What documents does a Bangladeshi national need to start a gold & jewelry trading business in the UAE?

You will need a valid Bangladesh passport (minimum 6 months validity), passport-sized photos, proof of address in Bangladesh, attested documents via Bangladesh Ministry of Foreign Affairs, and a business plan for your gold & jewelry trading venture.

How long does it take for a Bangladeshi citizen to set up a gold & jewelry trading company in Fujairah DED?

The complete process — from initial application to trade licence issuance — typically takes 3–6 business days. Adding visa processing and bank account opening, the total timeline is approximately 13–23 business days.

What are the tax implications for a Gold & Jewelry Trading business in Fujairah Mainland?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Mainland companies are subject to the standard 9% corporate tax rate on taxable profits exceeding AED 375,000. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.

Can a foreigner own 100% of a Gold & Jewelry Trading company in Fujairah Mainland?

Yes, following the recent amendments to the UAE Commercial Companies Law, 100% foreign ownership is now permitted for most mainland activities, including gold & jewelry trading. Previously, a local sponsor holding 51% was required, but this is no longer the case.

What documents do I need to set up a Gold & Jewelry Trading business in Fujairah DED?

The standard documents required include: passport copies of all shareholders, passport-sized photographs, a completed application form, a business plan or activity description, and proof of address. As a regulated activity, you will also need to provide professional qualifications or certifications required by DMCC. IBA handles all document preparation and submission on your behalf.

What are the annual renewal costs for a Gold & Jewelry Trading business in Fujairah Mainland?

The annual licence renewal for a Gold & Jewelry Trading Fujairah DED company costs approximately AED 6,000, which covers the trade licence fee. Additional annual costs may include office space rental, visa renewal, and establishment card fees. IBA provides renewal services to ensure uninterrupted business operations.

What business activities can I include on my Fujairah DED licence?

Your Fujairah DED licence can include gold & jewelry trading as the primary activity, along with related activities that fall under the same category. Mainland licences can include multiple activities, provided they fall within the same licence category (professional, commercial, or industrial). IBA advises on the optimal activity selection for your business needs.

Gold & Jewelry Trading in Fujairah Mainland for Bangladeshi nationals

MainlandCommercialRegulated Activity

Gold & Jewelry Trading in Fujairah DED

Starting From

AED 6,000

Setup Time

3 Business Days

Visa Quota

0 Visas

Location

Fujairah

About Gold & Jewelry Trading

The UAE continues to attract Bangladeshi entrepreneurs seeking to tap into the Middle Eastern market, and Fujairah DED is one of the most popular jurisdictions for gold & jewelry trading operations. Fourth-largest expatriate community in the UAE (~700,000), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.

Operating from Fujairah Mainland gives your Gold & Jewelry Trading business access to Fujairah's world-class infrastructure, including modern office facilities such as ejari office, co-working, private office and excellent connectivity. As a regulated activity, you will need approval from DMCC before commencing operations, but IBA's team handles this process seamlessly on your behalf.

IBA International has been helping entrepreneurs set up gold & jewelry trading businesses in Fujairah Mainland since 2004. Our team of incorporation specialists will guide you through every step, from initial consultation to licence issuance and bank account opening, ensuring a smooth and efficient setup experience.

Why Fujairah DED for Gold & Jewelry Trading?

Choosing Fujairah DED for your gold & jewelry trading business comes with a host of strategic advantages that directly impact your bottom line and growth potential.

The jurisdiction offers east coast port access, which is particularly valuable for gold & jewelry trading operations. Additionally, oil and shipping hub ensures that your business remains competitive in the regional market. Operating on the mainland allows you to trade directly with the local UAE market without restrictions, and you can bid on government contracts — a significant advantage over free zone entities. Office solutions start from AED 3,000 per year for a co-working, making it accessible for businesses of all sizes. Trade across the UAE further enhances the appeal of Fujairah DED for gold & jewelry trading professionals. Furthermore, cost-effective licensing positions your gold & jewelry trading business for long-term success in the region. With Fujairah continuing to invest in infrastructure and business-friendly regulation, Fujairah DED remains an excellent choice for both start-ups and established commercial enterprises looking to expand into the Middle East and North Africa region.

For Bangladeshi nationals specifically, the Fujairah government has fostered a business-friendly environment with streamlined processes that cater to the large Bangladeshi business community.

East coast port access

Oil and shipping hub

Trade across the UAE

Cost-effective licensing

Growing commercial centre

Visa Requirements for Bangladeshi Nationals

For Bangladeshi entrepreneurs, the visa process works as follows: Bangladeshi nationals require a pre-arranged UAE visa. Employment or investor visa is processed through the company after incorporation. IBA handles the complete immigration procedure — from entry permit to residence visa stamping — so you can focus on launching your gold & jewelry trading business in Fujairah DED.

Banking for Bangladeshi Business Owners

Opening a corporate bank account for your gold & jewelry trading company in Fujairah DED: Bangladeshi entrepreneurs can open corporate accounts with standard documentation. Some banks may require additional proof of business activity. IBA has established relationships with major UAE banks and will personally introduce you to relationship managers who understand Bangladeshi business structures.

Document Attestation for Bangladeshi Nationals

Document attestation for Bangladeshi nationals involves: (1) Notarisation in Bangladesh, (2) Attestation by Bangladesh Ministry of Foreign Affairs, (3) UAE Embassy attestation in Dubai. IBA provides a complete attestation checklist specific to gold & jewelry trading businesses to ensure nothing is missed.

Requirements & Documents

1Valid Bangladesh passport (minimum 6 months validity)

2Documents attested by Bangladesh Ministry of Foreign Affairs

3UAE Embassy attestation from Abu Dhabi

4No Objection Certificate (NOC) if applicable

5Completed application form for trade licence

6Proposed company name (2-3 alternatives)

7Proof of residential address (utility bill or bank statement)

8Initial approval from the Department of Economic Development

Regulatory Note: Gold & Jewelry Trading is a regulated activity in the UAE. Additional approval from DMCC is required. IBA can guide you through the full regulatory process.

Cost Breakdown

Item	Cost (AED)
License Fee	6,000
Visa Package (per visa)	3,200
Ejari Office	5,000
Co-Working	3,000
Private Office	12,000
Estimated Total (Year 1)	From AED 14,200

* Costs are indicative and subject to change. Contact IBA for a personalised quote.

Setup Timeline

Consultation

Free consultation with IBA to discuss your gold & jewelry trading business plan and the best Fujairah DED licence options for Bangladeshi nationals.

Document Preparation

Prepare and attest all required documents from Bangladesh through Bangladesh Ministry of Foreign Affairs and the UAE Embassy.

Licence Application

Submit the gold & jewelry trading licence application to Fujairah DED. IBA handles all paperwork and government interactions.

Trade Licence Issued

Receive your official Fujairah DED trade licence within 3–6 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. Bangladeshi nationals require a pre-arranged UAE visa.

Bank Account

Open a corporate bank account. Bangladeshi entrepreneurs can open corporate accounts with standard documentation.

Start Operations

Your gold & jewelry trading business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.

Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. Since the UAE's 2020 Commercial Companies Law amendment, Bangladeshi nationals can own 100% of most mainland business activities including gold & jewelry trading.

Gold & Jewelry Trading in Other Jurisdictions

SHAMS

From AED 6,150

RAKEZ

From AED 7,500

DIFC

From AED 12,000

Abu Dhabi DED

From AED 10,000

JAFZA

From AED 16,000

Dubai DED

From AED 12,000

DMCC

From AED 15,300

IFZA

From AED 11,750