a service request form in Dubai.
- From 1,000 to 3,000 UAE dirhams, fees for a foreign trade name.
- AED 15,000 for general trade activity fees.
- AED 15,000 for investment activities fees.
- AED 25,000 for business center fees.
- 10,000 AED fees for building contracting activities in Dubai.
- 1070 dealer license fees in addition to 300 AED Dubai Chamber fees.
- 1070 AED for the starting licence.
- Fees for articles of incorporation or service agent contract are as follows:
- AED 300 for the signature of each of the parties to the document to certify the signatures of the editor, which does not exceed AED 100,000.
- 0.5% of the value of the document, up to a maximum of 15,000 AED, for authentication of signatures in documents that exceed 100,000 AED.
- 500 AED for postponing the completion of the transaction after registration, according to the customer’s request.
- AED 500 fee for signing one of the parties to the document at another service center.
- 100 AED fees for all parties to electronically sign the document.
Renewal of a commercial license in the Dubai Free Zone
The commercial license renewal application service is one of the services provided by the government in Dubai. With the expiry of the commercial license approaching, the customer is required to renew the commercial license through the channels of service provision, in order to ensure the continuity of validity to practice the commercial activity in which he works legally and to avoid financial penalties.
Fees for renewing a commercial license in the Dubai Free Zone are equivalent to the issuance fees in addition to the municipality fees.
Ways to renew a commercial license in the Dubai Free Zone
Through one of the following means, a commercial license is renewed in the Dubai Free Zone:
- Send or receive a text message to 6969
The commercial license in Dubai Free Zone is automatically renewed by receiving or sending a text message to 6969 containing the expired license number, then paying the license renewal fee through the payment link.
- Through the Invest in Dubai platform
- Log in to the Invest in Dubai website https://invest.dubai.ae/ar/home
- Click on the option to renew the trade license.
- Enter the trade license number or trade name.
- Enter the email and phone number.
- Click on the Send Data button.
- Through approved service centers in Dubai
- See one of the approved service centers in Dubai.
- Send license renewal requirements to the center’s e-mail.
- Pay the license renewal fees through the available payment methods.
- Receipt of the renewed trade license.
Amending a commercial license in the Dubai Free Zone
Renewing a commercial license in the Dubai Free Zone is one of the services provided by the government in Dubai to customers to amend the data in the commercial license in addition to amending the memorandum of association. The modifications to the license include the following:
- Modify partners.
- Change of company location.
- Modify business activities.
- Change of director of the company.
- Changing the company’s trade name.
- Capital adjustment.
Fees for amending a commercial license in the Dubai Free Zone
- 500 AED fees for amending the trade license.
- 500 AED advertising fees.
- The cost of issuing an appendix to the Memorandum of Association is as follows:
- 300 AED signing fees for each party if the total sale value is less than 100,000 AED.
- 0.5% of the value of the deed, up to a maximum of 15,000 AED if the total sale value is more than 100,000 AED.
- 300 AED fees for signing each party if the difference in 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, if the sum of the difference in the capital increase plus the total sale value is more than 100,000 AED.
- 200 dirhams fee for signing each party for other amendments.
- 500 dirhams as a fee for signing one of the parties to the document at a different service center.
Requirements for amending a commercial license in the Dubai Free Zone
- The auditor’s report to change the company’s capital.
- The decision of the general assembly or the board of directors approving entering into a partnership.
- Submission of the original appendix to a notarized private or public shareholding company contract.
- Amendments to legal forms such as: civil works, solidarity, public shareholding, private equity, Simple recommendation.
Cancellation of a commercial license in the Dubai Free Zone
Canceling a commercial license in the Dubai Free Zone is one of the services provided by government agencies in Dubai for customers wishing to cancel the commercial license of a company, institution or branch, knowing that the same commercial license cannot be reactivated again.
The commercial license is canceled by submitting documents of the legal form of the company and approval from the government and federal agencies related to the type of license and activity.
Requirements for canceling a commercial license in Dubai Free Zone
- The decision of the company’s board of directors to cancel the trade license.
- A competent decision from the Ministry of Economy for registered companies to write off the company.
- Original newspaper ads.
- A letter from the auditor.
- The company’s final budget.
Fees for canceling a commercial license in Dubai Free Zone
- 500 AED fees for canceling the trade license.
- 500 AED cancellation announcement fees.
- 500 AED fees for deleting the company’s registration.
- 10 AED Knowledge Dirham fee.
- AED 10 innovation dirham fees.
- 2000 AED fees for dissolution of the company.
For more information about the trade license in the Dubai Free Zone, and to request any procedure related to the license or the establishment of projects and companies in Dubai and free zones, do not hesitate to contact our team and we will be at your service throughout the day, seven days a week.