A recent report by the Business Registration and Licensing sector at Dubai’s Department of Economy and Tourism revealed that 55,194 new business licences were issued during the first 10 months of 2021, a growth of 69% compared to the same period in 2020, when 32,626 licenses were issued. The positive growth figures underline Dubai’s reputation in providing high-growth opportunities in various economic sectors and the growing confidence in the economy.
The growth in the number of licences issued also reflects the strength of the economy, Dubai’s success in managing the impact of COVID-19, the government’s agility in amending economic policies to drive economic growth, the low cost of doing business, and the easy procedures for starting businesses, all of which contributed to enhancing investor confidence in Dubai’s diversified…