Trade license modification services in Dubai are a crucial aspect of doing business in Dubai. It is essential to keep your trade license up-to-date and in compliance with the regulations set by the government. However, the process of modifying a trade license can be complicated and time-consuming, which is why many businesses choose to use a trade license modification service.
Trade license modification refers to the change in the existing trade license, such as adding or removing an activity or changing the company’s name or address. It is essential to note that trade license modification differs from trade license renewal or cancellation.
Understanding trade license modification in Dubai
In Dubai, businesses must obtain a trade license to operate legally. A trade license is a legal document that allows a business to conduct commercial activities within the emirate.
However, businesses may need to modify their trade license information for various reasons, such as change of business activity, change of business address, or change of business ownership.
At OBC, we offer trade license modification services to help businesses in Dubai make the necessary changes to their trade licenses. Our team of experts can assist businesses in navigating the complex process of trade license modification, ensuring that all legal requirements are met.
Some of the common reasons why businesses may need to modify their trade license include:
Change of business activity: If a business wants to add or remove a commercial activity from its trade license, it will need to modify its trade license accordingly.
Change of business address: If a business changes its physical location, it will need to update its trade license with the new address.
Change of business ownership: If there is a change in the ownership structure of a business, such as a merger or acquisition, the trade license will need to be modified accordingly.
OBC’s trade license modification services include:
Assessment of the required modifications: Our team will assess the modifications required for the trade license and provide guidance on the necessary steps.
Preparation of necessary documents: We will prepare all the necessary documents required for the modification of the trade license.
Submission of documents: We will submit the documents to the relevant authorities on behalf of the business.
Follow-up with authorities: We will follow up with the authorities to ensure that the modification process is completed promptly and efficiently.
In conclusion, modifying a trade license in Dubai can be a complex process, but with OBC’s help, businesses can have peace of mind knowing their trade license will be modified in compliance with all legal requirements.
Types of trade license modifications
When it comes to modifying a trade license in Dubai, there are several types of modifications a business can make. Here are some of the most common types:
1. Change of business activity
If you want to add or remove a business activity from your business trade license, you will need to apply for a change of business activity. This modification is necessary if you want to expand your business or change your business focus.
2. Change of business name
If you want a different business name, you will need to apply for a change of business name modification. This modification is necessary if you want to rebrand your business or change your legal name.
3. Change of business address
If your business moves to a new location, you will need to apply for a change of business address modification. This modification is necessary to ensure that your trade license reflects your current business address.
4. Change of shareholding structure
If there are changes to the shareholding structure of your business, you will need to apply for a change of shareholding structure modification. This modification is necessary if you wish to update your trade license with the new shareholder information.
5. Change of business ownership
If there are changes to the ownership of your business, you will need to apply for a change of business ownership modification. This modification is necessary to update your trade license with the new owner information.
A business can make several types of trade license modifications in Dubai. By understanding the different types of modifications available, businesses can ensure their trade license accurately reflects their current business operations.
Eligibility criteria for modification
To apply for a trade license modification in Dubai, there are certain eligibility criteria that need to be met. We have compiled a list of requirements you should consider before applying for the service.
1. Valid trade license
A valid trade license is the first and foremost requirement for trade license modification. Your trade license should be active and not expired. If your trade license has expired, you will need to renew it before applying for the modification service.
2. No pending fines
Before applying for the service, it is important to ensure there are no pending fines or violations against your trade license. If there are any pending fines, they must be cleared before proceeding with the modification process.
3. Compliance with Dubai municipality regulations
Your business must comply with all the regulations set by the Dubai Municipality. This includes adhering to all zoning laws and obtaining necessary approvals from the relevant authorities.
4. Clear business activity
The business activity mentioned in your trade license should be clear and accurate. If you wish to modify the business activity, you will need to provide supporting documents and obtain the necessary approvals.
5. No legal issues
Your business should not be involved in any legal issues or disputes. If there are any ongoing legal issues, they must be resolved before applying for the modification service.
By ensuring that you meet the above eligibility criteria, you can increase the chances of a successful trade license modification in Dubai.
Required documents for trade license modification
To modify a trade license in Dubai, certain documents are required. These documents vary depending on the type of modification being made.
Here are some of the standard documents required for trade license modification in Dubai:
1. Application form
The first document required for trade license modification is the application form. This form should be filled out completely and accurately, with all necessary information provided.
2. Original trade license
The original trade license is also required for modification. This document should be valid and up-to-date.
3. Passport copy
A copy of the owner’s passport or authorized signatory of the company is also required. This document should be valid and clear.
4. No Objection Certificate (NOC)
If the modification involves changing the company name or address, a No Objection Certificate (NOC) from the current landlord is required.
5. Tenancy contract
If the modification involves changing the company address, a tenancy contract for the new address is also required.
6. Memorandum of Association (MOA)
If the modification involves changing the company name, a Memorandum of Association (MOA) is required.
7. Board resolution
A board resolution is required if the modification involves changing the company name or authorized signatories.
It is important to note that these are just some of the common documents required for trade license modification in Dubai. The specific documents required may vary depending on the modification being made. It is always best to consult with a professional service provider to ensure that all necessary documents are provided.
Conclusion
At One Business Centre, we are committed to providing clients with efficient and hassle-free trade license modification services.
Our team of experts has extensive knowledge and experience in the field, ensuring that all modifications are carried out in compliance with the regulations and requirements set by the Dubai government.
We understand that the process of modifying a trade license can be time-consuming and complex, which is why we offer our clients a streamlined and stress-free experience.
