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Gold trading licence in Dubai — DMCC and DED licensing
Gold Trading Licence Dubai

Gold Trading Licence in Dubai: Bullion, Jewellery & Precious Metals

Set up a legally compliant gold trading business in Dubai. We handle DED and DMCC gold trading licence applications, AML compliance setup, and full operational onboarding for bullion dealers, jewellery traders, and refiners.

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Dubai is one of the world's most important gold trading hubs, handling a significant share of global physical gold flows. The emirate's position between Asian supply chains and Western demand, combined with competitive regulations and world-class logistics infrastructure, makes it the preferred base for bullion traders, jewellery wholesalers, precious metals refiners, and gold-backed financial product providers. To conduct gold trading in Dubai legally, businesses must obtain the appropriate gold trading licence — either through the DED (Department of Economic Development) for mainland operations or through DMCC (Dubai Multi Commodities Centre) for free zone activities. Both paths come with specific regulatory requirements, including AML/CFT compliance obligations under UAE and FATF standards. Probus Pleion Middle East Limited provides end-to-end licensing support for new and expanding gold trading businesses entering the Dubai market. For the underlying company structure, see our company formation services, and for ongoing tax compliance, see our corporate tax services.

Gold Trading Licence Application Process

1

Activity & Structure Assessment

We assess your gold trading activities — bullion, jewellery, refining, or financial products — and recommend the optimal licence structure (DED mainland or DMCC free zone) based on your operational model and target markets.

2

Trade Licence Application

We prepare and submit the DED or DMCC trade licence application with the correct gold trading activity codes, managing all initial approvals and documentation requirements.

3

AML/CFT Framework Setup

We build your AML/CFT compliance programme, including written policies, KYC procedures, transaction monitoring protocols, and STR reporting processes — meeting the requirements for both the licensing authority and banking onboarding.

4

Premises & Vaulting Setup

We assist with identifying compliant physical premises for trading operations and, where needed, connect you with DMCC-approved vaulting facilities for secure storage of physical gold inventories.

5

Banking Introduction

We prepare banking application packages and introduce your gold trading company to suitable UAE banks, managing the due diligence process to maximise the chances of a successful account opening.

6

Operational Launch Support

We assist with residency visas, customs registration for import/export, ESMA compliance for hallmarking, and any additional permits required for your specific gold trading activities.

Key Requirements for a Gold Trading Licence in Dubai

  • Trade licence with gold trading or precious metals activity (DED or DMCC)
  • Physical office or trading premises in Dubai
  • AML/CFT compliance programme with appointed compliance officer
  • Cash transaction reporting procedures for transactions above AED 55,000
  • Customer due diligence and KYC procedures for all counterparties
  • Sanctions screening capability for customers and transactions
  • LBMA Good Delivery certification (for institutional bullion trading)
  • Hallmarking compliance for retail jewellery (UAE ESMA standards)
  • Security arrangements for physical gold storage (vaulting or approved premises)

Frequently asked questions

Do I need DMCC membership to trade gold in Dubai?
DMCC membership is required to trade on the DGCX platform and to access DMCC's vaulting facilities. For retail or wholesale gold and jewellery trading without DGCX access, a DED mainland licence with the appropriate activity is sufficient. We assess your model to recommend the right structure.

What AML requirements apply to gold traders in Dubai?
Gold dealers are classified as designated non-financial businesses (DNFBPs) under UAE AML law. They must implement a full AML/CFT programme including KYC, transaction monitoring, STR reporting, cash transaction reporting, and sanctions screening. We build compliant frameworks for gold trading businesses.

Is gold trading subject to VAT in Dubai?
The UAE applies a zero-rate of VAT to most investment-grade gold, silver, and platinum (minimum 99% purity). Retail jewellery sales are subject to the standard 5% VAT rate. Gold trading businesses must register for VAT and apply the correct rates to different product types.

Can a foreign-owned company hold a gold trading licence in Dubai?
Yes. 100% foreign ownership is permitted for gold trading companies in Dubai — both under the DED mainland framework and through DMCC. No local UAE national partner is required.

What is the difference between LBMA Good Delivery and UAE hallmarking?
LBMA Good Delivery is the international standard for gold and silver bars traded in wholesale bullion markets. UAE hallmarking is a domestic consumer protection standard applied to gold jewellery sold at retail in the UAE. Different activities require different certifications.

How difficult is banking for gold trading companies in Dubai?
Banks conduct enhanced due diligence on gold trading businesses due to the sector's AML risk profile. A comprehensive compliance programme, transparent ownership structure, and clear business model significantly improve banking prospects. We provide dedicated banking introduction support for gold traders.

Are there import/export restrictions on gold in Dubai?
Dubai generally permits the free import and export of gold, subject to customs declaration requirements and AML compliance. Import duties are low or zero for gold intended for re-export. Specific documentation requirements apply for customs clearance, and we assist with the relevant registrations.
The information on this website is for general guidance only and does not constitute professional advice. Regulations in the UAE may change. Please contact us or consult a licensed professional for specific advice tailored to your situation.