Dubai is one of the world’s most trusted centers for gold, diamonds, and precious metals. If you’re planning to enter this market, getting a DMCC precious metal and precious stones license is the most secure and profitable way to do it.
Why DMCC Is the Best Choice for Precious Metals and Stones Trading
The Dubai Multi Commodities Centre license gives you a platform to trade globally with confidence. DMCC has built a solid reputation as the UAE’s leading free zone for commodities, especially precious metals and gemstones.
What Makes DMCC So Powerful?
- It’s home to the Dubai Diamond Exchange and Dubai Gold & Commodities Exchange
- Over 1,200 companies operate in gold, silver, diamonds, and colored stones
- Zero tax environment and full foreign ownership
- Strong regulations to support clean and ethical trade
So, whether you’re planning to import, export, store, or sell gold, silver, or diamonds, DMCC company formation for gems and metals gives you the legal and logistical structure to grow your business.
How to Start a Precious Metal Business in Dubai
If you want to know how to start a precious metal business in Dubai, it begins with understanding the process inside the DMCC Free Zone.
Step-by-Step Setup Process
- Choose your business activity (e.g., Gold Trading, Diamond Trading)
- Reserve your company name
- Apply for initial approval from DMCC
- Submit your legal documents
- Select your office space or flexi-desk
- Pay the license and registration fees
- Receive your business license and start operations
This straightforward system makes it easy to launch a precious metals license Dubai with zero hidden challenges.
Types of Precious Metal and Stones Activities Under DMCC
The DMCC offers multiple categories under its Dubai jewelry trading license and related activities. Depending on your focus, you can choose one or more of the following:
DMCC-Approved Activities
- Trading in raw or polished diamonds
- Gold and precious metal trading
- Manufacturing of jewelry
- Storage and vault services
- Precious metals consultancy
- Trading in colored stones (emerald, ruby, sapphire)
By selecting the right combination, you position your company for regional and global growth.
Licensing Options and Costs in DMCC for Precious Stones
Getting your DMCC precious metal and precious stones license involves one-time and recurring costs. Let’s look at the estimated breakdown.
DMCC License Cost for Precious Stones
- License Fee: AED 15,000 – AED 25,000/year
- Registration Fee: AED 9,000 (one-time)
- Flexi-desk or Office Rent: Starts at AED 16,000/year
- Share Capital Requirement: AED 50,000 (may not need to be deposited)
Costs vary based on the type of office, number of shareholders, and additional services. Always confirm the exact DMCC license cost for precious stones with an official consultant or authority.
Benefits of Free Zone License for Precious Metals Dubai
Getting a free zone license for precious metals Dubai through DMCC gives you several clear advantages over mainland setups or other free zones.
Top Business Benefits
- 100% foreign ownership
- No corporate or personal income tax
- Ability to repatriate profits and capital
- Strong regulatory environment with anti-money laundering compliance
- Access to secure storage facilities and trading platforms
If you’re serious about dealing in gold or diamonds, the DMCC license for gold and diamond trading gives you the structure and support to grow fast and stay protected.
Compliance and Regulations for Gold and Diamond Trading in DMCC
Operating under a gold and diamond trading license DMCC means you must follow some basic compliance standards.
Regulatory Requirements
- Maintain full transaction records
- Conduct KYC (Know Your Customer) procedures
- Follow anti-money laundering (AML) guidelines
- Submit annual audits and financial statements
DMCC’s internal regulatory authority monitors businesses to keep everything clean and safe for international trade.
What Documents Are Required for License Approval?
Getting your license involves some paperwork, but the DMCC makes the process smooth and online.
Key Documents You’ll Need
- Passport copies of shareholders and directors
- Proof of residential address (utility bill)
- Business plan (depending on activity)
- No objection certificate (if required)
These documents help establish your eligibility and prove the legitimacy of your Dubai gold and diamond license application.
Office Options for Your DMCC Precious Metals Business
You must lease at least a physical address inside the DMCC zone—even if you’re running an online operation.
Available Space Types
- Flexi-desk: Best for startups or solo traders
- Serviced office: For small to mid-sized teams
- Full-floor office: For growing or enterprise-level businesses
- Storage vaults: For those handling physical gold or diamonds
Selecting the right office option helps lower your DMCC license cost for precious stones while keeping your operations legally compliant.
Can You Run an Online Jewelry or Metal Trading Business?
Yes. DMCC fully supports both physical and digital businesses.
Digital Businesses Allowed
- B2B and B2C trading platforms
- Jewelry e-commerce websites
- Online gold and silver exchange portals
- NFT-based precious stones
Even if you don’t have a physical shop, your Dubai jewelry trading license still lets you trade legally online from Dubai to the world.
Who Can Apply for a DMCC Precious Metals or Stones License?
Whether you’re an individual entrepreneur or a multinational group, the DMCC welcomes serious investors looking to build legal and trusted businesses.
Ideal Applicants Include
- Gold traders
- Diamond dealers
- Jewelry manufacturers
- Exporters and importers
- E-commerce sellers of luxury stones
- Vault service providers
With the right setup, your DMCC company formation for gems and metals can open the door to huge regional and international opportunities.
Trading Precious Stones and Metals in Dubai – Legal Tips
Make sure you follow DMCC’s ethical and operational standards.
Things to Keep in Mind
- Don’t deal in conflict diamonds or unverified metals
- Make sure your suppliers are approved
- Keep your trade records organized
- Consult a DMCC expert if you’re unsure of any rule
Complying with these will protect your precious stones trading license Dubai from penalties or suspension.
Why Dubai Is the Global Hub for Precious Commodities
There’s a reason why so many global investors prefer setting up in Dubai.
Dubai’s Key Advantages
- Stable government and financial system
- Strategic location between East and West
- No restrictions on repatriation
- Zero currency controls
- Access to major airports and ports
With a Dubai gold and diamond license, your business becomes part of a powerful trade network.
Conclusion
Setting up a company in DMCC for gold, silver, diamonds, or colored stones is a smart move. The DMCC precious metal and precious stones license gives you the legal foundation, trust, and flexibility to operate in one of the world’s most respected trading environments.
If you’re planning long-term success, you need a setup that works today and grows with you tomorrow.
FREEZONE BUSINESS SETUP IN DUBAI, UAE is your key to unlocking this opportunity.
FAQs
Can I trade both metals and stones under one license?
Yes, DMCC allows you to combine related activities if properly approved.
Is it possible to run an online jewelry business under DMCC?
Absolutely. DMCC supports digital trading and e-commerce businesses.
What’s the minimum capital required for setup?
Usually AED 50,000. It may not need to be deposited depending on your activity.
How long does it take to get the license?
The process typically takes 2–3 weeks with all documents in order.
Can I repatriate profits back to my country?
Yes. DMCC allows full repatriation of capital and profits.
Is DMCC a recognized regulator for diamonds and gold?
Yes. DMCC is internationally trusted and works with top global institutions.
What is the tax rate for companies in DMCC?
There’s no corporate or income tax in DMCC as of 2025.
Are there storage facilities for gold and diamonds?
Yes. You can lease secure vaults within the DMCC Free Zone.
Is audit mandatory for a gold/diamond license?
Yes. All DMCC companies must submit yearly audits.
Do I need a local sponsor for this license?
No. DMCC allows 100% foreign ownership with no local sponsor required.
