Can foreign investors own 100% of a business in DGDP?

Yes, DGDP allows full foreign ownership without any local sponsor or partner.

What types of licenses are available in DGDP?

DGDP issues Trade, Manufacturing, Service, and Industrial licenses depending on the business activity.

Is there any corporate tax in DGDP?

No, DGDP companies enjoy a tax-free environment without corporate or personal income taxes.

Can I manufacture and sell jewelry under one license?

Yes, you can combine trading and manufacturing licenses based on your business model.

How does Mubarak Al Ketbi (MAK) Auditing assist in DGDP setup?

They manage company registration, compliance, accounting, and VAT procedures under DGDP and JAFZA rules.

Company Formation in Gold & Diamond Park 🥇

Company Formation in Gold and Diamond Park (DGDP) – Dubai

Overview of Gold and Diamond Park (DGDP)

Dubai Gold and Diamond Park, known as DGDP, stands as one of the most exclusive business zones for jewelry, gold, and diamond enterprises in the UAE. Managed by JAFZA and located on Sheikh Zayed Road, this dynamic hub was launched in 2011 as an extension of Jebel Ali Free Zone. It offers a perfect space for investors, traders, and craftsmen to operate in a highly secure and profitable environment.

The park features more than 100 retail outlets, 100 manufacturing units, and 300 office spaces, each built with advanced infrastructure. DGDP has earned fame for its Visitor’s Retail Center, which showcases brilliant craftsmanship and elegant jewelry pieces. The area also includes open courtyards, cafés, and restaurants, creating a comfortable atmosphere for both customers and business owners.

Gold and Diamond Park provides 100% foreign ownership, tax-free benefits, and full repatriation of profits. Investors find it ideal for growing international jewelry brands or small design studios because it combines business freedom with luxury exposure.

Advantages of Setting Up a Business in Dubai Gold and Diamond Park

Starting a company in DGDP delivers both operational and financial advantages that help businesses grow quickly.

100% Foreign Ownership: Entrepreneurs maintain full control without needing a local sponsor.
Tax-Free Environment: There’s no corporate or personal income tax, which ensures maximum returns.
Strategic Location: Positioned close to major tourist zones, airports, and luxury retail districts, DGDP attracts global buyers.
World-Class Infrastructure: Every shop and factory includes modern technology for jewelry crafting and display.
Excellent Retail Facilities: The retail center draws thousands of visitors daily, giving jewelry sellers high footfall.
High Security: 24/7 surveillance, smart fire-alarm systems, and on-site security staff ensure complete protection.
Skilled Labor Availability: DGDP hosts skilled artisans and professional designers, making talent acquisition easy.
Flexible Leasing Options: Businesses can rent commercial spaces that suit their specific production or retail needs.

These benefits make DGDP a dream destination for anyone entering the jewelry, gemstone, or precious-metal industry.

Types of Licenses in Dubai Gold and Diamond Park

DGDP offers multiple license categories so companies can select the one matching their business activities.

1. Trade License

This license allows import, export, storage, distribution, and re-export of gold, diamonds, and other precious metals. It suits wholesale traders and jewelry distributors.

2. Manufacturing License

Designed for jewelry production units, this license covers fabrication, polishing, refining, and assembly of gold and diamond ornaments. Manufacturing licensees can also operate workshops for custom jewelry.

3. Service License

This license fits consultants, designers, and repair specialists. It permits firms to provide design consultancy, testing, hallmarking, and repair services.

4. Industrial License

The industrial license is issued to large-scale refiners and processors. It includes operations such as purification, alloy mixing, and industrial jewelry production.

Each license comes with renewable terms and flexible validity, depending on business size and category.

Permitted Activities within DGDP

Entrepreneurs can choose from a wide range of authorized activities:

Trading: Import, export, and re-export of precious metals and stones.
Jewelry Manufacturing: Production, cutting, setting, and assembly of fine jewelry.
Retail Operations: Running boutique stores and luxury showrooms.
Professional Services: Offering legal, accounting, marketing, and design consultancy for jewelry brands.
Storage and Logistics: Keeping raw materials and finished goods safely within controlled environments.

This activity list allows both SMEs and global corporations to find their niche easily in the park.

Step-by-Step Process for Business Setup in DGDP

Starting a company here involves straightforward procedures designed by JAFZA to simplify registration.

