How to Get a Gold Silver Jewellery & Accessories Trading License in Dubai

Dubai has long been regarded as one of the world's premier destinations for gold and silver trade, earning its reputation as the "City of Gold" through decades of robust market infrastructure and strategic geographic positioning. For entrepreneurs and established businesses looking to capitalise on this thriving sector, obtaining a Gold Silver Jewellery & Accessories Trading License at Dubai South Business Hub Free Zone is a highly effective route to market entry.

This guide covers everything you need to know about activity code 4773.11, the trading licence category, setup costs, compliance requirements, and why Dubai South is an ideal base for this trade.

Dubai's Gold and Jewellery Market: The Opportunity

The UAE is consistently ranked among the top global hubs for gold trading. Dubai alone handles a significant portion of the world's physical gold trade, supported by world-class logistics, a tax-efficient environment, and proximity to key supply and demand markets across Asia, Africa, Europe, and the Middle East.

The retail and wholesale jewellery sector in the UAE generates billions of dirhams in annual revenue, with gold and silver jewellery forming the backbone of consumer and investor demand. The city's free zones amplify this advantage by offering streamlined licensing, full foreign ownership, and access to re-export corridors.

Key Stats at a Glance

• Activity Code: 4773.11 - Trading of Gold, Silver Jewellery & Accessories

• Licence Type: Trading Licence

• Category: Trading

• Free Zone: Dubai South Business Hub

• Foreign Ownership Permitted: 100%

• UAE Gold Trade Value: Among the top 3 global gold trading hubs

• Typical Licence Setup Timeline: 3 to 7 working days (free zone)

• Re-export Access: Direct connectivity via Al Maktoum International Airport and Jebel Ali Port

What the Licence Covers

The Gold Silver Jewellery & Accessories Trading Licence (activity code 4773.11) authorises the holder to engage in the buying, selling, and trading of jewellery and accessories manufactured from gold and silver. This includes finished jewellery items, semi-finished pieces, and related accessories designed for retail or wholesale distribution.

The licence falls under the broader retail trade category and is specifically aligned with the trading of precious metal goods in both consumer and business-to-business contexts. Holders may trade within the free zone, export internationally, and re-export goods through Dubai's logistics network.

Who This Licence Is Suited For

This licence is well-suited for a wide range of business profiles, including:

• International jewellery brands seeking a UAE distribution base

• Wholesale traders importing gold and silver jewellery for regional distribution

• Entrepreneurs establishing an e-commerce jewellery business with a UAE presence

• Manufacturers looking to trade finished goods from a free zone platform

• Investors diversifying into precious metal retail and wholesale trade

Why Choose Dubai South Business Hub Free Zone

Dubai South is strategically located adjacent to Al Maktoum International Airport, one of the world's largest cargo airports, and within close proximity to Jebel Ali Port, the busiest port in the Middle East. This positioning makes it an exceptional choice for businesses involved in high-value goods such as gold and silver jewellery.

The free zone offers 100% foreign ownership, zero personal income tax, full repatriation of profits and capital, and simplified customs procedures. Businesses benefit from a business-friendly regulatory environment designed to reduce administrative burden and accelerate market entry.

Licensing and Compliance Requirements

To obtain a Gold Silver Jewellery & Accessories Trading Licence at Dubai South Business Hub Free Zone, applicants are generally required to provide the following:

• Completed licence application form

• Passport copies of all shareholders and directors

• Proposed company name (subject to availability and naming conventions)

• Business plan or activity description

• Proof of address for shareholders

• No objection certificate if the applicant is currently employed in the UAE

Depending on the nature of the business and volume of trade, additional compliance considerations may apply, particularly in relation to anti-money laundering (AML) regulations that govern precious metals trading in the UAE. Businesses trading in gold and silver are subject to the UAE's AML framework, which requires due diligence on suppliers and customers and maintenance of proper transaction records.

Setup Costs and Steps

The cost of setting up a trading licence at Dubai South Business Hub Free Zone varies based on the package selected, office or desk space requirements, and the number of visa allocations needed. Typical costs include the licence fee, registration fee, and any applicable facility costs.

