The UAE is considering issuing golden business licenses valid for 10 years

The UAE is considering issuing golden business licenses valid for 10 years

The Economic Integration Committee held its second meeting for the year 2024, chaired by His Excellency Abdullah bin Touq Al Marri, Minister of Economy, and attended by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and representatives of local economic development departments in all Emirates of the country.
The committee discussed a proposal to issue new regulations for commercial licenses in the country, including a silver commercial license valid for 5 years, and a golden commercial license valid for 10 years, at competitive prices, to contribute to increasing government revenues, enhancing the continuity of businesses and economic activities in the country, assisting in its growth and prosperity, and aligning with the vision of "We Are the UAE 2031" to become the most pioneering and superior system in the country. The committee also discussed the progress made in implementing the outcomes of the first meeting for the year 2024, which was held in February of last year.
His Excellency Abdullah bin Touq emphasized that thanks to the wise leadership's directives, the UAE has adopted flexible and competitive economic policies and legislations, contributing to creating a competitive environment for practicing and establishing businesses and economic activities in the