How to Start a Jewelry Business in Dubai
Dubai is famous for its gold market, the Dubai Souk. Jewelry business is big business. Starting a jewelry business in Dubai is a lucrative business opportunity. The gold business, diamond trading, and precious metals attract shoppers from around the world.
Strict government controls keep this market in check making it a safe and sustainable industry for all. Recent changes to the United Arab Emirates business laws and visa regulations have seen an influx of applications for foreign nationals to live and work in Dubai. Our citys famous for boasting a high standard of living, a government-backed business-friendly environment, and a zero-tax policy for personal and corporate incomes. Even more reasons to set up shop in Dubai.
Is it the right time to start a jewelry business in the UAE now? Undoubtedly so! Contact a local company setup specialist to guide and support you through starting a jewelry business in Dubai.
Why Open a Jewelry Business in Dubai?
Starting a jewelry business anywhere in the world? Dubai is the perfect place. As weve mentioned, jewelry is big business especially so in Dubai and the gold Souk market.
Jewelry sales in the UAE were recently reported to amount to AED 12 billion annually and that figures climbing each year. Underpinning this lucrative market is the fact that over 85-percent of the UAE jewelry traders comprise specialist retailers and Dubai jewelry companies.
The large tourist market is a huge contributor to the growth of Dubais jewelry and gold sector. This city is a popular travel and shopping destination, with luxury and fine jewelry topping the shopping lists of many. As a jewelry company owner, Dubai also offers zero VAT (Value-Added Tax) on the sale of gold items. With tax-free shopping, jewelry is cheaper in Dubai than in their own countries.
The Dubai Souk is a world-famous gold market for a reason: the high quality of the precious metals and gold manufactured on offer. Strict quality control checks maintain Dubais beautiful 100-percent pure gold and fine jewelry. Importers of precious metals and jewels undergo rigorous checks and specifications for a market that prides itself on meeting and exceeding international standards of quality.
