Are you wondering about the trade license renewal procedure in Abu Dhabi? Abu Dhabi, the capital of the United Arab Emirates, is a constantly growing business hub. Nowadays, the capital is a leading economic hotspot with new exceptional opportunities at every turn. Therefore, if you want to be involved in Abu Dhabi’s business growth, you will need a trade licence, which can also be known as an economy licence. Also, if you already have one, you may be wondering how to renew it. This guide will present how to renew a trade licence as well as the trade license renewal fee Abu Dhabi and more.
- Renewing a Trade License
- Requesting a Trade License
- Amending a Trade License
- Cancelling a Trade License
- FAQ
Overview
Before diving into the Abu Dhabi economic department trade license renewal – learn more about it here. First of all, a trade licence in Abu Dhabi allows its holders to operate a business within the capital. It is a legal document that makes trading of all goods seamless for its holders. These trading transactions include importing, exporting, retail sales and wholesaling as well.
Moreover, obtaining this licence is very beneficial. It allows holders to legally operate their businesses – in other words, it is mandatory to have. Also, it gives holders access to the market to do business. Most importantly, obtaining this licence gives holders credibility and trustworthiness in the market. Whether it is with customers or other businesses.
Lastly, obtaining this licence is easily done online. Tamm Platform offers such services and more. So, if you are wondering how to issue it or how to renew a trade license in Abu Dhabi online – this guide will help you out.
Trade License Renewal Abu Dhabi
First of all, if you are wondering how to renew Abu Dhabi trade licence – then the steps below will be of aid. As mentioned earlier, this process can be done through Tamm with a few simple steps. Also, it is very easy to finish the Abu Dhabi trade licence renewal online payment within seconds. Furthermore, the efficiency and professionalism of this platform are clearly seen in how quick this renewal process is. So, find out below what is the required paperwork, the fees, the steps, and more.
- Required Documents:
- A Tawtheeq Contract
- Approval from related entities
- Abu Dhabi Trade License Renewal Fees – AED 890
- Steps:
- Head to Tamm and log in with your UAE Pass
- Head to the renewal application and submit the required documents
- Wait for a confirmation email
- Pay the fees online
- Get your trade licence
- Terms of Service: this is valid for 6 trading activities. Each additional one has a fee of AED 100
- Duration: 1 working day
Requesting a Trade License in Abu Dhabi
On the other hand, if what you require is to issue a trade licence in Abu Dhabi, then rest assured. The process is just as seamless as renewing this licence. Additionally, as mentioned before, this licence is for specific commercial activities. Thus, one cannot do business without said licence – as it is mandatory in Abu Dhabi. Nevertheless, here are the steps to obtaining an economic licence or a trade licence in the capital of the United Arab Emirates.
- Required Documents: no documents are required
- Costs:
- The Abu Dhabi Chamber Fees: AED 50
- Additional amount after 6 activities: AED 100
- Issuing a commercial licence fee: AED 10
- Required fees from organisational entities: AED 790
- Economic register fees: AED 10
- Establishment card request: AED 315
- Steps:
- Log into Tamm with your UAE Pass
- Submit the licence application, also known as the Tajer Abu Dhabi License
- If needed, get approval from related entities
- Once you submit the application, wait for a confirmation email – it can be an approval or rejection
- Pay the fees online
- Obtain your new Economic Licence
- Terms of Service:
- Applicants must be older than 18 years old
- For the first 3 years of obtaining the licence, it can be renewed without a location for an economic establishment
- After the first 3 years, a location for the economic establishment is required for renewal
- Duration: 6 working days
Amending a Trade License in Abu Dhabi
In addition, in case you issued a trade licence or renewed it, you still need to amend it. Head to Tam, just like the procedures above, and amend your licence with a quick click of a button. Note that amending the licence must be as per the necessary terms and conditions.
- Required Documents:
- Contract Annex – attested by the Notary Public
- An Announcement in the Newspapers in both English and Arabic
- A Ministry of Economy registration certificate
- Approval from all concerned entities
- A Contract of Sale and Assignment
- Service agent contract
- Partnership Agreement Annex
- Costs: AED 10
- Steps:
- Submit the application, including the real beneficial declaration if a partner amendment is needed
- According to the amendment type, publish an announcement in the gazette if needed
- Obtain all required entities’ approval
- Receive status notification (approval or rejection)
- Pay the required fees
- Receive the licence
- Terms of Service:
- Note that fees may differ based on amendment type
- Amendment types and external approvals may affect the service time
- Amendments may include changes in:
- Country of origin
- Partners or their nationalities
- Heirs and manages
- Removing agents
- Economic name, location, and activity
- The company’s capital
- Legal forms
- Adding or amending real beneficiary
- Technical amendments for industrial projects
- Duration: 14 working days
Cancelling a Trade License in Abu Dhabi
Furthermore, cancelling an economic or trade licence may differ in documents and fees. Regardless, the process is still just as easy and smooth. See below what you need to prepare upon cancelling a trade licence in Abu Dhabi.
- Required Documents:
- Acceptance of the Liquidator Certificate
- The decision from the court
- Termination Contract from the Initial Service Agent
- Liquidator Licence
- Liquidation of the Company Meeting Minutes
- Costs: AED 10
- Steps:
- Log in with the UAE Pass
- Upload and fill out the required details and documents
- Approval or rejection will be sent
- Online fees payment
- Cancelling ICP establishment card
- Receive a cancellation certificate for the trade licence
- Terms of Service:
- Contact the Federal Authority for Identity
- No violations must be made within a month, contact the ICP for this
- A newspaper announcement of the cancellation will be published within 30 days
- Duration: 30 working days
FAQ
The grace period for trade license renewal in Abu Dhabi is 30 days, as provided by authorities. This means the licence holder has 30 days to renew it after the expiry day.
Tamm Platform offers various services for several sectors. For instance, you can renew a private school licence, add a company signatory, issue a vehicle advertisement permit, and much more.
To conclude, the trade licence renewal Abu Dhabi procedure is done seamlessly with the Tamm Platform. This is one of the many platforms that overlook businesses in Abu Dhabi. In addition, make sure to stay tuned to Property Finder’s blog for more guides. This includes Abu Dhabi Housing Authority and much more.
