Dubai is famously known as the City of Gold—a global hub where billions of dollars’ worth of gold and precious metals are traded every year. In 2024 alone, Dubai recorded more than $129 billion in gold trade, and with predictions of continued growth, the Emirate remains one of the safest and most profitable places to set up a gold business.
If you are an investor or entrepreneur looking to start a gold trading venture, securing a Gold Trading License in Dubai is the first crucial step. This guide will explain the benefits, locations, activities, costs, and step-by-step process of getting your license in 2025.
Why Dubai is the Global Hub for Gold Trading
Dubai’s strategic position between Asia, Africa, and Europe makes it an ideal re-export and trade center. Key factors include:
- Tax benefits: 0% personal income tax and a 9% corporate tax rate.
- Robust infrastructure: Secure vaults, refineries, and logistics support.
- Reputation: Dubai is home to the Dubai Multi Commodities Centre (DMCC) and the Dubai Gold & Commodities Exchange (DGCX), giving international credibility to licensed gold traders.
- High demand: A mix of global traders, tourists, and jewelry buyers ensures a steady customer base.
Benefits of a Gold Trading License in Dubai
Obtaining a gold trading license provides several advantages:
- 100% Foreign Ownership – You can fully own your business in most free zones and even on the mainland.
- Full Repatriation of Profits – Investors can send all profits abroad without restrictions.
- Regulated Industry – The Ministry of Economy and free zone authorities ensure a transparent environment.
- Stable Economy – Dubai’s strong financial system makes it a safe place for long-term investment.
- Global Reach – Licensed gold businesses can access both local and international markets seamlessly.
Best Locations for Gold Business Setup
Choosing the right location depends on whether you want to operate as a retailer, wholesaler, or global trader.
| Location | Best For | Key Features |
|---|---|---|
| Gold Souq (Mainland) | Traditional retail & bullion shops | Historic hub with 380+ stores; regulated by Department of Economy & Tourism (DET). |
| DMCC (Free Zone, JLT) | Global gold trade, bullion & derivatives | Handles 25% of the world’s gold trade, home to DGCX. |
| Gold & Diamond Park | Jewelry brands & custom design studios | Mall-style hub with 120+ manufacturing units; part of JAFZA. |
👉 Tip: If your goal is international trading, DMCC offers the strongest global platform. For retail and walk-in customers, the Gold Souq remains unmatched.
Types of Gold Trading Activities Allowed
Your business license can cover a range of gold-related activities:
- Wholesale Trading – Buying from refineries and selling to jewelers.
- Retail Trading – Running a jewelry store or outlet.
- Bullion Trading – Dealing in bars, coins, and ingots.
- Refining – Processing raw gold into pure form.
- Import & Export – Bringing gold into Dubai or exporting abroad.
- Brokerage – Acting as an intermediary on trading platforms.
Step-by-Step Guide to Getting a Gold Trading License
Setting up a gold trading business involves a structured process.
- Choose Your Location – Mainland for retail or free zone for international trade.
- Select Legal Structure – LLC, Free Zone Company (FZCO), or Sole Proprietorship.
- Secure Initial Approvals – DET for mainland or the relevant free zone authority.
- Obtain SIRA Approval – Required for physical shops or vaults to ensure proper security measures (CCTV, alarms, vaults).
- Apply for Trade License – Submit your documents and pay the fees.
- Open a Corporate Bank Account – A mandatory step for trading operations.
⏱️ On average, the process takes 15–25 working days, depending on the location.
Compliance & Regulations You Must Know
The gold sector is strictly regulated to prevent money laundering and ensure secure trade. Important compliance rules include:
- AML & KYC Obligations – Businesses must verify customer identity and follow anti-money laundering laws.
- VAT Registration – 5% VAT applies to jewelry sales; imports may also require customs clearance.
- SIRA Security Approval – Shops and vaults must install approved surveillance and alarm systems.
- Customs & Trade Reporting – Import/export traders must declare shipments to Dubai Customs.
Cost of a Gold Trading License in Dubai
The cost varies depending on whether you set up on the mainland or in a free zone:
- Mainland License: AED 25,000 – 30,000
- Includes trade name, approvals, MOA, Ejari, and SIRA NOC.
- Free Zone License: AED 15,000 – 16,000
- Includes licensing, initial approvals, and flexi-desk/office facilities.
💡 Don’t forget hidden costs such as visas, office rent, and bank deposits.
Banking Challenges for Gold Businesses
Opening a bank account is one of the most challenging steps, as banks consider gold a high-risk sector. Be prepared for:
- Strict Due Diligence – Banks may ask for trade history and business plan.
- Minimum Deposit Requirements – Some banks require AED 50,000–100,000 minimum balance.
- Preferred Banks – Emirates NBD, Mashreq Bank, and RAKBANK are common choices for gold traders.
Working with a consultant can help you select the right bank and prepare the necessary documents.
FAQs on Gold Trading License in Dubai
Is gold trading legal in Dubai?
Yes, as long as you have a valid license.
How long does it take to get a license?
Usually 2–4 weeks depending on approvals.
Which free zone is cheapest for gold trading?
Smaller Sharjah free zones are cheaper, but DMCC offers better global recognition.
Do I need a partner if I’m a foreigner?
No, most free zones allow 100% ownership.
Can I trade gold online?
Yes, provided your license covers online and brokerage activities.
Final Thoughts
Starting a gold trading business in Dubai offers unmatched opportunities—but success depends on choosing the right location, understanding compliance, and planning costs properly.
At Business & Beyond, we specialize in helping investors secure gold trading licenses quickly and efficiently, handling all approvals, compliance checks, and banking assistance.
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