Do you want to start a company in Dubai Gold and Diamond Park? The following lines provide information about the main requirements as well as details about this appealing free trade zone. Our specialists in company formation in Dubai are at your disposal to support you in opening your company here.
Table of Contents
Operating in the Dubai Gold and Diamond Park
Foreign investors may operate as manufacturers, retailers or traders in the Gold and Diamond Park in Dubai. No matter the type of business they decide to set up, there are two common steps required for all types of operations:
- obtaining a lease agreement from the management of the Dubai Gold and Diamond Park,
- applying for a business license with the Jebel Ali Free Zone Authority (JAFAZA) in Dubai.
In order to start the business operations in the Dubai Gold and Diamond Park, the following documents must be submitted with the JAFAZA:
- the partnership agreement or memorandum and articles of association of the Dubai company,
- the copy of the lease agreement,
- proof of licensing fee payment.
Based on these documents, JAFAZA will release the certification of incorporation for the company and a letter to be submitted to the Dubai bank, where the corporate account will be opened. After that, the bank will issue a letter confirming the deposit of the required share capital. Based on the letter, JAFAZA will issue the free zone license.
For information about the required share capital for setting up a company in Gold and Diamond Park, you may ask our company incorporation agents in Dubai.
Business license in Dubai Gold and Diamond Park
If you want to open a business in Dubai Gold and Diamond Park, you must take into account all the formalities imposed, including the business license. Here is what you need to know in this regard:
- the general trading license allows businessmen to develop their activities in DGDP;
- depending on the activities you are going to develop, you can apply for: manufacturing/service/retail/e-commerce license;
- the application for this license is made with the Jebel Ali Free Zone Authority (JAFZA);
- Articles of Association and Memorandum of Association are two of the important documents required to obtain a business license for activating in Dubai Golden and Diamond Park. A standard form will also be filled out, offered by the above-mentioned authority.
If you want to apply for a general trading license for opening a company in Dubai Gold and Diamond Park, do not hesitate to contact our specialists.
About Dubai Gold and Diamond Park (DGDP)
Dubai Gold and Diamond Park is one of the most appreciated free zones in Dubai and a special destination for luxury shopping. If you want to open a business in Dubai in the luxury sector, you can opt for Dubai Gold and Diamond Park. Here are some interesting facts about this free trade zone:
- Dubai Gold and Diamond Park opened its doors in 2001;
- the location spans over 528,389 square meters;
- diversity and high quality describe Dubai Gold and Diamond Park to a good extent;
- there are over 90 gold & diamond brands and retailers here;
- clients have the opportunity to witness the creation of jewelry in Dubai Gold and Diamond Park through dedicated workshops;
- (DGDP) offers to businessmen a wide range of spaces. From office spaces and manufacturing blocks to retail areas, Dubai Gold and Diamond Park meets the necessities for your business activities;
- business owners opening a company in Dubai, respectively in DGDP, can benefit from a 50-year corporate tax exemption and 100% ownership.
Now that you know some interesting information about Dubai Gold and Diamond Park, all that remains is to contact our team and find out all the details about incorporating your business. Plus, if you want to relocate your company, we can help you with the formalities of immigration to Dubai.
Why open a company in Dubai Gold and Diamond Park?
Among the advantages foreign investors will benefit from when registering a company in the Dubai Gold and Diamond Park are:
- full foreign ownership is allowed,
- no income or corporate taxes under specific conditions,
- full repatriation of profits,
- easy access to all other areas in Dubai,
- the possibility of hiring foreign personnel.
For complete information about the facilities provided to foreign businessmen in Gold and Diamond Park, you can contact our representatives in company incorporation in Dubai. We can assist you in setting up a business in Dubai by managing all the formalities involved.