Hi Jose,
thanks for reaching out! Yes, renewing the license will refresh it for another year, based on your original purchase date. That renewal will get you updates to the premium plugins (e.g. The Events Calendar PRO) and access to our support forums here.
Here’s some more details that explain the renewal process, if you’re interested:
https://theeventscalendar.com/knowledgebase/renewing-your-license/
Does this help answer your question? Please let me know. 🙂
Cheers!
Geoff