The United Arab Emirates is the perfect spot for trade. It has direct links across the world and the global position where East can meet West, and better places to start the trading business.

Trading blooms in the UAE, right from spices, electronics to car parts and textiles. But one commodity trades all over the world that outshines the rest, which is gold.

Similar to burgeoning markets, the United Arab Emirates is the home for the quick and straightforward incorporation process that has the right guidance to do your trade within some days.

If you’re starting the gold business in the UAE or Dubai, there are various options available. You have to plan for the setup you like to run. It can be a mainland business or a free zone company.

Many of the free zones in the UAE permit gold trading. But none are better suited than Dubai Gold & Diamond Park. This free zone features warehousing, manufacturing blocks, and the large retail centre where traders can sell the wares to the public.

If you don’t like to directly sell to the public, but wish to export or import the gold from the UAE, you can choose another zone. One that is outside of Dubai to keep your costs down.

In the UAE free zone, you can benefit from a simple incorporation process, financial incentives, and ongoing business support like tax exemptions and zero currency restrictions.

You’re free to repatriate capital with profit back to the country of origin. You have the option to set up in the UAE mainland.

The main benefit is to sell gold to the United Arab Emirates’ popular gold souks. If you don’t intend to sell to the public, a free zone can be the perfect option for business.

Before you apply for the gold trading license in UAE or Dubai, you must engage with the company setup expert to get the right knowledge about it. The company setup expert manages the complete process on your behalf.

Fix A Company Name

This can be an important step to start a business in the United Arab Emirates. It has something to consider while making this decision. You must follow a strict rule if choosing a set of naming conventions. Then a company setup expert can guide you in this step.

You must refrain from using blasphemous language. Ignore using the names of well-known organisations and abbreviations when naming your company by yourself. For instance, Dave Mann Consulting not D Mann Consultancy. Also check if your chosen name can be available to register.

License Application

The second important step is your license application. When you decide to set up in the mainland, make it a direct application to the DED or to another emirate.

When you’re setting up in the free zone, make a direct application to the managing authority of your relevant free zone.

Free zone licenses can be issued within a few days. For a smooth process, you must instruct the services’ specialist of the company formation.

If doing the application by yourself or through the company formation agent, you need to give some basic documents.

• Passport copy of the owner
• Completed application form
• Coloured passport size photos (2)

Visa Application

Similar to the trade license application, there comes a process to apply your own visa and for your employees. An expert from the UAE company formation will guide you at this step.

When you have the UAE business license, you can sponsor other visas too. It can be a parent, or child or spouse or a domestic worker just like a housekeeper.

Total number of visas you can apply will depend on the company’s size, setup, dependent visa or personal earnings.

The overall cost to set up a gold trading business in the UAE and Dubai can depend on your business size and company’s location.

Fujairah Creative City is the best example when looking for a ballpark figure. The trading license of one visa costs AED 22,000. Also, add the on-site coworking facility along with the package, which costs around AED 25,000.

When armed with the knowledge, it’s simple to get a gold trading license in Dubai.

It needs the level of previous experience. It’s essential to note the application process that is free from errors, and complete at the time of submission.

It’s a better idea to work with company formation specialists like BIZ (Business Incorporation Zone) if establishing the new company in the United Arab Emirates.

We’re the leading team of company registration professionals who can bring the dreams of entrepreneurs and SMEs to life.

Besides handling your license application, BIZ can guide you to open a corporate bank account and advise the financial institution to suit the needs.

We provide visa and immigration services to handle your work permits, government formalities, visa application and permissions needed to trade in the United Arab Emirates.

Our experts can establish the company on your behalf, visa and license applications, and all the processes to make you run the business the right way.

Black Swan business Setup service can help you in Gold Trade in Dubai and setup gold trade company in Dubai  at affordable Cost .