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

You will need a valid United States passport (minimum 6 months validity), passport-sized photos, proof of address in United States, attested documents via US Department of State / Secretary of State, and a business plan for your gold & jewelry trading venture.

How long does it take for an American citizen to set up a gold & jewelry trading company in RAKEZ?

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 business activities can I include on my RAKEZ licence?

Your RAKEZ licence can include gold & jewelry trading as the primary activity, along with related activities that fall under the same category. Most free zones allow multiple activities on a single licence, though some may charge a small fee for additional activities. IBA advises on the optimal activity selection for your business needs.

What are the annual renewal costs for a Gold & Jewelry Trading business in Ras Al Khaimah Economic Zone?

The annual licence renewal for a Gold & Jewelry Trading RAKEZ company costs approximately AED 7,500, 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.

How much does it cost to set up a Gold & Jewelry Trading business in Ras Al Khaimah Economic Zone?

The total setup cost for a Gold & Jewelry Trading business in RAKEZ starts from approximately AED 7,500 for the trade licence. Additional costs include visa processing (AED 3,700 per visa), office space, and establishment card fees. IBA provides a detailed cost breakdown during your free consultation.

What are the tax implications for a Gold & Jewelry Trading business in Ras Al Khaimah Economic Zone?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Free zone companies like those in RAKEZ may qualify for a 0% corporate tax rate on qualifying income, provided they meet the substance requirements and do not conduct business with the mainland. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.

Can I get a residence visa with my Gold & Jewelry Trading licence from RAKEZ?

Yes, your gold & jewelry trading licence from RAKEZ entitles you to apply for residence visas. The standard package includes 3 visa(s), with the option to apply for additional visas based on your office space. Each visa costs approximately AED 3,700.

Gold & Jewelry Trading in Ras Al Khaimah Economic Zone for American nationals

Free ZoneCommercialRegulated Activity

Gold & Jewelry Trading in RAKEZ

Starting From

AED 7,500

Setup Time

3 Business Days

Visa Quota

3 Visas

Location

Ras Al Khaimah

About Gold & Jewelry Trading

Setting up a Gold & Jewelry Trading business in Ras Al Khaimah Economic Zone as an American citizen is a straightforward process when you understand the specific requirements that apply to United States-based entrepreneurs. IBA International has helped hundreds of American business owners navigate the licensing, visa, and banking procedures unique to their nationality.

The licensing process at RAKEZ has been streamlined significantly, with most commercial licences processed within 3 business days. As a free zone entity, you will enjoy 100% foreign ownership with no requirement for a local sponsor. The base licence fee is approximately AED 7,500, making it one of the most affordable options in the UAE.

At IBA International, we simplify the process of establishing your gold & jewelry trading business in Ras Al Khaimah Economic Zone. From selecting the right licence type to securing your visa and opening a corporate bank account, our experienced team ensures every detail is handled professionally and efficiently.

Why RAKEZ for Gold & Jewelry Trading?

Ras Al Khaimah Economic Zone is widely regarded as one of the UAE's premier destinations for commercial businesses, and for good reason.

The jurisdiction offers cost-effective licensing, which is particularly valuable for gold & jewelry trading operations. Additionally, industrial and commercial zones ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 3,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. 100% foreign ownership further enhances the appeal of RAKEZ for gold & jewelry trading professionals. Furthermore, gateway to northern emirates 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, RAKEZ remains an excellent choice for both start-ups and established commercial enterprises looking to expand into the Middle East and North Africa region.

For American nationals specifically, the Ras Al Khaimah government has fostered a business-friendly environment with streamlined processes that cater to the large American business community.

Cost-effective licensing

Industrial and commercial zones

100% foreign ownership

Gateway to Northern Emirates

Manufacturing facilities

Visa Requirements for American Nationals

For American entrepreneurs, the visa process works as follows: US citizens can enter the UAE visa-free for 30 days. A residence visa is processed after company formation for long-term business operations. 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 RAKEZ.

Banking for American Business Owners

Opening a corporate bank account for your gold & jewelry trading company in RAKEZ: US nationals face additional FATCA compliance requirements when opening UAE corporate accounts. IBA assists with the additional documentation required. IBA has established relationships with major UAE banks and will personally introduce you to relationship managers who understand American business structures.

Document Attestation for American Nationals

Document attestation for American nationals involves: (1) Notarisation in United States, (2) Attestation by US Department of State / Secretary of State, (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 United States passport (minimum 6 months validity)

2Documents attested by US Department of State / Secretary of State

3UAE Embassy attestation from Abu Dhabi

4Signed application form from RAKEZ authority

5Proof of residential address (utility bill or bank statement)

6Passport copies of all shareholders and directors (valid for at least 6 months)

7Entry stamp or valid UAE visa copy (if applying from within the UAE)

8Detailed business plan or activity description

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	7,500
Visa Package (per visa)	3,700
Flexi Desk	3,000
Shared Office	7,000
Private Office	15,000
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 RAKEZ licence options for American nationals.

Document Preparation

Prepare and attest all required documents from United States through US Department of State / Secretary of State and the UAE Embassy.

Licence Application

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

Trade Licence Issued

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

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. US citizens can enter the UAE visa-free for 30 days.

Bank Account

Open a corporate bank account. US nationals face additional FATCA compliance requirements when opening UAE corporate accounts.

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. RAKEZ allows 100% foreign ownership for all nationalities, including American nationals. No local sponsor or partner is required.

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