Simple Steps to Start Business in Dubai Gold and Diamond Park

Diamond, and other precious stone traders to set up facilities and open office and retail stores to have a physical presence in the UAE. The Dubai Gold & Diamond Park is in the list of every tourist must-visit places in Dubai to buy gold. It houses a wide range of retail stores trading various metals, gold, diamonds, and other precious stones. Also, there is an extensive workshop and manufacturing facility to fulfill the requirements of the jewelers and meet customer demand effectively. The Gold and Diamond Park consists of an enclosed air-conditioned ground floor retail facility housing 37 retail shops that have all been leased out.

Gold and Diamond Park is a free zone in DUBAI city that was founded in 2011. It is located on Sheikh Zayed Road. DUBAI Gold and Diamond Park is one of the popular tourist spots. Gold and Diamond Park has a collection of jewelry, precious stones, gemstones, gold, silver, platinum, and many other accessories & ornaments. It was built to provide a set of all the precious jewels in the world in a single room.

It is an Exclusive and luxurious place that provides all the necessary requirements for a business enterprise, especially in the jewelry and gemstones sector.

To secure the necessary license for engaging in manufacturing, retail, eCommerce, professional services, or trading activities in gold and precious metals within the Dubai Gold & Diamond Park, investors must follow these steps:

Steps to Obtain a Gold Trading License

1. Obtain a Contract Agreement

Start the process by acquiring a Contract Agreement directly from the Gold & Diamond Park.

2. Pay the Required Fees

Complete the necessary fee payment for leasing a physical unit, whether it’s an office space or a retail store.

3. Apply for the Gold Trading License

Once the lease agreement is obtained, proceed with the Gold Trading License application from the Jebel Ali Free Zone (JAFZA), which is the governing authority responsible for issuing licenses for the Dubai Gold & Diamond Park.

By following these steps, investors can legally operate within the Gold & Diamond Park, ensuring compliance with regulatory requirements and facilitating smooth business operations in the gold and precious metals industry.

Advantages of Business Setup in Dubai – Gold & Diamond Park

The Gold & Diamond Park offers numerous benefits to business owners, including:

✅ 100% Foreign Ownership
✅ Full Repatriation of Capital & Profits
✅ No Corporate or Personal Income Tax
✅ Prime Location in the Heart of Dubai
✅ 24/7 Operational Freedom

Types of Licenses in the Gold & Diamond Park

The Gold & Diamond Park offers various licensing options based on business activities:

1. Trading License

Allows the owner to conduct trading activities within the Gold & Diamond Park.

2. Manufacturing License

Authorizes the owner to engage in gold and jewelry manufacturing activities.

3. Retail License

Permits the owner to open a retail outlet by leasing space in the Gold & Diamond Park.

4. Service License

Allows individuals and companies to provide professional services in the Gold & Diamond Park.

5. E-Commerce License

Grants permission to sell commodities and services online via a website.

6. National Industrial License

Allows the owner to establish an industrial unit within the free zone.

Services Offered by Dubai Gold & Diamond Park

Dubai’s Gold & Diamond Park provides a wide range of services, including:

✔ Fully Equipped Manufacturing Units
✔ Premium Office Spaces for Businesses
✔ Retail Sector Leasing Options
✔ Upcoming Hallmarking for Gold Manufactured & Sold

Documents Required to Start a Business in Gold & Diamond Park

1. Free Zone Establishment (FZE) – Non-Corporate Applicant

• Trade name registration & initial approval
• Passport copy of owner/applicant & manager
• Completed Personal Information Sheet
• Leased business/office space
• Notarized Power of Attorney for a local agent
• Capital requirement: AED 100,000
• License fee: AED 5,500
• Registration fee: AED 10,000

2. Free Zone Establishment (FZE) – Corporate Applicant

• Same steps as above
• Additional documents: Memorandum of Association, Articles of Association, and other corporate documents
• Capital requirement: AED 100,000
• License fee: AED 5,500
• Registration fee: AED 10,000

3. Free Zone Company (FZCO)

• Same procedures as FZE
• Capital requirement: AED 50,000 per shareholder
• License fee: AED 5,500
• Registration fee: AED 15,000

4. Branch of a Foreign Company – Individual Applicant

• Trade name registration & initial approval
• Passport copies & CVs of shareholder/applicant & manager
• Leased business/office space
• Capital requirement: None
• License fee: AED 5,500
• Registration fee: AED 5,000

5. Branch of a Foreign Company – Corporate Applicant

• Same steps as above
• Additional corporate documents of the parent company
• Capital requirement: None
• License fee: AED 5,500
• Registration fee: AED 5,000

6. Branch Office of an Existing UAE Company

• Passport copies & CVs of shareholders & manager
• Trade name registration & initial approval
• Corporate documents of the parent company
• Leased business/office space
• Notarized Power of Attorney for a local agent
• Capital requirement: None
• License fee: AED 5,500
• Registration fee: AED 5,000

Start Your Business in Dubai with RadiantBiz

Are you ready to set up a business in Dubai Gold & Diamond Park? RadiantBiz can assist you with the entire business setup process.

📞 Call us at: +971 50 797 4832
💬 WhatsApp us at: +971 50 777 5554

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