Dubai’s dynamic fashion scene is dominated by fashion jewelry trading, providing individuals and businesses with stylish and affordable accessories. Fashion jewelry trading refers to buying, selling, and distributing fashion jewelry. Fashion jewelry, also known as costume jewelry or imitation jewelry, is made using non-precious materials such as glass, plastic, base metals, and synthetic gemstones.
As a Fashion jewelry trader, you can cater to local and international markets, supplying a wide range of trendy and stylish jewelry pieces. You can include various aspects, including sourcing and selecting jewelry designs, managing inventory, marketing, and promotion, and establishing distribution networks.
4771.91 Imitation Jewellery Trading
Apply for your business license under Retail sale of other goods in specialized stores and choose the business activity Imitation Jewellery Trading with activity code 4771.91.
With your trade license from Meydan Free Zone, you can resell costume or imitation jewellery, such as brooches, earnings, necklaces, bracelets, rings made from base metals plated with precious metals, or jewellery containing imitation stones such as imitation gems stones, imitation diamonds.
Inclusions
Along with Imitation Jewellery Trading, your trade license enables you to engage in the retail sale of various clothing items, including articles of clothing, articles of fur, and clothing accessories such as gloves, ties, and braces. Additionally, you are allowed to retail umbrellas, footwear, and leather goods. Furthermore, your license encompasses the retail sales of travel accessories made from both leather and leather substitutes.
Exclusions
Your trade license does not permit you to engage in the retail sale of textiles. While you can sell various clothing items, accessories, footwear, and leather goods, the retail sale of textiles is explicitly excluded from your license. This means you are not allowed to sell fabrics, textiles, or similar materials as part of your business operations.
Third-Party Approval
Operating an Imitation Jewellery Trading or Fashion Jewelry Trading Business in Dubai does not require approval from a third party.
ESR & UBO
Imitation Jewellery Trading in Dubai is not subject to UBO (Ultimate Beneficial Ownership) and ESR (Economic Substance Regulations) requirements. As fashion designers in Dubai, this exemption provides a streamlined regulatory environment so that you can focus on your creative pursuits and business operations without additional burdens.
UBO regulations involve the identification and reporting of individuals who hold ultimate ownership or control over a business entity, while ESR regulations focus on demonstrating legitimate economic activity and substance within the jurisdiction of operation.
AML
Imitation Jewellery Trading in Dubai is not subject to AML (Anti-Money Laundering) regulations. The primary purpose of these regulations is to prevent and detect money laundering and terrorist financing activities in various sectors. However, AML regulations do not mandate compliance with Imitation Jewellery Trading.
