NEW LICENCE ISSUANCE SURGED IN AUGUST 5,885

Number of new licences issued by Dubai Economy last month

A recent report by the Business Registration and Licensing sector of Dubai Economy revealed that the growth in issuance of new licences were 54 per cent compared to the same period in 2020, when 3,829 licences were issued.

The figures reflect the ease of doing business in the emirate, the measures taken to ensure business continuity and further simplify government procedures for businesses, thus reinforcing Dubai’s status as a global hub and the world’s best place to live and work. According to the report, 59 per cent of the new licences issued in August 2021 were professional (3,473), 40 per cent were commercial (2,378) and 1 per cent industrial activities.