Dubai’s Naif Locality Has Over 12,000 Operating Business Licences: Dubai Economy
Muhammad Irfan Published July 01, 2020 | 07:30 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 01st Jul, 2020) The Naif locality in Dubai has over 12,478 active operating business licences, a recent report by the Business Registration & Licensing, BRL, sector of Dubai Economy has shown. Of these, 86 percent of the licences are commercial (10,702), followed by professional (1,578), tourist and industrial licences.
According to the report, most of the businesses have been operating in Naif since 1963. In fact, 49 licences were issued in 1963 and these companies are still conducting various activities such as Jewellery, Gold & Silver; food & Beverages; Phone Electronics; General Trade, Tools and Household Utensils; Artifacts; Watches and Spare parts; Perfume & Cosmetics; Garments; Handbags & Leather products; Dye & Paints; and Flooring and Wall Tiling.
The figures underline the interest of entrepreneurs to operate in 'Naif' due to its strategic location close to the airport, ports and major commercial centres. Naif is an important destination for retail trade in Dubai, and a leading tourist destination with its traditional markets, and archaeological and heritage areas.
Dubai Economy aims to establish an attractive economic environment for businesses by developing its business registration and licensing services including the issuance and renewal of commercial licences, which contribute to the ease of starting and doing business in Dubai. This is in line with the government’s directive to promote a knowledge-based economy, drive sustainable economic growth and open fields and activities to entrepreneurs.
As per the report, the total number of stakeholders in the active companies operating in Naif reached 49,718 including 45,161 males.
The chief legal forms of the companies operating in Naif are Limited Liability Company (9,734 licences) and Sole Proprietorship (2,043). In addition, the locality also has Civil Companies, One-Person Limited Liability Company, Branches of companies based in other Emirates, General Partnership, Branches of Free Zone Companies, Branches of Gulf Companies, Branches of Foreign Companies, Public Shareholding Companies, Limited Partnership and Public Shareholding Companies.
Related Topics
Recent Stories
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
U.S. envoy calls on Foreign Minister Ishaq Dar
Poland arrests man over suspected plan to kill Zelensky
EU wants to ease youth movement to and from UK
Police foils attempt of supply mainpuri raw material
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