The UAE is considering a golden and silver business license that can last up to ten years.
The Economic Integration Committee met, with Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, Abdullah bin Touq Al Marri, the Minister of Economy, and other high-ranking officials present.
Yesterday, the committee deliberated on the issuance of these extended business licenses “at competitive prices” in a manner that augments government earnings, fortifies the continuity of commercial and economic operations inside the nation, and fosters its growth and prosperity.
During the meeting, the committee talked about the 10-year golden and five-year silver company licenses.
Since 2019, the UAE has offered a 10-year residency scheme called Golden Visa for professionals, entrepreneurs, investors, and real estate buyers. The new silver and golden business licenses will increase the nation’s competitiveness and attract more talent and enterprises.
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