Dubai Licenses are on the Rise: Could Now be the Time for Your Business?

Dubai, and the UAE, have proven to be amongst the best in the world at tackling the impact of the recent global pandemic. Their swift and decisive actions were crucial in curbing the spread and mitigated as much of the economic fall out as possible. Now in 2021, that foresight and determination has proved invaluable when it comes to international perceptions of Dubai as a hub for business, startups and investment. For those considering opening up a corporate office or exploring Dubai licenses to launch that new venture, it appears as if this could be the  time.

License Increase

Recent news regarding the increase of licenses being issued is clear evidence of the stability and potential of Dubai for companies. The city’s resilience, reputation for innovation and cutting-edge infrastructure have bolstered its international reputation and ensured it continues to attract new business across multiple sectors. In fact, The Business Registration & Licensing (BRL) sector of Dubai Economy recently reported that the Q1 of 2021 saw a 19% growth in licenses being issued on the same period in 2020. Within the 15,475 licenses, there was an extremely diverse breakdown that further demonstrates the durability of Dubai’s economic approach, they included:

• 58% professional
• 41% commercial activities
• 1% tourism and industrial activities

There was also an 8% growth in business registration and licensing transactions during the first quarter of the year and a 4% growth in license renewals. These types of trends reflect the calibre of Dubai as a business incubator and how the unique initiatives implemented by the Government are drawing in new talents and companies who recognise the value of its location for local and regional growth.

Setting up in Dubai

There is no doubt that Dubai is an excellent choice for those looking to start or grow their business in the right environment. Its modern approach and ambitious outlook are extremely beneficial to the entrepreneurial mindset, not to mention it has an unrivalled geographical reach. However, as is the same in any country, it is also essential to make sure to do things right when setting up a business here. Each Emirate of the UAE has their own rules and regulations, as well as free zone guidelines, so it is vital to understand how to make the right choices for your organisation from the very beginning. At EER our expert corporate services team can talk you through every step of getting your business up and running from where best to position it, which license or licenses are needed, finding office space, coordinating visas and immigration to the surprisingly challenging task of setting up a bank account. We have the experience and knowledge to make sure you meet every requirement and are on time with every deadline, that way you can focus on making your business the best it can be.

If you would like to enquire about how EER can help you with setting up a business, get in touch today on 971 4 4211819 or email us at corporateservices@eerme.com