info@businesslinkuae.com
  • +971 55 6070 118
  • +971 43 215227
  • Book an appointment
  • About us
    • Company Profile
    • Our Clients
    • Clients Testimonials
  • Business Setup
    • Mainland Company Setup
      • Limited Liability Company
      • Civil Company
      • Sole Establishment
      • Subsidiary Company
      • Professional License
      • Commercial License
      • Industrial License
      • Branch Office Setup
      • Branch of Foreign Company
    • Free Zone Company Setup
      • Dubai Free Zones
      • Sharjah Free Zones
      • Abu Dhabi Free Zones
      • Ajman Free Zones
      • Fujairah Free Zones
      • RAK Free Zones
    • Offshore Company Setup
      • JAFZA Offshore
      • RAK Offshore
      • Ajman Offshore
      • British Virgin Islands
    • Business Setup Packages
  • Our Services
    • PRO Services
    • UAE Visa Services
    • UAE Local Sponsor
    • Corporate Sponsorship
    • Virtual Office Setup
    • Legal Typing and Attestation
    • VAT & Bookkeeping
    • Company Liquidation
    • Open Bank Account
    • Product Registration
    • Trademark Registration
    • Professional Business Email
  • What’s New
    • Our Blog
    • Press Release
  • FAQ
    • FAQs for Business Setup in UAE
    • FAQs for Business Setup in KSA
  • English
    • العربية
    • русский язык
    • 中文

How to Start Oil Trading Business in UAE?

    Home Blog Business Setup How to Start Oil Trading Business in UAE?
    How to start oil trading business

    How to Start Oil Trading Business in UAE?

    By Reda Mansour | Business Setup | 0 comment | 6 August, 2019 | 0

    The oil and gas trade is a key business in the UAE; A handful of entrepreneur plans to start an oil marketing business, as it is known to be highly profitable. The United Arab Emirates ranks fourth in the export of crude oil just after Saudi Arabia, Iran, and Iraq.

    As part of OPEC, the UAE also has a global responsibility to provide the supply against global demand for crude oil and also to balance prices. Establishing the trade of crude oil and gas seems to be the right choice for most investors.

    In Dubai, the situation is completely different, so it is possible to open a full-fledged office for an oil company and oil trader with employees and operational personnel in the country and use all the advantages of favourable taxation at a rate of 0 % in Dubai.

    The main limitation when working with oil companies and oil traders are the conditions that stipulate that commercial activity should not be linked to local energy sources in the UAE.

    The UAE oil and oil trade market has its own conditions, if the commercial activity is linked to local oil reserves, the full details of which we cannot describe in this short article.

    In short, several permits and licenses will be required for that type of activity and that company will pay taxes in the UAE. The UAE local partner is also necessary for this type of company.

    For all other commercial activities in the field of oil trade and other energy sources, taxation is at a rate of 0%. This company can be opened in one of the free trade areas in Dubai, UAE and have 100% natural or legal foreign ownership.

    The bank account for this company can be opened in the UAE, where there are many local and international banks present.

    Steps to follow for setting up an oil trading business in UAE

    Check out the steps below showcasing the exact process that you need to follow for oil and gas trading company setup in Dubai UAE.

    1. Plan your business

    You can start your company in one of the more than 25 free zones. As a local company, you can begin in any of the 7 Emirates [Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Umm Al Quwain or Ras Al Khaimah] of the UAE.

    2. Consult with a company registration agent

    More than 2,000 activity licenses and more than 28 jurisdictions to choose from are available. So, decision making is just complex. All jurisdictions do not offer all activities. And each one specializes in one way or another.

    3. Select the activity and jurisdiction

    A specific commercial license will allow you to trade with specific products. A general trade license, which is more expensive, will allow you to trade with many products.

    4. Find a sponsor if you are registering locally

    There are 3 types of sponsors

    Those who will sign their documents and expect them to take care of their problems. Some of them will sponsor professional companies. This type will charge the lowest rates.

