Dubai Gold and Diamond Park Visa Cost & Types (Freelancers, Investors & Family, etc.)

Shine bright with Gold & Diamond Park visa options

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When it comes to visa types and costs, Dubai Gold and Diamond Park is a magnet for various kinds of investors, freelancers, and even families looking to be part of the dazzling world of precious metals and stones. But before you start imagining yourself in the gleaming corridors of this marketplace, let’s get down to the nitty-gritty of visas because, believe me, even diamonds can’t buy you entry without one.

Overview of Dubai Gold and Diamond Park

Dubai Gold and Diamond Park is not just another free zone; it’s the epitome of luxury and high-stake investment management. Strategically located near the Dubai Airport Free Zone, this specialized free zone offers unparalleled advantages to businesses in the gold and diamond industry. With proximity to the Dubai Multi Commodities Centre and the Dubai International Financial Centre, this park offers an alternative to the usual business districts. Whether you’re into direct investments in precious metals or hedge funds, there’s office space designed to accommodate your exact type of business activity.

Read more: Dubai Gold and Diamond Park Investor Benefits 2023 (Tax Advantages & Incentives)

Types of Visas Available 

For anyone wishing to create a presence in this vibrant commercial hub, it is imperative to learn the different kinds of visas. Below is a summary of the primary visa categories:

Freelancer Visa 

Freelancers, you’re in luck. Dubai Gold offers a Freelance Visa, allowing you to operate within its glittering boundaries. If you’re planning to freelance in areas related to precious metals, diamonds, or even in investment objectives, this visa is your ticket. What do you need? An application form, a business plan, and a modest registration fee. It’s almost as simple as buying a diamond ring—almost.

Investor Visa 

Investor Visas are for those high-rolling business owners who are looking to set up shop in the park. Eligibility usually revolves around substantial financial capital and a robust track record in business. You can go through a plethora of investment options, from mutual funds to alternative investments, but the main catch? A commitment to making an actual, substantial impact in the park.

Family Visa 

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Think the Park is too shiny to enjoy alone? The Family Visa allows your biological parent, child on parent, or even your whole entourage of family offices to join you. This visa is a godsend if you’re trying to balance family life with making informed investment decisions. No more using the placebo parent excuse; your actual parent can join you, too!

Other Types of Visas

Hold your horses; there’s more! Dubai Gold and Diamond Park Free Zone also provides options like Employment Visas and Student Visas. If your portfolio companies are interested in setting up in Ras Al Khaimah, but you want to reside near Credit Suisse in Dubai, you can actually do that. From private companies to foreign companies, the park has a visa type that accommodates everyone, including angel and foreign investors.

Read more: Start a Company in Dubai Gold & Diamond Park From Home: 2023

Process and Timeline 

Alright, sit tight because I’m about to demystify the hoops and hurdles of this obstacle course known as the “visa application process” at the Diamond Park. We’re not talking Hogwarts-levels of complexity here, but let’s just say you’ll be happy you’re dealing with visas and not direct investments in hedge funds.

Step 1: Application For Registration

Firstly, snag that application form on their website. No, it doesn’t come engraved in gold. That’s for later when you make enough capital gains to shower yourself in precious metals. Make sure your business activity and financial capital make you a worthwhile candidate, whether in private offices or mutual funds.

Step 2: Submission of Documents

Once the application form is complete, it’s time for some heavy-duty document submission. If you’re applying for a Freelance Visa or as a business owner, you need a business plan that screams, “Look at me, I’ve got a track record that makes Goldman Sachs envious.” You’ll also need proof of funds—don’t let them think you’re only rich in ambition.

Step 3: Security Checks and Financial Verification

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Security levels at Diamond Park are higher than the correlations in portfolio attributes between a 28.6 long-term bond fund and a 45.5 short-term bond fund. Yes, it’s that serious. They want to make sure you’re not messing around when it comes to your investment objectives and informed investment decisions. You’ll sail through if you’re at an actual parent level of responsibility.

Step 4: Entry Permit and Payment of Registration Fee

Got your documents in line? Great, you’re now eligible for an entry permit. That’s basically Diamond Park saying, “Okay, you can come in, but wipe your feet.” You will also have to pay a registration fee, but it is a small price to pay for living the Dubai Gold life.

Step 5: Residence Permits and Office Packages

Once you’ve gained entry, it’s time to finalize your residence permits. Meanwhile, pick from various office packages; you can go traditional or get a virtual office if you’re a freelancer, tech guru, or part of the Journal of Financial Economics reading club.

Also read: Start a 0% Tax Company in Dubai From Home | 2023 Guide

Conclusion 

So there you have it, the straight dope on how to get your feet through the proverbial door of Dubai’s Diamond Park. You’ll be rubbing elbows with angel investors, financial wizards, and those illustrious family offices in no time. And for all of you still concerned about the impact of parent on child or multi-family office complexities, don’t sweat it. FZBuddy will be your guiding star. Whether you’re taking the path less traveled or following in the well-heeled footsteps of giants, you’ve got a seat at the big kids’ table. Now, what are you waiting for? Chop, chop!

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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