What documents does a Bangladeshi national need to start a petroleum trading business in the UAE?

You will need a valid Bangladesh passport (minimum 6 months validity), passport-sized photos, proof of address in Bangladesh, attested documents via Bangladesh Ministry of Foreign Affairs, and a business plan for your petroleum trading venture.

How long does it take for a Bangladeshi citizen to set up a petroleum trading company in DMCC?

The complete process — from initial application to trade licence issuance — typically takes 3–6 business days. Adding visa processing and bank account opening, the total timeline is approximately 13–23 business days.

Can I open a corporate bank account with my DMCC Petroleum Trading licence?

Yes, with a valid trade licence from DMCC, you can open a corporate bank account at any UAE bank. Free zone companies can bank with most major UAE banks including Emirates NBD, ADCB, RAKBank, and Mashreq. IBA assists with introductions and documentation for smooth bank account opening.

How long does it take to get a Petroleum Trading licence in DMCC?

The typical processing time for a petroleum trading licence at DMCC is 3 business days, subject to document completeness and any regulatory approvals. As a regulated activity requiring Ministry of Energy approval, additional time of 1-3 weeks may be required.

What are the tax implications for a Petroleum Trading business in Dubai Multi Commodities Centre?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Free zone companies like those in DMCC may qualify for a 0% corporate tax rate on qualifying income, provided they meet the substance requirements and do not conduct business with the mainland. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.

What documents do I need to set up a Petroleum Trading business in DMCC?

The standard documents required include: passport copies of all shareholders, passport-sized photographs, a completed application form, a business plan or activity description, and proof of address. As a regulated activity, you will also need to provide professional qualifications or certifications required by Ministry of Energy. IBA handles all document preparation and submission on your behalf.

Can I get a residence visa with my Petroleum Trading licence from DMCC?

Yes, your petroleum trading licence from DMCC entitles you to apply for residence visas. The standard package includes 3 visa(s), with the option to apply for additional visas based on your office space. Each visa costs approximately AED 5,200.

Petroleum Trading in Dubai Multi Commodities Centre for Bangladeshi nationals

Free ZoneCommercialRegulated Activity

Petroleum Trading in DMCC

Starting From

AED 15,300

Setup Time

3 Business Days

Visa Quota

3 Visas

Location

Dubai

About Petroleum Trading

As a Bangladeshi national looking to establish a Petroleum Trading business in Dubai Multi Commodities Centre, the UAE offers one of the most welcoming environments for international entrepreneurs. Bangladesh has strong bilateral trade relations with the UAE, and thousands of Bangladeshi professionals have already successfully set up businesses across the emirates.

As a free zone entity regulated under Dubai's commercial laws, your Petroleum Trading business will benefit from 100% foreign ownership and zero corporate and income tax. The DMCC licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 15,300.

With over two decades of experience in UAE business formation, IBA International provides end-to-end support for your petroleum trading setup in DMCC. Our dedicated advisors handle the paperwork, government liaisons, and compliance requirements, so you can focus on building your business from day one.

Why DMCC for Petroleum Trading?

There are several compelling reasons why Dubai Multi Commodities Centre continues to attract petroleum trading entrepreneurs from around the world.

The jurisdiction offers 100% foreign ownership, which is particularly valuable for petroleum trading operations. Additionally, zero corporate and income tax ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 6,300 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. Strategic JLT location further enhances the appeal of DMCC for petroleum trading professionals. Furthermore, world's leading free zone positions your petroleum trading business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, DMCC remains an excellent choice for both start-ups and established commercial enterprises looking to expand into the Middle East and North Africa region.

For Bangladeshi nationals specifically, the Dubai government has fostered a business-friendly environment with streamlined processes that cater to the large Bangladeshi business community.

100% foreign ownership

Zero corporate and income tax

Strategic JLT location

World's leading free zone

Access to commodities market

Visa Requirements for Bangladeshi Nationals

For Bangladeshi entrepreneurs, the visa process works as follows: Bangladeshi nationals require a pre-arranged UAE visa. Employment or investor visa is processed through the company after incorporation. IBA handles the complete immigration procedure — from entry permit to residence visa stamping — so you can focus on launching your petroleum trading business in DMCC.

Banking for Bangladeshi Business Owners

Opening a corporate bank account for your petroleum trading company in DMCC: Bangladeshi entrepreneurs can open corporate accounts with standard documentation. Some banks may require additional proof of business activity. IBA has established relationships with major UAE banks and will personally introduce you to relationship managers who understand Bangladeshi business structures.

Document Attestation for Bangladeshi Nationals

Document attestation for Bangladeshi nationals involves: (1) Notarisation in Bangladesh, (2) Attestation by Bangladesh Ministry of Foreign Affairs, (3) UAE Embassy attestation in Dubai. IBA provides a complete attestation checklist specific to petroleum trading businesses to ensure nothing is missed.

Requirements & Documents

1Valid Bangladesh passport (minimum 6 months validity)

2Documents attested by Bangladesh Ministry of Foreign Affairs

3UAE Embassy attestation from Abu Dhabi

4Professional qualification certificates or approvals from Ministry of Energy

5Passport-sized photographs with white background

6Entry stamp or valid UAE visa copy (if applying from within the UAE)

7Proposed company name (2-3 alternatives)

8Detailed business plan or activity description

Regulatory Note: Petroleum Trading is a regulated activity in the UAE. Additional approval from Ministry of Energy is required. IBA can guide you through the full regulatory process.

Cost Breakdown

Item	Cost (AED)
License Fee	15,300
Visa Package (per visa)	5,200
Flexi Desk	6,300
Shared Office	12,000
Private Office	30,000
Estimated Total (Year 1)	From AED 26,800

* Costs are indicative and subject to change. Contact IBA for a personalised quote.

Setup Timeline

Consultation

Free consultation with IBA to discuss your petroleum trading business plan and the best DMCC licence options for Bangladeshi nationals.

Document Preparation

Prepare and attest all required documents from Bangladesh through Bangladesh Ministry of Foreign Affairs and the UAE Embassy.

Licence Application

Submit the petroleum trading licence application to DMCC. IBA handles all paperwork and government interactions.

Trade Licence Issued

Receive your official DMCC trade licence within 3–6 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. Bangladeshi nationals require a pre-arranged UAE visa.

Bank Account

Open a corporate bank account. Bangladeshi entrepreneurs can open corporate accounts with standard documentation.

Start Operations

Your petroleum trading business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.

Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. DMCC allows 100% foreign ownership for all nationalities, including Bangladeshi nationals. No local sponsor or partner is required.

Petroleum Trading in Other Jurisdictions

DIC

From AED 15,000

RAKEZ

From AED 7,500

DIFC

From AED 12,000

SHAMS

From AED 6,150

JAFZA

From AED 16,000

DMCC

From AED 15,300

IFZA

From AED 11,750

DSO

From AED 12,000