Business Setup in Dubai Gold & Diamond Park Free Zone

Dubai Gold and Diamond Park (DGDP) Free Zone was established in 2011 as the extended part of Jebel Ali Free Zone (JAFZA). The jurisdiction exclusively aimed at promoting business in diamond, gold and other precious metals has been growing at a phenomenal rate since inception. The constant flow of domestic and international tourists, as well as, investment from resident and immigrant entrepreneurs have been supplementing the growth. We have seen numerous businesses scale heights of success through Dubai Gold and Diamond Park Free Zone Business Setup. Kiltons assures relentless support that would be the mainstay in your venture.  

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FAQ's

Frequently Asked Questions on Business Setup in Dubai Gold & Diamond Park Free Zone

  • How long will it take to complete the company incorporation formalities?
    • With a simple and unfussy business set up procedure in place, company formation in Dubai Gold and Diamond Park (DGDP) Free Zone can be completed in quick time.
  • How much is the corporate and personal taxes for a company in DGDP?
    • Nil. Entrepreneurs don’t have to pay any personal or corporate tax in Dubai Gold and Diamond Park (DGDP).
  • Is Value Added Tax (VAT) applicable in Dubai Gold and Diamond Park (DGDP) Free Zone?
    • Yes, VAT of 5% is applicable with effect from 01 Jan 2018.
  • Which are the type of companies that can be formed in Dubai Gold and Diamond Park Free Zone?
    • Resident or immigrant entrepreneurs can start Free Zone Company (FZC), Free Zone Establishment (FZE) or representative/ branch office of an established company in DGDP. 

  • What is DGDP?
    • Dubai Gold and Diamond Park (DGDP) is a Free Zone established in 2011, exclusively for gold, diamond and other precious metal businesses.

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Procedure for Business setup in Dubai Gold & Diamond Park Free Zone

 The procedure to start a gold and diamond business in DGDP is similar to any other Free Zone domain Dubai. The formalities and the documents required for business setup in Dubai Gold and Diamond Park Free Zone will depend on the business license in Dubai you opt for. The business in this jurisdiction could be Free Zone Company (FZC), Free Zone Establishment (FZE) or branch office of a domestic or international firm. The number of shareholders needed and other basic structure would be unique to the company you establish.  

Dubai Gold & Diamond Park Free Zone Business Setup has a number of steps:

- Identifying the type of company you want to set up in the DGDP Free Zone

- Registering the trading name of the entity. Note that the business name must be according to the naming guidelines promulgated by the authority

- Initial approval for the business activities

- Additional approval and permissions (if required)

- Submission of the application along with requisite documents for company incorporation.


Full-fledged business activities could be commenced subsequent to incorporation of the business setup in DGDP.

Documents Required for setting up a business in Dubai Gold & Diamond Park Free Zone 

 The documents necessary for Dubai Gold and Diamond Park business setup are:

-  Copy of passports of the shareholders

-  Board resolution concerning the establishment of business in DGDP Free Zone

-  Copy of passport and resume of the designated manager of the business setup in Dubai Gold and Diamond Park

-  Memorandum of Association

-  Article of Association

-  Rent/ lease agreement of the office and commercial space

-  Power of attorney (POA) if a business setup services like Kiltons is aiding you the company formation in Dubai Gold and Diamond Park

-   Company license and business registration documents of the parent company, in the case of a branch office or representative office

Permitted Activities in Dubai Gold & Diamond Park Free Zone

All of the legal activities related to gold, diamond and other precious metals could be pursued in DGDP. Most of the elite business entities in the gold and diamond business have their branch in Dubai Gold and Diamond Park Free Zone. The permitted activities in the jurisdiction include:

 

Trading of Gold and Diamond

All types of trading of gold, diamond and jewellery made of precious metals and stones.   

Manufacturing of Ornaments

You can start a manufacturing business setup in Dubai Gold and Diamond Park Free Zone for gold and diamond ornaments, decorative items etcetera.

Retail Business

In addition to wholesale business activities, firms can conduct retail sales and purchase product and materials as well. 

Professional Services

An individual with the required experience in the sector can extend their professionals services after obtaining the professional license in Dubai

E-commerce Platform

E-commerce platforms have garnered widespread publicity in the recent past. Ecommerce business setup also offers great growth prospects. 

Kiltons Business Setup services for Dubai Gold & Diamond Park Free Zone Business Setup

 Kiltons offers you exceptional services at affordable packages for business setup in Dubai. Established in 1999, we have remained one of the top choices among the firms providing Business Setup in UAE for more than two decades. Our professional team with immense experience and expertise will be pivotal and will play a significant role in the establishment and growth of your business in DGDP. 

 

We welcome you to reach out to us for business setup in Dubai Gold and Diamond Park Free Zone. Contact us now. 

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