Al Warqa has 1,645 operating companies to date, says Dubai Economy

Al Warqa has 1,645 operating companies to date, says Dubai Economy

A recent report by the Business Registration & Licensing (BRL) sector of Dubai Economy shows that the number of operating businesses in Al Warqa has reached 1,645 to date. Of these, 54 per cent licences are Commercial, followed by Professional (44 per cent) and the rest related to Tourism and Industry.

The report presents the volume of commercial activities in Al Warqa, providing the business community an overview of the opportunities available in the area.

In terms of legal forms of the active licences in Al Warqa, Sole Establishment ranked first at 70 per cent, followed by Limited Liability Company (LLC) (21 per cent), and Civil Company (4 per cent). The legal forms also include One-Person Limited Liability Companies, Branches of Companies based in other Emirates, Branches of GCC Companies, Branches of Free Zone Companies, General Partnership, Public Shareholding Companies, and Limited Partnership.

The top activities for the companies operating in the area include: Restaurants, Perfumes and cosmetics; Readymade garments, Preparation of snacks; Gifts, Fashion and clothing design, Coffee shops, Handbags and leather products, Jewellery trade in non-precious metals, and Indoor decoration plants.

The report showed that 497 licences were issued in Al Warqa during 2020, a growth of 111% compared to 235 licenses issued during 2019.

Al Warqa is an emerging and rapidly developing area situated around 25 kilometres east of Dubai Creek. It is an established residential community located on southern outskirts of Dubai. Dubai International Airport is a 15-minute drive, and Dubailand only 30 minutes away. Al Warqa is home to Dubai Safari Park, one of the largest safari parks in the UAE.

Dubai Economy’s strategy focuses on enhancing ease of doing business as well as driving the overall competitiveness and sustainable growth of Dubai. The BRL sector offers several initiatives such as ease of start-up procedures, business registration, adoption of new e-services, and value-added services for licensed business owners.

‘Invest in Dubai,’ a unified digital platform, offers the most competitive means to launching a business in Dubai. ‘Invest in Dubai’ simplifies your business journey and allows to complete services and transactions without the need to visit service centres. To start your business today, visit invest.dubai.ae or call us on 600 500 006.

News Source: https://mediaoffice.ae/en/news/2021/March/28-03/Al-Warqa-has-1645-operating-companies-to-date-says-Dubai-Economy

- Advertisement -
Dark Light