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Gold & Diamond Park

Gold & Diamond Park

The Dubai Gold and Diamond Park is a special economic zone with special purpose, which is located along the highway named after Sheikh Zayed. The launch was held in the middle of 2001. The structure of the Park includes the retailing spaces and industrial blocks; in particular, it is more than one hundred of production units and dozens of trading halls / rooms ranging in size from 100 to 300 square meters. Besides, the modern office premises, which are equipped with the latest technologies, are available on the territory of the economic zone.

It should be noted that the implementation and the further operation of the project, is supervised under the auspices of the Government of the Dubai Emirate.

Conception of the development of the project and social infrastructure

It is not a secret that today the precious stones and metals are of great interest not only among the jewelry experts and lovers of jewelry. First of all, it is an effective tool for investment and business activities. This is a key factor in creating the perfect infrastructure in the sphere of trade in precious metals and stones.

The Dubai Gold and Diamond Park in UAE has become an indispensable place for visiting by foreign guests and tourists. There are more than hundreds of international retailers and the world's largest manufacturers of jewelry products there.

Since the opening, the Gold & Diamond Park economic zone has rightfully earned the title of world's largest center of trade in jewelry and precious metals. Here, the customers are offered a wide range of products that combine high quality and reasonable prices. The entrepreneurs and businessmen are offered to use the competitive advantages of the jurisdiction and to implement their own projects, establishing on the advanced experience of the major international companies.

The additional facilities and comfort are provided by the perfect social infrastructure. The following objects of the social infrastructure are available for clients and business partners:

  • specialized shops and selling spaces;
  • offices;
  • industrial premises;
  • legal advice and business support;
  • restaurants and cafés;
  • modern banking services;

Services for investors and entrepreneurs

Foreign businessmen and investors are offered the full set of public services with the appropriate privileges and possibilities. The licensing authority of Gold & Diamond Park in UAE provides the maximum assistance with visa and license registration, and also during the registration of international company on the territory of the Free Zone. Business, on the territory of the Park, can count on the full support of the state and loyalty in resolving the corporate disputes.

Licensing of international business and international companies

The issuing of the two types of state licenses is presumed on the territory of the Dubai Gold and Diamond Park, in particular:

  • retailing business license;
  • industrial business license.

It should be noted that the license is valid only on the territory of the economic zone and requires annual renewal in the state registration authority.

Accordingly, the registration of the following international companies is available on the territory of the Free Zone:

  • FZС (or FZE): independent companies, registered on the territory of the Free Zone and permitting both individual and collective owning of shares;
  • representative offices or branches of foreign companies, including offshore companies in the country and abroad, which may become the founders of this company;
  • representative offices or branches of resident local companies, which implement their business activities on the local market.

Conditions of the registration of the international companies

Registration of the international companies in Dubai Gold and Diamond Park, UAE, is carrying on under the following conditions:

  • the share capital of the company can be owned at 100% by foreign citizens, there is no need to involve local sponsors or partners;
  • the state does not limit the business and allows to distribute the profits and dividends independently;
  • the international companies are fully exempt from the corporate taxation, including the taxation of income of employees and obligatory social security payments to the budget;
  • clients of the Free Zone are able to use the foreign labor sources;
  • possibility to carry on labor activity and entrepreneurial business 24 hours a day, 7 days a week;
  • maximal safety and round-the-clock security guard of the territory;
  • assistance of state agencies in visa and license registration.

Additional possibilities

All the jewelry, which is produced on the territory of the Dubai Gold and Diamond Park, is awarded a mark of the Municipality of the Emirate, which confirms the high production status and serves as a guarantee of quality.

Registration of the international company in the Dubai Gold and Diamond Park can take from 5 to 10 working days, or more (depending on the availability of space). To register the company in the FZC form, you must pay the share capital, the minimum amount of which is a 100 thousand Dirhams. You also need to rent an office. These requirements do not apply to the representative offices of local and foreign companies.

Conclusion

The Dubai Gold and Diamond Park in UAE is a luxury shopping center, which is ready to offer a wide range of the exquisite collections of precious metals, adorned with diamonds and brilliants, and also the best jewelry for clients visiting the Emirates. Here you can buy a ready-made adornments or to make an individual order. This economic zone had confirmed the Dubai megalopolis status of the leading international platform for the trading of precious metals and stones and also the finished jewelry. Use the contact us form to learn more information, and get a free consultation.