Business Link UAE makes it simple to obtain Trade License Amendment in Dubai. We provide licenses at a low rate while providing high-quality services.
Here are the numerous sorts of adjustments you can make to your current business license or when renewing it. Today, we will talk about the many types of Amendments and the organizations that deal with them.
Types of Trade Licenses in Dubai
Steps to Amend a System
There are 4 main phases to changing a system, which are as follows:
Step 1:
Fill out the registration and licensing forms.
Step 2:
If necessary, get specialized business activity permissions. If your commercial activity is governed by another government, you must obtain permission from them as well. In that instance, the Dubai Economic Department would advise you on additional government permission.
Step 3:
Submit any further needed documentation. Among the supporting papers include, but are not limited to, the following:
- Addendum to Memorandum of Association and other legal documents related to the type of amendments like the new
- local service agent agreement or the company agent agreement, in case you need to change the current local service agent.
- Documents related to partners or shareholders or staff include:
– Copy of passport and ID card (UAE national’s family book)
– Copy of the residence permit/visa details (for non– GCC nationals)
– No objection letter from the applicant’s current sponsor (for non-GCC nationals)
– Official documents associated with the replacement of heirs and devolution of license or shares. - No objection letter from the parent company for amending the license in addition to the authenticated documents required as per the legal form like add a business activity for a foreign company branch etc.
Step 4:
Pay all fees and pick up your license.
Following all of these processes, you must submit payment in accordance with their protocol, which requires you to provide a voucher or transaction number as a reference when you pay. You must complete all payments and acquire your updated license, which has been accepted via various payment options.
Amended licenses can also be obtained via the user account page. If you do not pay within 6 months after obtaining the payment voucher, your transaction will be immediately terminated.
Here are the numerous sorts of adjustments you can make to your current business license or when renewing it. Today, we will talk about the many types of Amendments and the organizations that deal with them.
Groups of Amendment | Types of Amendment |
Ownership-related Amendments | Change a local service agent nationality |
Change a director nationality | |
Change a director | |
Change an owner/a partner name | |
Change a director name | |
Change a local service agent name | |
Change an owner/a partner nationality | |
Delete a director | |
Replacement of heirs – license | |
Replacement of heirs – share | |
Devolution of a license | |
Devolution of a share | |
Add a partner | |
Withdraw a partner | |
Change a partner | |
Add a local service agent | |
Delete a local service agent | |
Change a local service agent | |
Add a director | |
Activity-Related Amendments | Remove a business activity from the register |
Delete a business activity | |
Add a business activity | |
Add a business activity in the register | |
Other-Types of Amendments | Change a legal form |
Relocation of a business location | |
Increase the capital | |
Reduce the capital | |
Merger of license | |
Freeze a business license | |
Mortgage of a license | |
Mortgage of shares | |
Change a company name | |
Change a trade name | |
Change a company nationality | |
Assignment of license |
FAQs (Frequently Asked Questions)
FAQ 1: Can I amend my trade license without professional assistance?
While it is possible to attempt a trade license amendment without professional assistance, it is advisable to seek the guidance of a business setup advisor or consultant. They possess the necessary expertise and understanding of the local regulations, ensuring that the amendment process is conducted accurately and efficiently.
FAQ 2: What is the role of the Department of Economic Development (DED) in the amendment process?
The Department of Economic Development (DED) is the regulatory authority responsible for issuing and amending trade licenses in Dubai, UAE. They review and process the amendment applications, ensuring compliance with the relevant regulations and legal requirements.
FAQ 3: How long does it take to process a trade license amendment?
The processing time for a trade license amendment typically ranges from 7 to 10 business days. However, the exact duration can vary depending on factors such as the complexity of the amendments and the efficiency of the Department of Economic Development. It is advisable to consult with the DED or a business setup advisor for accurate timelines.
FAQ 4: Can I change the business activities after the trade license amendment?
Yes, the trade license amendment allows for changes or additions to the business activities covered by the license. However, it is crucial to ensure that the proposed activities comply with the regulations and legal requirements set by the Department of Economic Development and other relevant authorities.
FAQ 5: Is there a deadline for trade license amendment?
While there is no specific deadline for trade license amendments, it is advisable to initiate the process promptly after any changes occur in the business that require amendment. Timely compliance ensures that the trade license accurately reflects the current operations and avoids any potential legal issues.