Declared as the City of Gold, Dubai, has been continuously evolving as a land of business in all aspects, serving as a home to million industries. When it comes to business, the scenario is like you name it, Dubai has a ground for it. Along with the growing demand of companies, the demand for technology has been exponentially growing, and today technology has become the ultimate lifeline of a business. Company confidential information ranging from company formation to profit-making, bearing losses and liquidation etc. gets stored in the computer systems in the form of soft copy. Being a business owner, you need to understand that your company’s confidential documents and activities demand protection.
As mentioned above, the city of Dubai dwells in gold business that a separate space has been built named Dubai Gold and Diamond Park. If you are planning to set up a company in Dubai, to grab the gold market, then your business needs proper planning and protection, which if overlooked can lead to a significant loss. According to the Government of Emirates, to start a gold business in Dubai, approvals are to be obtained from the SIRA, a body that deals with the security industry in the UAE. This treatise will give you a piece of in-depth information regarding the same.
What is SIRA?
Securities Industry Regulatory Authority (SIRA) stands as a governing body that regulates the Security Industry in the United Arab Emirates, stands on the values of Sustainability, Safety, Quality and Innovation, aiming to build Dubai as a safe and secure city. When it comes to business set up in Dubai, there are certain businesses that require external approvals to conduct business activities.
Approvals Provided by SIRA
When it comes to providing approvals, the authorized body approves licenses for the following business categories:
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Security Specification |
Companies Security Licenses |
Individual Services |
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Event Security Guard |
Management Office Only |
Security Dog Training Centre |
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Cash-in-Transit Guard |
Precious Commodities Store (Merchandise Value Less Than 100,000) |
Self-Transportation Vehicles Trading |
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Security Guard |
Precious Commodities Store (Merchandise Value More Than 100,000) |
Preparation of Vehicles for Safe Transport |
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CCTV Operator |
Precious Metals & Gemstones Trading & Manufacturing |
Security Studies and Consultancies |
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Security Systems Engineer |
Gold Offices |
Centre for Operations and Monitoring Services |
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Security Systems Technician |
Self-Storages |
Security and Surveillance Systems Installation & Maintenance |
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Security Consultant |
Precious Metals Warehouse |
Guard Property Services |
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Security Auditor |
Monetary Financial Institutions |
Party Security & Private Guarding Services |
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Security Manager |
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Security Control & Alarm Equipment Trading |
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Security Trainer |
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Money & Valuables Transport Services |
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Security Supervisor |
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Security Control and Measuring Services |
How to Get SIRA Approval in Dubai?
In case, if you are planning to deal with any business activities, dealing with the above-stated industries, then it is a mandate for you to acquire approvals from the Securities industry Regulatory Agency. At this point, dealing with the process in-house could turn out to be troublesome. The smart way is to have a word with a professional business consultant who is an expert in the business establishment process, as well as possess an in-depth knowledge related to the UAE’s legal proceedings.
Benefits of Hiring Professional Experts
If you are planning to start a gold business or any of the businesses mentioned above in Dubai, then by hiring the professional experts you will be able to gain the following benefits:
- Proper planning and streamlining the necessary steps
- An execution of easy and secure company formation process
- Expert’s guidance at every step
- Customized solutions according to the business needs
- In-depth analysis and on-time delivery of reports
- Market insights as professionals are well-equipped with the competition
At Commitbiz, we are dedicated to providing the aforementioned benefits to our clients. Since inception, we have been dealing with multiple businesspersons ranging from entrepreneurs to well-established owners to establish and expand their business across the UAE. Our well-experienced business experts will take care of your business requirements and will help you to obtain SIRA approval at the earliest. To have a word, do contact us-we’d be glad to assist.