Investors continue to trust Dubai’s business environment as almost 4,800 new licenses were issued in February 2021, according to the Business Registration and Licensing (BRL) Sector.
A total of 4,796 new licenses were accounted for a 3.4% increase from the 4,639 licenses issued in February 2020. From this number, 57% (or 2,730) were professional licenses, followed by 41.5% (or 1,992) were commercial, while the remaining were tourism and industrial licenses.
The district of Bur Dubai gathered the most number of licenses, with 2,831 new licenses, followed by Deira with 1,960 licenses, and Hatta with 5.
The majority of these licenses were entities of Sole Establishments (39%), Limited Liability companies (34%), and Civil Works (23%). The business activities of newly registered companies were project management services, establishment maintenance and repairs such as paint and dyes, flooring and carpentry, ventilation services, plumbing, and partitions installations.
Despite the ongoing economic struggles happening globally, Dubai’s Economy remains resilient as more projects are enacted to enhance ease of doing business and financial solutions available in the country. Two of these are “Invest in Dubai” (invest.dubai.ae) and Dubai Business Map (www.dubaibusinessmap.ae), which the local government of Dubai launched, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to assist the private sector in successfully starting and running their business within the Emirate.
Invest in Dubai is an all-in-one platform that aims to connect the investors and the government to obtain needed documents such as business licenses, investor and employee visas, and other requirements.
Meanwhile, The Business Map provides real-time data of economic realities happening within the Emirate on each business category. It features an interactive guide explaining relevant data in determining business growth using geographic data.
Source:
Dubai Economy Website
https://dubaided.gov.ae/News/en/key_news/4703
