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 its attractiveness to attract companies and investors interested in sustainable growth and expanding their business in the UAE. Various economic sectors in Dubai.
The Dubai Economic Department said in a statement yesterday that the new licenses were characterized by their diversity according to activity, led by commercial activities by 52% (7648 licenses), professional 45% (6722 licenses), and tourism by 2% (262 licenses). 1% (105 licenses).
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.
The report pointed out that the process of booking trade names reached 22 thousand and 456 transactions during the first half of 2019, while the number of initial approvals reached 17 thousand and 798 procedures, and the total amendment of a trade license reached 16 thousand and 84 procedures.
The total renewal transactions reached 73,404 transactions during the first half, which included 34,250 renewal transactions for commercial licenses automatically through text messages, which constitutes 47% of the total transactions.
The number of instant licenses issued in one step without signing for the first year, and exemption from the establishment contract for the same period, 1149 licenses.
The Business Traffic Report highlighted the distribution of new licenses during the first half of 2019, according to the main regions in the Emirate of Dubai, where Bur Dubai received the largest share with a total of 7,584 licenses, followed by Deira 7135 licenses and Hatta with 18 new trade licenses.
The report showed the distribution of new licenses to the top 10 sub-regions, where the Burj Khalifa area came first (1747 licenses), followed by Al Garhoud (1284 licenses), Port Said (986 licenses), Al Fahidi (908 licenses), Al Barsha first, and the first commercial center, The passage, Al Khabaisi, and Naif, promises Maitha.
In terms of the legal forms of new licenses issued during the first half, 7392 licenses were to be issued as limited liability companies, followed by 3883 individual enterprises and then 2686 civil enterprises.
The report said that new businessmen hold 88% of commercial licenses in the Emirate of Dubai, while the share of businesswomen is 12%.
In the first half of 2019, the top 10 nationalities were: India in first place, Bangladesh in second place, Pakistan in third place, Egypt, Britain, Saudi Arabia and Jordan. , China, the Philippines, Sudan ranked tenth.