310 licenses for "public shareholding" companies in Dubai

Commercial registration: “Bur Dubai” registered 173 licenses, and “Deira” 135 licenses.


A report issued by the commercial registration and licensing sector in the Dubai Economy showed that the total number of public shareholding company licenses reached 310 in the Emirate of Dubai, as of the beginning of this year, and the issuance of the report comes within the framework of the vital role of the sector in the application of best practices, such as the ease of procedures for starting the activity Economic and company registration, adopting the new electronic services, the mechanism of doing business, and providing value-added services to businessmen who hold commercial licenses, which creates an ideal competitive environment for doing business and applying the highest standards at all levels.

The report indicated that the distribution of public shareholding company licenses according to activity was as follows: commercial (97%), followed by industrial (2.2%), then tourism by 0.8%.

The report highlighted the distribution of public shareholding company licenses according to the main regions in the Emirate of Dubai, and the largest share was for Bur Dubai with a total of 173 licenses, then Deira with a total of 135 licenses, and finally for Hatta with two licenses.

And "public shareholding" is every company that is

Its capital is divided into shares of equal value that are negotiable, and the founders subscribe to a part of these shares, while the rest of the shares are offered to the public in a public subscription, and the partner is only asked about the amount of his share in the capital.

The company has a name derived from its purpose, and it is not permissible for it to be the name of a natural person, unless the company's purpose is to invest a patent registered in the name of this person, or if the company acquired at its incorporation or after that a store and took his name as its name, and in all cases it must be added to The name of the company is «Public Joint Stock Company».

The public shareholding company may not bear the name of any other company or a similar name, otherwise the other company may request the competent administrative or judicial authority to oblige the company that (took the same name) to change this name.

• Commercial licenses acquired the lion’s share of public shareholding companies with a rate of 97%, followed by the industrial sector with a rate of 2.2%.

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