Dubai is a global hub for physical gold, silver, diamonds and coloured stones, with DMCC at its centre. The business looks simple — buy metal, sell metal — but the accounting and compliance burden is heavier than almost any other sector.
In gold and precious metals, the spread is small and the regulatory risk is large. A single compliance failure can cost more than months of trading profit.
Physical bullion, jewellery, scrap, hallmarked bars and unallocated metal accounts all coexist on the same balance sheet.
Investment-grade gold and wholesale supply of gold and diamonds between VAT-registered dealers require correct reverse-charge treatment.
Banks treat gold and commodity flows as high-risk, so audited financials and strong compliance records are essential.
Five accounting and compliance bottlenecks that expose gold and commodity traders to financial and regulatory risk.
Pricing moves constantly, and FIFO, weighted average and NRV treatment can materially change reported profit and cost of sales.
Many traders overcharge output VAT or lose input VAT recovery because the reverse-charge mechanism is applied incorrectly.
Free-zone gold businesses need clear segregation between qualifying and non-qualifying income.
Without clean books and compliance records, banking relationships weaken and trade finance becomes harder to maintain.
A complete accounting, tax and advisory function built around the way gold and commodities businesses actually work.
We build a metal-aware inventory ledger that tracks pure-gold equivalents, AED values, making charges, wastage and physical stock.
We apply reverse-charge treatment correctly, support CT structuring and prepare ESR filings where relevant.
We prepare banking packs, compliance evidence, financial reports, treasury support and trade-finance documentation.
Tell us about your gold or commodities business, your compliance challenges and your current finance process. We’ll come back to you within one working day.
