DET: 4690001 Medium Risk
General Trading
Flexi-Desk eligible
Gold and Diamond Park
Gold and Diamond Park is Dubai’s specialized destination for precious metals, fine jewelry crafting, gem trading, and luxury retail on Sheikh Zayed Road.
✓ 7–12 day license turnaround✓ Digital Bank 98% Approval✓ CBUAE framework
1. Key Freezone Specifications
- Licensing Authority
- Gold and Diamond Park (GDP)
- Emirate
- DUBAI
- License Issuance Timeline
- 7–12 working days
- Residence Visa Timeline
- 7–14 working days
- Virtual Desk / Flexi-Desk
- Not available
- Office Threshold
- Required only for 1+ visas
- Warehouses & Industrial Units
- Commercial & desk only
- Paid-Up Share Capital
- Not required on bank deposit (0 AED)
- Annual Audit Requirement
- Mandatory
- Physical Presence Required
- 100% remote company incorporation. 1-day UAE visit required only for Emirates ID biometrics.
2. Cost Breakdown & Tariffs
No Hidden Fees| Cost Item | Purpose | Official Fee |
|---|---|---|
| Company Trade License | Corporate registration & 1-year Flexi desk lease | 25,000 AED |
| Establishment Card (Immigration Card) | Company immigration file registration with GDRFA/ICP for visas | 2,200 AED |
| Residence Visa (Entry Permit + Visa Stamping) | UAE 2-year residence visa government quota & approval | ~4,000 AED / visa |
| VIP Medical & Emirates ID | VIP Medical fitness test + Emirates ID card issuance (2 yrs) | ~1,200 AED / person |
Turnkey Package Estimates:
0 Visas
25,000 AED
Pure license for tax residency or remote contracts
1 Investor Visa
32,400 AED
License + Est. Card + 1 Visa + VIP Medical & EID
2 Residence Visas
37,600 AED
For 2 partners or founder + key employee
3. Banking Assessment & Onboarding
Digital Banking (Digital Bank) 98% Approval
Tier 1: Instant remote digital approval
- • Timeline: opened in 3–7 working days
- • Multi-currency accounts (AED, USD, EUR, GBP) with zero minimum balance
- • Automated KYC verification via official freezone API
Traditional Tier-1 UAE Banks High Rating
Emirates NBD, Mashreq, FAB, ADCB
- • Opening timeline: from 2 weeks
- • Requires personal banker meeting and proof of residential address
- • Typical average balance requirement: 25,000–50,000 AED
4. Pros & Considerations
✓ Key Advantages
- • Dedicated hub on Sheikh Zayed Road for precious metals, diamonds, and fine jewelry manufacturing
- • State-of-the-art secure vaults and high-security manufacturing workshops
- • Direct consumer retail showrooms alongside wholesale trading units
- • Managed in partnership with JAFZA regulatory administration
! Important Considerations
- • Physical secure unit lease required (no flexi-desk)
- • Stringent SIRA and AML background checks for precious metal trading
5. Compatible Activities
Top business activities approved for licensing under Gold and Diamond Park
Looking for another activity? Gold and Diamond Park supports over 2,000 commercial and professional activities from the official DET classification. Contact us via WhatsApp for a tailored activity code confirmation.
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