6,464 licences auto renewed in January 2021, says Dubai Economy

Dubai has initiated another move to ease doing of business by reducing customers’ journey from seven steps to one step only for renewal of licences in the emirate.

A report by the Business Registration and Licensing (BRL) sector of Dubai Economy showed that 6,464 licences were auto renewed during January 2021. Among the auto renewed licences issued, 77 per cent were commercial, 21 per cent professional, and the rest among tourism and industrial activities.

According to the main areas, Deira accounted for the largest share (3,417) of auto renewed licences followed by Bur Dubai (3028), and Hatta (19). The top sub-regions were: Burj Khalifa, Naif, Port Saeed, Al Marar, Trade Centre 1, Al Garhoud, Al Khabaisi, Rigga Al Buteen, Eyal Nasser and Hor Al Anz East.

In terms of legal forms of the auto renewed licences issued in January 2021, Limited Liability companies accounted for 67 per cent of the total, followed by Sole Establishments at 21 per cent and Civil Works companies at seven per cent. The rest of the legal forms included; One-Person Limited Liability Companies; Branches of companies based in other Emirates; Branches of Free Zone Companies; Branches of Foreign Companies; Branches of Gulf Companies; General Partnership; Public Shareholding Companies; Private Joint-Stock Companies, and Government Liaison Office.

The figures underline the positive impact of the economic stimulus package launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, which allows commercial licences to be renewed without lease contracts.

— muzaffarrizvi@khaleejtimes.com