Dubai Gold and Diamond Park

Dubai Gold and Diamond Park is a specialty mall with 90 leading retailers, 118 manufacturing blocks and commercial space for 350 offices. International entrepreneurs choose Dubai Gold and Diamond Park to showcase their collections of gold, diamonds and fine jewellery for retail purchase. Following is detailed information on the advantages and disadvantages of Dubai Gold and Diamond Park, and Healy Consultants' capabilities in this area.

Dubai Gold & Diamond Park company formation is ideal for investors looking to set up a presence in the UAE to import, export and sell gold, diamonds and fine jewellery. Furthermore, there are no restrictions on the import or export of gold or jewellery from Dubai.

Dubai Gold & Diamond Park company formation is available via two different entities: i) A proprietorship or ii) A partnership, although the company enjoys the benefits of a free zone company. Healy Consultants will advise on the optimum corporate structure for our client.

Foreign (i e non-UAE citizen) investors can take 100% foreign ownership of a Dubai Gold & Diamond Park company.

Investing in gold is a often seen as a safer option to other investment classes. The Dubai Gold & Diamond Park is an internationally recognised centre for gold and diamond retailing.

If properly-structured, Dubai Gold & Diamond Park company formation is the perfect way to legitimately book international profits without paying local corporation tax. Neither corporate tax nor personal income taxis levied in Dubai. Furthermore, there are no requirements for a Dubai Gold & Diamond Park company to prepare annual financial statements or tax returns to any authorities, making Dubai Gold & Diamond Park company formation easy to maintain and manage. Furthermore, there are no restrictions on the repatriation of capital or profits from the UAE.

Healy Consultants will obtain the company registration certificate and operating license from the Dubai Gold and Diamond Park authority without our client needing to travel to Dubai. Our related services include: i) submitting documentation to the authority to obtain the company registration certificate and licence, including completing an application form on behalf of our client ii) assistance with drafting a business plan (in the format required by the authority if necessary) to accompany the application iii) Opening a bank account for our client following Dubai Gold & Diamond Park company formation iv) provision of all corporate and licence documentation to the client.

Healy Consultants can open global corporate bank accounts to support Dubai Gold & Diamond Park company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Dubai Gold and Diamond Park has a high minimum capital requirement of Dhs100,000 (US$27,400) for both proprietorships or partnerships. For a partnership, this amounts to Dhs50,000 (US$13,700) per partner.

The UAE government levies customs duties on imports and exports of gold, diamonds and jewellery. However, this can be recouped when and if the goods are re-exported within a certain time frame.

Contact Us

Back to UAE free zones page.