Gifts Mart Business

A Gifts Mart Business refers to a retail establishment that specialises in offering a diverse range of gift items, including but not limited to, jewellery, imitation jewellery, jewellery boxes, traditional handicrafts, and other unique and decorative items suitable for various occasions. These businesses typically focus on providing customers with a wide selection of gift options, catering to different tastes and preferences. They may also offer additional services such as gift wrapping to enhance the overall shopping experience for customers. The primary goal of a Gifts Mart Business is to serve as a one-stop destination for individuals seeking thoughtful and meaningful gifts for their loved ones or special events.

The business activities that fall under Gifts Mart Business are:

Gifts trading (4649.22): This refers to the business activity of buying and selling various gift items. It involves sourcing, acquiring, and reselling a wide range of products suitable for gifting purposes. These products may include but are not limited to, decorative items, novelty items, personal accessories, home decor, stationery, and other unique and thoughtful gift options. Gift trading can take place through various channels such as brick-and-mortar stores, online platforms, or a combination of both. This business activity requires effective sourcing and inventory management, understanding market trends and consumer preferences, and providing a diverse selection of products to cater to different occasions and target audiences. 

• Third-party Approval: No third-party approvals are required for this business activity
• Filing of Economic Substance Return: Business activity 4649.22 is exempt from this requirement.
• Anti-Money Laundering Compliance: Business activity 4649.22 is exempt from this requirement.

Gift Wrapping Services (8292.93): This involves providing professional wrapping and packaging solutions for gifts. Businesses offering gift-wrapping services specialise in creatively and skillfully wrapping gifts in an aesthetically pleasing manner. They use various wrapping materials such as decorative papers, ribbons, bows, and embellishments to enhance the presentation of the gift. Gift Wrapping Services may be offered as a standalone service or as an add-on option in retail stores or online platforms. 

• Third-party Approval: No third-party approvals are required for this business activity
• Filing of Economic Substance Return: Business activity 8292.93 is exempt from this requirement.
• Anti-Money Laundering Compliance: Business activity 8292.93 is exempt from this requirement.

Manufacture of imitation jewellery and related articles (3212.00) Not available for selection in Meydan Free Zone : This involves the production of costume or imitation jewellery. This includes creating items like rings, bracelets, necklaces, and similar articles of jewellery using base metals that are plated with precious metals. It also encompasses the manufacturing of jewellery that incorporates imitation stones, such as imitation gemstones and diamonds. However, this activity excludes the production of jewellery made from precious metals or those clad with precious metals. Additionally, the manufacturing of jewellery containing genuine gemstones and precious metal watch bands is not included in this category.

While UAE permits business activity Manufacture of imitation jewellery and related articles (3212.00), it is not available for selection in Meydan Free Zone.

• Third-party Approval: No third-party approvals are required for this business activity
• Filing of Economic Substance Return: Business activity 3212.00 is exempt from this requirement.
• Anti-Money Laundering Compliance: Business activity 3212.00 is exempt from this requirement.

Gifts & Jewellery Box Making (3212.96) Not available for selection in Meydan Free Zone : This refers to the activity of manufacturing boxes specifically designed for holding and presenting gifts and jewellery. This includes the production of various types of boxes, such as decorative gift boxes, jewellery boxes, storage boxes, and display cases. The focus is on creating aesthetically pleasing and functional boxes that enhance the presentation and protection of gifts and jewellery items.

While UAE permits business activity Gifts & Jewellery Box Making (3212.96), it is not available for selection in Meydan Free Zone.

• Third-party Approval: No third-party approvals are required for this business activity
• Filing of Economic Substance Return: Business activity 3212.96 is exempt from this requirement.
• Anti-Money Laundering Compliance: Business activity 3212.96 is exempt from this requirement.

Traditional Handicraft Works (3212.97) Not available for selection in Meydan Free Zone : This refers to the business activity involving the creation of handmade crafts using traditional methods and techniques. It encompasses the production of artisanal items such as pottery, ceramics, textiles, woodwork, metalwork, and other traditional crafts. This activity values craftsmanship, preserving cultural heritage, and showcasing the skills and artistry passed down through generations. Traditional Handicraft Works often result in unique, culturally significant, and aesthetically pleasing products.

While UAE permits business activity Traditional Handicraft Works (3212.97), it is not available for selection in Meydan Free Zone.

• Third-party Approval: No third-party approvals are required for this business activity
• Filing of Economic Substance Return: Business activity 3212.97 is exempt from this requirement.
• Anti-Money Laundering Compliance: Business activity 3212.97 is exempt from this requirement.

Imitation Jewellery Smithing (3212.98) Not available for selection in Meydan Free Zone : This involves the skilled craftsmanship of creating imitation or costume jewellery using metalworking techniques. It includes shaping, forming, and assembling base metals or alloys to produce jewellery pieces that resemble precious metal jewellery. This activity focuses on creating affordable and fashionable jewellery items, such as rings, bracelets, and necklaces, with the appearance of precious metals but without the high cost associated with genuine materials.

While UAE permits business activity Imitation Jewellery Smithing (3212.98), it is not available for selection in Meydan Free Zone.

• Third-party Approval: No third-party approvals are required for this business activity
• Filing of Economic Substance Return: Business activity 3212.98 is exempt from this requirement.
• Anti-Money Laundering Compliance: Business activity 3212.98 is exempt from this requirement.

Please note that while the UAE allows business activities under codes 3212, 3212.96, 3212.97, and 3212.98, these are not available for selection within the Meydan Free Zone.