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ABU DHABI / WAM
The increased issuance of Sole Establishment licences in the UAE continued in the first month of 2021, underscoring the robust activity of the sector, which recently attracted many investors from both inside the country and abroad.
The National Economic Register’s recent figures show that relevant authorities issued over 4,000 new licences for Sole Establishment around
the country in January 2021. In light of the accelerating growth of the sector, the total number of sole establishments rose to 304,948 at the end
of January. Official statistics highlight the fact that sole traders account for nearly 41 percent of total economic licences, amounting to 740,717 at the end of January.
The statistics also point out that Abu Dhabi, Dubai and Sharjah account for 78.6 percent of the total number of sole establishments operating in the country.