The UAE issued 6,538 new economic licenses during the month of November 2020, bringing the total number of licenses in the country to 696,700.
According to the Emirates News Agency, figures show that 71% of the total economic activity licenses are registered in the UAE, Dubai and Abu Dhabi, with a value of 338,000 licenses and 158,000 licenses respectively until the end of the month November 2020, and the rest of the percentage is distributed to the other emirates of the country.
It is evident from the numbers that the establishments - the companies with limited liability are still in the first place, as they hold nearly 39% of the total number of economic activity licenses registered in the UAE Then comes the licenses of the sole proprietorship and the one-person company, and then comes the other categories of corporate licenses in terms of legal form.
The package of incentives launched by the federal government and local governments has contributed in recent months to increasing the number of economic activity licenses issued in the country, noting that the number is expected to increase during the coming period, especially With the return of activity to most sectors.
