The oil and gas sector is one of the most strategic industries in the UAE. It a major contributor to the national economy of the United Arab Emirates. The oil and gas sector demands a wider range of support systems ranging from the oil field, equipment, oil rigs, transaction, logistics, labor, and more. If you want to know how to get oil and gas maintenance services license in Dubai, then here we mention a complete guide for you.
Oil and Gas Maintenance Services License in Dubai
Foreign investment is especially fascinating by Dubai as its economy tints even more, it remains to be one of the prime picks for owners. Whether it is a general or oil and gas maintenance license in Dubai, people are constantly investing in this business in the emirate. This is because of the return that they will receive.
For maintenance license in Dubai, you can select an office anywhere in Dubai, where its office must be situated in accordance to the company strategies. In such case, this is where the platform begins for your organization, by carving it out opening from the right place.
Where to Set Up Oil & Gas Companies in Dubai?
We at SAB (Start Any Business) can help you in this process as per your budget and requirements.Our professionals going through this process times. Our services will surely delight you.
This is the most common question we get asked by companies looking to establish commercial presence in Dubai. It is important to decide an appropriated location for your oil and gas company, you need to choose from the mainland, offshore, and free zone in Dubai. Keep in mind that, oil and gas companies wanting to work with directly to ADNOC group that will require to apply for supreme petroleum council approval.
Steps in Setting Up in Oil & Gas Company in Uae
Setup an oil and gas company in UAE is governed by some regulations from different government departments. The supreme petroleum council has to approve the company to initiate any operations.
- The first step is to finalize the legal form and exact activities of the business
- The next step is to register the trade name and get the initial approval
- The next one is you need to arrange an office lease
- Notarization of Memorandum of Association or service agent contract
- Application for Supreme Petroleum Council approval and commercial license issue
- Registration with the General Directorate of Residency and foreign affairs and Ministry of Human Resources and Emiratization to be able to offer visas for employees.
- You need to apply for a trade license and receive the essential approvals
- After approvals, you get the trade license from the department of economic development
- You need to register your company with labor and immigration
- You have to open a corporate bank account to conduct your business transactions
These all the essential steps that you need to complete for setting up an oil and gas company in UAE. You can also contact our experts who will assist you properly during the process.
What Is the Fee Structure?
The cost of this license in Dubai would be anywhere between AED 15,000 to AED 50,000 approximately or even more. It depends on the different variables like having multiple company partners, the activity of the business, the region of the business setup, business structure, and location of the company, etc.
To customize the cost of the oil maintenance license. Then contact our consultants at Start Any Business.
Documents Requirements for Oil and Gas Maintenance Services License in Dubai
Required documents for oil maintenance license are given below:
- Proof of reservation trade name
- Proof of the activities for initial approval
- Shareholder’s passport copies
- Copy of passport and CV of the manager
- The authorities can require some other documents, also during the process.
- Sheet of personal information of each shareholder and manager
- Valid and notarized power of attorney appointing our firm as your legal representative.
- A lease agreement having a physical address of your business office is obligatory in the UAE.
- These all the necessary documents that you need to prepare. The best business setup consultancy will help you in the process of documentation.
If you are wondering about an oil and gas maintenance services license in Dubai, then no need to worry because ae at Start Any Business here for you to provide a comprehensive range of services. So, if you are interested then contact us, today.
Also Read:- How to Get a Travel and tourism license in Dubai