«Economy and Tourism»: a growth of 69% compared to the year 2020

Dubai attracts 72,15,000 new companies during 2021

The figures confirm Dubai's solid position on the regional and global map as the capital of the most developed economy.

archival

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, a growth of 69% compared to 2020, during which 42,729 licenses were issued.

quantum leap

A statement issued yesterday said that this growth confirms the achievement of a qualitative leap in creating a business environment that enjoys all the elements of growth and prosperity, and the ability to attract expertise and investments, and is characterized by being an ideal incubator for various types of economic activities.

The figures also confirm the solid position of Dubai 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 that are based in Dubai. In addition to creating more new investment opportunities in the digital economy.

license category

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%.

Territorial distribution

The report highlighted the distribution of these licenses according to the main regions in the Emirate of Dubai, as 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. Distribution of licenses according to the highest sub-areas as follows: Al Fahidi, Burj Khalifa, Al Murar, Port Saeed, First Trade Center, Naif, First Dubai Investments Park, Al Barsha First, Al Quoz Third, and Al Karama.

Legal form

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, branches of companies headquartered in another emirate, branches of companies/institutions headquartered in a free zone, branches of foreign companies, branches of Gulf companies, private joint stock companies, public joint stock companies, and a simple recommendation.

completed transactions

The report indicated that the total number of commercial registration and licensing transactions completed during 2021 amounted to 430,921 transactions, a growth of 24% compared to 2020, which recorded a total of 347,496 transactions at that time.

The number of initial approvals during 2021 reached 60,293 initial approvals, a growth of 47% compared to 2020, which recorded 40,982 approvals.

The number of trade name reservations reached 72,772 during 2021, a growth of 42% compared to 2020, when the total number of reserved names reached 51,252.

According to the data, 12,284 commercial permits were issued during 2021, a growth of 15% compared to 2020, when the total number of permits reached 10,687.

• A quantum leap in creating a business environment that enjoys all the elements of growth and prosperity and the ability to attract expertise and investments.

• The number of instant licenses grew by 427% in 2021 compared to 2020.

• 24% increase in total commercial registration and licensing transactions.

15.19 thousand instant licenses in 2021

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 the time.

The issuance of the instant license, which takes only five minutes on the “

” platform, with the option of issuing an electronic articles of association, 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 aimed at supporting 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, providing the possibility 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

, or contacting With the call center at 600500006.

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