Dubai DED Issues 1,748 New Licenses In November
Mohammad Ali (@ChaudhryMAli88) Published December 16, 2018 | 10:30 PM
(UrduPoint / Pakistan Point News / WAM - 16th Dec, 2018) DUBAI,16th December 2018 (WAM) - The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED), Dubai, issued 1,748 new licenses during November 2018, as Dubai remained a destination of choice for investment in diverse business sectors. Among the new licenses issued, 62.3% were commercial, 35.2% professional, 1.3% related to tourism and 1.2% industry.
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 as well as investor trends on a monthly basis, saw 23,979 business registration and licensing transactions being completed during the month of November.
During the month of November, the number of Trade Name Reservation was 3,037, while the number of Initial Approvals reached 2,265, and the number of Commercial Permits reached 2,283. BRL also issued 136 instant licences. The Instant Licence is issued in a single step without the need for either the MOA (Memorandum of Association) or an existing location for the first year only.
The Business Map showed that License 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 licenses 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% of the total BRL transactions issued in November (23,979), thus demonstrating their vital role in delivering value-added services to the public in Dubai.
The report highlighted the distribution of the new licenses during November 2018 according to the main areas in Dubai, with Bur Dubai accounting for the largest share (915), followed by Deira (831), and Hatta (2). The top sub-regions that accounted for 52.7% of all the transactions were: Burj Khalifa (12.4%), Port Saeed (10%), Al Marar (4.6%), Garhoud (4%), Dubai World Trade Centre 1 (3.9%), Al Barsha 1 (3.9%), Al Khabaisi (3.4%), Naif (3.1%), Umm Ramool (2.9%), Al Karama (2.3%), and Hor Al Anz (2.2%).
Trade and repair services accounted for 36.9% of the new licenses issued in November 2018 according to the distribution of economic activities, followed by Real estate, leasing and business services (22.4%), Building and Construction (14.7%), Community and personal services (10.4%), Hotels group (4.9%), Transport, storage & communications (3%), Manufacturing (2.6%), Financial brokerage (2.1%), Health and labour (1.7%), education (0.6%), Agriculture (0.4%), and Mining and Natural Resources (0.3%).
Related Topics
Recent Stories
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
Record London close as oil prices drop on easing Middle East fears
TV tower in Kharkiv struck as Russia captured village
LCCI language courses from May 1
Governor for service oriented governance in Punjab
Survivors tell of panic at C.Africa river boat disaster
Enrolment campaign, awareness walk held in Lower Chitral
“Say no to plastic- yes to tress” campaign kicks off in Attock
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago