A report issued by the Commercial Registration and Licensing Sector in Dubai Economy revealed that 246,737 Indian businessmen have 64,360 active business licenses in the Emirate of Dubai.

In a statement yesterday, the Dubai Economic Department confirmed that commercial activities account for the largest proportion of the licenses of owners of establishments from India, with 49.9 thousand licenses (77.5%), while their number in this activity to 212.5 thousand individuals, followed by professional activities by 13.037 thousand licenses (30,153 thousand individuals), in addition to 1404 industrial licenses (4042 individuals), and 19 tourist licenses (42 individuals), pointing out that the Indian companies have contributed in the addition of 854 thousand and 234 jobs to the labor market.

According to the report, Deira received a total of 34,396 licenses, followed by Bur Dubai with 29,866 licenses and Hatta with 98 commercial licenses.

As for the distribution of Indian licenses according to the top 10 sub-regions in Dubai, Naif came first, followed by Burj Khalifa, Al Murar, Al Karama and Ayal Nasser.

Port Said, Hor Al Anz East, First Trade Center, Garhoud, and Al Qusais First.

In terms of legal forms of Indian businessmen licenses, 53,099 licenses were registered as limited liability companies, 5,951 individual enterprises, 3,622 civil businesses, 644 branches of a company based in another emirate, in addition to other legal forms.

The report showed that 315 commercial licenses were issued to the Indian citizenship in 1963, 108 companies are still active today, and these licenses were distributed between the "business" by 98 licenses, "professional" by nine licenses, and "industrial" with one license.

The Dubai Economic Report confirmed that 2019 is a year of attraction for businessmen of Indian nationality. Its status as a financial and business center in the region and the world.

Exceptional transformation

“Dubai is one of the few cities in the world that has undergone exceptional transformation over the last three decades and is behind some of the most successful success stories thanks to the vision of the UAE leadership,” said Faisal Kotikolon, founder and chairman of KAF Holding.

"As an Indian investor, I have seen strong government support that has helped KAF underline its global success story."