Gold & Jewelry Trading in RAK ICC
Starting From
AED 12,500
Setup Time
3 Business Days
Visa Quota
0 Visas
Location
Ras Al Khaimah
About Gold & Jewelry Trading
Setting up a Gold & Jewelry Trading business in RAK International Corporate Centre offers a compelling opportunity for entrepreneurs looking to establish a strong presence in the UAE market.
As an offshore entity regulated under Ras Al Khaimah's commercial laws, your Gold & Jewelry Trading business will benefit from cost-effective offshore structure and full foreign ownership. The RAK ICC licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 12,500.
With over two decades of experience in UAE business formation, IBA International provides end-to-end support for your gold & jewelry trading setup in RAK ICC. Our dedicated advisors handle the paperwork, government liaisons, and compliance requirements, so you can focus on building your business from day one.
Why RAK ICC for Gold & Jewelry Trading?
There are several compelling reasons why RAK International Corporate Centre continues to attract gold & jewelry trading entrepreneurs from around the world.
The jurisdiction offers cost-effective offshore structure, which is particularly valuable for gold & jewelry trading operations. Additionally, full foreign ownership ensures that your business remains competitive in the regional market. The offshore structure provides maximum confidentiality and is ideal for holding assets, intellectual property, and international trade operations. Many international businesses choose the offshore route for its streamlined compliance requirements and ability to open multi-currency bank accounts with leading UAE banks. No tax obligation further enhances the appeal of RAK ICC for gold & jewelry trading professionals. Furthermore, confidentiality protection positions your gold & jewelry trading business for long-term success in the region. With Ras Al Khaimah continuing to invest in infrastructure and business-friendly regulation, RAK ICC remains an excellent choice for both start-ups and established commercial enterprises looking to expand into the Middle East and North Africa region.
Requirements & Documents
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 | 12,500 |
| Estimated Total (Year 1) | From AED 12,500 |
* Costs are indicative and subject to change. Contact IBA for a personalised quote.
Setup Timeline
Initial Consultation
Begin with a free consultation with IBA's business setup advisors to discuss your gold & jewelry trading business objectives, optimal licence structure, and RAK ICC as your chosen jurisdiction. We assess your specific requirements and provide a transparent cost breakdown.
Choose Your Company Name
Select your company name and submit it for approval. The DED naming guidelines require the name to reflect the legal structure and activity. Reserved and restricted words require additional approvals. IBA handles the name reservation process.
Prepare & Submit Documents
Compile all required documentation including passport copies, photographs, and the completed application form. For gold & jewelry trading, additional documents including professional qualifications and DMCC approvals are required. IBA prepares and submits all paperwork on your behalf.
Obtain Trade Licence
Following DED approval, your Ras Al Khaimah mainland trade licence is issued within 3 business days. The licence authorises you to conduct gold & jewelry trading activities and is valid for one year. The licence fee is approximately AED 12,500.
Open Corporate Bank Account
With your trade licence in hand, open a corporate bank account at a UAE bank. IBA provides introductions to relationship managers at leading banks including Emirates NBD, ADCB, RAKBank, and Mashreq. Account opening for offshore entities may require additional due diligence documentation.
Start Operations
With your licence issued, visa processed, and bank account active, your gold & jewelry trading business in RAK International Corporate Centre is ready to operate. IBA continues to support you with PRO services, VAT registration, accounting, and annual licence renewals.
Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Offshore entities are generally exempt from UAE corporate tax on income earned outside the UAE. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.
Gold & Jewelry Trading in Other Jurisdictions
Get Started Today
Ready to set up your gold & jewelry trading in RAK ICC? Our team is here to help.
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Official Source
www.rakicc.com ↗Popular in RAK ICC
By IBA Business Setup Team
Last updated: 26 February 2026
International Business Advisors DMCC has been helping entrepreneurs set up businesses in the UAE since 2004, with 20+ years of hands-on expertise.
Ready to Start Your Gold & Jewelry Trading?
Get a personalised quote for setting up your gold & jewelry trading in RAK ICC. Our advisors are ready to guide you through every step.