Dubai Gold and Diamond Park Free Zone

Dubai Gold and Diamond Park free zone is a part of the Jebel Ali Free Zone Authority (JAFZA) which started operation in 2011. The free zone consists of some of the precious stones available worldwide such as gold, silver, gemstones or any other pieces of jewellery. The park is divided into two sections:

  • Dedicated production workshops
  • A shopping centre with jewellery outlets.

Dubai Gold and Diamond Park Free Zone Infrastructure

DGDP provides a proper infrastructure for a company formation:

Production

DGDP provides you with the flexibility to work. You can take any amount of orders in any design. The complexity of the order will not affect the quality and deadlines of the order. This free zone consists of all the leading master jewellers. 

Offices

There are 350 luxury offices in one DGDP building. This office provides the following facilities:

  • Proper ventilation and air conditioning
  • Exhaust devices with air conditioning
  • Central gas distribution system
  • Fire alarm and fire protection
  • Top-notch security system 

Retail Premises

DGDP provides the following facilities for workshops:

  • Special zones with workshop rooms
  • Secure warehouses

The Benefits of Company Setup in Dubai Gold and Diamond Park Free Zone

  • No income tax
  • Strategic location
  • Low corporate tax
  • Modern infrastructure
  • 100% foreign ownership
  • 24*7 operational freedom
  • Adequate world-class facilities

Types of Licenses in Gold and Diamond Park

  • Retail license
  • Trading license
  • Industrial license
  • E-commerce license
  • Manufacturing license

The Registration Process of a Company Setup in Gold and Diamond Park

1. Apply for a lease agreement

The first step is to issue a lease agreement to initiate the process of company setup in Dubai Free Zone Park. This step is necessary to obtain the business license, which can be acquired once the lease agreement is signed. 

2. Obtain the appropriate license and permits

Apply for the appropriate license and permits based on the business type and activities. The regulative authority is the Jebel Ali Free Zone Authority (JAFZA). 

3. Submit the required documents

Here is a list of documents that need to be submitted:

  • Memorandum and Articles of Association (MOA) of the company or partnership agreement;
  • Photocopy of the lease agreement;
  • Receipt for payment of the license fee.

4. Open a bank account

The next step includes opening a bank account. You must deposit the authorized capital and submit a confirmation letter to the authority. 

5. Issue the visa

The last step is to obtain the required visa for forming a company in the Dubai Gold and Diamond Park free zone.  Different types of visas are available in free zones. Contact professional business setup consultants in Dubai to understand the visa requirements for your company formation. 

How BSW can Assist You in Setting Up a Business in Dubai?  

Business setup consultants in Dubai can assist you in company formation. One such consultancy is Business Setup Worldwide.  Our experienced business consultants will take care of all your business requirements, such as document preparation and submission, license application, bank account opening, and all the required approval processes. Contact us anytime to avail of our services without any hassle. 

FAQs

1. What documents are required for company formation in Dubai Gold and Diamond Park?

MOA
Lease Agreement Copy
Proof of License fee copy
Passport copy

2. When was the Dubai Gold and Diamond Park officially opened?

2001, May.

3. How many retail shops do the Dubai Gold and Diamond Park have?

37 retail shops.