More than 1.5 million trade licenses issued in the UAE

More than 1.5 million trade licenses issued in the UAE - Makebiz

A stable economy and ample business opportunities attract entrepreneurs and investors to the United Arab Emirates. With government support for startups and a simplified process for registering and opening company branches, the region is an excellent place to start international operations and expand business.

An important step in the legal registration of businesses in Dubai is obtaining a license, which allows the company to conduct the chosen activities. One of the popular licenses is a trade license. This is evidenced by the information announced at the Economic Integration Committee meeting about the number of registered licenses in the UAE. The impressive result of 1.5 million trade licenses confirms the choice of the right strategy of the Ministry of Economy of the country in the field of creating decent conditions for doing business. Steps to improve the region’s business climate included ensuring a minimal tax burden, supporting innovative solutions and startups, establishing an advanced legal framework, implementing AML policies to combat money laundering and more. 

The Economic Integration Committee announced plans to maintain the current strategy and expand initiatives to support local manufacturers and brands to enhance the UAE’s global reputation.

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