Increasing Business Set Up In UAE
32104 03/08/2015 Business 174 /DED sees 13% increase in licenses during March 2014
According to the article from Emirates247, The Department of Economic Development (DED) witnessed a 13 per cent increase in licenses issued in March 2014 compared to the same month of 2013 as economic activity in Dubai remained on an upward curve.
While 1,623 licenses were issued in March 2013, 1,834 were issued in March 2014 reflecting increasing investor confidence in Dubai.
The commercial sector saw a 75 per cent increase in the number of licenses, the highest among all sectors in March 2014, while the professional sector accounted for a 23 per cent rise, followed by the tourism and industrial sectors by one per cent each.
The total number of licenses amended in March 2014 was 7,104, while the total number of renewed licenses reached 9,244, and the total number of business registration and licensing (BRL) transactions reached 48,422.
The number of reserved trade names in March 2014 reached 7,602, up 22 per cent from March 2013 (6,235), and the number of initial approvals increased 20 per cent to 3,375 from 2,816.
The following are the number of commercial activities licensed in March 2014.
The total license issued was 4,907
1. General trading - 231
2. Dyes & paints - 206
3. Tiling of floors and walls -201
4. Carpentry and flooring - 200
5. Installation of suspended ceilings and light cut-outs - 194
6. Sanitary extensions & wares - 188
7. Installation of air conditioning systems, ventilation and air purification - 188
8. Installation and maintenance of Electronic and Mechanical equipment - 158
9. Installation of wallpaper - 145
10. Plaster works - 136
The following are the number of professional activities license issued in March 2014.
1. Cleaning services for buildings and residences - 88
2. Special-purpose facility - 58
3. Restaurants - 39
4. Business services - 37
5. Printing and copying services - 27
6. Electrical repair and extensions - 26
7. Parties and entertainment - 26
8. wedding planning - 24
9. Organization and management of exhibitions - 21
10. Cafes - 18
The following are from the tourism sector,
1. Inbound tourism - 12
2. Travel and tourism agent -5
3. Leasing of hotel apartments -2
4. Hotel management - 1
The following are from the Industrial activities segment,
1. Blacksmith and welding workshop led the list with four licenses,
2. Turning workshop - 3
3. Kitchen furniture and fitting - 3
4. Office furniture - 3
5. Roasting and packaging coffee - 2
6. Wooden interior design supplies - 2
7. Home furniture - 2
8. School - 2
9. Hospitals furniture - 2
10. General shops - 2
Thus this proves that, the number of new Business set up in Dubai is increasing each year. Entrepreneurs those who are looking to establish their business, this is the perfect and suitable time to set up Business in Dubai. Dubai market is competitive and profitable
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