Video .. 12,437 commercial licenses in Al Quoz, Dubai

A Dubai Economic Department report said that the number of companies operating in the Al Quoz area in Dubai has so far reached about 12,437 thousand active companies, and the report issued by the commercial registration and licensing sector showed that the effective companies operating in the Al Quoz region were distinguished by their diversity according to the license category. With a total number of 9,074 licenses, with a percentage of 73% of the total licenses, then professional with about 2,467 licenses, and by 20%, pointing out that the remaining percentages were distributed to industrial and tourism activities. The report indicated that the rate of distribution of these effective licenses in Al Quoz is according to the top three sub-regions, which are Al Quoz 3, Al Quoz 1 and Al Quoz Industrial 2, and represented about 59% of the total number of active companies in Al Quoz.  

With regard to the legal form of active licenses in the Al Quoz region, licenses for limited liability companies come first with a rate of 68%, followed by individual establishments with a rate of 21%, and then civil works with a rate of 6%. Legal forms also include limited liability companies - one person (LLC), branches of companies based in another emirate, joint liability companies, branches of Gulf companies, branches of foreign companies, branches of companies / establishments based in a free zone, and public joint stock companies, Private shareholding companies, simple recommendations, and social media.

In early April 2021, the Dubai government launched the Al Quoz Creative District, as an integrated creative complex that supports creators and investors in the fields of the creative economy, and this comes in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the capital For the creative economy by 2025, and strengthening the emirate's position as a regional and international center for the creative economy, within an integrated system that contributes to achieving the comprehensive economic development of the emirate.

Al Quoz is considered a commercial and residential area at the same time, as the residential area is divided into four sub-complexes summarized by each of Al Quoz 1, Al Quoz 2, Al Quoz 3 and Al Quoz 4, all of which are located to the north, while towards the south there are the commercial areas that include Al Quoz Industrial 1, Al Quoz Industrial 2 and Al Quoz Industrial 3 and Al Quoz Industrial Area 4. The residential areas in Al Quoz are characterized by their tranquility, despite the fact that the commercial part of it is embraced by many warehouses and factories.  

The Al Quoz Creative District project will re-design the district's paths to become an integrated creative community and destination for creatives. The creative industries in the Al Quoz Creative District include wide and varied fields, most notably the publishing industry, books, audiovisual and print media, through cinema, music, video production, artworks, cultural industries, cultural heritage museums, and historical sites. It contains major cultural events, libraries, the software industry and video games, and design of all kinds, whether related to fashion or designing games, programs, buildings and others.

Dubai Economy said that it is working directly to promote and facilitate doing business in the Emirate of Dubai by coordinating with the concerned authorities in the emirate to harness all efforts and capabilities that ensure putting strategies into actual implementation and facilitating procedures for commercial transactions and licenses in Dubai, in order to be able to apply best practices in a systematic approach. Work and improve commercial licensing procedures, which are a key factor in business competitiveness and sustainability.

The "Invest in Dubai" platform, which is the unified digital platform for establishing a business, provides the experience of doing business and the opportunity to obtain commercial licensing services and start business within a few minutes, in an easy and smooth manner that saves time and effort in a central platform without reviewing any service center.

The platform has the services of initial approval, reservation of a trade name, issuance of instant licenses, licenses of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, launch licenses, a dealer license, in addition to electronic incorporation contracts, and the renewal of commercial licenses.

To start any commercial project, you can visit the platform via the link invest.dubai.ae, or contact the call center on 600500006.

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