Do you wish to open a gas trading company in Dubai? We must say that UAE is the most suited place to start a gas trading company in the GCC as they are ranked number six worldwide in terms of petroleum reserves.
UAE is about to start new development projects in the oil and gas sector, and that will mark a great opportunity for both local and foreign investors who wish to open petroleum companies in Dubai and the other Emirates.
There are no specific regulations for oil and gas exploration in Dubai, but certain laws named Concessions are there allowing specific investment permissions, for foreign investors. The Supreme Council of Energy provides incentives for Dubai companies investing in the energy sectors.
The extraction of petroleum-based products in Dubai is approved by the Government only through concession agreements. The law says, foreign companies are allowed to participate as minority shareholders in state-controlled holding companies in Dubai.
If you want to set up a gas trading company in Dubai, Bizvise is happy to help. Our incorporation agents in Dubai will help you with the registration, application, and license procedures.
The gas trading company setup procedures are easy in Dubai. Below mentioned are some of the general steps to follow for setting up a petroleum-based company in Dubai and this might vary according to the place.
You can finalize a location of your choice from the Mainland, offshore, and many free zones in Dubai. All these locations have a different set of advantages. So, before finalizing the location conduct thorough research on the pros and cons of the locations.
It is important to create a business plan to have a crisp idea about what to do and what to expect while opening a gas trading company in Dubai. Authorities may ask you to submit your business plan for better understanding.
Details such as the number of employees, trading items, information regarding office space, investment, budget, Business partner details, list of suppliers, marketing, etc should be projected in the business plan.
Decide upon a business name and register the business name with the concerned department. Make sure that you abide by the strict naming rules of Dubai while naming your company.
You can select either a commercial license or a general trading license for your business. Now apply for your license with the concerned legal body. Submit your application form and necessary documents online. After inspection, the government officials will grant you the license.
After getting the license, you should get additional approvals. Depending upon the nature of your business and business activities and services, get approval from the concerned council.
Once you complete every formality, you can open a bank account in Dubai. Opening a bank account is a tough task, but Bizvise will make these procedures easy for you.
To make sure that everything is on spot, connect with Bizvise and we will take care of all the complicated procedures of setting up a business in Dubai. We will help you not only with the application procedures and opening bank accounts, but also with handling government formalities, permissions, permits, and applications required to trade in the UAE
For an easy incorporation process of your business, connect with Bizvise.
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