ADIPEC 2019
In November 2019, Abu Dhabi once again hosts the largest gathering of the global oil and gas community outside North America for the 20th Abu Dhabi International Petroleum Exhibition and Conference.
The eyes of the world will focus on ADIPEC 2019 between 11 – 14 November 2019, when 110,000+ people are expected to attend the event, shoring up Abu Dhabi’s reputation as a global energy business hub.
The ADIPEC 2019 is ranked 3rd in oil and gas events globally and is unquestionably the leading exhibition and conference for oil and gas professionals in the Middle East, Africa, and Asian sub-continent.
As a highly regulated industry within the UAE, there is one significant consideration for investors wishing to establish a business within the oil and gas sector; i.e. Supreme Petroleum Council Approval (SPC Approval)
The main complexity for foreign investors wishing to set up an oil and gas sector business on-shore in Abu Dhabi is the necessity to find a UAE local partner. As with most countries in the GCC, UAE legislation states that a foreign investor cannot own more than 49% of any business entity in Abu Dhabi, and therefore at least one Emirati partner or UAE Owned Company must be a shareholder in the business, with ownership of at least 51%. As a company formation specialist, Plus UAE can act as the corporate local partner to the foreign investor, providing security and eliminating the requirement to source an individual Emirati stakeholder.
Plus UAE has assisted in the successful set up of numerous companies within the oil and gas sector of Abu Dhabi, our expert team have the necessary skills and knowledge to guide you through the Supreme Petroleum Council Approval process quickly and efficiently, and ensure that your business will be both legal and secure.
Plus UAE can act also as a CORPORATE SERVICE PROVIDER for those who wish to participate and deal with Oil/Gas sector projects in Abu Dhabi without incorporating a local entity. In that case companies ( foreign companies or other emirate registered companies) can evade documentation procedures and the economic barriers of local office setup, license, and other charges. We have represented numerous companies within the oil and gas sectors of Abu Dhabi and they are performing their task successfully.
For more information please contact: +971 2 4919050 | marketing@plusuae.com