Dubai Economic City issues 19,787 new commercial licenses in 2017

MediaIn – Dubai January 14, 2018 and

The Dubai Economic Report issued by the Commercial Registration and Licensing Sector revealed record results in transactions completed in 2017. The sector recorded more than 289,878 procedures and issued 19,787 new business licenses during that period.
The business plan database showed that the renewal transactions accounted for about 128,965 transactions and the initial approvals in the registration and commercial licensing sector were 26,29 transactions in 2017, while the trade name registration process amounted to 38,223 transactions and commercial permit procedures It reached 24,123 transactions and in automatic renewal 47 thousand and 125 transactions were formed and then instant licenses were made by 684 procedures and electronic merchant transactions with 616 procedures.

In terms of commercial permit procedures, which reached 24,123 in 2017, advertising banners accounted for 35.1% of the total number of commercial permits. This confirms the competitiveness of companies in marketing their services and products.

The results of the business movement in 2017 indicated that the new licenses issued by Dubai Economy were characterized by their diversity in the various categories that were distributed. The share of commercial licenses reached 64.3%, the professional licenses were 33.8%, the industrial licenses were 1.1% and the tourist licenses were 0.9% / h4>
The report highlighted the distribution of the new licenses of 19,787 licenses in 2017 according to the main areas in the Emirate of Dubai and the largest share of the region of Bur Dubai with a total of 9 thousand and 32 licenses and then Deira area with a total of 9 thousand and 32 licenses and the new Dubai by a thousand and 753 License and finally the Hatta area with 70 new business licenses.