SPOT GOLD (XAU/USD): $3,382.40 +0.64%
DUBAI 24K (AED/G): 399.35 AED Spot Parity
DUBAI 22K (AED/G): 365.80 AED Spot Parity
TEN TOLA BAR (116.64G): 46,540 AED Continuous Liquid
1KG CAST BAR 999.9: 399,500 AED Institutional Ask
CURRENCY:
SIMHA
Trade Desk
REGULATORY INTEGRITY

Compliance, AML & Zero UAE VAT

Simha Bullion operates in strict adherence with UAE Federal Financial Intelligence regulations, Dubai Economy licensing, and international OECD supply chain standards.

STATUTORY TAX CODE

UAE Zero VAT on Investment Precious Metals

FEDERAL DECREE-LAW NO. 8 • ARTICLE 47

Under Article 47 of the UAE Executive Regulations for Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT), the supply of investment precious metals (gold of 99% purity or higher in tradeable bar or coin format) is subject to the **Zero-Rating VAT rate (Zero UAE VAT)**. Simha Bullion supplies only certified investment-grade bullion compliant with these statutory thresholds.

100% Tax-Exempt Investment Status
ANTI-MONEY LAUNDERING

goAML FIU Integration

UAE FIU • REAL-TIME SANCTIONS SCREENING

Fully integrated with the UAE Financial Intelligence Unit (FIU) goAML platform for automated suspicious transaction monitoring, PEP verification, and United Nations / UAE Consolidated sanctions screening.

ONBOARDING REQUIREMENTS

Client Due Diligence (KYC)

All institutional and individual counterparties must undergo tiered KYC onboarding prior to executing trade orders exceeding statutory cash or transaction thresholds.

Corporate Account:
  • • Trade License & Certificate of Incorporation
  • • MOA / Articles of Association
  • • UBO Declaration (≥ 25% ownership)
  • • Authorized Signatory Passports & EID
Individual Account:
  • • Valid Passport with UAE Entry / Visa
  • • Emirates ID Card (UAE Residents)
  • • Proof of Address (Utility bill)
  • • Declaration of Source of Funds