How to Set Up a Gold Trading Business in Dubai

Discover How to Get a Gold Trading License, Costs, and Setup Process

Dubai, known as the gold trading capital of the world, is the ultimate destination for entrepreneurs looking to establish a gold trading business. With its strategic location, tax-free benefits, and robust infrastructure, Dubai offers the perfect ecosystem for gold import, export, and retail businesses.

Whether you're an investor, trader, or entrepreneur, this guide will walk you through everything you need to know to set up your gold trading business in Dubai.

Let’s dive in!

Why Dubai is the Leading Destination for Gold Trading Businesses in 2025

1. A Global Market Hub
Dubai accounts for over 25% of the global $15 trillion gold trade, second only to London.

2. Tax-Free Benefits
Dubai offers:

• 5% VAT on gold jewelry,
• Zero import duties, and
• No import duties on gold bars and bullion making it a highly attractive location for gold businesses.

3. Advanced Infrastructure
State-of-the-art logistics, banking, and digital platforms make trading gold seamless.

4. Enhanced Security
High-security vaults, surveillance, and compliance standards protect your assets.

5. Access to Wealthy Clientele
Dubai is home to a vast number of high-net-worth individuals (HNWIs) with a growing demand for gold as a luxury and investment asset.

6. High Liquidity
Gold remains one of the most liquid assets, ensuring smooth business operations.

Key Documents Required for Setting Up a Gold Trading Business

• Completed application form
• Passport & Visa copies of all shareholders
• Sponsor’s Emirates ID (Mainland only)
• Passport-size photographs
• Manager’s CV (relevant experience)
• Bank statements of each shareholder for last 3 months
• Ejari Certificate (office lease agreement)

Steps to Start Your Gold Trading Business in Dubai

Step 1: Choose the Right Jurisdiction

Free Zone (e.g., DMCC): 100% foreign ownership, faster setup, dedicated commodities trading platforms.

Mainland (e.g., Dubai Gold Souk) Direct access to local markets, requires a local sponsor.

Gold & Diamond Park: Specialized ecosystem for jewelry and precious metals traders

Step 2: Business Registration & Gold Trading License

• Submit required documents
• Register with the Department of Economic Development (DED) for Mainland or the relevant Free Zone authority
• Obtain your Gold Trading License

Step 3: Secure Office Space

• Free Zone: Modern offices with networking opportunities.
• Mainland: Retail outlets in areas like the Gold Souk.

Step 4: Open a Corporate Bank Account

Select a UAE bank experienced in handling gold trading transactions.

Step 5: Comply with Regulations

• AML (Anti-Money Laundering) compliance
• KYC (Know Your Customer) procedures
• Regulatory Authorities for Gold Trading in Dubai
• DED: For mainland licensing
• Securities and Commodities Authority (SCA): Regulatory oversight
• Dubai Gold & Jeweler Group (DGJG): Industry standards & advocacy
• Dubai Gold & Commodities Exchange (DGCX): For gold futures trading

Regulatory Framework Governing Gold Trade in Dubai

• DED (Dubai Department of Economic Development): Issues licenses for Mainland setups.
• SCA (Securities and Commodities Authority): Regulates gold trade across the UAE.
• DGJG (Dubai Gold & Jewellery Group): Represents gold traders' interests in Dubai, promoting best practices.
• If you plan to trade on the Dubai Gold & Commodities Exchange (DGCX), you must follow its specific regulations.

Cost of Setting Up a Gold Trading Business in Dubai

• Minimum Capital: AED 150,000 (Free Zone)
• License & Setup Costs: Vary based on jurisdiction, office space, and business model.

How to Obtain a Gold Trading License in Dubai

• Select a unique business name
• Apply for initial approval
• Submit documentation to DED or Free Zone
• Lease your office/retail space
• Open a business bank account
• Apply for residency & employment visas

How to Obtain a Gold Trading License in Dubai

1. Choose a Business Name: Ensure it’s unique and compliant with Dubai’s regulations.

2. Submit Your Application: Apply through DED for Mainland or the Free Zone authority.

3. Apply for Visas: Once your license is approved, apply for work and residence visas.

4. Apply for Visas: Once your license is approved, apply for work and residence visas. Open a Business Bank Account: Select a bank that supports gold trading.

5. Apply for Visas: Once your license is approved, apply for work and residence visas. Lease Office Space: Based on your setup, choose appropriate office space.

How MSZ Consultancy Can Help You

Starting a gold trading company in Dubai is simplified with MSZ Consultancy. We provide:

• * End-to-end business setup support
• * License acquisition assistance
• * Visa processing
• * Regulatory compliance guidance
• * Banking and office space support

Contact us today at +971 52 544 1248 for a FREE consultation.

Frequently Asked Questions (FAQs)

1. What are the first steps to starting a gold trading business in Dubai?

Register the company, secure a gold trading license, lease office space, and open a corporate bank account.

2. Can I have 100% ownership of my gold trading business in Dubai?

Yes, in Dubai Free Zones like DMCC, 100% foreign ownership is allowed.

3. How much time does it take to set up a gold trading business in Dubai?

Typically, 2 to 4 weeks, depending on jurisdiction and documentation.

4. Do I need a physical office to start my gold trading business?

Yes, office space or a retail location is required.

5.How do I get a gold trading license in Dubai?

Through DED for Mainland, or Free Zone authorities like DMCC.