How to obtain a license to trade gold in Dubai, UAE

EN

RU

Write on WhatsApp

Calculate the cost of starting a company

EN

Calculate the cost of starting a company

Write on WhatsApp

RU→

Write on WhatsApp

Calculate the cost of starting a company

Main
/
Usefull information
/
How to obtain a license to trade gold in Dubai

How to obtain a license to trade gold in Dubai, UAE

Dubai, which rightly bears the title of “City of Gold,” controls an impressive 25% of the global trade in this precious metal. Its strategic location, minimal tax burden, world-class infrastructure, and strict financial regulations create ideal conditions for gold and jewelry traders. Thanks to a stable economy and government support for the precious metals industry, starting a gold trading business in Dubai is a highly profitable venture.

The first and most important step is to determine where to register your company. There are two main options:

Free economic zones are often focused on trade with other countries and can count on certain tax breaks. Popular FEZs include the Dubai Multi Commodities Centre (DMCC), Dubai Gold and Diamond Park (DGDP), IFZA and Meydan free economic zones.
The mainland part of the UAE provides access to the famous Dubai Gold Market and buyers within and outside the country. However, registration here often involves stricter regulation by local authorities and higher start-up costs.

It is important to understand that each jurisdiction has its own list of activities. You can engage in the import and export of gold, its purification, the production of gold jewelry, or gold investment services. Therefore, it is also important to rely on your niche: are the activities you need available in a particular zone? Different zones also have different requirements for specific activities. For example, on the Mainland, there are often additional requirements for obtaining external approvals. Obtaining approvals requires compliance with certain conditions related to premises, staff training, product safety inspections, etc.

Once you have decided on the location and types of activities, you need to choose the legal structure of your future company: whether it will be a sole proprietorship, a limited liability company, a branch, etc. Here, we also recommend that you carefully study the features of each structure specifically in the UAE. It would be useful to consult with experienced lawyers in this field, as all three stages — choosing a license, economic zone, and structure — have a huge impact on the company's ability to do business and its overall success.

To register your business, you will also need:

A certificate of trade name reservation. To obtain it, you will need to pass a check for uniqueness and compliance with the requirements of the Department of Economic Development (DED) or the relevant FEZ authority. It is necessary to prepare several name options in advance.

Legal address. You can obtain one when renting or purchasing an office: real or virtual.

Documents: founder's passport, founding documents (e.g., articles of association), etc., depending on the type of activity.

Obtaining certificates and external approvals.

After obtaining a license, you can open a corporate bank account. This will allow you to carry out financial transactions related to the company's activities.

The process of obtaining a gold trading license is complex and requires expert knowledge. It is recommended to contact a law firm specializing in business registration in the UAE - Wivo group.

Obtaining a gold trading license in Dubai is an investment in the future, paving the way for participation in one of the most dynamic and promising markets in the world. Unlike some assets, the value of which fluctuates greatly, gold historically retains its value over time. This stability makes it a reliable investment for both companies and individuals. However, the success of any enterprise depends for the most part on knowledge of local legislation.