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Sun 18 Aug 2019 09:36 AM

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Dubai's DED issues 14,737 new business licenses in H1

Commercial licenses accounted for the greatest share of new licenses

Dubai's DED issues 14,737 new business licenses in H1
The DED’s ‘Business Map’ digital platform showed that women’s representation among new business owners rose to 12 percent.

Dubai’s Department of Economic Development (DED) issued 14,737 new licenses in the first half of the year, or about 81 a day, according to DED statistics.

Of the new licenses, 7,648 – 52 percent – were commercial, compared to 45 percent (6,722) that were professional, two percent (262) tourism related and one percent (105) industrial.

Additionally, H1 of 2019 saw 73,404 license renewal transactions, of which 34,250 were related to auto renewals via text messages, and 1,149 were instant licenses, which were processed in a single step without the need for a ‘Memorandum of Association’ or an existing location during the first year.

Bur Dubai accounts for the greatest share – 7,584 – of new licenses, followed by Deira with 7,135.

The top sub-regions were found to be Burj Khalifa (1,747), Al Garhoud (1,284) and Port Saeed (986).

Of the total licenses issued in the first six months of the year, 7,392 were for limited liability companies, compared to 3,833 for sole proprietorship companies and 2,686 for civil companies.

The DED’s ‘Business Map’ digital platform showed that women’s representation among new business owners rose to 12 percent.

The top 10 nationalities that secured new licenses were Indians, Bangladeshis, Pakistanis, Egyptians, Britons, Saudis, Jordanians, Chinese, Filipinos and citizens of the Sudan.

Arabian Business digital magazine: read the latest edition online