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DUBAI / WAM
The Department of Economic Development (DED) in Dubai issued 20,467 new licences during the year 2018 as the emirate continued to enhance its appeal as a destination for sustainable business growth.
Overall, 248,769 business registration and licensing transactions were recorded in the ‘business map’ digital platform of DED in 2018 — an increase of 4.6% over 2017 — as more and more businesses and investors took advantage of the emirate’s competitiveness and increasing opportunities across diverse economic sectors.
Licence renewals accounted for 128,965 transactions at the business registration & licensing (BRL) sector in DED in 2018, while 24,859 were related to initial approvals. There were also 35,563 transactions related to trade name reservation, 50,148 auto renewal transactions, 1,202 instant licence procedures, and 1,075 DED trader transactions. As economic diversification continued to gather pace in 2018, all major economic sectors saw demand for varied BRL services.