The former Amstrad boss announced on Twitter that he will front a ninth and tenth edition of the BBC reality show, before inviting his followers to apply for next year's series.
"I have agreed to do 2 more series of The Apprentice, making it 10 years," he wrote, adding a link to the show's online application process.
The Apprentice's eighth series concluded in June with recruitment manager and professional wrestler Ricky Martin becoming Lord Sugar's business partner and receiving a £250,000 investment.
Nick Holzherr, who finished third in the 2012 contest, went on to secure £170,000 of funding for the food and recipe website that he pitched on the show.
The Apprentice launched in 2005 on BBC Two, offering candidates the chance to land a £100,000-a-year job with Lord Sugar. It was promoted to BBC One for its third series in 2007.
