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Dubai announces the issuance of 55,000 new commercial licenses
Dubai announces the issuance of 55,000 new commercial licenses

A report issued by the Commercial Registration and Licensing Sector at the Department of Economy and Tourism in Dubai stated that 55,194 new licenses were issued during the first 10 months of 2021, with a growth rate of 69%, compared to the same period in 2020, during which 32,626 licenses were issued.

The report indicated that these figures confirm the efforts made to provide incentives to ensure business continuity and sustainability, in addition to the attractiveness of the Emirate of Dubai to those wishing to engage in commercial activities, and increase the confidence of the business community in its economy, and the opportunities it provides for success.

It also confirms the strength and continuity of the emirate's ambitious economic growth, its successful containment of the repercussions of the global crisis represented by the "Covid-19" pandemic, and the government's speed in adopting and amending appropriate economic policies, and applying them on the ground in order to raise the rate of economic growth, as well as reduce the cost of doing business, and simplify Conditions and procedures for starting business in the emirate, which contributes to enhancing investor and business confidence in the promising prospects of the diversified national economy.
The new licenses issued during the first 10 months of this year were distributed according to the license category, among the professional licenses by 59%, followed by the commercial licenses by 41%.

The report highlighted the distribution of these licenses according to the main regions in the Emirate of Dubai, where the largest share was the "Bur Dubai" region with a total of 37,562 licenses, then the Deira region with a total of 17,572 licenses, while the "Hatta" region registered 60 new licenses.

The distribution of licenses according to the highest sub-regions was as follows: "Al Fahidi", "Burj Khalifa", "Port Saeed", "Al Murar", "First Trade Center", "Al Khabaisi", "Al Barsha First", "Naif", "Al Garhoud", and "dignity".

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