Types of Gold and Diamond Businesses in UAE

When it comes to setting up a gold or diamond trading company, there are two main categories:

1. Gold & Diamond Shops in Dubai Mainland:
– If you operate from a physical shop, SIRA approval is mandatory to ensure compliance with Dubai’s strict security standards.

2. Free Zone Gold Trading Companies Without a Shop:
– Many Free Zone businesses face issues renewing their licenses without a commercial shop. In this case, Prodigy Corporate Services helps you obtain the required NOC and SIRA approval so you can continue your business without disruptions.

What is SIRA and Why Do You Need Approval?

The Security Industry Regulatory Agency (SIRA) is a Dubai government body responsible for regulating and monitoring businesses dealing with security and high-value goods like gold, diamonds, and precious metals.

SIRA ensures that all businesses follow strict safety, security, and compliance regulations. Without SIRA approval, you cannot legally run a gold or diamond trading company in Dubai.

Who Needs SIRA Approval in Dubai?

SIRA approval is required for:
– Gold & diamond trading companies in Dubai.
– Businesses selling precious metals or stones.
– Security service providers (CCTV, guarding, event security).
– Professionals such as security guards, managers, and supervisors.

If your business falls into any of these categories, you must get SIRA approval in Dubai before you can operate.