Number Of Operating Companies In Al Barsha Reaches 7,112: Dubai Economy
Fahad Shabbir (@FahadShabbir) Published September 16, 2020 | 10:15 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 16th Sep, 2020) A recent report by the Business Registration & Licensing, BRL, sector of Dubai Economy shows that the number of operating businesses in Al Barsha has reached 7,112 to date.
Of these, 50.6 percent licences were Commercial, followed by Professional (47 percent) and the rest related to Tourism and Industrial activities.
The report offers the business community an overview of the business reality and the opportunities available in Al Barsha.
In terms of legal forms of the active licences in Al Barsha, Limited Liability Company, LLC, ranked first at 46.3 percent, followed by Sole Establishment (28.6 percent), and Civil Company (18.5 percent).
The legal forms included one-person limited liability companies, branches of companies based in other Emirates, branches of foreign companies, branches of GCC companies, branches of Free Zone companies, general partnership, public shareholding companies, and limited partnership.
Of the businesses, 2.5 percent are by women entrepreneurs, and 2.2 percent by companies. The top activity groups are contracting and related matters; general trading; readymade garments; restaurants & cafes; other commercial activities; building maintenance, security & cleaning; cleaning services; electronics group; real estate; and information technology.
Al Barsha area includes Al Barsha 1, Al Barsha 2, Al Barsha 3 and the latest addition, Al Barsha South. Most of the apartment buildings, shops and restaurants are located in Al Barsha 1 while a majority of the villas are set across the rest of the communities.
Al Barsha has a sophisticated metropolitan vibe that is synonymous with the lifestyle of Dubai. The area is well-known for being home to different cultures due to its convenient location near many schools and facilities such as shopping malls, luxurious restaurants, hospitals and entertainment centres, which made it a great choice for families.
Dubai Economy’s strategy focuses on enhancing the ease of doing business as well as driving the overall competitiveness and sustainable growth of Dubai. Dubai Economy adopts a comprehensive approach to promoting the business environment to ensure that the Emirate's competitiveness is maintained. The BRL sector offers several initiatives such as ease of start-up procedures, business registration, adoption of new e-services, and value-added services for licensed business owners.
Related Topics
Recent Stories
President Raisi leaves for Iran from Karachi
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 24 April 2024
Today Gold Rate in Pakistan 24 April 2024
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
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