License Renewal
A business license is a legal document which permits you to start, maintain or run a business. A business license renewal is a document which states that a given business is in compliance with a given province's or state's regulations. The license renewal is a necessity as only renewal of one will ensure the stability of your business. Without proper renewal you cannot operate your business.
A Business License is a legal document that is issued by a state or county. It is required when a company is doing business within a certain area. Business licenses are usually issued to companies doing business in a certain area. These companies have to renew their business license at regular intervals. The renewal period is usually after a year. The reason why business licenses are required is because they help in identifying companies that are doing business within a particular area. These companies are also monitored to see if they are in compliance with the local and state laws. Business licenses can also be used for local tax collection purposes.
Can I extend UAE Business license online?
- Yes you can extend your UAE business license Online in the Emirates. By typing the NOC number you can extend your license online. You will get instruction to extend your license online from the UAE authorities.
- Yes, you can extend UAE Business license online. To extend UAE business license, you need to visit e-services website for the expansion of the license. For further details, you can contact the Dubai Immigration contact centre.
- UAE is a federation of seven emirates, each governed by a ruling emir. These emirates are frequently called states, but they are not actually states in the sense used anywhere else in the world.
- Technically they are known as emirates. The UAE is not a sovereign state and is classed as a federation of emirates.
- As one emirate won’t be allowed to sign a contract with another, the Ministry of Economy in the UAE is the main department who handles all business licenses in UAE.
Who is allowed For UAE Business License?
- The Ministry is keen to grant licenses to genuine investors who can utilize resources in a way that will create jobs and revive the economy.
- It is keen on encouraging UAE nationals to become entrepreneurs, so that they benefit from the growth in the economy, in addition to gaining valuable experience.
- As such, the ministry has prepared a list of categories that each qualify for a license to run a business.
- The law for business licenses in UAE is not strict. If you have stable income, you can start a business in the UAE.
Documents required for UAE Business License renewal:
Business license renewal is necessary for every company no matter what business it is dealing in. All registered businesses in UAE are required to renew their license once in 5 years. Once the license is issued, it requires renewal every five years. This renewal is necessary for businesses to continue doing business.
- Emirates Identity Card or passport of the owner of the company if the owner is not UAE national.
- Copy of the extract of the national company.
- Licence of the company of the renewal.
- Licence document of the previous licence of the company.
- Application of the renewal.
- Certificate of the presence of the company in the licence period.
- Conclusive evidence of the identity of the owner if the holder of the licence is not UAE national.
Procedure of Business License renewal:
- Basically, you will have to file an application to the concerned authority, who will then issue a no objection certificate. You will have to file the application as per your requirement and as per the guidelines mentioned by the authority.
- For getting an updated business license, the first task is to collect all the required documents for submission along with the application form at the concerned Regional Licensing Office (RLO) in the city where your company is located.
- The procedure of issuing business license is very simple, but the procedure of renewal is little more confusing.
- Here it goes: According to the legal provisions of law, every individual, who is desirous of carrying on any profession, trade, or calling, shall make an application to the local authority for grant of license to him.
- So the renewal of license is required if the applicant has not made any change in the business activities.
- If you have change in the business activities, then you would apply for new business license.
- But if you have not made any changes in your business activities or profession, then you need to apply for renewal of business license.
- If you have renewed business activity by filing a new application for fresh business license, then you have to deposit fee for new business of needed amount.
- If you have renewed your business activity by making changes in your existing business license, then you have to deposit.
- It is to be noted that you need to go through police verification too, if you are applying for renewal of business license. So this is the whole procedure of business license renewal in detail.