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5314 Automatic renewal of commercial licenses in Dubai during June 2018

MEDIA IN, Dubai, July 15, 2018 (WAM)

 The Dubai Chamber of Economic Development (DED) recorded record results in the transactions completed in June 2018, According to the report, the sector recorded more than 19850 completed transactions and 1185 new business licenses in the period. The results of the Business Map platform reflect the business sustainability and competitiveness of companies in the emirate, Attract companies in various business sectors in the Emirate of Dubai. The Dubai Business Plan provides an accurate visualization of each category of licenses and business trends on a monthly basis. The Business Traffic Report includes extensive data that reflects the reality of business in Dubai and provides accurate data on the number of new licenses and their distribution to sectors and other important data. The data on the “business map” showed that the renewal transactions accounted for 1,104 transactions. Initial approvals in the registration and commercial licensing sector amounted to 1,579 in June 2018. Commercial permit procedures were 919, and the automatic renewal was a quantum leap, with 5314 transactions , Then instant licenses with 52 procedures, and e-merchant transactions with 74 procedures. The total number of transactions completed in outsourcing centers was 12568 transactions, accounting for 48.2% of the total transactions. According to the results of the business movement in June 2018, Dubai’s economy continued to achieve unique results at various levels, which were distributed as follows: Commercial licenses with 61.9%, Professional licenses at 35.6%, Industrial licenses 1.4% About 1.1%

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