Dubai Economy issues 5,885 new licenses in August, up 54% year-on-year


A recent report from the Dubai Economy Business Registration and Licensing industry found that 5,885 new licenses were issued in August 2021, up 54% from the same period in 2020, when 3,829 licenses were issued. have been issued.

The numbers reflect the ease of doing business in the Emirate, the steps taken to ensure business continuity and further simplify government procedures for businesses, further strengthening Dubai’s status as a global hub and the best place in the world. to live and work.

According to the report, 59% of new licenses issued in August 2021 were professional activities (3,473), 40% were commercial activities (2,378) and 1% were industrial activities. This confirms the emirate’s constant efforts to provide a favorable environment and infrastructure for local and international businesses.

According to major zones, Bur Dubai accounted for the largest share (4,299) of new licenses issued, followed by Deira (1,577) and Hatta (9).

Dubai Economy strives to provide solutions that help improve the ease of doing business in the emirate and increase investment and growth, which in turn drives sustainable economic growth. This highlights the vital role of Dubai Economy in providing value-added services to Dubai businesses as well as enhancing the economic competitiveness of the emirate, including its ability to provide businesses with high growth opportunities in a variety of areas. economic sectors.

According to the legal forms of the new licenses issued in August 2021, the report showed that sole proprietorships topped the list with 38%, followed by civil and limited liability companies with 23.5% each. Legal forms also included the one-person limited liability company; Branches of companies based in other Emirates; branches of foreign companies; and branches of companies in the free zone.

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