The Dubai Business Registration and Licensing Business Report showed that 14,737 new business licenses were issued during the first half of 2019, confirming Dubai's continued competitiveness and attractiveness in attracting companies and investors seeking sustainable growth and expanding their business across various economic sectors. In Dubai.
The Dubai Economic Department said in a statement yesterday that the new licenses were characterized by their diversity depending on the activity, with the forefront of which are commercial activities by 52% (7648 licenses), professional by 45% (6722 licenses), tourism by 2% (262 licenses), and industrial 1% (105 licenses).
The figures from the Business Map, the digital platform for Dubai's economy, underscore its continued support for Dubai's ambitious development drive for excellence.
The report pointed out that the process of booking trade names amounted to 22 thousand and 456 transactions during the first half of 2019, while the number of initial approvals reached 17 thousand and 798 procedures, and the total amendment of a trade license reached 16.084 thousand procedures.
The total number of renewal transactions reached 73,404 transactions during the first half, including 34,250 renewal transactions for commercial licenses automatically through text messages, which constitutes 47% of the total transactions.
The number of instant licenses issued in one step without signing for the first year and exemption from the memorandum of association for the same period, 1149 licenses.
The Business Traffic Report highlighted the distribution of new licenses during the first half of 2019 by major regions in the Emirate of Dubai.The Bur Dubai region received the largest share with a total of 7,584 licenses, followed by Deira 7135 and Hatta with 18 new business licenses.
Burj Khalifa came first (1747), followed by Al Garhoud (1284), Port Saeed (986), Al Fahidi (908), Al Barsha 1 and the first commercial center. , Murr, Al Khabaisi, Naif, Maitha promises.
In terms of the legal forms of new licenses issued during the first half, 7,392 licenses were topped as limited liability companies, followed by 3,883 individual enterprises and then 2,686 civilian businesses.
The report said that 88% of business licenses in the emirate are owned by new businessmen, while the share of businesswomen is 12%.
The report showed that the top 10 nationalities in the first half of 2019 were: India in the first place, followed by Bangladesh in the second place, then Pakistan in the third place, and then the Arab Republic of Egypt, Britain, Saudi Arabia, Jordan, China, Philippines, Sudan ranked tenth.