Trading and goods-related activities have topped the list of most required business licenses in the UAE since the beginning of 2024.
Adding that the demand for social media commerce licenses is increasing as social media commerce is trending worldwide.
What Are The Most Required Business Licenses in the UAE ?
General trading companies and social media commerce lead the top 10 most licensed activities.
Mentioning that the demand for social media commerce licenses is strong with 402 licenses issued compared to 412 for general trading.
The licenses are concentrated in small and medium-sized enterprises (SMEs).
Particularly in general trade and foreign trade activities.
License applications increased due to the ease and flow of goods, and the ability to reach a wider customer base.
Construction sector licenses are still on demand, with a growing number of contracting companies, recording 365 new licenses.
While E-commerce activities ranked fourth on the list with around 308 licenses.
Important Activities in the Local Market.
Local market activities are the base of many running businesses in the UAE.
Moreover, import companies obtained 282 licenses, while exports recorded 170 licenses in the past two months.
The real estate rental and management services sector registered 198 licenses.
Mentioning that food and beverage ventures continued to regain momentum, with beverage businesses recording around 150 licenses.
The restaurants and light truck general cargo transportation activities were at the end of the list, each received 110 licenses.
Strategic cooperation between the Emirati “Rabdan” and the Saudi “Intra” in the defense and security sectors. Rabdan Academy signed a strategic memorandum of understanding with the Saudi “Intra Defense Technologies” company, which specializes in drone technologies. pic.twitter.com/jVUo8t0Q5N
— UAE Voice (@uae_voiceeng) March 12, 2024
Expectations for The UAE Business Market
The UAE business market appears to be headed towards a future characterized by e-commerce dominance.
In addition to the strong SME presence and the flourishing trade environment.
Alongside the continued growth in construction, real estate, exports, and food and beverage.
Mentioning that social media commerce will stay among the most required business licenses.
Due to the high income of this kind of commerce, especially for handmade businesses.
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