Dubai DED issues 2,650 new licences in August 2019

Dubai DED issues 2,650 new licences in August 2019

By Staff Report

Published: Sun 22 Sep 2019, 6:21 PM

Last updated: Mon 23 Sep 2019, 12:19 AM

The Department of Economic Development (DED) in Dubai has issued 2,650 new licenses for various professional, commercial, industrial, and tourism activities in August 2019.
According to the Business Registration and Licensing (BRL) sector in DED, 65.6 per cent of the new licences were professional, 32.2 per cent commercial, 1.7 per cent related to tourism and 0.5 per cent industry, and together, they created 8,187 jobs in the labour market.
The 'Business Map' digital platform of DED, which seeks to reflect the economic realities in Dubai by providing vital data on each license category including their numbers and distribution on a monthly basis, saw 21,249 business registration and licensing transactions being completed during August 2019. The outsourced service centres of DED accounted for 15,349 transactions - 72 per cent of the total - thus demonstrating their vital role in delivering value-added services to the public in Dubai.
The August 2019 transactions also showed that Trade Name Reservation accounted for 3,452 transactions, while the number of Initial Approvals reached 2,954. The total number of Commercial Permits reached 1,023 in August 2019. In addition, License Renewal accounted for 8,646 transactions in August 2019, including 4,282 (50 per cent) transactions related to Auto Renewal via text messages.
The BRL also issued 160 instant licenses, which is processed in a single step without the need for either the Memorandum of Association?or an existing location for the first year, while the number of DED Trader licenses, which allows to conduct business activities on social media, reached 191 in August 2019. The report also showed that the top nationalities who secured licenses in August 2019 were: Bangladesh, India, Pakistan, Egypt, Britain, China, Saudi Arabia, Jordan, Sudan and the USA in that order.
The Deira area accounted for the largest share (1,518) of licences issued in August 2019, followed by Bur Dubai (1,129), and Hatta (3). The top sub-regions, which accounted for 86.7 per cent of all the transactions, were: Al Garhoud (15.2 per cent), Burj Khalifa (14.4 per cent), and Oud Al Muteena.
Real estate, leasing & business services accounted for 43.9 per cent of the new licenses issued in August 2019 according to the distribution of economic activities, followed by Trade & repair services (26.7 per cent), Community & personal services (8.9 per cent), Building & Construction (7.5 per cent), and Transport, storage & communications (4.5 per cent).
- business@khaleejtimes.com




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