The Dubai Gold and Diamond Park

The Dubai Gold and Diamond Park is free economic zone that is centrally located in Dubai and comprises of an enclosed retail facilities. It also consists of a three storey manufacturing block (G+2), with more than a hundred manufacturing units. The units’ sizes range from 310 square feet to 1283 square feet. The Dubai Gold and Diamond Park has following advantages:

• High-class building facilities
• Safety and security through 24-hour security (patrols & video surveillance), fire alarms and fire defence systems
• Central location
• Next to a metro station
• Operational and active place

As the name says for itself, the Dubai Gold and Diamond Park mainly focuses on providing facilities for precious metal traders. All retail outlets and manufacturing units are functioning and mostly occupied. Most of the time, new investors have to wait until a unit becomes available to lease.

The Dubai Gold and Diamond Park has full support and recognition from the World Gold Council, the Dubai Gold and Jewellery Group and The Diamond Trading Company.

The Dubai Gold and Diamond Park has been developed by EMAAR Properties PJSC, which is well-reputed real estate developer in the UAE for delivering high class real estate developments. The Dubai Gold and Diamond Park offers all free zone facilities and benefits for foreign investors including 100% foreign ownership, no taxation, no restriction on capital movement etc. Jebel Ali Free Zone acts as a registrar and a licensing body of the Gold and Diamond Park. Moreover, Jebel Ali Free Zone also facilitates residency visa application and processing.

Thus, as a free zone, the Park offers following benefits:

• 100% company ownership by foreign investors
• Freehold commercial premises
• Company registration and licensing is done through JAFZA that acts as single-window point
• 50 year tax exemption on personal and income tax
• No currency and foreign exchange controls
• No restrictions on capital repatriation
• Purpose built infrastructure
• World class security systems
• Preferential freight rates
• Regulated environment

The Gold & Diamond Park is the ultimate destination not only for every jewellery traders but also for any other business industries looking to setup in an accessible and central location of Dubai. Conveniently located on Sheikh Zayed Road, the Park is a must-see to every businessperson, shopper and a must-go place in every tourist’s list. Since its launch in 2011, the Gold & Diamond Park has earned a reputation as Dubai’s leading destination for gold and diamond jewellery trade.

Our Expertise

At Mimo Legal Consulting we have the expertise you need to setup your business in the UAE. We will help you to choose the right legal structure and license based on your requirements and business objectives. We also assist you in opening your bank account and acquiring residency visas in the UAE. If you are interested in setting up your business in the UAE, please contact us for further information.