Dubai Gold and Diamond Park Free Zone

Dubai Gold and Diamond Park is a part of the Jebel Ali Free Zone Authority (JAFZA), which started operations in 2011. This free zone consists of some of the most precious stones available worldwide, such as gold, silver, gemstones, and 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 Infrastructure

The Dubai Gold and Diamond Park provides a robust infrastructure for company formation:

Production

The Gold and Diamond Park Free Zone provides you with great flexibility in your work. You can take any amount of orders in any design. The complexity of the order will not affect its quality and deadlines. This free zone consists of all the leading master jewellers.

Offices

There are 350 luxury offices in one Dubai Gold and Diamond Park 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

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 Dubai Gold and Diamond Park

The types of business licenses in Dubai Gold and Diamond Park are as follows:

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

How to Setup a Company in Gold and Diamond Park

1. Apply for a lease agreement

The first step is to issue a lease agreement to initiate the company setup process in Dubai Free Zone Park. This step is necessary to obtain a business license, which you can acquire after you sign the lease agreement.

2. Obtaining the appropriate license and permits

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

3. Submit the required documents

Here is a list of documents that you need to submit:

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

4. Opening a bank account

The next step includes opening a corporate bank account in Dubai. You must deposit the authorized capital and submit a confirmation letter to the concerned authorities.

5. Issue the visa

The last step is to obtain the required visa to form a company in the Gold and Diamond Park free zone. Different types of visas are available in free zones. Contact a professional business setup consultant like Business Setup Worldwide to help you understand the visa process.

How can BSW 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 today to avail yourself of our services.