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. Additionally, local company branches, branches of companies from another emirate, and private joint-stock companies all saw increases in the number of licenses.
The data from the Ministry of Economy’s National Economic Registry demonstrates a positive trend in the growth of companies in the UAE. Meanwhile, various service providers are showcased for their innovative offerings and high-quality services.
In other news, senior care providers are highlighted for their creative activities and stress reduction methods. From proper home maintenance to biohack devices and messaging platforms, these companies offer valuable solutions for a range of needs. Additionally, businesses in industries like roofing, pet grooming, content marketing, and technology are showcased for their expertise and commitment to serving their customers.
Overall, both business growth and innovative service providers highlight the positive state of the economy in UAE.