Gold Trade License In Dubai

Gold Trade License In Dubai : The United Arab Emirates is the perfect spot for trade. It has direct links across the world and a global position where East can meet West, making it one of the better places to start the trading business.

Trading flourishes in the UAE, right from spices and electronics to car parts and textiles. But one commodity trades all over the world that outshines the rest, and that is gold.

Similar to burgeoning markets, the United Arab Emirates is the home for a quick and straightforward incorporation process that has the right guidance to do your trade within a few days.

Starting A Gold Business In Dubai

If you’re starting a gold business in the UAE or Dubai, there are various options available. You have to plan for the setup you like to run. It can be a mainland business or a free zone company.

Many of the free zones in the UAE permit gold trading. But none are better suited than Dubai Gold and Diamond Park. This free zone features warehouses, manufacturing blocks, and a large retail centre where traders can sell their wares to the public.

If you don’t like to directly sell to the public but wish to export or import the gold from the UAE, you can choose another zone. One that is outside of Dubai to keep your costs down.

In the UAE free zone, you can benefit from a simple incorporation process, financial incentives, and ongoing business support like tax exemptions and zero currency restrictions.

You’re free to repatriate capital with profit back to the country of origin. You have the option of setting up shop on the UAE mainland.

The main benefit is selling gold to the United Arab Emirates’ popular gold souks. If you don’t intend to sell to the public, a free zone can be the perfect option for business.

Get A Gold Trading License (Dubai)

Before you apply for the gold trading license in the UAE or Dubai, you must engage with the company setup expert to get the right knowledge about it. The company’s setup expert manages the complete process on your behalf.

Fix a Company Name

This can be an important step to starting a business in the United Arab Emirates. It has something to consider while making this decision. You must follow a strict rule if choosing a set of naming conventions. Then a company-setup expert can guide you in this step.

You must refrain from using blasphemous language. Ignore using the names of well-known organisations and abbreviations when naming your company yourself. For instance, Dave Mann Consulting, not D Mann Consultancy. Also check if your chosen name is available to register.

License Application

Second important step is your license application. When you decide to set up on the mainland, make it a direct application to the DED or to another emirate.

When you’re setting up in the free zone, make a direct application to the managing authority of your relevant free zone.

Free zone licenses can be issued within a few days. For a smooth process, you must instruct the company formation specialist.

If you are doing the application by yourself or through the company formation agent, you need to provide some basic documents.

• Passport copy of the owner
• Completed application form
• Coloured passport-size photos (2)

Visa Application

Similar to the trade license application, there is a process to apply for your own visa and those of your employees. An expert from the UAE company formation process will guide you at this step.

When you have a UAE business license, you can sponsor other visas too. It can be a parent, child, spouse, or domestic worker, just like a housekeeper.

The total number of visas you can apply for will depend on the company’s size, setup, dependent visa, or personal earnings.

Cost Of The United Arab Emirates Or Dubai Gold Trading License

The overall cost to set up a gold trading business in the UAE and Dubai can depend on your business size and location.

Fujairah Creative City is the best example when looking for a ballpark figure. The trading license for one visa costs AED 22,000 Also, add the on-site coworking facility along with the package, which costs around AED 25,000.

Start A Gold Business – Dubai

When armed with knowledge, it’s simple to get a gold trading license in Dubai.

It needs the level of previous experience. It’s essential to note that the application process is free of errors and complete at the time of submission.

It’s a better idea to work with company formation specialists like BIZ (Business Incorporation Zone) if you’re establishing the new company in the United Arab Emirates.

We’re the leading team of company registration professionals who can bring the dreams of entrepreneurs and SMEs to life.

Besides handling your license application, BIZ can guide you to open a corporate bank account and advise the financial institution to suit your needs.

We provide visa and immigration services to handle your work permits, government formalities, visa application, and permissions needed to trade in the United Arab Emirates.

Our experts can set up the company for you, handle visa and license applications, and handle all of the other processes required to run the business properly.