Dubai DED issues 2,805 new licenses in April 2019

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.
The new licenses created 8,375 jobs in the labor 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 per cent compared to April 2018.
The report showed that License Renewal accounted for 13,140 transactions during April 2019, a growth of 3.8 per cent compared to April 2018, 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.
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, while the number of Initial Approvals reached 3,664. BRL also issued 185 instant licenses, a growth of 112.6 per cent compared to the same period in 2018. 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.
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 also highlighted the distribution of the new licenses during April 2019 according to the main areas in Dubai, with Deira accounting for the largest share, followed by Bur Dubai, and Hatta. Trade & repair services accounted for 34 per cent of the new licenses issued in April 2019 according to the distribution of economic activities, followed by Real estate, leasing & business services at 27.8 per cent, Community & personal services at 11.6 per cent, Building & Construction at 11.2 per cent, Transport, storage & communications at 4.6 per cent, Hotels group at 4.3 per cent, Manufacturing at 2.4 per cent, Financial brokerage at 1.4 per cent, Health & labour at 1.2 per cent, Education at one per cent, and Agriculture at 0.5 per cent.
- business@khaleejtimes.com