How to Renew or Transfer a Commercial License in Dubai, UAE - PowerPoint PPT Presentation

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How to Renew or Transfer a Commercial License in Dubai, UAE

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Discover the essential steps for renewing or transferring your commercial license in Dubai, UAE. Learn how to navigate the process seamlessly, from gathering required documents to submitting applications and awaiting approvals. Ensure compliance and maintain business continuity with this comprehensive guide. – PowerPoint PPT presentation

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Date added: 5 April 2024
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Provided by: themilestoneuae
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Title: How to Renew or Transfer a Commercial License in Dubai, UAE


1
How to Renew or Transfer a Commercial License in
Dubai, UAE?
2
INTRODUCTION
Renewing or transferring a commercial license in
Dubai, UAE is a crucial process for businesses to
maintain legal compliance or facilitate changes
in ownership or location. Understanding the steps
involved can streamline the procedure and ensure
a smooth transition. In this guide, we'll walk
you through the essential steps for renewing or
transferring your commercial license in Dubai. 
3
Renewing Your Commercial License
  • Follow the steps given below to successfully
    renew your commercial license in Dubai, UAE
  • Validity Check
  • Application Time
  • Required Documents
  • Payment and Collection

4
RENEWING YOUR COMMERCIAL LICENSE
  • Validity Check Before you begin, ensure your
    tenancy contract is valid for at least another
    month. An invalid lease can delay renewal. 
  • Application Time Head to the Department of
    Economic Development (DED) (Dubai Department of
    Economic Development). They offer multiple
    options 
  • Service Centers Visit a DED service center in
    person. While there, you can submit the required
    documents, receive a payment voucher, and settle
    the fees. Some centers even accept application
    submissions via email. 
  • Online Portal For a digital experience, you can
    utilize the DED's online portal Dubai DED Online
    portal. Simply log in, choose "Renew a License,"
    and follow the prompts. 
  • Required Documents Gather the necessary
    documents, including a filled BR/1 form, a copy
    of your current license, Ejari registration
    (proof of tenancy), and passport photocopies of
    all business partners. 
  • Payment and Collection Once your application is
    verified, you'll receive a payment voucher.
    Settle the fees using the specified methods. Upon
    successful payment, collect your renewed license. 

5
Transferring Your Commercial License
  • Follow the steps given below to successfully
    transfer your commercial license in Dubai, UAE 
  • Approval Process
  • Documentation
  • External Assistance

6
TRANSFERRING YOUR COMMERCIAL LICENSE
  • Approval Process Transferring ownership involves
    DED approval. Contact the Dubai SME department, a
    DED branch that assists with such procedures
    Dubai SME department. 
  • Documentation Prepare documents like the
    transfer agreement, copies of IDs for both
    parties, and a no-objection certificate from your
    current landlord. 
  • External Assistance The DED recommends using
    external service centers for complex transfers. 

7
Conclusion
Renewing or transferring a commercial license in
Dubai, UAE involves a series of administrative
steps and document submissions. By understanding
the process and adhering to the guidelines
provided by the relevant authorities, businesses
can ensure compliance and continue their
operations seamlessly. Always consult with legal
experts or business advisors for personalized
guidance based on your specific circumstances.
8
THANKS!
Contact us 971-55 (554) 0853 INFO_at_THEMILESTONEUA
E.COM WWW.THEMILESTONEUAE.COM
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