The UAE is a major international center for the trade in jewelry and gemstones. Its city of gold Dubai offers the perfect setting for entrepreneurs dealing in precious metals and similar items. They can launch a gemstone business in Dubai because of its advantageous location, business-friendly regulations, and luxury market.
Dubai provides a wealth of options for dealing in high-end jewelry, cut and polished precious stones. Emirati nationals can open a business in Dubai for preparing raw gemstones for trading top class ornaments. Also, expatriates can invest in this very profitable business venture to make money.
Process to register license for gemstone business in Dubai
This is the step-by-step procedure for successfully registering a license for gemstone business in Dubai.
Conclusion
Due to high demand for luxury items, Dubai provides excellent business climate for investors in jewels and gemstones. Thus, beginning a precious stones shop in Dubai may turn out quite profitable. You may create a long-lasting and rewarding gemstone business in Dubai by focusing on several factors.
Properly carry out market research, make the best business plan, register your gemstones company and secure legal approvals. Efficiently run the business operations by locating premium gemstones, and putting marketing techniques into action. With the correct strategy, you can take advantage of Dubai’s flourishing gemstone market.
Are you looking to establish a gemstone business in Dubai? You can build reputation in the UAE’s jewelry and precious stones market with reliability, quality, and authenticity. Do not worry, you can set off with the help of KWS Middle East now.
FAQs about jewelry and gemstone industry of Dubai
These are the answers to the common questions about jewelry and gemstone industry of Dubai.
Yes, the free zones and mainland Dubai allow 100% foreign ownership. The latest permission to run onshore operations has put free trade zones on par with Dubai mainland. However, you may have to appoint a local partner for carrying out some gemstone sourcing and refining activities in mainland.
Yes, a trade license is necessary from the Department of Economic Development (DED) or the chosen free zone authority.
Yes, the import of gemstones in Dubai has to abide by the Kimberley Process regulations and the UAE norms.
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