Business Setup in Dubai Gold and Diamond Park (DGDP) - Established in 2011, Dubai Gold and Diamond Park (DGDP) focuses on providing a comprehensive facility for precious metals & stones business. This is the largest free zone dedicated for gold and diamond business. Interestingly, Gold and Diamond Park considers the requirements of both investors and retail buyers. The free zone has retail center specializing in gold and diamond jewelry. DGDP is well-known for the quality and variety of products and designs which can’t be find anywhere else in the globe. The Gold and Diamond Park has an outdoor courtyard and a selection of cafe and restaurants which add to the comfort and convenience of shopping.
The Gold and Diamond Park is conveniently located on Sheikh Zayed Road. The free zone accommodates more than hundred manufacturing units, more than 90 retailers and over 350 commercial offices. So, DGDP is a favorite destination of entrepreneurs from jewelry industry and other industrial segments.
The Dubai Gold and Diamond Park area is part of the EMAAR Properties PJSC. Jebel Ali Free Zone Authority (JAFZA) extends Free Zone Company License, visa application and other services to Dubai Gold and Diamond Park entities. EMAAR Properties PJSC has a long standing agreement with Jebel Ali Free Zone (JAFZA), which permits free zone status and benefits to DGDP companies. In essence, Dubai Gold and Diamond Park offers all benefits of setting up a company in free zone jurisdiction.
Though, Gold and Diamond Park caters to the special needs of the gold and jewelry industry, it also offers leasing of office spaces to other business professionals looking to be part of the vibrant DGDP community.
Advantages of starting business in Dubai Gold and Diamond Park
100% foreign ownership is permitted
Full repatriation of capital and profits
Exemption from corporate taxes and personal income tax
Exemptions from import and export duties
No currency restrictions
Better access to other business hubs in Dubai
Permission for 24X7 operations
Hallmarking facilities of Dubai Municipality is available
Company registration and licensing through JAFZA
You may also be interested in the following related articles:
Mr. Baiju Masoodu is a Free Zone Business Setup Consultant. Our ‘corporate service firm’ can advise and assist you to set-up a business in Dubai Gold & Diamond Park and other Free Zones in Dubai and UAE. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: email@example.com