Dubai DED issues 2,650 new licences in August

Business Bureau, Gulf Today

The Department of Economic Development (DED) in Dubai issued 2,650 new licences for various professional, commercial, industrial and tourism activities in August 2019. According to the Business Registration and Licensing (BRL) sector in DED 65.6 per cent of the new licences were professional, 32.2 per cent commercial, 1.7 per cent related to tourism and 0.5 per cent industry, and together, they created 8,187 jobs in the labour market.

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 on a monthly basis, saw 21,249 business registration and licensing transactions being completed during August 2019. The outsourced service centres of DED accounted for 15,349 transactions - 72 per cent of the total - thus demonstrating their vital role in delivering value-added services to the public in Dubai.

The August 2019 transactions also showed that Trade Name Reservation accounted for 3,452 transactions, while the number of Initial Approvals reached 2,954. The total number of Commercial Permits reached 1,023 in August 2019.

The report showed that licence renewal accounted for 8,646 transactions in August 2019, including 4,282 (50 per cent) transactions related to Auto Renewal via text messages.

BRL also issued 160 instant licences, which is processed in a single step without the need for either the Memorandum of Association or an existing location for the first year, while the number of DED Trader licences, which allows to conduct business activities on social media, reached 191 in August 2019.