Dubai Gold & Diamond Park Business Setup
Expert Dubai Gold & Diamond Park Business Setup Consultancy
Dubai Gold & Diamond Park, opened in May 2001, is a sector-specific free zone dedicated exclusively to the jewellery, gold, and precious stones industry. Unlike general-purpose free zones, it combines retail space with 118 purpose-built manufacturing units and 350 offices, housing over 90 leading retailers and brands under one roof.
The park operates within the Jebel Ali Free Zone Authority (JAFZA) framework, extending full JAFZA free zone facilities and benefits, including 100% foreign ownership, to businesses registered here. Companies register through JAFZA and manage ongoing filings, visa processing, and licence renewals through JAFZA’s digital portals.
At FAR Consulting Middle East, we manage Dubai Gold & Diamond Park company formation from structure and licence selection through documentation and visa processing.
Start Your Gold & Diamond Park Company FormationBenefits of Business Setup in Dubai Gold & Diamond Park
Gold & Diamond Park gives jewellery and precious stones businesses genuine industry-specific infrastructure alongside JAFZA’s free zone benefits. Key advantages include:
- 100% foreign ownership
- 100% repatriation of capital and profits
- Ability to hire expatriate workers
- Central air conditioning and gas distribution connections to each unit
- Healthy work environment with proper ventilation, exhaust facilities, and acid disposal provisions
- 24/7 security personnel, video surveillance, fire alarms, and fire defense systems
- Excellent retail location serving tourists and shoppers
These advantages make the park especially attractive to jewellery manufacturers, gold traders, and precious stone dealers.
Types of Business Licenses in Dubai Gold & Diamond Park
Your licence type follows from your specific business activity:
- Manufacturing Licence: for jewellery and precious metal production activities
- Retail Licence: for businesses operating physical stores within the park’s retail centre
- E-Commerce Licence: for online jewellery and precious stones sales
- National Industrial Licence: where the majority of shares are owned by a GCC national
- Innovation Licence: for design-focused and innovation-driven businesses in the sector
We confirm which licence category fits your specific activity before you apply.
Gold & Diamond Park vs DMCC for Jewellery Businesses
Choosing between Gold & Diamond Park and DMCC depends on your business model. Gold & Diamond Park’s sector-specific infrastructure and co-location with established jewellery brands give it a meaningful advantage for businesses whose primary focus is physical jewellery manufacturing and on-the-ground retail in Dubai.
DMCC is the stronger choice if your business model centres on commodity trading, financial products linked to gold and precious metals, or if you need a multi-sector free zone with a broader client base. For a full comparison of DMCC, see our Dubai Multi Commodities Centre page.
Documents Required for Dubai Gold & Diamond Park Company Registration
Setting up a company in Gold & Diamond Park requires a defined set of documents:
- Passport copies of shareholders
- Passport copy and CV of the manager
- Personal information sheet for each shareholder and manager
- Proof of trade name reservation
- Proof of initial approval for the intended activity
- Notarized Memorandum of Association (MOA) and Articles of Association (AOA)
- Notarized and attested Power of Attorney appointing your consultant as legal representative
- Lease agreement for a physical retail or manufacturing unit
For corporate shareholders, additional documents apply: an attested and notarized Memorandum and Articles of Association, a board resolution expressing intent to establish a UAE entity, and a certificate of registration or incorporation, all attested by the UAE Embassy at the place of origin.
Process of Dubai Gold & Diamond Park Company Formation
- Choose your business activity. Confirm whether manufacturing, retail, e-commerce, or another jewellery-related activity fits your plans.
- Select your legal structure. Decide between an FZE, FZCO, or branch office, registered through JAFZA.
- Reserve your trade name. Confirm your company name meets naming rules and is available.
- Obtain initial approval. Secure confirmation from JAFZA before proceeding with documentation.
- Prepare your legal documents. Draft and notarize the MOA and AOA, along with any required Power of Attorney.
- Secure your unit. Manufacturing units and retail space are in high demand, so early confirmation matters.
- Receive your trade licence. Once documentation and fees are processed, your licence is issued.
- Apply for visas. Process residence visas for shareholders, managers, and employees.
The overall process typically takes two to four weeks, depending on your activity and how quickly documents are ready.
Support Services for Dubai Gold & Diamond Park Business Setup
FAR Consulting Middle East manages the full company formation process. Our support includes:
- Applying for and following up on your Certificate of Business Registration
- Representing you in front of JAFZA authorities
- Assisting with corporate bank account opening
- Assisting with registration with the Ministry of Labour
- Assisting with registration with UAE immigration
- Assisting with leasing a retail or manufacturing unit within the park
We stay involved well beyond licence issuance too, including ongoing compliance and renewal support.
Cost of Dubai Gold & Diamond Park Business Setup
The cost of company formation in Gold & Diamond Park depends on several factors, including your licence type, business activity, retail or manufacturing unit choice, and the number of visas required. Manufacturing units generally carry different cost structures than retail units, given the additional infrastructure and safety requirements involved.
Because these variables differ from one business to the next, we review your specific requirements first and then provide a clear, itemized cost estimate, with no hidden fees.
Related UAE Business Setup Services
- Business Setup in Dubai – mainland, free zone, and offshore options in Dubai
- Dubai Free Zone Business Setup – compare Dubai’s free zone options
- Dubai Auto Parts City – setup for auto parts trading businesses
- Dubai Production City – setup for media and packaging businesses
- UAE Free Zone Business Setup – compare free zones UAE-wide
- Company Liquidation Services – guidance if you ever need to close or restructure your company
- PRO Services – government liaison and document clearing support
Frequently Asked Questions
No. Gold & Diamond Park operates within the JAFZA framework. Companies register through JAFZA, which extends full free zone facilities and benefits to the park.
Gold & Diamond Park suits businesses focused on physical jewellery manufacturing and retail, while DMCC suits commodity trading and financial products linked to gold and precious metals.
Yes. As part of the JAFZA framework, Gold & Diamond Park allows 100% foreign ownership.
The process typically takes two to four weeks, depending on your business activity and how quickly documents are ready.
Available licences include Manufacturing, Retail, E-Commerce, National Industrial, and Innovation licences, depending on your business activity.
Cost depends on your licence type, business activity, unit choice, and number of visas. We provide a clear, itemized estimate once we understand your specific plans.