How to Renew Trade License in Abu Dhabi
Renew Trade License in Abu Dhabi
If you own a business in Abu Dhabi, you might be a trade license holder. While holding a trade license is essential to running a business in this city, you must renew a trade license after a certain time to prevent yourself from hefty fines and punishment.
You might feel overwhelmed once learning you must Renew business license in Abu Dhabi if you don’t know how to renew your trade license. If that is the case, you must read this article. Today, we will share a step-by-step guide to renewing your trade license in this Emirate. Plus, we will explore other information about renewing your trade license in Abu Dhabi.
Why should you renew your business trade license in Abu Dhabi?
You might still think you should not renew your trade license, as it is unnecessary for your business in Abu Dhabi. If you are considering it that way, you are committing a mistake as there are several reasons to renew your trade license. The following are the top reasons to renew your trade license:
- You must renew your trade license to operate your business legally in Abu Dhabi. In case, you don’t renew this license, you must face hefty fines.
- You can also save time and money and save from the hassle of repeatedly renewing with the long-term renewal process as the Abu Dhabi Department of Economic Development (ADDED) now provides trade license renewal of up to three years instead of one year.
- A renewed license highlights your company’s commitment to professionalism and compliance, strengthening your commitment reputation with your clients, partners, and investors.
Conditions for renewal of your company trade license in Abu Dhabi
When applying for the trade license renewal, you must meet a few conditions. However, you should be aware that you can renew your trade license through online or offline procedures in Abu Dhabi. As a result, the conditions for both processes are different. So, let us dive into the condition of both processes:
Conditions for renewal of company trading license offline in Abu Dhabi
The following are the conditions for the renewal of the trade license offline in Abu Dhabi:
- Suppose the expiration date of your trade license is extra than three months. In that case, go through the Inspection Division in the Department of Economic Development.
- Suppose your permit is a subsidiary of the Emirate of Abu Dhabi or any of the Emirates. In that case, you must present a valid copy of the parent’s company license.
- As a company owner, you or your authorized representative must submit the application form.
- The Ministry of Economy is in charge of the trade license of the subsidiaries of foreign companies.
Condition for trade license renewal online in Abu Dhabi
The following are the conditions for the renewal of the trade license online in Abu Dhabi:
- You have to submit the documents in PDF format.
- You must submit these documents in the appropriate colors and format.
- You should label each document, like a Lease agreement, partnership agreement, and more.
- You should keep the average size of your documents under 70 Kbytes.
Requirements for trade license renewal in Abu Dhabi
The requirements for trade license renewal depend on whether your business is in Mainland or Free Zone as the requirements for both areas are different.
Mainland
- No Objection Letter (if required)
- Typed BR/1 Form (Standard renewal form)
- Passport Photocopies of All Your Business Partners & Relevant Individuals
- Valid Emirates IDs Copies
- Ejari Registration Certificate and a photocopy of the Tenancy Contract
- Family member IDs (if required)
- Photocopy of the Existing Trade License
Free Zone
- Audit Report (for particular free zones)
- Additional Documents (based on the free zone)
- PO Box Renewal Confirmation
- Shareholder’s Passport Copy
- Original and Copy of Your Business Trade License
These are general requirements that you must fulfill for your trade license renewal in Abu Dhabi. Therefore, you must consult Flyingcolour Business Setup to get the complete list of requirements for the trade license renewal.
Trade license renewal process in Abu Dhabi
You must follow some steps to renew your Trade License in Abu Dhabi. The following is the list of steps to renew your trade license in this city:
1. Check the expiration date
Initially, you should check your trade license expiry date to determine the correct time to apply for the renewal. Here, we recommend you avoid waiting until the last minute.
2. Check your tenancy contract
Once checking your trade license expiry date, review your tenancy contract to ensure it has a minimum validity of one month and is attested by Ejari. In case, it doesn’t have a validity of at least one month, the allied license cannot be applied for the renewal. As a result, you should also renew your tenancy contract before applying to Renew business license in Abu Dhabi.
3. Choose your renewal process
You can either apply for a renewal of your trade license at the online portal or in person at the DED. We have outlined both Trade license renewal process in Abu Dhabi below:
4. Online process
- You must visit the official TAMM website. On this portal, you should check whether you are eligible for trade license renewal.
- You must log in with your UAE pass to the TAMM portal.
- Next, you should follow the on-screen instructions to submit the online application and required documents.
- After submitting documents and applications, you should follow the instructions to review the application and pay the necessary charge.
- After paying, you can download the renewed license from the TAMM portal.
5. Offline process
- You should head over to the DED for your Mainland business or your free zone authority.
- Next, you should submit the filled application form (BR/1 for the mainland) and all required documents.
- After submitting your application with documents, you should submit the fees or clear any dues.
- Once approved, you can collect your renewed license.
How can Flyingcolour Business Setup help you?
You should Renew business license in Abu Dhabi as it is essential to keep your business legally running in this Emirate. However, you can either apply for renewal through an online or offline. Regardless of which procedure you choose, you should follow some steps carefully as your single mistake can lead to your renewal application rejection. Flyingcolour Business Setup can help you follow these steps and ensure you don’t commit any errors.
To learn more about How to Renew your Trade License in Abu Dhabi, book a free consultation with one of the Flyingcolour team advisors.
Please note that this article was published on 20/06/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.
