Doing Business in UAE - Morison Menon
Doing Business in UAE - Morison Menon
Doing Business in UAE - Morison Menon
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Dubai Gold & Diamond Park<br />
DUBAI GOLD & DIAMOND PARK<br />
Location<br />
Established<br />
Distance<br />
Size of the Zone<br />
Facilities<br />
Offered<br />
Rental per annum<br />
Lease Period<br />
Possible Legal<br />
Entities<br />
Capital-cash<br />
physical<br />
No. of Shareholders<br />
Formation Fee<br />
Types of licenses<br />
issued<br />
License fee<br />
<strong>Bus<strong>in</strong>ess</strong> Segments<br />
Ownership<br />
Visas<br />
Company formation<br />
period<br />
Other Info<br />
Dubai-U.A.E<br />
May 2001<br />
20 Kms from Dubai International Airport<br />
522,070 Sq. feet [Phase I: 167,885 sq. ft] & Phase II: 354,185]<br />
Retail Outlets<br />
[288 sq. ft –<br />
1,164 sq.ft]<br />
US $ 68.20 per sq.<br />
foot (AED 250) plus<br />
service charges<br />
One year, annually<br />
renewable<br />
Branch of a Foreign<br />
Company (Includ<strong>in</strong>g<br />
Offshore Company)<br />
None<br />
-<br />
None<br />
Trad<strong>in</strong>g Licence<br />
Pre-built<br />
manufactur<strong>in</strong>g unit<br />
(1000 sq .feet)<br />
US $ 84.55 per sq.<br />
foot (AED 310)<br />
One year, annually<br />
renewable<br />
Branch of a <strong>UAE</strong><br />
Company<br />
None<br />
US $ 1,500 (AED 5,500)<br />
-<br />
None<br />
Show Rooms<br />
[6500 sq. ft – 9,300<br />
sq.ft]<br />
US $ 49.30 per sq.<br />
foot (AED 180)<br />
plus service charges<br />
One year, annually<br />
renewable<br />
Office Units<br />
[740 sq. ft –<br />
2,300 sq.ft]<br />
US $ 41 per sq. foot<br />
(AED 150)<br />
FZG<br />
(S<strong>in</strong>gle/Multiple Sharehold<strong>in</strong>g)<br />
US $ 27,270<br />
(AED 100,000)<br />
M<strong>in</strong>imum One Shareholder. If more than one<br />
shareholder the capital can be divided as<br />
US $ 13,635 (AED 50,000 each).<br />
None<br />
Manufactur<strong>in</strong>g Licence<br />
One year, annually<br />
renewable<br />
US $ 1,500 (AED 5,500)<br />
Gold and diamond trad<strong>in</strong>g;<br />
Design<strong>in</strong>g, manufactur<strong>in</strong>g and craft<strong>in</strong>g of gold and diamond jewellery.<br />
Unlike other free zones Gold & Diamond Park offers retail-shopp<strong>in</strong>g facility for<br />
shoppers.<br />
100%<br />
Depends on the size of the space leased.<br />
5 - 10 days<br />
Registration, Licenc<strong>in</strong>g and visa formalities with respect to an entity are controlled<br />
by JAFZA.<br />
Facilities of the park are managed by Emmar Properties.<br />
70
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