The Dubai Department of Economic Department issued 1,298 new trade licenses during June 2012, indicating a growing interest in commercial and professional activities among businessmen and investors in Dubai. Commercial licenses accounted for 72 per cent of the total licenses issued, followed by professional 25%, industrial 1% and tourism 2%.
The month of June also saw 4,998 being amended while 7,647 licenses 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 per cent.
The number of reserved trade names reached 5,157 in June, a 13 per cent increase compared to the same month in 2011, and the number of initial approvals reached 2,422, an 11 per cent 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 10 licensed activities 146 licences followed by Dyes & paints 112 licenses; 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 10 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 10 licenses, 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.