In UAE it’s essential to renew your Commercial license before it expires. There is a penalty for every day the Commercial license is not renewed. Failure to renew your Commercial license will result in a ban on all licenses held by the share holders, freezing all of their business activities.
The basic components of the Commercial license renewal are:
1. Commercial License – Allows the companies to work legally in UAE.
2. Commercial License is the document which legally allows a company to work .It contains all the details including the name of the activity, partners name, all the Commercial licenses are valid for one year.
3. All companies under Federal Government who are seeking to do trade or services should have a valid Commercial license.
Advantages:
1. Can trade freely with in Dubai.
2. Can trade with the international market.
3. If it is an LLC Company the liability is limited.
4. Legally allowed to perform the specific activity.
5. If you want to expand the business in other emirates or in GCC countries, company will be considered as a local company, except if it is a branch office. Branch office or representative office will not be considered as a local company as they are not own by the locals
Should you require more clarification and assistance to start your business please feel free to contact me on rupeshpr@hotmail.com or call me on 00971-553660266
The basic components of the Commercial license renewal are:
1. Commercial License – Allows the companies to work legally in UAE.
2. Commercial License is the document which legally allows a company to work .It contains all the details including the name of the activity, partners name, all the Commercial licenses are valid for one year.
3. All companies under Federal Government who are seeking to do trade or services should have a valid Commercial license.
Advantages:
1. Can trade freely with in Dubai.
2. Can trade with the international market.
3. If it is an LLC Company the liability is limited.
4. Legally allowed to perform the specific activity.
5. If you want to expand the business in other emirates or in GCC countries, company will be considered as a local company, except if it is a branch office. Branch office or representative office will not be considered as a local company as they are not own by the locals
Should you require more clarification and assistance to start your business please feel free to contact me on rupeshpr@hotmail.com or call me on 00971-553660266
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