20 May, 2021
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 & Precious Metals within the Dubai Gold & Diamond Park, investors must adhere to the following steps:
By following these steps diligently, investors can obtain the essential license to operate within the Gold & Diamond Park, ensuring compliance with regulatory requirements and facilitating smooth business operations in the gold and precious metals industry.
The Gold and Diamond Park DUBAI provides for all the needs of a business firm. The park has all the benefits like total freedom for foreign ownership, 100% repatriation of capital and profits, no corporate tax or personal income tax, A good location within the heart of DUBAI with easy access to all areas, 24/7 operational freedom, and many others.
The regulatory body of the park provides various licensing options like:
1. Trading License– The owner is authorized to carry out any type of trading activity in the Gold and Diamond Park.
2. Manufacturing License– The owner is allowed to carry out manufacturing activities.
3. Retail License- The owner is allowed to open a retail outlet by leasing the same in the Gold and Diamond Park, DUBAI.
4. Service License- Allows a person to provide professional services in DUBAI Gold and Diamond Park
5. E-Commerce License- Allows the owner to sell any commodities online and provides services online through a website.
6. National Industrial License- Allows the owner to open up an industry anywhere in the free zone.
There is a wide range of services offered by Gold and Diamond Park. Some of them are mentioned as under-
· Manufacturing units are available
· Presentable offices for all types of businesses
· Options for the retail sector as well
· Hallmarking will soon be implemented for all gold manufactured and sold
Starting a new business in the Dubai Gold and Diamond Park (DGDP) entails various types, each with its specific requirements. Here’s a breakdown of the essential documents and steps needed for each business type:
These documents and steps are essential for setting up various types of businesses in the Dubai Gold and Diamond Park.
Are you ready to setup a business in Dubai with RadiantBiz – Business Setup Consultants in UAE? If you want to learn about starting business in UAE, you can contact us by calling +971 50 797 4832 or sending a WhatsApp message to +971 50 777 5554.