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Sharjah, one of the most vibrant emirates in the UAE, is emerging as a key hub for gold and precious metal trading, offering lucrative opportunities for investors and traders in this prestigious sector. With a rich history in commerce and a strategic position at the crossroads of global trade routes, Sharjah is an ideal location for businesses looking to tap into the thriving gold and precious metal market of the Middle East.
A Gold and Precious Metal Trading License in Sharjah allows businesses to legally trade in gold, silver, platinum, and other precious metals. Whether dealing in bullion, coins, jewelry, or raw materials, this license provides the flexibility to engage in various aspects of the precious metals trade. With the emirate’s stable regulatory environment and access to some of the world’s most renowned gold markets, such as Dubai, Sharjah serves as a gateway for traders to connect with international suppliers and buyers.
In addition to Sharjah’s advantageous geographic location, businesses benefit from its competitive licensing costs, tax incentives, and access to state-of-the-art logistics facilities, ensuring smooth operations in the import, export, and storage of precious metals.
This introduction will guide you through the process of obtaining a Gold and Precious Metal Trading License in Sharjah, exploring the key benefits, requirements, and the immense growth potential this market offers for aspiring traders.
Process to Open a Gold and Precious metal trading Company in Sharjah (Sharjah Mainland Setup Process)
Setup Consultation
Begin your company formation journey with a free consultation. This step helps in selecting the most suitable location and business activity for your LLC.
Sharjah DED Security Approval
After Security Approval and selection of your desired business activity, we proceed with obtaining initial approval from the Sharjah Economic Department (DED).nt in the UAE.
Initial Approval
After profile creation and selection of your desired business activity, we proceed with obtaining initial approval from the Sharjah Economic Department (DED).
Trade Name Reservation
Provide us with three preferred business names to check for availability. Once a name is available, we reserve it for your business license. As per DED regulations, the activity type must be mentioned after the chosen business name.
MOA Drafting and Signing
We draft a standard Memorandum of Association (MOA) approved by the DED. MOA Signing needs to be done in front of the Notary officer in DED.
Tenancy Contract/Office Tenancy
If you have your own office space, provide us with the Tenancy Contract to link with your license application. Alternatively, we can source a virtual Tenancy Contract for you.
Final Payment Voucher
Upon successful submission of all documents, we will receive a payment voucher. Once payment is made, the business license will be issued, subject to DED approvals.
Immigration, eChannel Registration and Visa Processing
Post-license issuance, we will register your company with immigration and create your eChannel account and initiate the visa application process for the investor/partner.
Bank Account Opening
With your business license and Emirates ID, we can assist you with the digital bank account opening process, which you can complete at your convenience.
License Cost
The estimated cost for opening this license is approximately 18,000 AED + 6,000 AED additional cost for Security Industry Regulatory Agency (SIRA) NOC. This includes the license with two shareholders, initial approval, trade name reservation, and MOA signing. For a detailed quotation or consultation, please contact us through the inquiry form.