Hello @Mirko Iodice ,
Thank you for reaching out to the Microsoft Q&A platform. Happy to answer your question. Hourly prices don't include license charges, licensing is user's choice. You can take advantage of unmatched Azure pricing and benefits for Windows Server and SQL Server hosted on Azure VMware Solution including Azure Hybrid Benefits and free Extended Security Updates.
Azure Hybrid Benefit, a pricing program for customers who have licenses with Software Assurance, maximizes the value of your existing on-premises Windows Server and SQL Server license investments when you migrate to Azure. Save up to 40 percent* on Azure Virtual Machines, and up to 55 percent* on Azure SQL Database and SQL Server on Azure Virtual Machines with Azure Hybrid Benefit. Save up to 80 percent* when you combine Azure Hybrid Benefit with Azure Reserved Instances.
Reference: https://azure.microsoft.com/en-us/pricing/details/azure-vmware/
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