The United Arab Emirates is known around the world for its booming economy. While there are many successful industries in the UAE, the oil and gas sector is one that dominates the national economy. In fact, Abu Dhabi is one of the largest energy producers in the world!
If you want to take part in this developing market, there are plenty of opportunities for business. Oil and gas companies in UAE need a wide range of support from equipment, to oil rigs, logistics, transportation, and more. So, it’s an excellent environment for setting up an oil and gas company. And with the help of the experts at MSZ Consultancy, business setup has never been easier!
The oil and gas industry in the UAE is always evolving. Right now, the area is a major oil producer and exporter, with an average of 4 million barrels per day being produced. However, there are plans right now to increase crude oil production to 5 million barrels per day by 2030.
There are also current reforms underway to become self-sufficient in gas production and expand refining and petrochemical operations. These expansions are great opportunities for investors in technologies, equipment, chemicals, machinery, and services.
All oil companies in UAE must first be approved by The Supreme Petroleum Council. It is recommended that companies apply for the Supreme Petroleum Council approval during the initial incorporation process. The approval will take about 24-48 hours.
Here’s a list of the other steps that are needed for an oil and gas company setup in the UAE:
As we mentioned earlier, all oil and gas companies need to get approval from the Supreme Petroleum Council. This can be done through the Abu Dhabi Department of Economic Development (ADDED). You’ll need the work IDs of the local sponsor or service agent to apply for this approval.
Depending on your business activity, your company may require special approvals.
These companies have to get a trade license with an additional activity: Onshore and Offshore Oil and Gas Field and Facilities Services:
If you need to access the oil field, you’ll need another approval from the Critical Infrastructure and Coastal Protection Authority (CICPA).
This may seem like a difficult process, but it’s actually pretty simple with MSZ Consultancy on your side. We have helped numerous Middle East oil companies setup their businesses, and we can help you too. Our team of experts will make sure you meet all the requirements that are needed to successfully form your company without any issues.
There are so many benefits to setting up an oil and gas company in the UAE. The numbers speak for themselves:
Not only would you setup a business in an industry that’s already booming, but you also get the advantages that come with a business setup in the UAE like:
If you’re ready to form your own oil and gas company in UAE, we are ready to help! At MSZ Consultancy, we have the best team of consultants that are experts in business setup across all seven Emirates. We can easily help you form your company without any problems and give you the tools you need to be successful. Get started today with a free consultation at +971 52 544 1248.
We help you form your company from start to finish. We start from scratch, then will guide you through the business setup process by providing you with everything you need to get your business registered. We will also give you the financial advice and suggestions that you need along the way to ensure that your company succeeds.
We help along every step of the way. We have a unique team of business consultants, lawyers, and PRO executives that are skilled in all aspects of business setup. Our expert staff will help in all areas of company formation, from paperwork, legal advice, financial expertise, trademark registration, and more. We will make sure you have everything you need to successfully form your company without any issues.
We are trusted experts in business setup. We aim to provide the best possible service in the industry. Everything that we do is designed to make things easier for you. We will take your ideas and craft an individual plan that’s tailored to meet all your needs. We guarantee that you won’t find a company that’s more dedicated to providing the best quality services than MSZ Consultancy.
We provide you with everything you need to protect your work. We specialize in trademark registration, renewal, amendments, and more.
If you’re a foreign entrepreneur, then you will need a local sponsor that will serve as a sleeping partner and own 51% of your company. We have access to the most reliable sponsors that you can easily trust with your company.
Our Public Relations Officer services can handle all your documentation and clearing services. Let us take care of your license renewals, visas, labor contacts, immigration paperwork, and other legal formalities.
It’s important to get a corporate bank account set up for your business, so you secure your assets. We can help you open your account and make sure that you meet all the requirements for the bank that you choose.
If you plan on importing, manufacturing, re-exporting, or distributing your products, then you’ll need to get them registered. This will ensure consumers that your products are safe. We can take care of the entire process for you.
It can be challenging to find an office or building for your business if you aren’t familiar with the area. That’s why we have several business centers located in strategic locations throughout Dubai. We can easily find the perfect spot for your company.
Company liquidation is a long and tedious process, but you don’t have to do it on your own. We have a team of legal experts that can guide you through the entire process. Let us help your company minimize your legal liabilities and financial losses and make sure you’ve met all the legal requirements for successful company liquidation.
WhatsApp us