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Home Gulf News

UAE Considers 5-Year and 10-Year Trading Licenses.

March 28, 2024
in Gulf News, UAE
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UAE mulls 10-year Golden and 5-year Silver licences for trad

The UAE Economic Integration Committee met on Wednesday for the second time in 2024, with Minister of Economy Abdullah Bin Touq Al Marri as chairman.

Dr. Thani Bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, attended the meeting along with officials from the departments of local economic development in each of the United Arab Emirates’ emirates.

Competitive pricing will be offered for these licenses. The idea seeks to support national economic growth, maintain business continuity, and raise government revenue.

The committee also looked at how far along the recommendations from its February 2024 inaugural meeting were being implemented.

Abdullah Bin Touq, for his part, said that the UAE, under the direction of the wise leadership, has enacted competitive and adaptable economic policies and laws. This has made conducting and building economic and corporate activity in the nation’s markets more competitive.

Furthermore, it has given businesspeople, investors, entrepreneurs, and venture capitalists from all over the world a variety of chances and enablers.

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UAE is in Negotiations to Offer "Competitive Prices" for a 10-year Golden Business License.

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The Emirates Times

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The Emirates Times is an English Language Internet media with a significant focus on business, technology, news, entrepreneurship, leadership, innovation, prominent business personalities, and many more, majorly in the GCC region. Further, the company publishes interviews, news, business content, press releases, etc. This platform also publishes about real estate, sports, metaverse, business ideas, and more.
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