"Economy and Tourism": Dubai attracts 72,152 new companies during 2021
The commercial registration and licensing sector in the Department of Economy and Tourism in Dubai announced the issuance of 72,152 new licenses during 2021, with a growth rate of 69% compared to the year 2020, during which 42,729 licenses were issued. The ability to attract expertise and investments, and it is an ideal incubator for various types of economic activities.
The figures confirm Dubai's solid position on the regional and global map as the capital of the most developed and fastest growing economy, as well as the ideal environment for incubating and absorbing new and distinguished ideas, as well as providing support to various economic sectors in Dubai in parallel with supporting the interests of regional and global companies based in Dubai, in addition to To create more new investment opportunities in the digital economy.
According to the recent report issued by the commercial registration and licensing sector, the new licenses issued during 2021 were distributed according to the license category as follows: professional licenses by 59%, followed by commercial licenses by 41%. While 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 48,562 licenses, then the Deira region with a total of 23,513 licenses, and the Hatta region with 77 new licenses, while the distribution of licenses came according to the highest sub-regions As follows: Al Fahidi, Burj Khalifa, Al Murar, Port Saeed, First Trade Center, Naif, Dubai Investments Park First, Al Barsha First, Al Quoz Third, and Al Karama.
The report indicated that individual institutions accounted for 37% of the total new licenses issued during 2021 according to the legal form, while limited liability companies accounted for 26%, followed by civil works by 13%. The rest of the list of legal forms included limited liability companies - one person (LLC), branches of companies based in another emirate, branches of companies / institutions based in a free zone, branches of foreign companies, branches of Gulf companies, private joint stock companies, Public joint stock companies, and a simple recommendation.
The report indicated that the total commercial registration and licensing transactions completed during 2021 amounted to 430,921 transactions, a growth of 24% compared to 2020, when the total transactions reached 347,496 transactions. The number of initial approvals during 2021 reached 60,293 with a growth of 47% compared to 2020, in which it recorded (40,982 approvals), while the number of trade name reservations reached 72,772 names during 2021, a growth of 42% compared to 2020, where the total number of reserved names reached At that time, 51,252 names were registered, and 12,284 commercial permits were issued during 2021, a growth of 15% compared to 2020, when the total number of permits at that time reached 10,687.
The report stated that the commercial registration and licensing sector issued 15,196 licenses immediately during 2021, with a growth of 427% compared to 2020, when 2,884 licenses were issued at that time.
The issuance of the immediate license, which takes only five minutes on the “Invest.dubai.ae” platform, with the option of issuing an electronic articles of incorporation, and a virtual site for the first year only, comes within the framework of the strategy of the Department of Economy and Tourism in Dubai, which aims to support the process of economic diversification and sustainable growth and competitiveness in the emirate.
"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 center Call 600500006.
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