During the first half of 2024, the total number of active licenses for companies in the United Arab Emirates increased by 12%, with a total of 896 thousand companies compared to about 800 thousand at the end of 2023. Limited liability companies saw a 7.6% jump, reaching 269,100 companies, while sole proprietorships increased by 3% to 234,060 active licenses. One-person companies also experienced a significant growth of 21%, reaching 120,326 companies.
The data from the Ministry of Economy’s National Economic Registry demonstrates a positive trend in the growth of companies in the UAE. Local company branches, branches of companies from another emirate, and private joint-stock companies all saw increases in the number of licenses. The number of free zone establishments reached 3,455 companies, while local establishments’ branches reached 2,318 licenses. Professional business companies and branches of foreign companies also saw increases in the number of licenses. Public joint stock company licenses increased by 4 companies, reaching 670.
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