DED issues 1,342 licences in March
The Dubai Department of Economic Development (DED) issued 1,342 licences in March 2008. The majority of these were issued in the commercial sector (1,095), followed by the professional sector (205), industrial (23) and tourism (19), according to a comprehensive report prepared by the Economic Affairs Division at the DED.
‘General trade’ led the list of the top 10 licensed activities with (151) licences issued, followed by ‘real estate brokerage’ (114), ‘paints and dyes’ (102), ‘floor and wall tiling’ (97), ‘carpenting and floor installation’ (96) and ‘watches and accessories’ (95).
‘Limited liability companies’ (LLCs) topped the list of issued licences according to legal status with 741 licences issued in March, followed by ‘Individual Corporations’ with 524. The total number of transactions during March 2008 reached 33,290. ‘Licence renewal’ topped the list of transactions with 7,265 (22 per cent) followed by ‘Licences amendment’ with 5,340 (16 per cent) and ‘Trade name’ with 4,719 (14 per cent).
The Intlaq scheme, an initiative by the Department of Economic Development to encourage more UAE nationals to set up businesses from home, received strong response with 68 licences issued in March 2008, a 94 per cent increase from March 2007. The scheme’s highest growth was recorded in the trade category, with 52 licenses issued.
In March, DED issued 18 new licences to branches of foreign firms from China, South Korea, Japan, The British Virgin Islands and elsewhere.
The Department of Economic Development (DED) was established in March 1992.
Source
‘General trade’ led the list of the top 10 licensed activities with (151) licences issued, followed by ‘real estate brokerage’ (114), ‘paints and dyes’ (102), ‘floor and wall tiling’ (97), ‘carpenting and floor installation’ (96) and ‘watches and accessories’ (95).
‘Limited liability companies’ (LLCs) topped the list of issued licences according to legal status with 741 licences issued in March, followed by ‘Individual Corporations’ with 524. The total number of transactions during March 2008 reached 33,290. ‘Licence renewal’ topped the list of transactions with 7,265 (22 per cent) followed by ‘Licences amendment’ with 5,340 (16 per cent) and ‘Trade name’ with 4,719 (14 per cent).
The Intlaq scheme, an initiative by the Department of Economic Development to encourage more UAE nationals to set up businesses from home, received strong response with 68 licences issued in March 2008, a 94 per cent increase from March 2007. The scheme’s highest growth was recorded in the trade category, with 52 licenses issued.
In March, DED issued 18 new licences to branches of foreign firms from China, South Korea, Japan, The British Virgin Islands and elsewhere.
The Department of Economic Development (DED) was established in March 1992.
Source
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