Dubai issues 1,748 new licences in November

dubai - The top nationalities who secured licences in November 2018 were Indians

The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) in Dubai issued 1,748 new licences during November 2018.

Among the new licences issued, 62.3 per cent were commercial, 35.2 per cent professional, 1.3 per cent related to tourism and 1.2 per cent industry.

The 'Business Map' digital platform of the DED saw 23,979 business registration and licensing transactions being completed during November.

During November, the number of trade name reservations was 3,037, while the number of initial approvals reached 2,265, and the number of commercial permits reached 2,283. The BRL also issued 136 instant licences. The Business Map showed that licence renewal accounted for 11,156 transactions during November, while 4,979 transactions were related to auto renewal via text messages.

The report also showed that the top nationalities who secured licences in November 2018 were India, followed by Pakistan, Egypt, Bangladesh, China, Saudi Arabia, Britain, Jordan, Sudan and the Philippines.

The outsourced service centres of DED issued 17,399 transactions, a growth of 72.5 per cent of the total BRL transactions issued in November.

The report highlighted the distribution of the new licences during November according to the main areas in Dubai, with Bur Dubai accounting for the largest share at 915, followed by Deira at 831 and Hatta with 2. The top sub-regions that accounted for 52.7 per cent of all transactions were the Burj Khalifa at 12.4 per cent, Port Saeed at 10 per cent and Al Marar at 4.6 per cent.

Trade & repair services accounted for 36.9 per cent of the new licences issued in November, according to the distribution of economic activities, followed by real estate, leasing & business services at 22.4 per cent, building & construction at 14.7 per cent, community & personal services at 10.4 per cent, hotels group at 4.9 per cent, transport, storage & communications at three per cent.

- business@khaleejtimes.com