    The second type is middle-level government official with connections that will help you when you are stuck. Your rates will be higher, but they can come with you if you need help.

    These sponsors are high-level brands that are connected to higher levels. Your rates will be high. His hope would be that his name is enough to do his job.

    5. Get detailed costs for setting up your company

    The company’s registration companies will give you detailed costs for incorporating your company and grant you licenses. Visas cost extra.

    Business Link UAE has helped numerous clients open Oil Trading business in UAE, detailing all the steps, costs, regulations and legalities. Our team of knowledgeable and experienced professionals will guide you thoroughly removing all the hurdles on the way.

    No tags.

    Related Post

    • CompanyLiquidation

      Complete Guide To UAE Company Windup / Liquidation

      By Reda Mansour | 0 comment

      Even though Dubai offers one of the best business environments in the world, there are times when companies fail due to unseen and unexpected reasons. Falling demand for a particular product/service, worldwide economic recession, over supply and saturation are some of those.

    • Super Market Business Link UAE

      Know The Ropes Of Supermarket & Grocery Start-Ups In Dubai, UAE!

      By Reda Mansour | 0 comment

      A new business set-up is like baking a cake, it is important to have all the ingredients in right proportion. If you are planning to start a Supermarket or grocery business in Dubai or UAE, ensure you have all needful resources right off the bat.

    • International Finance Centre - Business Link UAE

      Dubai International Finance Centre Business Setup Benefits

      By Reda Mansour | 0 comment

      6 Benefits of setting up a company in DIFC: The DIFC, or Dubai International Finance Centre, is a great place for anyone to set up a business. There are many advantages to DIFC Business Setup when compared to doing business in other parts of the world.

    • LiquidateCompanyJAFZA - BusinessLinkUAE

      How to Liquidate a Company in Jebel Ali Free Zone?

      By Reda Mansour | 0 comment

      All we all know that JAFZA (Jebel Ali Free Zone) is one of the fastest growing free zones in UAE which gives all companies a direct access to a market of over 2 billion people. It attracts new investors as well as foreign companies to start their business over here. De-registration of a company comes normally because of owner …

    • Scope-of-Setting-up-a-Small-Business

      What is the Scope of Setting up a Small Business in Dubai?

      By Reda Mansour | 0 comment

      Dubai, the crown jewel of the UAE, is fast becoming the much sought-after place to set up a new business in the Middle East. Dubai offers a flexible business environment, has as a liberal government and it fosters a culture of friendly competitiveness and coexistence.

    • E commerce Start up in Dubai

      E Commerce Business Setup in Dubai – It is Easier than You Think

      By Reda Mansour | 0 comment

      We simply can’t ignore the obvious fact that Dubai is a city of opulence and its residents are extremely tech savvy. You can easily spot people flashing their iPhones and MacBook’s almost everywhere.

    • Qualitative PRO Services for Smother Business Setup Process in Dubai UAE

      Qualitative PRO Services for Smother Business Setup Process in Dubai UAE

      By Reda Mansour | 0 comment

      Documentation, legalities and clearance are matters that require expert assistance in conjunction with communicative support. And here, Business Link comes into practice with a team of experts active in providing qualitative PRO Services.

    • Staff Accommodation Services in Dubai Business Link UAE

      Staff Accommodation Services in Dubai – Labour Camps in UAE

      By Reda Mansour | 0 comment

      Success triggers growth. And growth triggers the need for enhanced manpower. This has been the hallmark of businesses in Dubai for the past decade or so, especially in the real estate / property sector.

