DUBAI
The Business Registration and Licensing, BRL, Sector at Dubai Economy has registered record results in the number of licences issued in the first half of 2017 with 10,455 commercial licences issued at an average of 1,743 licences per month, while the total number of licences renewed was 71,831 at a monthly average of 11,971.
According to a press statement, new commercial licences issued during the first half of 2017 included, 73 per cent trade licences, 23.4 per cent professional licences, 1.9 per cent industrial licences, and 1.7 per cent tourism licences, reflecting Dubai’s position as the one of the world’s leading shopping destinations.
The total number of reserved trade names during the first half of 2017 was 6,776, a monthly average of 3279, while the total number of initial approvals during the same period reached 13,475, at a monthly average of 2245. The number of amended licences reached 16,683 commercial licences at 2614 licences per month.
Dubai Economy’s strategy focuses on facilitating business activity and company formation in Dubai by enabling entrepreneurs and investors to complete their transactions in the least possible time and reinforces Dubai’s business leadership and competitiveness ranking in the World Bank report on Doing Business.
