Dubai, July 19, 2022 (WAM)-Dubai issued 45,653 new business licenses in the first half of 2022, a 25% increase compared to the same period last year.

The figures are a revolutionary new strategic of the government that has revitalized the economy, stimulated a strong flow of domestic and foreign investment, and allowed the emirates to accelerate their sustainable economic growth and pace of diversification. Reaffirm the success of the approach and policy revisions.

Helal Saeed Al Marri, Director of the Bureau of Economy and Tourism of Dubai, said: Taken to ensure business continuity and provide foreign investors with full ownership options. Both are key steps to support the vision and direction of High Commissioner Sheikh Mohammed bin Rashid al-Maktoum, Vice President of the Emirate of Dubai, to attract foreign direct investment. In an important sector.

‚ÄúThese measures also enhance Dubai’s growth-friendly, transparent investment environment, featuring outstanding business excellence and a high level of security and security. New data is Dubai’s dynamic. Entrepreneurship, globally competitive services for business, and local, regional and global investors have growth prospects. ”

According to BRL sector data, 55% of new business licenses issued in the first half of 2022 were professional and 45% were commercial. Bur Dubai has the largest share with the issuance of 31,604 new licenses, followed by Deira with 14,022 licenses and Hatta (27), with the top subregions being Alpha Hidi, Burj Khalifa, Alfalar, Port Said and Dubai Investment Park. did. 1, Naif, Al Quoz 3, Trade Center 1, Al Barsha 1, and Jebel Ali Industrial 1.

A total of 261,958 business registration and licensing transactions were completed in the first half of 2022, an increase of 33% compared to the first half of 2021, when the total number of transactions reached 197,052. In addition, the number of renewals in the first half of 2022 reached 92,948, an increase of 22% compared to the first half of 2021, when 75,950 transactions were recorded.

Initial approvals reached 39,303, an increase of 54% compared to the first half of 2021 (25,491), and trade name reservations reached 41,731, an increase of 32% compared to the first half of 2021 (31,693). Commercial permits reached 5,805 in the first half of 2022.

The BRL sector reported that 14,654 instant licenses were issued in the first half of 2022. You have the option to issue an electronic MOA and virtual site for the first year only through an instant license issued within 5 minutes on the invest.dubai.ae platform. , DET aims to promote Dubai’s sustainable economic development and competitiveness.

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