Media ININ Economy We Trust
Dubai 17-08-2019
The Dubai Business Registration and Licensing Business Report showed that 14,737 new business licenses were issued during the first half of 2019, confirming Dubai’s continued competitiveness and attractiveness for companies and investors interested in sustainable growth, and expanding their business in various economic sectors in Dubai.
The new licenses were characterized by their diversity according to the activity, with the most notable being commercial activities by 52% (7,648), professional by 45% (6,722), tourism by 2% / 262 / and industrial by 1% / 105 /.
The figures from the Business Map, the digital platform for Dubai’s economy, underscore its continued support for Dubai’s ambitious development drive for excellence and position the emirate on the economic map as a financial and business hub for the region and the world.
The report pointed out that the process of booking trade names reached 22,456 in the first half of 2019, while the number of initial approvals reached 17,798 procedures, and the total amendment of a trade license reached 16,084 procedures, which confirms the attractiveness of Dubai for those wishing to practice commercial activities on the one hand, in addition to increasing confidence Entrepreneurs firmly local economy.
The total renewal transactions reached 73,404 transactions during the first half of 2019.This included 34,250 renewal transactions for commercial licenses automatically through text messages, which constitutes 47% of the total transactions, which confirms the sustainability and competitiveness of business in the Emirate of Dubai.
The number of instant licenses issued in one step without signing for the first year and exemption from the memorandum of association for the same period, 1149 licenses.
DED seeks to emphasize the role of its initiatives in fostering engagement with its private sector partners to ensure the sustainability and growth of their businesses.
The Business Traffic Report highlighted the distribution of new licenses during the first half of 2019 by major regions in the Emirate of Dubai, with Bur Dubai receiving the largest share with a total of 7,584 licenses, followed by Deira 7,135 and Hatta with 18 new business licenses.
Burj Khalifa came first with 1,747 licenses, followed by Al Garhoud (1,284), Port Saeed (986), Al Fahidi (908), Al Barsha 1, the first commercial center and Al Murar. The Khabaisi, Naif, promises Maitha.
In terms of the legal forms of new licenses issued during the first half of 2019, 7,392 licenses were issued as limited liability companies, followed by 3,883 individual enterprises and then 2,686 civil businesses.
Legal forms also included a limited liability company – one person, a branch of a company based in another emirate, a branch of a company / institution based in a free zone, a branch of a foreign company, a branch of a Gulf company, a public shareholding, a government liaison office, a simple recommendation, and an institution.
The report said that 88% of business licenses in the emirate are owned by new businessmen, while the share of businesswomen is 12%, which reflects the extent of Dubai’s economic efforts in empowering women and facilitating their business.
The top 10 nationalities in the first half of 2019 were India, Bangladesh, Bangladesh, Pakistan, Egypt, Britain, Saudi Arabia, Jordan, and China. , The Philippines, Sudan ranked tenth.
Through the Business Map platform, DED seeks to shed light on the economic climate of the Emirate of Dubai by providing vital data on each category of licenses and investors’ trends periodically. The report includes extensive data that reflects the realities of business in Dubai, and provides accurate data on the number of new licenses And distribute them to sectors and other important data