Select Company Type: Choose between Free Zone Company (FZCO), Free Zone Establishment (FZE), or Branch Office.
Reserve a Trade Name: Register a unique business name that matches DGDP’s naming policy.
Obtain Initial Approval: Submit an application with details of shareholders and activities for preliminary consent.
Check for Additional Permissions: Certain manufacturing or refining activities may need specific environmental or safety approvals.
Prepare Documentation: Gather copies of passports, MoA, AoA, and lease agreements.
Sign and Submit Final Application: Send the complete application to DGDP’s Business Setup Department.
Receive Your License: Once approved, DGDP issues the business license and incorporation certificate.
Apply for Visas: Investors and staff can obtain UAE residence visas under the company’s name.
Open a Bank Account: Set up a corporate account in any UAE bank for local and international transactions.
Commence Operations: Start manufacturing, trading, or selling once premises are ready.

This smooth setup system helps entrepreneurs launch quickly and focus on revenue instead of paperwork.

Documents Required for DGDP Company Formation

When forming a company, specific documents must be submitted to the DGDP authority:

Shareholder Passports – copies of all owners’ passports.
Board Resolution – confirming establishment of the entity.
Manager’s Details – passport copy and professional resume of the appointed manager.
Memorandum of Association (MoA) – outlines company structure and purpose.
Articles of Association (AoA) – defines operational rules.
Lease Agreement – proof of office or workshop space within DGDP.
Power of Attorney (POA) – required if an agent such as Mubarak Al Ketbi (MAK) Auditing assists in registration.
Parent Company Documents – for branch registration, include certificate of incorporation and trade license of the parent firm.

Providing accurate documentation ensures faster approval and avoids compliance delays.

Cost of Setting Up a Business in DGDP

The total cost depends on license type, office size, and the number of employees. On average:

License Fee: AED 10,000 – 15,000 annually
Office or Shop Rent: AED 40,000 – 100,000 per year
Visa Costs: AED 3,000 – 5,000 per visa
Miscellaneous and Administrative Charges: AED 5,000 – 10,000

DGDP provides flexible packages and annual renewals that fit both startups and large manufacturers.

Facilities and Infrastructure

DGDP’s infrastructure combines elegance with functionality. Businesses enjoy:

Advanced workshops equipped with ventilation and security systems
24/7 access and centralized air-conditioning
Parking areas for customers and staff
Cafés and food courts for daily comfort
Dedicated banking and logistics services inside the premises

Such high-end facilities ensure companies operate smoothly in an environment tailored for precious-metal industries.

Why Foreign Investors Prefer DGDP

Foreign entrepreneurs often prefer DGDP because it’s part of the JAFZA ecosystem, giving easy access to ports, airports, and customs facilities. The government’s investor-friendly approach includes simplified visa issuance, zero import duties within the zone, and convenient profit repatriation. These incentives encourage long-term growth and strengthen global partnerships in the UAE’s jewelry sector.

Compliance and Regulatory Support

Every registered business must maintain proper accounting and auditing records. Mubarak Al Ketbi (MAK) Auditing, one of the UAE’s reputed audit and advisory firms, helps DGDP companies comply with UAE Corporate Tax, VAT laws, and ESR regulations. Their expertise covers:

Bookkeeping & Financial Reporting
External Audits for Free Zones
Corporate Tax Consultation
VAT Registration & Return Filing
Business Structuring Advice

Having reliable audit partners ensures your firm meets JAFZA standards and FTA requirements effortlessly.

Expansion and Future Opportunities

DGDP continues to attract investors due to its constant development. The introduction of e-commerce licenses, advanced logistics corridors, and integration with Dubai’s tourism sector makes it a key player in the global jewelry supply chain. With Expo 2020 legacy projects and Dubai’s growing luxury demand, the park remains one of the safest and most profitable business locations in the GCC region.

Conclusion

Dubai Gold and Diamond Park provides a golden opportunity for entrepreneurs aiming to build a reputable jewelry business in the heart of the UAE. From robust infrastructure to a tax-free ecosystem, DGDP offers the right combination of comfort and competitiveness. Whether trading, manufacturing, or providing consultancy, this free zone creates a premium business environment with strong government backing.

What Can Help — Mubarak Al Ketbi (MAK) Auditing

Mubarak Al Ketbi (MAK) Auditing helps investors register their companies in DGDP with ease. Our experienced consultants handle documentation, licensing, and compliance under JAFZA guidelines. We also guide clients on VAT registration, accounting, and auditing to ensure business success in Dubai’s jewelry market. Remember, “A stitch in time saves nine” — timely professional help can protect your investment from future troubles.