The Dubai Department of Economic Department issued 1,298 new trade licences during June 2012, indicating a growing interest in commercial and professional activities among businessmen and investors in Dubai. Commercial licences accounted for 72% of the total licences issued, followed by professional (25%), industrial (1%) and tourism (2%).
The month of June also saw 4,998 being amended while 7,647 licences were renewed. The total number of business registration and licensing (BRL) transactions reached 48,053, compared to 43,631 in June 2011, an increase of 10%
The number of reserved trade names reached 5,157 in June, a 13% increase compared to the same month in 2011, and the number of initial approvals reached 2,422, an 11% increase year on year.
The total number of commercial activities licensed in June 2012 was 3453, with General trade leading the list of the top ten licensed activities (146 licences) followed by Dyes & paints (112 licences); Tiling of floors and walls (102); Readymade garments (101); Perfumes and cosmetics (101); carpentry and flooring (99); sanitary extensions & wares (98); installation of suspended ceilings and light partitions (98); installation of air conditioning systems, ventilation and air purification (95) and textiles and fabrics (83).
The number of professional activities licensed in June 2012 reached 897 with Residences & building cleaning services leading the list of the top ten licensed activities in this category with 60 licences, followed by Restaurants, Sewing, Embroidery, Cafes and Printing.
In the tourism sector, Inbound tourism was the leader with ten licences, followed by hotels, travel agent (7), hotel apartment rentals, and tourism trips.
In the industrial activities category, metal for building construction, and raw plastics led the list of licensed activities with two licenses each, followed by meat products, poultry products, ships, juices, tents and umbrellas, clothes, and schools & hospitals furniture.
Before joining SME Advisor, I worked as a producer/reporter for Forbes Media in New York. I obtained a Bachelor’s degree in Journalism and International Studies at the University of South Florida in the US. I am currently in Dubai working as Sub-Editor for SME Advisor Middle East, which is a business magazine published by CPI. You can follow me on Twitter: @joumanasaad or @SMEadvisorME and (Joumana Saad) or (SME Advisor) on LinkedIn.