Update Your Trade License

If you need to update any details on your trade license, this service allows you to make changes. This includes updating information related to the memorandum of association, which is a document outlining the company’s structure and key operational details.

Common Types of Modifications You Can Make to Your License

1. Amend partners or parties involved: Update information regarding the individuals or entities associated with your business.

2. Change your business location: Update the address where your business operates.

3. Change your manager’s details: Update information about the person responsible for managing your business.

4. Modify your business activities: Update the types of services or products your business offers.

5. Change your capital: Adjust the amount of capital invested in your business.

6. Amend your trade name: Update the name under which your business operates.

Here are the Documents You’ll Need for Different Types of Changes:

1. Sale of a shop: You’ll need the contract of sale that details the transaction of the shop.

2. Amendments based on legal forms (Civil Works, Solidarity Works, Simple Recommendation, Public and Private Contribution): You’ll need an appendix to the Incorporation Contract that reflects any changes made according to these legal forms.

3. Auditor’s report on capital reduction: If you’re reducing the company’s capital, you’ll need a report from an auditor confirming the change.

4. Resolution of the Board of Directors/General Assembly: You’ll need a resolution from either the Board of Directors or the General Assembly approving any changes in partnership or other significant decisions.

5. Appendix to the contract of a public or private joint stock company: For a public or private joint stock company, you’ll need an original and duly authenticated appendix to the contract.

These documents are essential for ensuring that changes to your business are legally documented and approved according to regulations.

Adding Activities to Your Trade License: Step-by-Step Guide

Step 1: Partner with YABS

Begin by partnering with YABS. Our team will handle your application process and assist with all necessary documentation required by UAE government authorities and the Dubai Economic Department for adding activities to your trade license.

Step 2: Obtain Initial Approval from DED

Apply to the Department of Economic Development (DED) for initial approval to add activities to your trade license. This approval is necessary before proceeding further.

Step 3: Apply for Trade License Changes

Complete and submit the BR1 form to apply for amendments to your business license. Ensure it is signed by all directors or shareholders, if applicable.

Step 4: Obtain No Objection Certificate (NOC)

Obtain a No Objection Certificate (NOC), a crucial document in the UAE confirming that there are no objections to adding the specified business activities to your trade license.

Step 5: Complete Agreement Formalities

Prepare and notarize an addendum to your LLC Agreement at the DED. Additionally, complete any necessary court agreements related to adding activities to your trade license.

Step 6: Submit Required Documents

Gather and submit the following documents:

• Original business license and registration certificate
• Completed business license amendment application
• Copy of your company’s office space lease contract
• Initial approval certificate of your company name
• Board resolution (if applicable)
• DED permission document
• NOC
• Attested LLC Agreement amendment and court agreement
• Memorandum of Association (MOA) amendment reflecting the added activities

Step 7: Receive Your New Trade License

Once approved by the DED, follow up on email notifications to complete payment for your new trade license and finalize the process.

These steps ensure that your trade license reflects the additional activities your business intends to conduct, complying with UAE regulations.

Important Considerations for Adding Activities to Your Trade License

Before adding activities to your trade license, it’s crucial to keep the following in mind:

Applying for a Trade License Amendment:

• You can apply for a trade license amendment when adding activities or renewing your license.
• Changes you can make include altering the trade name, adjusting authorized capital, updating the business address, adding or removing partners, changing local service agents or sponsors (for Mainland Companies), and updating management details.

Adding Activities to a Trade License:

• Activities can only be added if they align with your current business structure and license type.
• If the new activities don’t align, you’ll need to apply for a new business license instead.

Regulations for Trade License Amendments:

• Procedures for trade license changes vary by licensing authority and business zone.
• Always check with your local jurisdiction for the latest guidelines.

Third-Party Approvals:

• If your business requires approvals from government authorities, municipalities, or trade institutions, these must be obtained and submitted along with your license amendment application.

Changing Business Address in Dubai:

• To change your business address on the trade license, complete an addendum to your Memorandum of Association (MoA).
• The addendum must be notarized by the Notary Public at the DED for approval.

License Activity Code:

• The license activity code is a unique identifier assigned to each specific business activity permitted under your trade license.
• It provides a description of the approved activities associated with that code.

Activities Allowed in a General Trading License:

• A general trading license allows for a range of activities such as storage, sales, import-export, distribution, and related commercial activities.
• Specific sectors include wholesale and retail of clothing, electronics, furniture, accessories, and various other commodities.

Consequences of Not Renewing Your Trade License:

• Operating without a valid trade license incurs penalties as per DED regulations.
• Penalties include fines starting at AED 5,000, with additional charges if the license remains unrenewed.
• Continued operation without a valid license may lead to blacklisting, affecting visas, sponsorships, and residency status.

Understanding these points ensures compliance and smooth operations when making changes to your trade license in the UAE.

Simplified Business Setup with YABS

Partnering with YABS makes setting up your business in the UAE a smooth process. Our expert team handles all aspects of your trade license application, company registration, and setup. We manage the required documentation for various UAE government authorities, ensuring you can legally start trading.

Once you provide us with the necessary documents, our specialists take over. We handle your trade license application, coordinate with local departments and authorities, and keep you updated until your new company is ready to launch. It’s a straightforward process that saves you time and eliminates hassles.