Why set up a Gold Trading company in Dubai?
Dubai is one of the world’s leading gold trading hubs, making it an ideal location for entrepreneurs looking to establish a gold trading business. With its strategic location, tax-friendly policies, and well-developed infrastructure, Dubai provides a strong foundation for success in the gold industry.
Advantages of setting up a Gold Trading company in Dubai
1. Strategic global trading hub
Dubai is known as the ‘City Of Gold’ and serves as a major connection point between gold-producing countries in africa and consumer markets in asia and europe. This prime location offers excellent business opportunities for gold traders.
2. 100% business ownership
Foreign investors can fully own their gold trading company whether it’s in mainland or in a free zone, allowing complete control over operations and profits.
3. Tax benefits
Dubai offers lucrative tax incentives, especially in its free zones, where businesses like gold trading can benefit from exemptions on both corporate and income taxes.
4. Robust infrastructure & secure trading environment
Dubai has world-class trading platforms such as the Dubai Gold & Commodities Exchange (DGCX) and the Dubai Multi Commodities Centre (DMCC). It also has top-tier security and government regulations ensuring safe transactions.
5. Growing demand for gold
Dubai attracts global investors, tourists, and residents who consider gold a secure investment. The demand for physical gold (bullion, coins, and jewelry) remains high, supporting a thriving market.
6. Easy company setup process
Dubai offers a straightforward and fast company registration process with Dubai Mainland , Gold And Diamond Park and dedicated free zones such as DMCC tailored for gold trading businesses.
7. Repatriation of profits
Dubai allows full repatriation of profits and capital, making it a highly attractive destination for foreign investors.
What are the types of gold trading activities?
Jewellery trading
Includes reselling adornment jewellery such as brooches, earnings, necklaces, bracelets, rings, which are made of gold, platinum, palladium, titanium, silver and gemstones.
Diamonds, pearls, & precious stones trading
Includes reselling of natural, cultured and pre-formed pearl, as well as diamond, corundum, emerald, coral and other jewellery and precious stones prior to cutting, polishing and making various types of jewellery.
Non-manufactured precious metal trading
Includes reselling of the basic ores of gold, silver, platinum and other precious metals in pre-extraction condition, or in the form of ingots, blocks, threads or chips in pre- forming manufacturing.
Used jewellery trading
Includes reselling second-hand adornment jewellery such as brooches, earnings, necklaces, bracelets, rings, which are made of gold, platinum, palladium, titanium, silver and gemstones.
How to setup your Gold Trading license in Dubai?
Setting up a Gold Trading business in Dubai can be complex as it requires external approval from SIRA (Security Industry Regulatory Agency).
This approval process ensures that all trading establishments have robust security measures in place, including surveillance systems and trained personnel, to prevent theft and protect both assets and customers. For jewellery and gold traders, SIRA approval not only fulfills regulatory obligations but also reinforces trust and safety, which are vital in maintaining customer confidence in such high-stakes markets.
At S & S, we will guide you on what will be the best jurisdiction to setup the Gold Trading company and then assist you with all the setup process including the SIRA approval and all the other government requirements to make sure your setup is starting properly without any missing steps and with no errors.
Get started today!
Contact us for a free consultation via [whatsapp] or [email], and let our experts guide you through every step of the process.