1. Company Registration in the UAE (Liability of Founders and Managers)
2. Procedure for License Amendments: Changing Address, Activity Type
3. License Renewal Procedure
4. Company Liquidation (Founders' Liability, Liquidation Process)
5. Procedure for Choosing a Company Form and Jurisdiction in the UAE
Renewal of a business license is a mandatory procedure for all companies operating in the UAE. It allows a company to retain its right to conduct business activities after the expiration of the original license.
Why is it important to renew the license on time?
- Preserving the legal nature of business: an unrenewed license and unlicensed operations make the company's activities illegal.
- Avoiding punishment: fines may be imposed for late renewal depending on the type of business and the type of license.
- Avoiding suspension: in some cases, a company's activities may be suspended until the license is renewed.
The renewal process is based on the UAE commercial companies laws, which regulate the commercial activity in the country:
- Decree-Law No. 32 of 2021 On Commercial Companies gove...