Company Formation in Dubai Gold and Diamond Park (DGDP)
The Dubai Gold and Diamond Park (DGDP), launched in 2011 under JAFZA authority, has become a thriving center for the gold and diamond industry. It stands proudly on Sheikh Zayed Road, linking key commercial districts of Dubai with the rest of the world. Over the years, DGDP has grown into a premium destination for manufacturers, retailers, and investors who work with precious metals and stones.
With around 100 retail stores, more than 100 manufacturing units, and 300 offices, DGDP is a self-contained ecosystem that encourages creativity and commerce. Tourists visit the park for its vibrant courtyards, cafés, and handcrafted designs offered by skilled artisans. Business owners enjoy a secure environment with full ownership rights, tax benefits, and access to a global market without restrictions.
Why Choose Dubai Gold and Diamond Park for Company Formation
Setting up a business in DGDP provides investors with strategic advantages and a trusted brand image under Dubai’s free-zone umbrella. Each benefit plays a crucial role in building long-term growth for your jewelry enterprise.
Key Benefits:
- 100% Foreign Ownership: You retain complete control of your company without a local sponsor.
- No Corporate Tax or Income Tax: All profits remain with you, maximizing returns.
- Strategic Location: DGDP sits near major tourist hotspots and business centers, attracting high-value clients.
- World-Class Facilities: Modern retail and manufacturing units designed specifically for the precious metal sector.
- Robust Security: 24/7 surveillance and fire protection systems ensure complete safety.
- Skilled Workforce: Talented craftsmen and designers support innovation and quality.
- Vibrant Retail Hub: Tourists and residents shop here daily, offering constant foot traffic for your store.
DGDP’s unique blend of commerce and culture creates a perfect setting for luxury brands to flourish under Dubai’s growing economy.
License Types in Dubai Gold and Diamond Park
Every business must obtain a license suited to its operations. DGDP offers four main license categories covering the entire jewelry supply chain.
- Trade License – For import, export, re-export, and distribution of gold, diamonds, and precious metals.
- Manufacturing License – For jewelry production, assembly, and fabrication activities.
- Service License – For specialized services like design, repair, testing, and consultancy within the sector.
- Industrial License – For large-scale industrial processes such as refining and metal processing.
Each license comes with specific requirements but provides flexibility for expansion as your business grows.
Permitted Business Activities in DGDP
DGDP welcomes diverse business activities that complement Dubai’s luxury market.
- Trading: Importing and exporting precious metals and stones.
- Jewelry Manufacturing: Designing and assembling high-quality pieces.
- Retail Operations: Running exclusive boutiques and showrooms.
- Professional Services: Offering consultancy in marketing, finance, or design.
These activities can be combined under a single entity to maximize market reach.
Business Setup Process in Dubai Gold and Diamond Park
Starting a company in DGDP is straightforward but requires accurate planning and proper documentation. Below are the main steps:
- Choose Company Type: Select between a Free Zone Company, Branch Office, or Professional Entity.
- Register Trade Name: Pick a unique name that meets DGDP guidelines.
- Get Initial Approval: Apply for activity approval through the authority.
- Check Extra Approvals: Some activities require clearance from security or customs departments.
- Submit Application: File online with all documents and fees.
- Prepare Documents: Passports, business plans, and board resolutions are required.
- Obtain License: Receive the official DGDP license certificate.
- Apply for Visas: Investors and employees can get residency visas under the company.
- Open Bank Account: Set up a corporate account in a UAE bank.
- Start Operations: Begin your business and use DGDP’s resources for growth.
Timeline: The whole setup usually finishes within 10 to 15 working days if all documents are ready.
Essential Documents for Company Formation in DGDP
To ensure smooth registration, business owners must prepare these key papers:
- Passport Copies of all shareholders and managers.
- Board Resolution approving the setup in DGDP.
- Manager’s Profile and passport copy.
- Memorandum of Association (MoA) defining company objectives.
- Articles of Association (AoA) stating operating rules.
- Lease Agreement for office or shop space within the park.
- Power of Attorney (POA) if appointing a setup consultant like Mubarak Al Ketbi (MAK) Auditing.
- Parent Company Documents for branch registrations.
Accurate documents avoid delays and help receive faster approvals from DGDP officials.
Visa Facilities in DGDP
DGDP offers flexible visa solutions for investors and employees. Each company’s visa quota depends on its office size and license type.
- Investor Visa: For company owners and shareholders.
- Employment Visa: For staff working under the company.
- Dependent Visa: For family members of investors and employees.
Each application requires medical tests, Emirates ID registration, and valid health insurance as per UAE laws.
Challenges During DGDP Company Setup
Although DGDP simplifies business formation, some challenges may arise for new investors:
- Understanding free-zone laws and compliance rules.
- Preparing and notarizing documents on time.
- Managing setup costs and annual renewal fees.
- Opening a bank account with strict compliance standards.
- Competing with established brands in the market.
These issues can be resolved by engaging a professional advisor like Mubarak Al Ketbi (MAK) Auditing, who handles paperwork and regulatory steps smoothly.
Advantages of Choosing Mubarak Al Ketbi (MAK) Auditing
Partnering with Mubarak Al Ketbi (MAK) Auditing ensures a seamless setup process and complete compliance support. Our team specializes in Dubai free-zone formation and offers a range of professional services for new and existing businesses.
Our Expert Services:
- Business setup consultation and activity selection.
- Trade name registration and licensing assistance.
- Financial advisory and corporate tax planning.
- Document drafting and legal translation support.
- Bank account opening coordination.
- VAT and audit services for DGDP companies.
As a trusted firm approved by the Ministry of Economy, Mubarak Al Ketbi (MAK) Auditing provides strategic guidance to help your brand achieve success in Dubai’s competitive jewelry sector.
What Can Help – Mubarak Al Ketbi (MAK) Auditing
Building a business in DGDP is a rewarding journey when you have the right partner by your side. With expertise in auditing and UAE company formation, Mubarak Al Ketbi (MAK) Auditing helps entrepreneurs navigate licensing, taxation, and documentation with ease.
Our team can assist you with:
- Selecting the right business activity and license type.
- Preparing all legal and financial documents.
- Registering your company and obtaining approvals.
- Managing accounting, VAT, and annual audits.
- Ensuring compliance with UAE free-zone regulations.
As the saying goes, “Rome wasn’t built in a day,” and that idiom perfectly describes our commitment to helping you build a strong foundation for your business.
For More Information:
- Visit our office at Saraya Avenue Building – Office M-06, Block/A, Al Garhoud – Dubai – United Arab Emirates
- Or Contact/WhatsApp: +971 50 276 2132
