Dubai Economy issues 6,928 new licenses in September 2021
Dubai continues to consolidate its position as a preferred destination for business in the region and a major center for economic activities of all sizes. The business movement report issued by the commercial registration and licensing sector in the Dubai Economy revealed that the total number of new licenses issued during September 2021 reached 6,928 licenses. With a growth of 68% compared to the same period in 2020, during which 4,113 licenses were issued, which confirms Dubai's attractiveness to those wishing to engage in commercial activities, and the increased confidence of the business community in its economy and the opportunities it provides for success.
The figures highlight the rising curve of Dubai's ambitious development process and the strong trends of its economy towards greater excellence, in light of the great facilities granted to facilitate doing business, and simplify the requirements and procedures for starting business in the emirate, which has an impact on raising the competitiveness of the business environment to world-leading levels.
The new licenses that were issued during September 2021 were distributed according to the license category, with professional licenses at the forefront of 56%, followed by commercial licenses by 43%, and the rest of the percentage distributed to tourism and industrial.
The report highlighted the distribution of these licenses according to the main regions in the Emirate of Dubai. The largest share was the Bur Dubai region with a total of 4,658 licenses, then the Deira region with a total of 2,264 licenses, and the Hatta region with six new licenses, while the other licenses were distributed in the areas of Al Fahidi, Burj Khalifa Port Saeed, Al Murar, First Dubai Investments Park, Naif, Al Muraqqabat, Al Karama, First Trade Center, and Al Garhoud.
The report indicated that individual institutions accounted for 36% of the total new licenses issued during September 2021, according to the legal form, while limited liability companies accounted for 25.5%, followed by civil works by 22%.
The rest of the list of legal forms included: limited liability companies - one person (LLC), branches of companies based in another emirate, branches of foreign companies, branches of companies / institutions based in a free zone, and branches of Gulf companies.
The report indicated that the total commercial registration and licensing transactions completed during September 2021 amounted to 26,232 transactions, a growth of 12% compared to the same period in 2020, when the total transactions reached 23,455 transactions.
The process of reserving trade names reached 7,404 procedures, an increase of 40% compared to September 2020 (5,274 procedures), and the number of initial approvals reached 6,057 procedures, an increase of 49% compared to September 2020 (4,072 procedures), while the percentage of commercial permits increased by 22% compared to In the same period last year, 903 permits were issued during September 2021 and 743 during September 2020.
“Invest in Dubai”, the unified digital platform for establishing a business, constitutes a model window that provides the ability to obtain licensing services and start business in the emirate within a few minutes, in an easy and smooth manner that saves time and effort, by visiting the link invest.dubai.ae, or contacting the call center Via the number 600500006.
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