A recent report by the Business Registration and Licensing sector of Dubai Economy revealed that 6,928 new licences were issued during September 2021, a growth of 68% compared to the same period in 2020, when 4,113 licenses were issued.
The figures reflect the emirate’s ability to maintain its robust economic growth, high levels of ease of doing business, measures to ensure business continuity and further simplify business procedures, and enhanced business competitiveness.
According to the report, 56% of new licences issued in September 2021 were professional, 43% were commercial and the remaining one percent was distributed among the industrial and tourism categories.
Bur Dubai accounted for the largest share (4,658) of new licences issued followed by Deira (2,264), and Hatta (6), while the top sub-regions in September 2021 were: Al Fahidi, Burj Khalifa, Port Saeed, Al Marrar, Dubai Investment Park 1, Naif, Al Muraqqabat, Al Karama, Trade Centre 1, and Al Garhoud.
Among the legal forms of the new licences issued in September 2021, the report showed that Sole Establishment companies topped the list with 36%, followed by Limited Liability companies with 25.5% and Civil companies with 22%. The legal forms also included One-Person Limited Liability Company; Branches of companies based in other emirates; Branches of Foreign Companies; and Branches of Free Zone Companies.
The report saw 26,232 business registration and licensing transactions being completed in the month of September 2021, a growth of 12% compared to the same period in 2020, when total transactions reached 23,455. This reflects the efforts of Dubai Economy to provide value-added services to businesses in Dubai to facilitate business and commercial activities.
The number of Trade Name Reservations reached 7,404, a growth of 40% compared to September 2020 (5,274), while the number of Initial Approvals reached 6,057, a growth of 49% compared to the same period last year (4,072). Commercial Permits increased by 22% from 743 in September 2020 to 903 in September 2021.
The positive growth figures validate Dubai’s ability to provide businesses high-growth opportunities in various economic sectors and the increasing confidence in the strength of the local economy.
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