How to undergo hassle-free Jewellery company formation in Dubai?
1-Go for Jewellery Company Registation
In order to launch a jewellery business in Dubai, you can either register your business in Mainland Dubai or in one of the free zones in the Emirates. Suppose you wish to establish it in a free zone, then there is nothing better than the Gold and Diamond Park Free Zone.
A good thing about registering your company in this zone is the exemption from having a local partner or sponsor. It means you get 100% ownership in your jewellery business.
2- Acquire A Suitable License For Your Jewellery Business
Before you get a license for your jewellery company, it’s essential to choose the channel you will be using for your business formation. Enlisted below are two channels you can actually choose from:
- Dubai Multi Commodities Center(DMCC)
A DMCC License is perfect for you in case you are willing to start a jewellery company in a free zone. The perks of starting a business here are 100% ownership, exemption from taxes and you don’t even require any local sponsor. Moreover, you also get membership in the Dubai Diamond Exchange (DDE).
- Dubai Department of Economic Development(DED)
In case you wish to incorporate a shop in the Gold Souk market and deal with customers directly, then getting a license from DED will be the best option. Additionally, you can set international trade close to Port Rashid with a DED license.
3- Hire Qualified And Professional Staff
Will your jewellery business be able to survive with dumb staff members? Of course not. So, it’s important to hire qualified and professional staff for your business. First of all, you have to hire a professional manager who is experienced enough to handle your business.
Hiring a qualified manager is one of the compulsory requirements of the DED that you need to consider, no matter what.
4-Fulfill all the requirements to Sell Jewellery
There are a few requirements that you have to fulfil in order to sell jewellery inside and outside Dubai. Let’s explore a few of them:
1. Use world-class quality material needed for the creation of various jewellery pieces.
2. Make sure you are abiding by the EXIM rules and regulations for ensuring the hassle-free trading of your ready-made jewellery. Initially, you need to obtain a customs code number and get all your jewellery passed through the inspection.