Dubai: The Business Registration and Licensing sector in Dubai Economy issued 19,877 new licenses in 2017, and registered a total of 288,878 transactions.
In a statement, Dubai Economy said renewal of licenses accounted for 128,965 transactions in 2017, while there were 38,223 trade name reservations. Auto-renewals accounted for 47,125 transactions and e-Trader licences for 616.
Of the new licences issued in 2017, 64 per cent were commercial, 34 per cent were professional, 1.1 per cent was industrial, and 0.9 per cent was in tourism.