Market needs are changing and to keep business on its feet in Dubai, organizations need to be adaptable. The Department of Economic Development (DED) in Dubai has realized this need and, in effect, has made it easier for businesses to update their trade licenses. Understanding the process and requirements for this procedure is essential for business owners looking to expand their operations.
Amendments in your trade license move through several processes, each of which has been set to reduce the steps in conformity with the local regulations as well as to meet your strategic goals. In this comprehensive guide, we will walk you through the process of adding activities to your UAE trade license.
How to Add Activities in Trade License
Step 1: Determine the new business activities:
Begin by identifying the new activities you wish to add to your trade license. This could include new services, products, or business activities that align with your company’s growth strategy.Activity Code: Each business activity in Dubai is assigned a specific code. You will need to determine the activity code for the new activities you wish to add. This code is crucial for accurately categorizing your business activities.
Step 2: Review LLC Agreement:
Check your Limited Liability Company (LLC) agreement and Memorandum of Association (MOA) to ensure they allow for the addition of new activities. If not, you may need to amend these documents before proceeding.Step 3: Obtaining Initial Approval:
Apply for initial approval to the Department of Economic Development (DED) in Dubai. This application should include details of the new activities you wish to add and any relevant supporting documents.Step 4: Required Documents:
Typical required documents to be provided to DED include;- Business license and registration certificate
- Completed business license and registration application
- Company’s office space lease contract
- Initial approval certificate of the company name.
- The Parent company board resolution to add activities in trade license (if applicable)
- Permission from the Department of Economic Development (DED)
- A Non-Objection certificate (NOC)
- Attested amendment to LLC Agreement and Court Agreement
- Amendment to the Memorandum of Association (MoA) with changes to add activities to your trade license.
Step 5: Fees Payment:
Once you have obtained initial approval and submitted all required documents, you will need to pay the necessary fees and obtain final approval from the DED.Step 6: Final Approval:
Upon receiving final approval, your trade license will be updated to reflect the new activities. You will receive a new license reflecting these changes.Benefits of Adding Activities
- Diversified Revenue Streams: Adding new activities allows you to diversify your revenue streams and tap into new markets, reducing reliance on existing services or products.
- Enhanced Market Competitiveness: Expanding your business activities can enhance your competitiveness in the market by offering a wider range of products or services to your customers.
- Adaptability and Growth: The ability to amend your trade license and add activities provides flexibility, allowing your business to adapt to changing market conditions and pursue growth opportunities.
How to change my business activity in Dubai?
Gather the necessary documents, including proof of trade name reservation and application for new activity registration, and follow the outlined steps for amendment.
What activities are covered under a General Trading License in Dubai?
A general trading license allows for a wide range of activities, including import/export, storage, distribution, and retail of various goods.
How to update my trade license?
Update your trade license by applying for an amendment through the DED, ensuring you have all required documents and approvals.
Partnering with Business Link for Seamlessness
The process of adding activities to your trade license in Dubai is a strategic move that can benefit your business in various ways. Business Link offers expert guidance and support, streamlining the process for your business. With our extensive experience and connections within the UAE, you can streamline the expansion of your business activities and position your company for continued growth and success.
Contact Business Link today to learn more about our trade license and business setup services, and take the first step towards ensuring your business remains compliant and competitive in Dubai’s ever-evolving market.
