The Dubai Gold and Diamond Park is one of the UAE’s most prestigious business hubs, specifically designed for the gold, diamond, and precious metals trade. Established as a free zone, it provides investors and entrepreneurs with world-class facilities, including retail showrooms, manufacturing units, and commercial offices.
Businesses in the Gold and Diamond Park range from jewelry retailers and manufacturers to logistics companies, service providers, and trading firms. It serves as both a shopping destination for visitors and a thriving business ecosystem for investors.
Given the sensitive nature of jewelry, gold, and high-value commodities, transparent financial reporting and auditing are crucial. Companies operating here must comply with UAE regulations, free zone authority rules, and international accounting standards. This ensures credibility, investor trust, and regulatory protection.
All free zone companies in Dubai, including those in the Gold and Diamond Park, are required to submit annual audited financial statements.
Even smaller businesses benefit from audits as they provide financial clarity, credibility, and compliance assurance.
For multinational firms, an audit is not just a legal requirement but also a trust-building tool for global stakeholders.
DGDP mandates that only auditors approved by its authority—and listed by the Ministry of Economy—are permitted to conduct and submit audit reports. This ensures compliance with regulatory definitions unique to the gold and diamond trading ecosystem
Annual audits are essential for license renewal in DGDP. Failure to submit audited financial statements may result in trade license suspension or non-renewal
As a specialized hub for precious metals, DGDP operations are governed by stringent due diligence rules related to gold sourcing. Companies must maintain governance systems, conduct supply chain risk assessments, train staff on due diligence, and select auditors familiar with AML-CFT and OECD standards. Penalties for non‑compliance can be substantial—up to AED 5 million
While DGDP-specific details on an audit submission portal are not universally publicized, businesses typically submit audit reports through the DGDP authority’s official channels. These could include digital uploads via a dedicated free zone portal, or direct submission of signed audit reports at the DGDP office—similar to other UAE zones
Theta7 operates through its licensed auditing firm, AuditCo Times Auditors L.L.C, recognized by Dubai’s Department of Economic Development (DED). This affiliation guarantees that every audit is conducted with full compliance to UAE laws and International Financial Reporting Standards (IFRS).
DED-Approved Audit License – Ensures recognition and acceptance across free zones, mainland, and offshore entities.
IFRS-Compliant Financial Audits – Guaranteeing credibility with global stakeholders.
Specialized Expertise – From SMEs to large corporations, Theta7 adapts its audit approach to suit different business structures.
Uncompromising Accuracy – Every report is designed to withstand scrutiny from regulators, investors, and tax authorities
Operating within Dubai Gold and Diamond Park (DGDP) requires strict compliance with free zone regulations, gold trade due diligence standards, and UAE’s federal financial frameworks. At Theta 7 | Approved Auditors in Dubai Gold and Diamond Park, we deliver tailored auditing services through our licensed firm, AuditCo Times Auditors L.L.C, ensuring businesses remain compliant while gaining valuable financial insights.
In DGDP, annual external audit reports are mandatory for trade license renewals and regulatory compliance. Theta 7 provides independent verification of financial statements, ensuring they align with International Financial Reporting Standards (IFRS), DGDP authority requirements, and UAE Ministry of Economy regulations. These reports not only satisfy licensing obligations but also enhance transparency and investor trust, critical in the high-value gold and diamond industry.
Given DGDP’s role as a hub for gold, diamond, and precious metals trading, robust internal controls are vital to prevent risks such as fraud, mismanagement, or compliance breaches. Theta 7’s internal audits go beyond routine checks — we identify inefficiencies, evaluate risk exposure, and strengthen governance systems, helping businesses safeguard their assets in a sensitive trading environment.
DGDP companies must comply with free zone audit regulations, tax reporting obligations, and gold trade due diligence requirements under UAE’s AML-CFT (Anti-Money Laundering & Combating Financing of Terrorism) laws. Our special purpose and compliance audits ensure companies meet these obligations, including:
Non-activity audits for dormant entities.
Gold supply chain due diligence audits, aligning with OECD guidelines.
Free zone compliance reports for licensing and regulatory submissions.
DGDP attracts global investors, making mergers, acquisitions, and partnerships common. Theta 7 provides financial due diligence services that uncover the true financial position of a business. Whether you’re planning to sell, acquire, or attract investors, our due diligence ensures accuracy, credibility, and informed decision-making — helping you navigate the complexities of high-value trade.
With high-value commodities like gold and diamonds, the risks of financial fraud, money laundering, and irregular transactions are amplified. Theta 7’s forensic accounting services are designed to detect, investigate, and prevent financial misconduct. By combining regulatory expertise with investigative techniques, we help DGDP businesses maintain accountability, protect assets, and comply with UAE anti-financial crime laws.
Running a business in Dubai Gold and Diamond Park (DGDP) comes with unique opportunities — but also strict compliance requirements. Don’t leave your license renewal, financial compliance, or investor trust to chance.
At Theta 7, through our licensed firm AuditCo Times Auditors L.L.C, we provide DGDP-approved, IFRS-compliant audits that go beyond ticking boxes. We help you:
Whether you’re a startup, SME, or established corporation in the Gold and Diamond Park, we’re here to ensure your financials reflect strength, compliance, and credibility.
