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'General trade' led the list of the top 10 licensed activities with (151) licences issued, followed by 'real estate brokerage' (114), 'paints and dyes' (102), 'floor and wall tiling' (97), 'carpenting and floor installation' (96) and 'watches and accessories' (95).
'Limited liability companies' (LLCs) topped the list of issued licences according to legal status with 741 licences issued in March, followed by 'Individual Corporations' with 524. The total number of transactions during March 2008 reached 33,290. 'Licence renewal' topped the list of transactions with 7,265 (22%) followed by 'Licences amendment' with 5,340 (16%) and 'Trade name' with 4,719 (14%).
The Intlaq scheme, an initiative by the Department of Economic Development to encourage more UAE nationals to set up businesses from home, received strong response with 68 licences issued in March 2008, a 94% increase from March 2007. The scheme's highest growth was recorded in the trade category, with 52 licenses issued.
In March, DED issued 18 new licences to branches of foreign firms from China, South Korea, Japan, The British Virgin Islands and elsewhere.
DED issues 1,342 licences in March 2008
The Dubai Department of Economic Development (DED) issued 1,342 licences in March 2008, the majority of these issued in the commercial sector (1,095), followed by the professional sector (205), industrial (23) and tourism (19), according to a comprehensive report prepared by the Economic Affairs Division at the DED.
- United Arab Emirates: Sunday, April 20 - 2008 at 11:59
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About Department of Economic Development (DED)The Department of Economic Development (DED) was established in March 1992, with the objective to organise, regulate and boost trade and industry within the Emirate of Dubai. The DED has moulded its mission of building a futuristic establishment, in accordance with the vision of the Government of Dubai and in the light of globalisation and the requirements of a digital economy. One of its key functions is to encourage local and foreign investments in commercial and industrial projects, and create the appropriate environment for investors.
The DED's other functions comprise a wide range of regulatory activities including the preparation and maintenance of a commercial register and the supervision of all organisations. The DED is responsible for regulating the affairs of commercial agents and brokers and commercial advertising offices, in addition to overseeing and controlling the insurance industry in the Emirate. Examining the participation of the government in the private sector and representing the government in companies where it has a stake, also comes under the purview of the DED.
For further information, please contact:
Nedal Alasaad/Nafisa Marzouki
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
P O Box 28063, Dubai, UAE
Tel: (971 4) 3344550
Posted by Medilyn Manibo, Assistant News EditorSunday, April 20 - 2008 at 11:59 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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