Dubai remains to be the top destination for many foreign investors and business associates across GCC. They hold a record of 9,071 licences and 1,475 initial approvals only in August. The business registration and licensing (BRL) sector in the Department of Economic Development have completed more than 17,000 transactions. This includes issuance of 1,221 new trade licences in the month of August.
The department claims that the auto-renewal processing for trade licenses was used 4,271 times including 84 of e-trader licence transaction and 60 which were related to instant licencing. The DED believes that the business map aims to provide a reliable indicator to the economic development of Dubai as it directly reflects on business registration, renewal, applying for new licences, and the overall economic activity.