Time:2025-04-22
Author:Zhuo Xin
Source:Zhuo Xin
Views:24Dubai Gold and Diamond Park is located in the Al Quoz Industrial Zone in the center of Dubai, UAE, near Sheik Zayed Road. The park is strategically located close to Dubai's main road network, ensuring road accessibility. Dubai Gold and Diamond Park is a free trade zone dedicated to the precious metals and gemstone industries. Registering a company in Dubai Gold and Diamond Park can enjoy the unique advantages and convenient conditions provided by the area. However, during the registration process, it is necessary to comply with the regulations and policies of the park to ensure compliance with regulations. At the same time, it is also necessary to pay attention to market trends and policy changes, and adjust business strategies in a timely manner to meet market challenges.
Dubai Gold and Diamond Park is located in the Al Quoz Industrial Zone in the heart of Dubai, UAE, near Sheik Zayed Road. The park is strategically located close to Dubai's main road network, ensuring road accessibility. In addition, the park is about 20 minutes' drive from Dubai International Airport, making it convenient for international travel and cargo transportation. Dubai's public transportation system, such as the Dubai Metro, also connects various parts of the city, ensuring that employees and visitors can easily access the Gold and Diamond Park.
Dubai Gold and Diamond Park covers a vast area, providing companies with ample space to set up business premises, showrooms, workshops, etc. The park is modern and well-equipped to meet industry standards and requirements. In addition, the park also provides reliable utility services, including electricity, water and telecommunications, to ensure smooth operations. Advanced security systems, such as surveillance cameras and access control measures, also protect the safety of valuable assets.
Dubai Gold and Diamond Park operates as a free trade zone, bringing together a variety of experts such as jewelers, gemologists, manufacturers and traders, promoting a collaborative environment that enhances industry knowledge and expertise. Companies in the park are mainly engaged in the trading, manufacturing and retail of gold, diamonds and other precious gems. In addition to B2B business, the park also has retail stores where visitors can explore and purchase high-quality jewelry, gemstones and precious metals. Regular events, trade shows and exhibitions also promote networking and business growth within the industry.
As a free trade zone in Dubai, Dubai Gold and Diamond Park offers a variety of tax benefits and incentives to attract companies to settle in. Companies in the park can be wholly owned by foreign investors, without the need for local partners or sponsors. Imports into the free trade zone are exempt from customs duties, reducing the operating costs of companies. In addition, individuals working in the park, including expatriates, also enjoy the benefit of no personal income tax. Although the UAE imposes value-added tax, the tax rate is relatively low, and certain goods such as gold are subject to lower tax rates or tax exemptions. Companies in the park are generally not subject to corporate income tax for a specified period.
(1) Policy support:
Dubai Gold and Diamond Park provides a series of policy support for registered companies, including tax incentives, financing convenience, etc. These policies help reduce the company's operating costs and improve its competitiveness.
(2) Industrial agglomeration:
The park has a large number of gold and diamond traders, manufacturers and retailers. This provides companies with rich business resources and cooperation opportunities.
(3) Market potential:
Dubai, as a business hub in the Middle East, has broad market potential. Registered companies can expand the Middle East market and radiate to surrounding countries and regions.
(4) Brand effect:
Registering a company in Dubai Gold and Diamond Park helps enhance the company's brand image and visibility. This helps attract more customers and partners.
(1) Pre-approval of company name:
Submit a pre-approval application for company name to the Dubai Gold and Diamond Park Administration.
Wait for the review result. If the name is approved, proceed to the next registration process.
(2) Submit registration materials:
Submit the prepared registration materials to the park administration for review.
During the review process, it may be necessary to supplement or modify the materials.
(3) Pay registration fees:
Pay the corresponding registration fees according to the park regulations.
The fees may vary depending on factors such as company type and registered capital.
(4) Signing of legal documents:
Signing of legal documents such as shareholder agreement and company articles of association.
Ensure that all legal documents comply with the park regulations and requirements.
(5) Obtaining a business license:
After passing the review, the park administration will issue a business license.
The business license is the certificate of the company's legal operation and should be kept properly.
Enterprises conducting commercial activities in Dubai and reaching a certain revenue threshold need to register for taxation. Generally, enterprises with an annual taxable supply value exceeding 375,000 dirhams must register for Value Added Tax (VAT). For some businesses engaged in specific activities, such as importing goods or providing taxable services, even if their revenue does not meet the above standard, they may still need to register for taxation. Additionally, foreign enterprises with permanent establishments in Dubai conducting taxable business activities also need to register for taxation.
Companies registered in free trade zones usually enjoy tax exemptions and do not need to pay corporate income tax, nor are they subject to business tax or value-added tax. However, if business activities extend beyond the scope of the free trade zone, some taxes may need to be paid.
There are more than 20 free zones in Dubai, each with its own characteristics. The specific free zone where a company should set up needs to be considered based on its business scope, office leasing situation, cost, subsequent maintenance and other factors to choose the right free zone. You can contact us for detailed communication, and our consultants will provide you with professional guidance and customize a detailed establishment plan based on your situation. (Provided by Adam)
Dubai Bank has relatively strict reviews on the authenticity of business operations, and the review requirements vary significantly among different banks. The main factors considered include: whether there is a physical office location, whether there is an EID, and whether there are associated companies engaged in substantive operations. We have close collaborations with multiple banks such as Dubai FAB, ENBD, NBF, RAK, etc. Please leave your contact details, and our consultants will match you with suitable options based on your specific situation. (Provided by Adam)
Zhuoxin Consulting relies on its Chinese service network and Dubai executive team to provide professional one-stop business services without communication barriers for Chinese companies to enter the Middle East market. Its business covers company establishment and maintenance, accounting and taxation, bank account opening, PRO services and business services.
Zhuoxin Consulting has high-quality business resources and maintains close cooperation with many free zones, bankers and tax departments in the UAE to escort your expansion in the Middle East market.
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