Missing your Commercial Registration renewal can halt your business operations. This article explains renewal timelines, penalties, and best practices.
Why CR Renewal Matters
Your Commercial Registration is the legal backbone of your business. Without timely renewal:
• Bank accounts may freeze
• Visas can be cancelled
• Penalties may apply
Renewal Timeline
CR renewal opens 30 days before expiry. Delays can lead to fines and operational suspension.
Documents Needed
• Valid lease agreement
• LMRA & GOSI clearance
• Partner CPR/passports
• Municipal fee clearance
Pro Tip
Outsourcing CR renewal ensures compliance while you focus on growth.