Oil and Gas Company in Abu Dhabi
Abu Dhabi is one of the world’s largest and most strategically positioned energy producers. Cutting-edge renewable projects are allowing the emirate to position itself as a global leader in sustainable energy.
With ADIPEC (Abu Dhabi International Petroleum Exhibition & Conference) returning to the Abu Dhabi National Exhibition Centre from November 12th, 2018, this subject explores the prerequisites for setting up an oil and gas company in Abu Dhabi and outlines the role of the Supreme Petroleum Council Approval (SPC Approval).
ADIPEC represents a global opportunity for you to connect with over 2,200 exhibiting companies. Engage with confirmed exhibiting 39 IOCs and NOCs, do business with 8 EPC contractors and 11 Service companies to expand your business portfolio.
As a highly regulated industry within the UAE, there is one significant consideration for investors wishing to establish an Oil and Gas company in Abu Dhabi; 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 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 have assisted in the successful set up of the oil and gas company in 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.
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