#licences

Saudi Arabia Riyadh

Saudi Arabia issues highest-ever number of foreign investor licences in a single quarter

It issued 478 licenses in Q1 2021, a 36 per cent increase over the corresponding period last year

Abu Dhabi

Abu Dhabi to allow 100% foreign ownership of professional companies

The new licences will cover 604 activities across many fields including accounting, training and consultancy

Dubai Economy issues 4,796 new licences in February 2021, registers 3.4% y-o-y growth

Bur Dubai accounted for the largest share of the new licences issued in February 2021 in terms of areas

Dubai’s RTA processes over two million drivers’ licencing transactions in 2020

Around 72 per cent of the transactions were processed via smart channels

Dubai Economy renews 33,874 licences through its ‘Auto Renewal’ service

The Business Registration & Licencing (BRL) sector also recorded a 62 per cent increase in auto renewal transactions during the first four months of 2020, compared to the same period in 2019