Business setup in Gold and Diamond Park for UK businesses and British entrepreneurs
- Service Overview
Business setup in Gold and Diamond Park for UK businesses and British entrepreneurs
Gold and Diamond Park is Dubai’s dedicated home for jewellery, gold and diamond businesses, combining manufacturing, retail and trade under one roof. For a British jeweller or precious-metals trader, it offers a secure, sector-specific base. GateStone handles your licence, retail or workshop space, visas and bank account from the UK, so you can launch in Dubai without flying out.
Proven Support for Business Owners
Can UK citizens open a business in Gold and Diamond Park?
British citizens can register a company as an individual shareholder or through an existing UK holding company. You can start a new jewellery business or open a branch of an existing UK one. You do not need UAE residency before you start.
Can you own 100% of the company?
You keep full ownership of every share. Gold and Diamond Park allows complete foreign ownership, with no requirement to hand a stake to a local partner or service agent.
Can you set up remotely from the UK?
For most activities, yes. We collect your documents digitally, submit the application and arrange your licence without you leaving the UK. A licence tied to retail or workshop space may need a site visit, which we arrange around one trip, along with the bank account and Emirates ID medical.
What documents are required?
Passport copies for each shareholder, a recent proof of address, a short activity description and your chosen company name. Precious-metals activities may need additional approvals, and UK directors adding a corporate shareholder will also need certified incorporation documents. We give you a tailored checklist.
How long does setup take?
A standard Gold and Diamond Park licence is typically ready within one to three weeks once your documents are in order. Fitting out retail or workshop space takes longer on its own timeline. We tell you which licence types move quickest for your trade.
- SETUP QUESTIONS
Can UK businesses open a company in Gold and Diamond Park?
Yes. British nationals and UK-registered companies can own a Gold and Diamond Park entity outright, with no local sponsor and no Emirati shareholder. The park was built for the jewellery and precious-metals trade. Whether you need retail space, a workshop or both, the park can house them.
- OUR ADVANTAGE
Why UK businesses choose GateStone for Gold and Diamond Park company formation
With more than 1,000 clients supported worldwide and over 35 years of combined team experience, we are one of the few UAE business setup specialists with people on the ground in both countries, so you get UK-hours communication and Dubai-based execution on the same job.
You deal with an English-speaking team that understands how a British business operates, from HMRC obligations to how UK banks view an overseas entity. Our Dubai team then handles the local filing, approvals and government liaison.
The park has its own activity groups for jewellery manufacturing, retail and precious-metals trade. We match your licence to how you actually operate, so your permissions cover your business and leave room to grow.
A licence on its own does not run a jewellery business. We arrange your corporate bank account, your residence visas and your ongoing compliance so you are trading, not chasing paperwork.
You get a written cost breakdown before you commit, with no hidden government fees appearing later. What we quote is what you pay.
- Why choose Us
Why choose Gold and Diamond Park over other UAE free zones?
The park brings jewellery manufacturing, retail and precious-metals trade into one secure, sector-specific location. For a jeweller, having workshop and retail space alongside the trade community is the draw. For founders who want a broader view first, our Dubai free zone routes guide sets the main options side by side.
Jewellery manufacturing and retail, gold and diamond trading, and precious-metals and gemstone businesses fit the park best.
The park is the strong choice for physical jewellery and precious-metals work. If you trade commodities on paper rather than making or selling jewellery, a commodities zone may suit you better. We weigh the right ones against your model before you commit.
For a British founder, the park offers full ownership, no personal income tax on your UAE earnings, and manufacturing and retail space in a secure setting. It also gives you a residence visa, which unlocks local banking and long-term presence.
If you make, sell or trade jewellery and precious metals, it usually is. If you trade gold purely as a commodity, we may point you to a commodities zone instead. A quick call is the fastest way to know for certain.
Professional services
Jewellery design, valuation and trade-support services license here and sit close to the workshops they support.
Consultancy and advisory businesses
Precious-metals, gemstone and jewellery-trade consultancies fit the tenant base and find clients on site.
Trading activities
Gold, diamond, gemstone and jewellery trading is the park's core, with secure space to hold and display stock. Traders whose model is broad port cargo sometimes compare this against Jebel Ali Free Zone formation, and we help you judge which fits.
E-commerce businesses
Online jewellery retailers use the park to hold stock securely and ship across the region, with retail space available on site.
