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DED issues 1,426 trade licences in July 2012

The Department of Economic Development, or DED, has issued 1,426 trade licenses in July 2012 showing an increase of nine per cent over the same period last year.

The professional sector accounted for the highest increase in number of licenses (29 per cent) followed by the commercial (four per cent), industry and tourism sectors, compared to July 2011.

According to the figures released by the department, the increase in licences relates to a higher level of interest in commercial and professional activities among businessmen and investors in Dubai.

Commercial licences accounted for 72 per cent of the total licences issued last month, followed by professional (26 per cent), industrial and tourism (one per cent each) licences.

The total number of licences amended in July 2012 was 5,493, compared to 4,991 in July 2011, an increase of 10 per cent, while the total number of business registration and licensing (BRL) transactions reached 45,933, compared to 41,700 in July 2011, an increase of 10 per cent.

The number of reserved trade names reached 5,021 in July 2012, a 22 per cent increase compared to the same period in 2011, while the number of initial approvals reached 2,325, a 19 per cent increase year on year.

The total number of commercial activities licensed in July 2012 was 3,496, with General trade leading the list of the top 10 licensed activities with (192 licences) followed by dyes & paints (122 licences), carpentry and flooring (117), tiling of floors and walls (113), and Sanitary extensions and wares (108). —