Trade licence issuance up 27%
4,343 documents issued during first quarter of year, department says
Dubai The number of trade licences issued by the Department of Economic Development (DED) during the first three months of 2012 was 4,343, an increase of 27 per cent over the same period in 2011, a statement said.
The total number of licences renewed was 25,382, a three per cent decrease from the same period in 2011, while amended licences showed a 21 per cent increase.
The total number of BRL (Business Registration and Licensing) transactions reached 144,840, compared with 124,037 during the same period in 2011, a 17 per cent increase.
Tourism
The tourism sector accounted for the highest increase in the number of licences (213 per cent) followed by the industrial (71 per cent), commercial and professional (26 per cent each) sectors, compared with the first quarter of 2011.
Commercial licences accounted for 74 per cent of the licences issued in the first quarter of 2012, followed by professional (23 per cent), industrial (two per cent) and tourism (one per cent) licences.
The figures demonstrate a higher level of interest in commercial and professional activities among businessmen and investors in Dubai.
The number of trade names reserved during the first three months of this year was 17,565.
