Dubai’s status as a global gold trading hub is unmatched, attracting investors and entrepreneurs from all over the world. With a strong regulatory framework, tax-friendly policies, and access to international markets, obtaining a gold trading license in Dubai is an excellent choice for anyone looking to enter the precious metals industry.
Why Launch a Gold Business in Dubai?
Dubai is often called the “City of Gold” for good reason. The emirate’s strategic location between Europe, Africa, and Asia makes it a natural trading center for gold and other precious metals. Minimal import duties, advanced infrastructure, and a business-friendly environment contribute to the emirate’s dominance in the global gold trade.
Whether you’re planning to import, export, or trade gold locally or online, getting a gold trading license in Dubai is your first step toward tapping into this lucrative market.
Types of Gold Trading Licenses in Dubai
Depending on your business model and market reach, you can apply for one of the following license types:
- Mainland License (issued by DET): Suitable for businesses targeting both local and international markets.
- Free Zone License: Ideal for export-focused companies. Notable options include:
- Dubai Multi Commodities Centre (DMCC)
- Dubai Gold & Diamond Park
Steps to Obtain a Gold Trading License in Dubai
1. Choose Your Business Activity
Define the scope of your operations—wholesale, retail, manufacturing, or e-commerce.
2. Select Jurisdiction
Decide whether you’ll operate under a mainland or free zone authority.
3. Register Your Trade Name
Pick a name that reflects your business and complies with naming guidelines in the UAE.
4. Get Initial Approval
Submit your application and documents to the relevant authority for preliminary clearance.
5. Secure Office Space
Lease a commercial unit or opt for a flexi-desk based on the license type.
6. Submit Required Documents
Commonly requested documents include:
- Passport copies
- Business plan
- Emirates ID (if applicable)
- No Objection Certificate (if under sponsorship)
7. Receive Your License
Once all steps are approved, your gold trading license in Dubai will be issued.
Cost of a Gold Trading License in Dubai
The total cost for starting a gold trading business can range from AED 25,000 to AED 60,000, depending on factors such as:
- Chosen jurisdiction (mainland or free zone)
- Number of visas required
- Business size and office setup
Why Choose RAG for Your Gold Trading Setup?
RAG specializes in helping entrepreneurs obtain a gold trading license in Dubai seamlessly. From legal documentation to workspace selection and license application, our experienced team handles every detail so you can focus on growing your business. With RAG, starting your gold venture is efficient, compliant, and cost-effective.
Final Words
Launching a gold trading company in Dubai offers unmatched potential. With RAG by your side, the process becomes easy, compliant, and profitable. Contact us today to get your gold trading license in Dubai and start your business with confidence.
FAQs
Frequently Asked Questions on Start a Gold Trading Business in Dubai – Licensing Guide
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Can a foreign investor fully own a gold trading business in Dubai?
Yes, both mainland and free zone jurisdictions allow 100% foreign ownership of gold trading companies.
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Is it legal to trade gold online in Dubai?
Yes, but you must have the proper e-commerce activity listed in your license and follow UAE’s online trading regulations.
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What is the best location for setting up a gold trading business?
DMCC is considered the most preferred free zone for gold trading due to its global reputation and flexible trading structure.
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How much is the average setup cost for a gold trading license?
Setup costs start around AED 25,000 and can go higher based on office space and the number of visas required.
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How long does the licensing process take?
Typically, you can obtain a gold trading license within 5 to 10 business days, provided all documents are complete.
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Do I need a physical office to get the license?
Yes, whether it’s a physical shop, showroom, or flexi-desk, office space is required based on the business model.
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Can I import gold from other countries under this license?
Yes, import and export of gold are permitted with the right customs declarations and regulatory approvals.
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Is VAT applicable on gold trading in Dubai?
Yes, VAT applies to gold trading under specific conditions. Certain transactions may be zero-rated depending on their nature.
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Can I include other activities like jewelry design or manufacturing?
Yes, you can bundle related activities under the same license if approved by the authority.
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Why should I choose RAG for my gold business setup?
RAG offers personalized solutions, deep market insight, and end-to-end support to help you launch and grow your gold trading company with ease.
