Dubai records 25% growth in new business licences in first half of 2022
The increase is attributed to safety, security, ease of doing business in the emirate
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The increase is attributed to safety, security, ease of doing business in the emirate
The Instant Licences initiative was launched in Dubai in August 2017 to streamline the process for entrepreneurs to set up their businesses.
The Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET) in Dubai reported that 32,564 Instant Licences were issued since the launch of the initiative in August 2017. Out of the total, 59 per cent were Professional
Business registration and licensing transactions grew by 36% during Q1 2022, reflecting Dubai’s growing status as a hub for start-ups and investors worldwide
Dubai issued 72,152 new business licences in 2021, a growth of 69 % compared to 2020 when 42,729 licenses were issued, reaffirming Dubai’s position as a global business and investment hub, a report said.