UAE 10-year ‘Golden’ trade license: Will this be another game-changing reform for businesses?

By Staff Reporter

Dubai: While multi-year business licences are already offered by some free zones and emirates, any move by the UAE to raise that to 5- or 10-year stretches would take the corporate landscape to a whole new level altogether.

Currently, 2- or 3-year licences are issued on a case-by-case basis, typically tied to whether the business has an extended rental agreement in place as well. “Leading UAE free zones have allowed taking out extended licenses for up to 3 years in such cases as part of special promotions,” said Atik Munshi, Managing Partner at the consultancy Finexpertiza UAE.