TME LEGAL | DUBAI – RECHT KLAR

UAE: Plans for a 10-Year Golden Business License

UAE: Plans for a 10-Year Golden Business License

The United Arab Emirates (UAE) is known for its innovative economic policies. Traditionally, businesses operating in the UAE were confined to one-year licenses, which could complicate long-term planning for investors and entrepreneurs. In a move to enhance long-term commitment and economic stability, the UAE has proposed a significant shift towards longer licensing periods.


During the first 2024 Economic Integration Committee meeting, an exciting development was discussed: the introduction of 10-year „golden“ licenses and 5-year „silver“ licenses. This initiative aims to give businesses more room to grow and plan for the future without the hassle of annual renewals.


These new licenses are attractively priced and designed to boost government revenues and stimulate business activities across the Emirates. This strategy aligns with the UAE’s ambitious „We are the UAE 2031“ vision, which aims to foster substantial economic growth and development.


The discussions emphasized the UAE’s effort to work more closely with businesses and stakeholders across the region. The proposed extended licenses are a clear signal of the UAE’s intent to create a supportive environment for business, appealing to a global audience of investors and business leaders.


The move towards long-term business licenses is proof of the UAE’s commitment to staying ahead in economic innovation. By offering more stability and predictability, these licenses make the UAE an even more attractive destination for investment.

Share:

More Posts

Saudi Arabia Introduces New UBO Rules

Starting from 3 April 2025, Saudi Arabia will enforce new Ultimate Beneficial Ownership (UBO) regulations aimed at increasing corporate transparency and aligning with international anti-money laundering standards. These reforms represent a significant milestone in the Kingdom’s commitment to combat financial crime and foster investor confidence. Companies operating in Saudi Arabia must prepare now to comply with these comprehensive new requirements.

FTA waives Penalties for late Corporate Tax Registration

The FTA, in collaboration with the Ministry of Finance, has initiated a temporary waiver of these penalties. This initiative encourages voluntary compliance and provides a grace period for entities to fulfill their tax obligations without incurring fines.