Dubai Economy: Commercial companies acquire 73% of the total licenses

12,4 thousand commercial licenses in Al Quoz in Dubai

The efficient companies operating in Al Quoz were distinguished by their diversity according to the license category.

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A Dubai Economy report stated that the number of companies operating in the Al Quoz area in Dubai has reached, so far, about 12,437 active companies.

The report, which was issued by the Commercial Registration and Licensing Sector, showed that effective companies operating in the Al Quoz region were distinguished by their diversity according to the license category. The commercial companies came first with a total of 9,074 licenses, representing 73% of the total licenses, then “professional” with 2,467 licenses, or 20%. Pointing out that the rest of the percentages were distributed to industrial and tourism activities.

The report pointed out that the average distribution of these effective licenses in Al Quoz - according to the three highest sub-regions: “Al Quoz Three,” “Al Quoz First” and “Al Quoz Second Industrial” - represented about 59% of the total number of active companies in Al Quoz.

Legal form

With regard to the legal form of active licenses in the Al Quoz region, licenses for "limited liability companies" came first with a percentage of 68%, followed by "individual establishments" by 21%, and then "civil works" by 6%.

Legal forms also include: limited liability companies - one person (LLC), branches of companies based in another emirate, joint partnerships, branches of Gulf companies, branches of foreign companies, branches of companies / establishments based in a free zone, Public shareholding companies, private joint stock companies, limited partnerships, and social media sites.

«Al Quoz Creative»

In early April 2021, the Dubai government launched the Al Quoz Creative District, an integrated creative complex that supports creative people and investors in the fields of the creative economy.

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 of the creative economy by 2025, and to strengthen the emirate's position to be a regional and international center for the creative economy, within an integrated system that contributes to achieving economic development. The overall emirate.

Al Quoz is a commercial and residential area at the same time. The residential area is divided into four sub-complexes, which are summarized in “Al Quoz 1”, “Al Quoz 2”, “Al Quoz 3” and “Al Quoz 4”, all of which are located towards the north, while there is towards the south. The commercial areas that include Al Quoz Industrial 1, Al Quoz Industrial 2, Al Quoz Industrial 3 and Al Quoz Industrial 4.

The residential areas in Al Quoz are calm, despite the fact that the commercial part of it hosts many warehouses and factories.

Creative industries

In turn, the “Al Quoz Creative District” project will redesign the region’s paths, to become an integrated creative complex and a destination for creators. The creative industries that the Al Quoz Creative District embraces include a wide variety of fields, most notably: publishing and books, audiovisual and print media, through cinema, music, and the production of clips. Video, artifacts, cultural industries, cultural heritage museums, and historical sites.

It also contains major cultural events, libraries, the software and video games industry, and design of all kinds.

Facilitate business

Dubai Economy affirmed that it is working directly to enhance 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 that strategies are put into actual application, and facilitate the procedures of commercial transactions and licenses in Dubai, in order to be able to apply Best practices in business methodology and improving commercial licensing procedures, which are a key factor in business competitiveness and sustainability.

"Invest in Dubai"

The "Invest in Dubai" platform, which is the unified digital platform for establishing businesses, provides the experience of doing business, the opportunity to obtain commercial licensing services, and start a 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 services are available on the platform: initial approval, reservation of a trade name, issuance of instant licenses, licenses of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, start-up 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 at «600500006».

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