Technology and digital companies
Jewellery-trade platforms, valuation and precious-metals-tracking firms fit the park and sit near the businesses they serve. Design and rendering systems for jewellers also base themselves here.
- SETUP QUESTIONS
Business activities available in Gold and Diamond Park
The park’s licences cover jewellery and precious-metals activities. These are the ones UK founders ask about most.
- OUR SETUP PROCESS
How GateStone helps you set up in Gold and Diamond Park
We confirm the exact activities your licence needs to cover, including any precious-metals approvals, so you can trade legally from day one.
We match you to the right park licence based on how you actually operate. If your model also involves vehicle or parts trade, this is where we flag whether Dubai Auto Zone setup fits a separate line of business.
We prepare and submit your full application, handle the name reservation and manage every approval on your behalf.
Once approved, your licence is issued and your company legally exists in the UAE. You are then cleared to move to visas and banking.
We arrange residence visas for you and any staff, including the Emirates ID and medical steps.
We introduce you to banking partners suited to UK-owned entities and help you through the account opening, often the slowest part when founders go it alone.
- COST BREAKDOWN
How much does it cost to set up a business in Gold and Diamond Park?
Cost depends on your licence, the number of visas you need and whether you take retail or workshop space. Below is how the pricing breaks down.
Your park licence is the core annual fee. It varies by activity, and we quote it in writing before you commit.
Each residence visa carries its own government and processing fee. The number you can hold links to your licence and any leased space.
The park offers desks, retail units and workshops. A desk keeps first-year costs low, while retail or workshop space needs more.
Your licence, visas and workspace renew annually. We set out the full renewal figure upfront so year two never catches you out.
We give you a single first-year total combining licence, visas and workspace, each line itemised. If part of your trade is textiles or fabric, we can price a specialist option such as the Dubai Textile City zone beside it for comparison.
Opening a UAE corporate bank account
UAE banks apply real scrutiny to precious-metals businesses. We prepare your application so it meets what the bank expects, which cuts delays and rejections.
Banking requirements for UK directors
Expect to provide your UK proof of address, business background and a clear description of your trade and expected turnover. Most banks will want to meet you once in person.
Visa eligibility and residency options
Your park licence entitles you to residence visas for yourself, staff and dependants, subject to your licence and space. These give you Emirates ID, local banking access and the right to live in the UAE.
Annual renewals and compliance
Park companies must renew the licence each year, hold any precious-metals approvals and meet UAE reporting duties, including corporate tax registration where it applies. We manage the calendar so nothing lapses.
Common mistakes to avoid
The usual errors are choosing the wrong activity, underestimating secure-space costs and picking the wrong zone. A trader dealing in gold purely as a commodity, for example, often belongs in DMCC free zone setup rather than a jewellery park. We catch these before they cost you.
- BANKING & COMPLIANCE
Banking, visas and compliance for Gold and Diamond Park companies
- FAQs
Frequently asked questions about Gold and Diamond Park company formation
Yes. A park company is fully owned by its foreign shareholders, with no local partner required.
Yes. Many clients run their park company from the UK and visit Dubai only when the business needs it. Your residence visa does not force you to relocate.
Yes, and we help you do it. A corporate account is realistic for UK-owned park companies when the application is prepared properly.
The number is tied to your licence and any retail or workshop space you lease. A desk supports a smaller allocation, while leased space supports more.
A free zone company cannot sell directly into the mainland without a local distributor or a mainland presence. If mainland retail is central to your plan, a Dubai mainland setup is the route we would discuss instead.
Renewal covers your licence, visas and workspace. We give you the full figure at the start so it is never a surprise in year two.
It depends on who you sell to. The park is better for jewellery trade and a secure sector base. Mainland is better for high-street retail across the UAE. We help you weigh both.
A park licence is usually ready within one to three weeks once documents are complete, with visas and banking following on.
Start your Gold and Diamond Park company formation journey with GateStone
Getting a British jewellery business into Gold and Diamond Park is straightforward when someone who does it every week runs the process for you. Our UAE company setup experts handle the licence, retail or workshop space, visas and bank account end to end, with a UK team you can actually reach. Book a free consultation and we will map out your setup, your costs and your timeline before you commit to anything. It is the same process we have run for over 1,000 clients worldwide.