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Sat 3 Nov 2018 01:35 AM

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Dubai issues nearly 14,000 new business licences so far in 2018

Indians, Pakistanis, followed by Brits, Egyptians and French, are top nationalities in securing new licences in first nine months of 2018

Dubai issues nearly 14,000 new business licences so far in 2018
The Business Registration and Licensing sector of the Department of Economic Development, Dubai issued 13,825 new licences in the first nine months of 2018.

The Business Registration and Licensing sector of the Department of Economic Development (DED), Dubai issued 13,825 new licences in the first nine months of 2018.

Among the new licences issued, 61.2 percent were commercial, 36.4 percent professional, 1.2 percent related to tourism and 1.1 percent were industrial-related.

The Business Map digital platform of Dubai DED saw 204,319 business registration and licensing transactions being completed in the same period, a statement said.

DED said this reflects the "ease of doing business in Dubai and the economic dynamism of the emirate, as well as the city’s attractiveness for companies across sectors seeking growth opportunities".

The report showed that the top nationalities that secured licences in the first nine months of 2018 were Indians and Pakistanis, followed by Brits, Egyptians and French.

In the first nine months of 2018, 840 instant licences that took less than five minutes to be issued were processed, it added.

The report highlighted the distribution of the new licences, with Bur Dubai accounting for the largest share (7,628), followed by Deira (6,156), and Hatta (41). The top sub-regions were Burj Khalifa (1,721), Bur Dubai (1,102), Al Marar (878), Port Saeed (676), Naif (633), Dubai World Trade Centre 1 (544), Al Garhoud (489), Hor Al Anz (412), and Al Karama (341).

Among economic activities, contracting services topped new licences in the first nine months of 2018, followed by consulting - management and information, maintenance of buildings and security guards and cleaning.

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