How to Start Gold Business in Dubai

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How to Start Gold Business in Dubai
Dubais precious metals market provides huge
opportunities for gold trading business for
business people looking to expand their business.
Many entrepreneurs and investors want to know how
to start gold business in Dubai as this business
has been flourishing for a long time to allure
businessmen from all over the world. Below we
mentioned some important factors that you should
understand and consider for a complete and
appropriate plan to establish your gold business.
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• owadays in Dubai, the trading of metals such as
  diamonds and gold is the most prominent import.
• With trading contributing up to 20 percent of the
  total non-oil export of the UAE, gold trading, as
  well as other precious jewelry and metals, are a
  vital segment of the UAEs economy.

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• A gold business establishment is an attractive
  business opportunity. The government of Dubai
  celebrates the Dubai shopping festival every
  year, which is a paradise for shoppers for all
  things nerdy.
• After the oil industry, the Dubai government is
  looking to other industries to drive overseas
  capital. And the trends are pointing ahead at the
  jewelry industry.

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The Process to Start a Gold Business in Dubai

• To start a gold business in Dubai, require a
  little process. Below mentioned a few steps that
  you need to follow are
• 1. Decide Your Company Name
• Deciding on an attractive name for the company is
  a vital phase while setting up a gold business in
  Dubai. avoid using any kind of complex or
  offensive language in the name of your company.
• Dont use those that are existing companies
  already. If you are naming your company after the
  persons name, be sure to utilize that persons
  complete name.
• in addition, check for the names availability
  while registering. The business setup consultants
  at Start Any Business UAE can provide you
  assistance in this crucial step.

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• 2. Apply for Your License
• Applying for the license is the second very
  crucial step to obtain your gold business license
  in Dubai.
• if you are establishing your gold business in the
  mainland, then you need to submit your license
  application to the Department of Economic
  Development.
• If you want to start in the free zone, then you
  should submit your license application to the
  free zone managing authority you have chosen.

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• 3. Apply for Visa
• After applying for your business license, then
  you require to apply for a visa for yourself and
  your staff.
• There is a special, yet simple process for this.
• Once you have obtained your Dubai business
  license, you are entitled to sponsor others as
  well.
• You can apply for multiple visas based on the
  business activities and the size of your company.

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Required Documents to Start Gold Business in Dubai
The basic documents required to start gold
business in Dubai are mentioned below

• You require to submit the copies of valid
  passports of owners and business partners.
• You have to update the resume of your companys
  manager.
• You need to register the name of your trade and
  obtain the legal documents to present as proof.
• You have to get all the documents, permissions,
  and certifications for initial approval from the
  relevant legal departments.
• You need to make a draft of the Memorandum of
  Association for your company, and also the
  Article of Association.
• Attested and notarized power of attorney for
  legal representation.

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Benefits of Starting A Gold Business in Dubai
1.You can receive 100 ownership of your company
or business and reap the maximum advantages of
your gold business in free zones. 2.You can
withdraw all your profits from the business
activities as capital without paying any kind of
taxes. 3.You receive an exemption from income
tax and corporate tax. 4.24/7 operation
facilities provide the advantages of an all-time
open business. 5.With maximum government
support, this is very easy to appoint
expatriates. It doesnt need heavy
documentation. 6.You can get easy reach to all
the helpful functions and business features
almost all times. 7.With a centralized AC
complex, you do not have to worry regarding the
conditions of high-temperature in Dubai. 8.This
provides an exciting work atmosphere with the
system of ventilation and acid waste
disposal. 9.All the sold and manufactured gold
from Dubai diamond and the gold park is
hallmarked. 10.Shuttle services are offered in
and around the campus. 11.You receive
world-class retail center features to offer
quality services to your clients.
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Benefits of Starting A Gold Business in Dubai

• For beginners, the procedure can seem stringent
  and can require some support from experienced
  business setup consultants in Dubai.
• We at Start Any Business UAE are here to assist
  you from beginning to end.
• If you are interested in examining this
  opportunity, consult with us, and we would be
  happy to help you on all professional fronts.

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