I purchased the EssentialPIM Pro and I would like to know whether after one year, will I have to buy a new license?

It depends on license type you've purchased. We have two license types - standard one year license and the lifetime license.
First one allows upgrading for a year after purchase and use the latest available version for a lifetime. Second one allows upgrading to all EPIM version we ever release.
Once one year license expires, you can renew your license to one more year or upgrade to a lifetime.
Both upgrades costs 50% of full license price and available from our ordering page - http://www.essentialpim.com/buy

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