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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Gold Duty Increase in India
India has raised its import duty on gold and silver to 15%, creating a significant price gap between Dubai and Indian markets. This change is particularly relevant for Indian expatriates in the UAE, who are planning trips home during the summer holidays and the NRI wedding season.
## Legal Allowances for Gold
Under Indian customs regulations, women can bring up to 40 grams of gold jewelry duty-free, while men can carry 20 grams. Families can combine these allowances, enabling them to transport larger quantities legally. For instance, a family of four could carry up to 140 grams collectively.
## Cost Savings
With Dubai's gold prices being approximately 12% cheaper than in India, families can save thousands of dirhams by purchasing jewelry in Dubai. The UAE offers additional advantages, such as VAT-free investment-grade gold bars and lower making charges.
## Increased Demand
The duty hike coincides with a peak travel period for Indian expatriates, leading to a surge in jewelry purchases in the UAE. Retailers anticipate strong demand as families seek to capitalize on the cost benefits of buying in Dubai.
## Important Considerations
Travelers must adhere to customs rules, declaring any excess quantities and retaining invoices for verification. With Indian gold prices expected to rise further, buying in Dubai before traveling could offer better value.
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