In the first half, 96,000 new companies were established in the Emirates, bringing the total to 896,000.

The total number of companies (active licenses) in the United Arab Emirates increased by 12% during the first half of the current year 2024, reaching 896 thousand companies compared to the end of last year 2023 when it was around 800 thousand. Limited liability companies saw a 7.6% increase, with 269,100 companies/licenses accounting for 30% of the total. Sole proprietorships increased by 3% to reach 234,060 active licenses, while one-person companies grew by 21% to reach 120,326 companies.

Local company branches increased by 67% to 10,733 companies, while branches of companies from another emirate grew by 14.7% to reach 8,091 companies. The number of private joint-stock companies increased by 14% to 5,268 companies. Free zone establishments reached 3,455 companies, and the number of local establishments’ branches reached 2,318 licenses. Professional business companies increased by 18 to reach 1,886 companies, while branches of foreign companies reached 1,667 licenses.

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