Open Dubai Business in Electricity,Gas and Air Conditioning
Open Dubai Business in Electricity, Gas and Air ConditioningUpdated on Wednesday 24th May 2023
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Because the UAE offers many business opportunities for foreign investors but also for residents, many types of companies have been developed. A business in electricity, gas, steam and air conditioning supply in Dubai may represent a proper type of activity which can generate money. The legislation in this sense should be considered by entrepreneurs willing to activate in the energy sector. Our lawyers in Dubai can provide you with the necessary legal assistance when incorporating a company.
How to register a company in the energy sector in Dubai
The prolific energy sector in the UAE and particularly in Dubai offers a wide range of businesses among which we mention the electricity, gas, steam and air conditioning supply. One can set up a limited liability company in order to operate such business in Dubai’s free zones. From a legal point of view, the activities of such kind of business must respect the provisions of Dubai Electricity Law. Our Dubai lawyers are at your disposal with comprehensive legal support when establishing a company in the energy field.
Steps involved in opening a company in the energy sector in Dubai
As it is known, the UAE is a major player in the gas and oil sector among players worldwide. The activities of companies in the electricity and gas sector in Dubai are controlled by Dubai Electricity Law through the Ministry of Energy in the country. The supply of electricity, gas, steam and air conditioning for households in Dubai attracts foreign investors who want to operate in this flourishing sector. Because Dubai continues to expand, and many citizens decide to relocate here, entrepreneurs from abroad have focused on supply companies to serve in this domain, and moreover, they have the possibility to operate in the renewable energy sector.
An LLC in Dubai is the proper business form through which an electricity, gas, steam and air conditioning company can work. We mention that a limited liability company can be established in Dubai’s free zones for 100% ownership. One must bear in mind that special licenses and permits are mandatory to activate in this field and those are:
• the electrical license for contractors and consultants;
• the utility license for consultants;
• the trade license for the company.
If you want to understand the rules and regulations connected to the energy sector in Dubai, we suggest you address to our Dubai attorneys.
The energy sector in Dubai
According to statistics, the fastest growing electricity market on an international scale is represented by the UAE, a country who continues to develop innovation in the energy sector. Offering consistent and firm supply of energy, the UAE is a significant player that relies on the oil and gas field for many years. Likewise, the UAE has complete autonomy in regulating the energy and the resources related. The gas reserves in this country place the UAE on the 5th place in the world in the energy sector.
If you are interested in having a business in electricity, gas, steam, and air conditioning in Dubai supply, we invite you to contact our law firm in Dubai.
We also offer consultancy in immigtration to UAE. The new Dubai freelance visa for self-employment offers a 5-year residency for freelancers and self-employed people in the UAE without the need for a sponsor or employer in light of the significant global growth of the remote-working industry and the idea of flexible work arrangements. So, if you need assistance in applying for it, you can count on our lawyers.