The general setup process follows these steps:

• Step 1: Select your business activity and confirm the licence type (trading, activity code 4773.11)

• Step 2: Choose a company name and check availability

• Step 3: Submit your application with required documentation

• Step 4: Receive initial approval and pay licence fees

• Step 5: Sign the licence agreement and receive your trade licence

• Step 6: Open a corporate bank account and apply for visas if required

The entire process can typically be completed within 3 to 7 working days for straightforward applications, making Dubai South one of the faster free zones for business setup.

Profit Margins and Re-export Potential

Gold and silver jewellery trading can offer strong margins, particularly for businesses that source directly from manufacturers in key producing countries such as India, Turkey, Italy, and China. The UAE's zero import duty on gold and favourable re-export framework allow traders to move goods efficiently across markets in Africa, South Asia, and Europe.

Dubai's reputation for quality assurance and its established hallmarking standards further enhance the credibility of goods traded through UAE-based entities, supporting premium pricing in export markets.

Frequently Asked Questions

How much does a Gold Silver Jewellery Trading Licence cost at Dubai South?

Licence costs at Dubai South Business Hub Free Zone vary depending on the package, office type, and visa requirements. It is advisable to contact the free zone authority directly or work with a registered business setup consultant to obtain a current fee schedule tailored to your requirements.

Can a foreign national own 100% of the company?

Yes. Dubai South Business Hub Free Zone permits 100% foreign ownership, meaning international investors and entrepreneurs can fully own their trading company without requiring a UAE national partner or sponsor.

Are there any special approvals required for trading gold and silver?

In addition to the standard trading licence, businesses dealing in gold and silver must comply with the UAE's AML and Countering the Financing of Terrorism (CFT) regulations. Depending on the scale of operations, registration with the relevant UAE regulatory bodies may be required. It is recommended to seek legal or compliance advice prior to commencing operations.

How long does it take to get the licence?

For straightforward applications, the process at Dubai South Business Hub Free Zone can typically be completed within 3 to 7 working days. More complex structures or applications requiring additional approvals may take longer.

What profit margins can jewellery traders expect?

Margins in gold and silver jewellery trading vary considerably based on sourcing strategy, product type, and target market. Wholesale traders typically operate on tighter margins than retail-focused businesses. Value-added products such as designer or hallmarked jewellery tend to command higher margins, particularly in export markets.

Can I re-export goods purchased in Dubai to other countries?

Yes. One of the key advantages of operating from a Dubai free zone is the ability to re-export goods with minimal restrictions. Dubai South's proximity to Al Maktoum International Airport and Jebel Ali Port makes it particularly well-suited for re-export operations across global markets.

What facility requirements are there for a jewellery trading licence?

Most free zone trading licences, including at Dubai South, require the business to have a registered address within the free zone. This can range from a flexi-desk or shared office arrangement to a dedicated office or warehouse unit, depending on the nature and scale of operations. Physical storage of high-value inventory such as gold and silver jewellery will typically require appropriate secure facilities.

Is a physical office mandatory, or can I operate virtually?

Dubai South Business Hub Free Zone offers flexible workspace solutions, including virtual office and flexi-desk options, which can satisfy the registered address requirement for a trading licence. However, businesses that require physical storage or client-facing premises will need to arrange appropriate facilities within or near the free zone.

Conclusion

Obtaining a Gold Silver Jewellery & Accessories Trading Licence (activity code 4773.11) at Dubai South Business Hub Free Zone provides a powerful platform for businesses seeking to access one of the world's most dynamic precious metals markets. With 100% foreign ownership, a tax-efficient environment, world-class logistics connectivity, and a streamlined setup process, Dubai South offers a compelling proposition for both new entrants and established traders looking to expand their regional and global footprint.

Whether you are sourcing jewellery for wholesale distribution, establishing a retail brand, or building a re-export operation, this licence category provides the legal framework to trade with confidence in the UAE and beyond. To begin your application or receive a tailored cost estimate, reach out to a qualified business setup adviser familiar with Dubai South's requirements.

References and Further Reading

• Dubai South Free Zone - Official Website

• Dubai Gold and Jewellery Group

• UAE Free Trade Agreements - Ministry of Economy

• UAE Central Bank - AML and CFT Regulations

• UAE Ministry of Economy - Business Licensing

• World Gold Council - Gold Demand Trends