March 21, 2023

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The Dubai economy will issue 6,928 new licenses in September 2021

The Dubai economy will issue 6,928 new licenses in September 2021

Dubai continues to integrate its position as a preferred destination for business in the region and as a major hub for economic activity at all levels. Issued in September 2021 reached 6,928 licenses. With a growth of 68% compared to the same period of 2020, 4,113 licenses were issued, which confirms Dubai’s attractiveness to those who wish to engage in business activities and the increased confidence of the business community in its economy and its opportunities for success.

The figures highlight the rising curve of Dubai’s ambitious development process and strong trends towards the greater specialization of its economy. Impact on raising the competitiveness of the business environment to world leading positions.

New licenses issued in September 2021 were issued under the Licensing Division, previously 56% of business licenses, 43% of business licenses, and the remaining percentage was distributed to tourism and industry. The report highlights the distribution of these licenses across key regions in the Emirate of Dubai. The total share is the Bur Dubai region with 4,658 licenses, followed by the Dera region with a total of 2,264 licenses, and the Hatta region with six new licenses, the other licenses being Al Fahidi, Burj Khalifa Port Saeed, Al Murar, First Dubai Investment Park, Naif, Al Muraqqabad, Al Karama, Distributed in the first trade center and Al Garhout areas.

The report points out that of the total new licenses issued in September 2021, 36% were private companies, 25.5% were limited liability companies by law, and 22% were civil servants. List of remaining legal forms: Limited Liability Companies – One

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Total business registration and license transactions completed in September 2021 were 26,232 transactions, a growth of 12% compared to the same period in 2020, bringing the total number of transactions to 23,455.

The process of booking 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). The percentage of business permits increased by 22% compared to the same period last year, with 903 permits issued in September 2021 and 743 in September 2020.

“Invest in Dubai”, an integrated digital platform for setting up a business, creates a sample window that offers the ability to access licensing services and save time and effort starting a business in the emirate in minutes. Investment.By visiting the link or by contacting the call center at 600500006.

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