The business world is now an open book nowadays, every transaction or deal is visible digitally and accessible worldwide. Opening or expanding your business in UAE is not an easy process but if you have a complete overview of all the requirements then it gives you a clear path to fulfill your license and registration procedures. There are some official steps to renew your business trade license renewal and registration online in Dubai. The most important and major point of focus is to understand the type of license you possess and based on that information, you will be asked to complete some paperwork.
Types of Trade License Renewal:
This license is obtained by those business entities that deal with manufacturing products. You cannot continue to work or even produce any product in Dubai if you don’t own this license.
Selling products online or in a store located in the United Arab Emirates states must get this license for avoiding any or of ban or fines.
Assisting customers online or giving services digitally falls in this category. If you are doing businesses related to cryptocurrency or online marketing or online tutoring, then a professional license is compulsory for you.
After filtering the license format then you have to collect some documents which are:
· Photocopies of trade license online which you already acquired.
· Photocopy of documents that you exchanged with your business partners.
· Photocopies of passports of all the legal members with whom business practices have occurred.
Once these legal documents are evaluated by the Department of Economic Development (DED) then they will present you completely registered Renewed License.
Penalties for Delaying Trade License Renewal
Violating the basic laws of Dubai can result in unusual consequences, if you want to avoid these harsh punishments then you must be aware of fines you have to bear concerning delaying trade license renewal.
If you do not renew your trade license in Dubai then it will eventually result in adding your registered company to the blacklist category. Escaping from banned business companies group in Dubai is very tough and hard to make it possible.
That is why always prepare your all necessary documents up to date to dodge any legal actions from (DED).
Stopping From Business Growth
Once the Department of Economic spots your expired trade license in Dubai they will instantly block all of your transactions, contracts with local sponsors, and last but not least Visa banning also comes under their strict actions against you. This unfortunately can cause you to suffer for a long period and everything you did for your business and company can turn to dust.
Trade license renewal online should be the number one priority for the protection of your business and secondly registering with all the legal companies is obligatory for the safety of your business. In Dubai, KWSMiddle East are well known for their smart procedure to complete all major papers for their clients and registration digitally is the key service they offer.
Registration manually is not recommended by professionals because, in Dubai, entrepreneurs can get confused with complex laws and requirements. It is advised to have a strong communication link with experts who daily deals with registering fresh companies online in Dubai. KWSME can organize a fast trustworthy system with you if you are willing to set up a brand new business in Dubai. All you have to do is send some documents asked by the KWSME team via email and they will respond to you back rapidly while completing the registration of files for your company.
Those documents are:
· Passport size photographs.
· Photocopy of your passport.
· Photocopies of your tax residency.
These documents will be assessed by the Dubai Department of registration and will report to you after completing the trade license renewal process.
In the end, you simply send dues to Dubai Virtual Business, those payments are between six hundred to eight hundred UAE Dirhams. The payments are for making your company visible and authentic to start your very first business in Dubai. KWSME will indirectly handle your dealings and if you make further contracts with KWSME then they will create ease for you in managing online registration.
KWSME deals with various business support services which includes approving relevant documents from Dubai government divisions. They can also give you relief concerning legal translations and immigration services. Don’t waste your time finding the right company which helps you to register online, feel free to visit our website kwsme.com and attain all required information especially associated with trade license renewal and registration online in Dubai.
Published by Steve Smith