Dubai is known globally as a hub for gold and jewellery trading. The city’s strategic location, booming economy, and tax-free guidelines make it an appealing destination for entrepreneurs looking to start a jewellery business in Dubai. If you’re planning to set up a jewellery business in this vibrant market, understanding the process is crucial. This guide will walk you through the steps to get started, from Dubai company setup to obtaining the necessary licenses.
Why Start a Jewellery Business in Dubai?

Before diving into the steps, let’s understand why Dubai is an ideal location for a jewellery business –
1. Strategic Location – Dubai’s position as a gateway between the East and West offers easy access to a broad customer base.
2. Tourism Hub – Millions of tourists visit Dubai every year, many of whom are interested in buying gold and jewellery.
3. Tax Benefits – Dubai presents a business-friendly climate with zero personal and corporate income taxes.
4. High Demand – The city has a strong local and international market for gold and jewellery.
Step-by-Step Guide to Starting a Jewellery Business in Dubai
1. Research and Planning
Before beginning any business, detailed research is vital.
Here’s what you should consider –
- Market Analysis – Understand the demand, competition, and pricing in Dubai’s jewellery market.
- Business Model – Decide on the type of jewellery business you want to start (e.g., retail, wholesale, online).
- Location – Choose a strategic location for your shop or office, considering foot traffic and target customers.
2. Choose a Business Structure
For your Dubai company setup, you need to decide on the business structure.
The main options are –
- Free Zone Company – Ideal for 100% foreign ownership and tax exemptions, but with some limitations on local trade.
- Mainland Company – Permits you to trade directly with the local market but demands a local supporter.
- Offshore Company – Suitable for international trade but not for local business operations.
3. Business License in UAE
To legally operate your jewellery business in Dubai, you’ll need to obtain a business license in UAE.
The kind of license will depend on your business activities –
- Commercial License – For trading in gold and jewellery.
- Industrial License – If you plan to manufacture jewellery.
- Professional License – For consultancy services related to jewellery.
4. Register Your Business
Once you’ve chosen your business structure and license type, the next stage is to register your business –
- Trade Name – Pick a remarkable name for your business that adheres to the UAE’s naming conventions.
- Initial Approval – Apply for initial approval from the Department of Economic Development (DED) or the appropriate free zone authority.
- Memorandum of Association (MOA) – Draft an MOA if you’re setting up a mainland company, outlining the ownership and operational details.
5. Office Space and Location
Securing a physical location is crucial for your new business setup in Dubai. You can choose from –
- Retail Shop – For direct sales to customers.
- Office Space – If you’re focusing on wholesale or online sales.
- Free Zone Facilities – If you’re setting up in a free zone, you’ll need to lease space within the zone.
6. Obtain Additional Approvals
Depending on the type of jewellery business, you might require extra permissions –
- Dubai Gold and Jewellery Group – Membership may be required for certain activities.
- Dubai Municipality – For health and safety regulations, especially if you’re manufacturing jewellery.
7. Open a Corporate Bank Account
Opening a corporate bank account is essential for managing your business finances. Pick a bank that delivers services top-notch to the needs of businesses in Dubai.
8. Hire Staff
If your business requires staff, ensure you comply with UAE labor laws. This includes offering fair wages, providing accommodations (if needed), and ensuring a safe working environment.
9. Marketing and Branding
Effective marketing is vital for the victory of your jewellery business.
Here’s how to get started –
- Brand Identity – Develop a powerful brand individuality, including a logo, website, and packaging.
- Digital Marketing – Utilize social media, SEO, and online advertising to reach potential customers.
- Networking – Participate in trade shows and events to network and showcase your products.
10. Launch Your Business
Once everything is in place, it’s time to launch your jewellery business in Dubai. Host a grand opening occasion or launch promotion to draw initial customers and make buzz.
Cost of Starting a Jewellery Business in Dubai
The cost of setting up a jewellery business can vary depending on the business structure, location, and other factors.
Here’s a breakdown of potential costs –
1. Business License – The cost of a business license in UAE ranges from AED 10,000 to AED 50,000, depending on the license type and location.
2. Office Space – Rent can vary significantly based on the location and size of the space.
3. Additional Approvals – Memberships and approvals may add to the initial costs.
4. Staffing – Salaries and benefits for staff need to be factored into the budget.
Conclusion
Starting a jewellery business in Dubai is a lucrative opportunity, thanks to the city’s thriving market and business-friendly environment. By following the actions summarized in this guide, you can handle the procedure of Dubai company setup smoothly with the expert assistance of Start Any Business in Dubai, obtain the necessary business license in UAE, and set your business up for success. With proper planning, research, and execution, your jewellery business can grow in one of the world’s most active markets.
Also Read: Free Zone Company vs Free Zone Establishment: Key Differences