Dubai Gold and Diamond Park
Dubai Gold and Diamond Park Authority, Dubai
Description
Established in 2001, the Dubai Gold and Diamond Park is a premier destination for gold and diamond trading, offering a unique blend of retail, manufacturing, and commercial spaces. Located on Sheikh Zayed Road, it houses over 90 retailers and brands, providing a diverse range of jewellery and precious stones. The park also features 118 purpose-built manufacturing blocks and 350 offices, catering to jewellers and businesses seeking premium commercial leasing opportunities.
| Emirate | Dubai |
| Website | https://www.goldanddiamondpark.com/ |
| Contact Email | info@goldanddiamondpark.com |
| Contact Info |
Phone: +971 4 362 7777
Address: Sheikh Zayed Road, Dubai, UAE
|
| Year Established | 2001 |
| License Types | Trading License, Manufacturing License, Retail License |
| License Cost | License fees vary based on the type of license and business activity. |
| Formation Cost | Formation costs depend on the chosen license type, facility, and business activity. |
| Minimum Capital Requirement | No specific minimum share capital requirement is specified; it may vary depending on the business activity and legal structure. |
| Allowed Business Activities | Gold Trading, Diamond Trading, Jewellery Manufacturing, Precious Stones Trading, Retail Operations |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZCO), Branch of a Foreign Company |
| Allowed Activities | Trading of Gold and Precious Metals, Manufacturing of Jewellery, Retail Sales of Jewellery and Precious Stones |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | Visa costs vary based on the investor's profile and specific requirements. |
| Employee Visa Cost | Visa costs vary based on the employee's role and specific requirements. |
| Processing Time (Days) | The company formation process typically takes between 2 to 4 weeks to finalize, depending on documentation and approvals. |
| Physical Office Required | Yes |
| Office Space Options | Retail Spaces, Manufacturing Units, Office Spaces |
| Office Space Cost | Office space costs vary based on size, location, and facility specifications. |
| Virtual Office Available | No |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Operates under UAE federal laws and Dubai regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Annual renewal fees vary based on the type of license and business activity. |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | 100% foreign ownership, Full repatriation of profits and capital, Exemption from personal and corporate taxes, No customs duties on goods and services, Strategic location on Sheikh Zayed Road with easy access to major areas, Comprehensive infrastructure with manufacturing blocks, offices, and retail spaces, 24/7 operational freedom, Assistance for tenants in all government-related issues |
| Drawbacks | Limited to gold, diamond, and jewellery-related activities |
| Specific Compliance Requirements | Compliance with UAE federal laws and Dubai regulations, Adherence to industry-specific standards and practices |
