During the pandemic in 2020, the government has carefully planned and ensured prompt action to stabilize and improve economic growth by enhancing the business environment in UAE.

Business licenses

It seems from a report published by the Business Registration and Licensing of Dubai Economy there has been a huge increase in the number of new business licenses issued in the first 6-months period of 2021, 77% more compared to the same period in 2020.

The data shows the economy is rebounding and starting to perform well given that new investors have already started to implement their business due to recent government measures aiming at reinforcing investors confidence such as the recent amendment to grant full business ownership in mainland and by easing government fees.

This shows once again that UAE is able to withstand difficult moments and challenges by maintaining an healthy growth rate through a diversified business environment with many ongoing initiatives from foreign investors to encourage doing business in UAE.

These facts are inevitably strengthening various sectors and they are accelerating the digital transformation process to promote UAE and especially Dubai as one of the best city to live and a major global destination to do business given its rise in popularity.

 

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