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Gold & Jewellery Trading in the UAE for Saudi nationals

Wholesale and retail trading of gold, diamonds, precious stones and jewellery

DMCC Free Zone issues commercial, professional and industrial licences from its base in Dubai, and GoldenKey processes new registrations there every week. In practice, if you are weighing up where to register in the UAE, DMCC Free Zone deserves a close look for its world's #1 free zone (Fitch) and straightforward renewal process. Saudi-UAE trade is the largest intra-GCC flow, and many Saudi groups use Dubai as a regional and international base, which gives Saudi entrepreneurs a ready market and supply chain the moment their DMCC Free Zone licence is issued. In practice, typical examples of this activity include bullion trading, diamond wholesale, jewellery retail and refinery supply, which can usually sit together on one DMCC Free Zone licence.

Why DMCC Free Zone

In practice, over 22,000 member companies from 170+ countries. One of the reasons our advice is to choose DMCC Free Zone is its world's #1 free zone (Fitch), which matters more than most founders realise once the business is running.

How DMCC Free Zone works with GoldenKey

  1. Step 1: Consultation and activity selection
    Step 1

    Consultation and activity selection

    We confirm that your activity is available in DMCC Free Zone, choose the licence type and agree the visa package and office option that match your plan. For opening a gold and jewellery trading company in the UAE as a Saudi founder, GoldenKey completes this stage with you on WhatsApp or by email.

  2. Step 2: Name reservation and initial approval
    Step 2

    Name reservation and initial approval

    Your trade name is reserved with the DMCC Free Zone authority and initial approval is obtained; this stage rarely takes more than two business days.

  3. Step 3: Document submission and payment
    Step 3

    Document submission and payment

    You sign the file forms and memorandum, we submit the attested documents and the licence fee is paid to the authority. This is also the point at which we answer any question specific to opening a gold and jewellery trading company in the UAE as a Saudi founder.

  4. Step 4: Licence issued and next steps
    Step 4

    Licence issued and next steps

    Your DMCC Free Zone licence, certificate of incorporation and lease are granted, and we move straight on to the establishment card, visas and bank introduction.

Documents required

Gather these documents and GoldenKey will take care of the rest of opening a gold and jewellery trading company in the UAE as a Saudi founder.

  • Proof of address such as a utility bill or bank statement, requested by some zones
  • Educational certificates attested by the Saudi Arabia authorities and the UAE embassy, for professional activities
  • A passport-size photograph on a white background
  • In practice, aML compliance program
  • A passport issued by Saudi Arabia with at least six months' validity
  • A clear passport copy for each shareholder and manager, valid for at least six months

Pricing

The figures below for opening a gold and jewellery trading company in the UAE as a Saudi founder are updated by GoldenKey whenever the licensing authority changes its fees, so the price you see is the current one. Just as important, all prices for opening a gold and jewellery trading company in the UAE as a Saudi founder are indicative, shown in AED and confirmed in writing ahead of payment.

Pricing available on request — message us for a written quotation.

Why the UAE

There are no restrictions on repatriating profits or capital, so earnings from opening a gold and jewellery trading company in the UAE as a Saudi founder can be moved to your home country or reinvested freely. Residence visas for owners and families come with the company, which makes opening a gold and jewellery trading company in the UAE as a Saudi founder a route to relocation as well as a business decision.

Why GoldenKey

Most of our DMCC Free Zone customers come to us through referrals from other business owners, which is why we take pride in keeping every promise we put in writing. GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with opening a gold and jewellery trading company in the UAE as a Saudi founder, so the paperwork, approvals and timing hold no surprises for us. Our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for opening a gold and jewellery trading company in the UAE as a Saudi founder happen the same day they are ready.

Tell us about your plans for opening a gold and jewellery trading company in the UAE as a Saudi founder and GoldenKey will come back to you shortly with a clear price, a document checklist and a realistic timeline.

Frequently asked questions

How long does the DMCC Free Zone licence take?

Day to day, once your documents are complete, the authority typically issues the licence within 7 working days. Visas and bank account opening follow afterwards.

Do I need to visit the UAE to set up in DMCC Free Zone?

In short, most DMCC Free Zone licences can be issued remotely with scanned paperwork and a signed power of attorney. You will need to enter the UAE for the medical test and Emirates ID biometrics when your UAE residence visa is completed.

Can I open a UAE bank account with a DMCC Free Zone company?

Yes, DMCC Free Zone companies open accounts with UAE banks every day. Approval depends on the bank's compliance review of your profile, business plan and documents, and GoldenKey prepares the file and introduces you to a suitable bank.

Is gold & jewellery trading allowed in DMCC Free Zone?

Yes. Saudi nationals can own 100% of a gold and jewellery trading company in the UAE. {brand} recommends DMCC Free Zone for this activity and confirms any sector approvals before you commit.

Can a Saudi citizen own 100% of a company in DMCC Free Zone?

Yes. Saudi nationals can own the full share capital of a DMCC Free Zone company with no local partner, exactly like any other nationality.

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