Gold Trading License in UAE
Dubai is known as the City of Gold, making it one of the best places in the world for gold trading and investment. The UAE’s tax-free policies, strategic location, and state-of-the-art gold refineries attract global investors and traders. You need the right gold trading license to start a gold trading company in Dubai, DMCC, or the Dubai Gold & Diamond Park.
This guide covers everything you need to know about gold trading licenses in Dubai and the UAE, including licensing options, costs, and procedures.
How to Start a Gold Trading Business in Dubai?
To start a gold trading business in Dubai, follow these steps:
- Choose the Right Business Jurisdiction – Dubai offers multiple licensing zones, including Dubai Multi Commodities Centre (DMCC), Dubai Gold & Diamond Park, and Dubai Mainland (DED).
- Select a Business Structure – You can register as a Sole Proprietorship, LLC, or Free Zone Company.
- Apply for a Gold Trading License – Depending on your location, apply for the relevant license from DMCC, DED, or Dubai Gold & Diamond Park.
- Find a Suitable Office or Retail Space – Some free zones require a physical office or showroom for gold trading.
- Obtain Approvals from Authorities – Secure approvals from Dubai Customs, the Dubai Gold & Jewellery Group, and security clearances.
- Open a Business Bank Account – UAE banks offer business accounts for gold traders with special financial services.
Gold Trading License in Dubai DMCC
The Dubai Multi Commodities Centre (DMCC) is the world’s leading hub for gold, diamond, and metal trading. A gold trading license in DMCC allows businesses to import, export, and trade gold both locally and internationally.
How to Start a Gold & Diamond Trading Business in Dubai DMCC?
To establish a gold and diamond trading company in DMCC, follow these steps:
- Choose a Business Type – Decide whether you want to trade gold bars, jewelry, or raw gold.
- Register Your Business in DMCC – Apply via the DMCC online portal.
- Lease Office Space – A flexi-desk or physical office is mandatory for DMCC businesses.
- Obtain Regulatory Approvals – Get approvals from DMCC and Dubai Municipality for compliance.
- Receive Your Gold Trading License – After meeting all requirements, your gold trading license will be issued.
Advantages of Establishing a Gold and Metal Trading Business in DMCC
- 100% Foreign Ownership – No local sponsor is required.
- Tax-Free Operations – No corporate or personal income tax.
- World-Class Infrastructure – Access to Dubai Gold & Commodities Exchange (DGCX).
- Easy Repatriation of Profits – No restrictions on capital repatriation.
Gold Refineries in DMCC
Dubai is home to some of the world’s most advanced gold refineries, including:
- Emirates Gold
- Kaloti Precious Metals
- Al Etihad Gold Refinery
- Gulf Gold Refinery
These refineries offer gold refining, assaying, and vaulting services for international traders.
Dubai Gold & Diamond Park
The Dubai Gold & Diamond Park is a dedicated free zone for gold and diamond trading. It is ideal for jewelers, gold retailers, and diamond merchants.
Steps Involved in Obtaining a Gold Trading License in Dubai from the Gold & Diamond Park
- Choose a Business Type – Select between retail, manufacturing, or wholesale trading.
- Apply for a License – Apply to the Dubai Gold & Diamond Park Authority.
- Lease a Retail or Office Space – A physical location is required within the park.
- Obtain Dubai Municipality Approvals – Compliance approvals for security and safety measures.
Receive Your License – After completing all steps, your gold trading license will be issued.
Documents Required for a Gold Trading License in Gold and Diamond Park
- Passport copies of shareholders
- Business plan
- Lease agreement for office or showroom
- No Objection Certificate (NOC) (if applicable)
Types of Licenses Available in Gold & Diamond Park
- Trading License – For buying and selling gold.
- Manufacturing License – For crafting and refining gold and jewelry.
- Retail License – For gold and diamond shops
Advantages of Setting Up a Gold Trading Business in the Dubai Gold & Diamond Park
- No Corporate Tax – 100% tax-free environment.
- High Demand – Access to local and international markets.
- State-of-the-Art Security – High-level security infrastructure.
- No Import Duties – Duty-free import of gold and raw materials.
Gold Trading License from the Dubai Economic Development (DED)
For those wanting to operate in Dubai Mainland, a gold trading license from Dubai Economic Development (DED) is required.
Steps in Obtaining a Gold Trading License from Dubai Economic Development (DED)
- Choose a Business Structure – Register as an LLC or Sole Establishment.
- Reserve a Trade Name – Choose a unique business name.
- Apply for Initial Approval – Get approval from DED for gold trading activities.
- Lease a Commercial Office or Showroom – A physical space is required in Dubai Mainland.
- Obtain Approvals from Authorities – Secure clearances from Dubai Customs and Dubai Gold & Jewellery Group.
- Receive Your License – Once approved, DED will issue your gold trading license.
Cost of Gold Trading License in Dubai
Dubai is home to some of the world’s most advanced gold refineries, including:
- DMCC Free Zone: AED 20,000 – 30,000
- Dubai Gold & Diamond Park: AED 15,000 – 25,000
- DED Mainland: AED 25,000 – 40,000
Additional costs include:
- Office rent
- Visa fees
- Compliance costs
How to Start Gold Trading Business in Sharjah Airport Free Zone (SAIF Zone)?
The Sharjah Airport Free Zone (SAIF Zone) is an ideal location for gold trading due to low costs and easy licensing.
Steps to Start a Gold Trading Business in SAIF Zone
- Submit an Application – Register your business with SAIF Zone Authority.
- Choose a License Type – Apply for a Gold Trading or Import-Export License.
- Lease an Office or Warehouse – A workspace or storage facility is required.
- Obtain Regulatory Approvals – Secure approvals from SAIF Zone and Sharjah Municipality.
- Receive Your License – Once approved, your gold trading business is ready to operate.
Frequently Asked Questions (FAQs)
Yes, many business setup consultancies in Dubai offer end-to-end services, allowing you to complete the process remotely.
The process typically takes 2-4 weeks, depending on the type of company and approvals required.
The cost varies based on the jurisdiction and business activity. Free zone setups usually start from AED 10,000.
Yes, a Mainland company requires a local sponsor who owns 51% of the business. However, certain professional licenses allow 100% foreign ownership.
Yes, business owners and employees can apply for UAE residence visas after company registration.
Conclusion
Dubai is one of the world’s leading hubs for gold trading, offering business-friendly policies, zero taxes, and world-class infrastructure. Whether you set up in DMCC, Dubai Gold & Diamond Park, DED, or SAIF Zone, getting the right gold trading license is the key to success.
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