    Business Setup

    • Mainland Company
    • Offshore Company Formation
    • Free Zone Company
    • Business Setup in Dubai UAE
    • Abu Dhabi Business Setup
    • Business Setup in Ajman
    • Business Setup in KSA
    • Business Setup in Oman
    • Free Zone Company
      • Dubai Free Zones
      • Abu Dhabi Free Zones
      • Sharjah Free Zones
      • Fujairah Free Zones
      • Ajman Free Zones
      • RAK Free Zones
    • Our Services
      • PRO Services
      • UAE Visa Services
      • UAE Local Sponsor
      • Corporate Sponsorship
      • Company Liquidation
      • Legal Typing and Attestation
      • Virtual Office Setup
      • Open Bank Account
      • VAT & Bookkeeping
      • Product Registration
      • Trademark Registration
      • Professional Business Email

    Recent Posts

    • Iranian Visa Dubai

      Dubai Visa for Iranian Citizens

      Dubai has emerged as one of the most favorable places to visit

      31 January, 2021
    • Setup your Business in Oman with 100% Ownership

      How to setup Business in Oman with 100% Foregin Ownership?

      In the last 40 years, Oman has made significant progress towards the

      24 January, 2021
    • Dubai Property Investor Visa

      Dubai Property Investor Visa

      Complete Guide to Getting Dubai Property Investor Visa Different countries have different

      16 January, 2021
    • International Free Zone (IFZA) Company Formation

      Company Setup in IFZA Free Zone – Why? The UAE has grown exponentially

      16 January, 2021

    Contact Address

    United Arab Emirates
    Oasis Center, 3rd Floor, #104
    P.O box: 282007
    Sheikh Zayed Road
    Dubai, UAE

    Phone Number
    Dubai Branch: +971 43 215227
    Mobile: +971 55 6070 118

    Email Address
    info@businesslinkuae.com

    Saudi Arabia

    2538: Abi Moaz Al-Ansari
    Al-Rabi’a – Riyadh
    P.O. Box: 87772
    Postal code: 11671

    Mobile: +966 501 468 671

    Email: info@businesslink.sa

    Working Hours
    We are Open From
    9:00 am to 6:00 pm
    Saturday to Thursday

    business setup in dubai uae

    Business Setup

    • Mainland Company
    • Offshore Company Formation
    • Free Zone Company
    • Business Setup in Dubai UAE
    • Abu Dhabi Business Setup
    • Business Setup in Ajman
    • Business Setup in KSA
    • Business Setup in Oman
    • Our Services
      • PRO Services
      • UAE Visa Services
      • UAE Local Sponsor
      • Corporate Sponsorship
      • Company Liquidation
      • Legal Typing and Attestation
      • Virtual Office Setup
      • Open Bank Account
      • VAT & Bookkeeping
      • Product Registration
      • Trademark Registration
      • Professional Business Email

    Latest Blogs

    • Iranian Visa Dubai

      Dubai Visa for Iranian Citizens

      Dubai has emerged as one of the most favorable places to visit

      31 January, 2021
    • Setup your Business in Oman with 100% Ownership

      How to setup Business in Oman with 100% Foregin Ownership?

      In the last 40 years, Oman has made significant progress towards the

      24 January, 2021
    • Dubai Property Investor Visa

      Dubai Property Investor Visa

      Complete Guide to Getting Dubai Property Investor Visa Different countries have different

      16 January, 2021
    • Types of Business Setup in UAE

      Type of Business Setup in UAE

      Different Operating Jurisdictions in UAE – Mainland or Free zone or Offshore

      9 January, 2021
    • Why Choose Business Link UAE

      Why choose Business Link UAE ?

      Why Choose Business Link UAE? Numerous people in a year visit Dubai.

      28 December, 2020

    Business Link Profile

    We Accept Payment Options

    We Accept

    Subscribe to our Newsletter

    • Our Team Members
    • Privacy Policy
    • Copyrights
    • Disclaimer
    • SiteMap
    • Contact Us
    © 2008-2021 Business Link UAE | All Rights Reserved.
    • Home Page
    • About us
    • :: Company Setup in UAE ::
    • Mainland Company
    • Free Zone Company
    • Offshore Company Formation
    • Our Services
    • :: Business Services ::
    • PRO Services
    • UAE Visa Services
    • FAQs for Business Setup in UAE
    • FAQs for Business Setup in KSA
    • Our Blog
    • Press Release
    • Contact Us


      Services Required *