Dubai DED issues 2,805 new licenses in April 2019, Khaleej Times reports.
The Business Registration and Licensing, BRL, sector in the Department of Economic Development, DED, Dubai, issued 2,805 new licenses during April 2019, a growth of 60 per cent compared to April 2018 (1,753).
The new licenses created 8,375 jobs in the labour market. Among the new licenses issued, 49 per cent were professional, 48.1 per cent commercial, 2.3 per cent related to tourism, and 0.6 per cent industry.
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 29,813 business registration and licensing transactions being completed during the month of April 2019, a growth of 13% compared to April 2018 (26,393).
The report showed that License Renewal accounted for 13,140 transactions during April 2019, a growth of 3.8% compared to April 2018 (12,660), while 6,259 transactions were related to Auto Renewal via text messages, a growth of 85.2 per cent compared to the same period in 2018 (3,380).
During the month of April 2019, the number of Trade Name Reservation was 4,513, a growth of 36.6 per cent compared to April 2018 (3,305), while the number of Initial Approvals reached 3,664. BRL also issued 185 instant licenses, a growth of 112.5 per cent compared to the same period in 2018 (87).
The Instant License is issued in a single step without the need for either the Memorandum of Association (MOA) or an existing location for the first year only.
The outsourced service centres of DED issued 20,724 transactions in April 2019, thus demonstrating their vital role in delivering value-added services to the public in Dubai. The number of DED Trader licenses during April 2019 reached 166 license, a growth of 19.4 per cent compared to the same period in 2018 (139).
The report also showed that the top nationalities who secured licenses in April 2019 were: Bangladesh followed by India, Pakistan, Egypt, Britain, China, Jordan, Saudi Arabia, The Philippines, and Afghanistan.
The report highlighted the distribution of the new licenses during April 2019 according to the main areas in Dubai, with Deira accounting for the largest share (1,445), followed by Bur Dubai (1,357), and Hatta (3). The top sub-regions that accounted for 60.5% of all the transactions were: Al Garhoud (14.7%), Burj Khalifa (10.8%), Port Saeed (6.8%), Al Khabaisi (6.4%), Dubai World Trade Centre 1 (5.8%), Al Barsha 1 (4.3%), Umm Al Ramoul (3.6%), Al Marar (2.9%), Oud Metha (2.7%) and Naif (2.5%).
Trade and repair services accounted for 34% of the new licenses issued in April 2019 according to the distribution of economic activities, followed by Real estate, leasing and business services (27.8%), community and personal services (11.6%), building and construction (11.2%), transport, storage and communications (4.6%), hotels group (4.3%), manufacturing (2.4%), financial brokerage (1.4%), health and labour (1.2%), education (1%), and agriculture (0.5%).