Dubai business licence issuance crosses 14,300 in one month
DUBAI, April 14, 2020
The Business Registration and Licencing (BRL) sector at Dubai Economy achieved record results in implementing remote working and activating smart and electronic channels, as the total number of commercial registration and licencing transactions from March 22 to April 13 this year reached 14,366, said a report.
Of these, 66 per cent were electronic transactions and 34 per cent were through the outsource service centres that provide Dubai Economy services remotely, news agency WAM reported.
The report showed that licence renewal transactions accounted for 74 per cent of the total, followed by the Modify Licence transactions at seven. Total licence renewal transactions reached 10,653, while total licence modified transactions numbered 1,047.
Licence renewal transactions through smart and electronic channels accounted for 86 per cent compared to 14 per cent conducted via outsourced service centres remotely, and transactions related to Auto Renewal via text messages accounted for 74 per cent of the total renewed transactions.
The report also showed that 473 new licenses were issued from March 22 to April 13, while Trade Name Reservation accounted for 893 transactions, and the number of Initial Approvals reached 751.
According to the distribution of economic activities, "Project management services" accounted for 10 per cent of the total, followed by "Disinfection and sterilisation services" at 3 per cent.
The top nationalities that secured licences during the period were France, Britain, Germany, Malta, China, Egypt, Jordan, India, Bangladesh, and Pakistan.
To ensure the safety of customers and help them save time and efforts during transactions, the Business Registration & Licencing sector provides services such as Auto-Renewal, Instant Licence, DED Trader and others through the DED Business Application, and the website, ded.ae. - TradeArabia News Service
