Dubai Gold and Diamond Park License Types for Company Formation

Unlock your options: Dubai Gold and Diamond Park licensing for company formation

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You’re probably scratching your head, wondering why you’re reading about the Dubai Gold and Diamond Park license types. Located in that shiny, skyscraper-filled oasis known as Dubai, this gem (pun intended) of a park isn’t just a pretty face. It’s a treasure trove for those in the gold and diamond business.

Dubai Gold and Diamond Park stands out not just because of its strategic location, it is also near Dubai International Airport for those international business escapades. The park also has the alluring benefits it offers.

From embracing the joys of 100% foreign ownership to providing an unbeatable infrastructure with a central gas distribution system, proper ventilation systems for those sweaty diamond-making endeavors, and a healthy environment. 

Need a lease agreement? They’ve got your back. Considering expanding your business activity? You’ll find every type of license you might need, from a retail license for that sparkling storefront dream to a manufacturing license to unleash your inner alchemist. And let’s not forget, the friendly expatriate workers you’ll meet along the way, all nestled in the heart of the Diamond Park Free Zone.

With the help and guide of the FZBuddy, we will learn the different Diamond park license types. 

Read more: Dubai Airport Freezone (DAFZA) Visa Cost & Types (Freelancers, Investors & Family, etc.

Overview of Dubai Gold and Diamond Park License Types

Since you are planning to set up a business in Dubai Gold and Diamond Park, here’s the overview of getting licenses and why you have to get them.

Why Even Bother with a License?

Look, if you’re planning to dazzle the world with your sparkling wares or set up a business in the Gold & Diamond Park, you’re going to need a business license. And no, we’re not just saying this to sound fancy; the Regulatory Authorities made us do it. Plus, trust us, you want the peace of mind.

Diamond Park’s Strategic Location

Nestled in the heart of Dubai, Diamond Park offers a strategic location that’s more connected than a bored teenager on social media. Think proximity to the Dubai International Airport and major banks. When time is money and money is in the form of precious gems, you want your location to be this good.

Foreign Ownership: Go Big or Go Home

This isn’t just about staking a claim; it’s about owning the place! Enjoy 100% foreign ownership here. No strings attached, no sneaky terms and conditions. It’s all yours, and if that doesn’t scream “entrepreneur’s dream,” I don’t know what does.

Business Activity & Lease Agreement: Choose Your Adventure

Whether it’s retail, trade, manufacturing, or a blend of these, there’s a business license tailored for it. And guess what? The Lease Agreement is as straightforward as a children’s book. Alright, maybe not that straightforward, but it’s close!

Proper Ventilation Systems & Central Gas Distribution System

Think of this as the life support of your operations, especially if you’re dabbling in manufacturing. From a central gas distribution system to proper ventilation systems, everything screams “healthy purpose-built work environment”. And, who knew a Central Air Conditioning Plant could feel so…luxurious?

Security: Because Diamonds are Everyone’s Best Friend

We’re not kidding around here. With high-tech video surveillance and around-the-clock security personnel, your treasures are safer here. 

Repatriation of Capital and Profits: The Cherry on Top

As if the deal wasn’t already sweet enough, the Gold & Diamond Park lets you enjoy complete repatriation of capital and profits. No more bureaucratic hurdles.

Expatriate Workers?

If you thought this glittering haven was exclusive, think again. There’s room for expatriate workers, so your dream team doesn’t have to be just a dream. They can work and do anything they want at Diamond Park. 

Getting Started

Fill out that application form, gather the necessary documents, and wait for that initial approval. And if you’re feeling overwhelmed, there’s always a business consultant or two ready to guide you through the labyrinth.

Also read: How to Start a Company in Twofour54 From Home (2023 Guide)

Detailed Description of Each Dubai Gold and Diamond Park License Type

Now, let’s proceed to the detailed description of each Dubai Gold and Diamond Park license type so you may know which one you need to get. 

Retail License

Let’s start with the bread and butter of the Gold & Diamond Park: the Retail License. If you’ve dreamt of flaunting your shiny trinkets in a retail outlet, this is your ticket. With this license, your establishment can proudly display “come buy me” signs for both locals and those remote sellers. But here’s the catch; there’s always a lease agreement to consider. Always remember the golden rule: Read. The. Fine. Print.

Commercial License

Now, if you’re the behind-the-scenes sort, and not just making bling but the business of bling, this might be your jam. Ensuring you’ve got this business license in your arsenal means you’ve unlocked the right to trade in the strategic location that is the Diamond Park Free Zone. Foreign ownership? You can own up to a whopping 100%. But, as always, conditions apply. Make sure to check with regulatory authorities to dot those i’s and cross those t’s.

Manufacturing License

The makers, the crafters, the creators! If you’re looking to set up manufacturing units where you create those sparkling treasures, this is for you. The Diamond Park boasts 118 purpose-built manufacturing blocks. And fear not, with a central gas distribution system and proper ventilation systems, your workspace will be as shiny as your products. And because safety first, there’s a top-notch fire-defense system in place. So, to all those talented designers thinking of creating custom pieces, take the plunge!

Trading License

Trading? Absolutely! Engage in the trading of gold, diamonds, and those glittery gemstones with this license. And with Dubai Gold & Diamond Park’s advantageous proposition and popular attraction, rest assured, your commodities will fly off the shelves. Moreover, the location? The Dubai Gold Park is as central as you can get. Close to the Dubai International Airport, the connectivity is just the cherry on top.

E-Commerce License

Welcome to the 21st century! Want to sell your glitters online? Dubai Gold and Diamond Park has got you covered. With this license, not only can you dazzle the physical world but also the virtual one. Step into the e-commerce platform and watch as your treasures become a global sensation.

Service License

For those who want to offer services in the jewelry industry, the Service License e-commerce license combo is the perfect fit. Be it financial services, professional services, or even a legal representative for jewel matters, the park is your playground.

Key Takeaways

If you’re looking to sprinkle some gold dust on your business dreams, the “Dubai Gold and Diamond Park license types” might just be your magic carpet. Nestled in a strategic location, this Diamond Park is not just another blip on the Dubai map; it’s a full-fledged business behemoth.

With a central gas distribution system and proper ventilation systems, the place is as breezy as it gets. Plus, let’s not forget the expatriate workers bringing in a dash of global glam. And if security’s your thing? Video surveillance has got your back. So, whether it’s a trading license, manufacturing license, or just some good ol’ retail therapy, this is the place to be.

Sources


FZBuddy aims to provide accurate and reliable information as you navigate the UAE Freezone space. As such, our writers refer to primary information sources in supporting each article appearing on this website. These include, but are not limited to, published news articles, government portals, research papers, and more.

  1. Home – Gold & Diamond Park. (2017, March 23). Gold & Diamond Park. https://www.goldanddiamondpark.com/
  2. Home – Executive Council. (n.d.). Executive Council. https://tec.gov.ae/en/home

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