There are many industries in which foreign investors can set up companies in Dubai with high chances of success. During the last several years, foreign investors have found interesting opportunities in the energy sector, however there also other who took advantage of climate and registered companies dealing with the installation and maintenance of air conditioning systems.
The supply of various services in the electricity sector is comprehensive and foreign investors can open various types companies in Dubai in order to offer them. Below, our Dubai company formation consultants explain how to open a business on electricity, gas, steam and air conditioning supply in this emirate.
The Energy Act is the main law governing the supply of electricity and gas in Dubai and it can also be extrapolated to companies offering steam and air conditioning services to households and companies in the emirate.
Foreign and local investors who want to open a company for the supply of gas, electricity, steam and air conditioning must first register a company in Dubai or one of its free zones and then obtain a license for offering their services. The free zone dedicated to such activities is the Dubai Energy Park which is part of the Research and Biotechnology Park.
Our company incorporation agents in Dubai can offer information on the legislation related to starting a business on the supply of electricity, gas, steam and air conditioning.
Once the Dubai company is registered, the operator must obtain certain licenses with the Dubai Electricity and Water Authority (DEWA).
The following types of licenses are available for companies supplying electricity, gas, steam and air conditioning in Dubai:
These licenses are available for the employees, while the company must obtain a trade license with the Dubai Trade Register.
For assistance in opening a company for the supply of electricity, gas, steam and air conditioning, please contact our advisors in Dubai.