Dubai issued 72,152 new business licences in 2021, a growth of 69 per cent compared to 2020 when 42,729 licenses were issued, reaffirming Dubai’s position as a global business and investment hub and reinforcing its status as a successful model for the recovery of the business sector.
Of the new business licences issued last year, 59 per cent were professional and 41 per cent were commercial.
Bur Dubai accounted for the largest share (48,562) of new licences issued, followed by Deira (23,513), and Hatta (77), while the top sub-regions were Al Fahidi, Burj Khalifa, Al Marrar, Port Saeed, Trade Centre 1, Naif, Dubai Investment Park 1, Al Barsha 1, Al Quoz 3, and Al Karama.
A total of 430,921 business registration and licensing transactions were completed in 2021, a growth of 24 per cent compared to 2020, when total transactions reached 347,496.
The latest data released by the Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET) underlines the quantum leap Dubai has made in creating a business environment that can accelerate growth and success, attract expertise and investments, and provide an incubator for all types of economic activities.
The marked increase in the number of licences issued also reflects the emirate’s position as a leading hub for start-ups, the positive business climate it has created for the business expansion of Dubai-based regional and international companies and the creation of new investment opportunities in the growing digital economy.
Among the legal forms of the new licences issued, Sole Establishment companies topped the list with 37 per cent, followed by Limited Liability companies with 26 per cent and Civil Companies with 13 per cent. The legal forms also included: One-Person Limited Liability Companies, Branches of companies based in other emirates; Branches of Foreign Companies; Branches of Free Zone Companies; Branches of GCC Companies, General Partnership Companies; Public Shareholding Companies; and Private Joint-Stock Companies.
According to the data, 15,196 Instant Licences were issued in 2021, a growth of 427 per cent compared to 2020, during which 2,884 licences were issued. Through the Instant Licence, which is issued within five minutes on invest.dubai.ae platform with the option to issue an electronic MOA and a virtual site for the first year only, the Department of Economy and Tourism aims to drive the sustainable economic development and competitiveness of Dubai.
