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Abu Dhabi’s rich cultural heritage and strategic location make it a prominent center for the trading of gold and precious metals in the Middle East. Obtaining a Gold and Precious Metal Trading License in Abu Dhabi is essential for businesses looking to legally engage in the buying, selling, and distribution of gold, silver, and other precious metals. This license ensures compliance with local regulations and industry standards, providing a framework for secure and transparent transactions in this highly regulated market.
With the increasing demand for gold and precious metals driven by both investment and consumer markets, the potential for growth in this sector is significant. The Gold and Precious Metal Trading License not only legitimizes business operations but also enhances the credibility of firms, allowing them to operate with trust and integrity in a competitive marketplace. This license positions traders to effectively meet the needs of investors and consumers, contributing to Abu Dhabi’s status as a key player in the global precious metals market.
Process to Open a Gold and Precious metal trading Company in Abu Dhabi (Abu Dhabi 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.
Abu Dhabi Abu Dhabi DED Profile Creation
We confirm if you have previously entered the UAE to create a profile in the Department of Economic Development (DED). This profile creation requires an active mobile number and email ID and allows you to complete the licensing process without being physically present in the UAE.
Initial Approval
After profile creation and selection of your desired business activity, we proceed with obtaining initial approval from the Abu Dhabi 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. This can be digitally signed online and thus there is no requirement for you to be present in UAE.
Tawtheeq/Office Tenancy
If you have your own office space, provide us with the Tawtheeq to link with your license application. Alternatively, we can source a virtual Tawtheeq 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.