How to renew trade license in Dubai A new initiative has been launch by the Department of Economic Development DED that will allow owners to do their Trade License Renewal Dubai automatically through a simple text message (SMS). The owners will just have to send a text message to ‘6969’ which they will then receive a payment voucher to new their license if all the DED requirements are fulfilled. The owner will they have the option to either pay its licensing fee electronically through the phone or can then go to the nearest outlet and manually renew their business licence. Cancellation of company or business or business license in Dubai is very important part of company life cycle in UAE. Business need to close if they do not have enough money to run their business, or their business is not running correctly or they are not in the earning side of the market; and to continue their operations, to pay their employees or cover their debt. Terminating also becomes mandatory when a company obligates a serious violation of the regulation; or also in case of fraud and UAE business regulatory finds violations. or when the company gets a legal notice that affects its regular operations. So corporation needs to be shut down; and by shut down we mean Company liquidation in Dubai. But note that once a business license is shut down; the same cannot be re-opening. For company liquidation in Dubai, you need to submit a number of documents and get different authorizations from the government agencies. Our company formation agents in Dubai can offer more information about Trade license cancellation in Dubai procedures under the Commercial Law.