Petroleum Trading in JAFZA Offshore
Starting From
AED 18,000
Setup Time
5 Business Days
Visa Quota
0 Visas
Location
Dubai
About Petroleum Trading
Setting up a Petroleum Trading business in JAFZA Offshore as a Canadian citizen is a straightforward process when you understand the specific requirements that apply to Canada-based entrepreneurs. IBA International has helped hundreds of Canadian business owners navigate the licensing, visa, and banking procedures unique to their nationality.
The licensing process at JAFZA Offshore has been streamlined significantly, with most commercial licences processed within 5 business days. As an offshore entity, you benefit from maximum privacy and asset protection. The base licence fee is approximately AED 18,000, making it competitively priced for the services included.
At IBA International, we simplify the process of establishing your petroleum trading business in JAFZA Offshore. From selecting the right licence type to securing your visa and opening a corporate bank account, our experienced team ensures every detail is handled professionally and efficiently.
Why JAFZA Offshore for Petroleum Trading?
JAFZA Offshore is widely regarded as one of the UAE's premier destinations for commercial businesses, and for good reason.
The jurisdiction offers zero tax on all income, which is particularly valuable for petroleum trading operations. Additionally, full capital repatriation ensures that your business remains competitive in the regional market. The offshore structure provides maximum confidentiality and is ideal for holding assets, intellectual property, and international trade operations. Many international businesses choose the offshore route for its streamlined compliance requirements and ability to open multi-currency bank accounts with leading UAE banks. Corporate bank account access further enhances the appeal of JAFZA Offshore for petroleum trading professionals. Furthermore, no physical office required positions your petroleum trading business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, JAFZA Offshore remains an excellent choice for both start-ups and established commercial enterprises looking to expand into the Middle East and North Africa region.
For Canadian nationals specifically, the Dubai government has fostered a business-friendly environment with streamlined processes that cater to the large Canadian business community.
Visa Requirements for Canadian Nationals
Banking for Canadian Business Owners
Document Attestation for Canadian Nationals
Requirements & Documents
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 | 18,000 |
| Estimated Total (Year 1) | From AED 18,000 |
* 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 JAFZA Offshore licence options for Canadian nationals.
Document Preparation
Prepare and attest all required documents from Canada through Global Affairs Canada / Provincial Authentication and the UAE Embassy.
Licence Application
Submit the petroleum trading licence application to JAFZA Offshore. IBA handles all paperwork and government interactions.
Trade Licence Issued
Receive your official JAFZA Offshore trade licence within 5–8 business days.
Visa Processing
Process your UAE residence visa, Emirates ID, and medical fitness. Canadian nationals can enter the UAE visa-free for 30 days.
Bank Account
Open a corporate bank account. Canadian nationals generally experience smooth corporate bank account opening.
Start Operations
Your petroleum trading business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.
Total estimated time: 5 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
Yes. JAFZA Offshore allows 100% foreign ownership for all nationalities, including Canadian nationals. No local sponsor or partner is required.
Petroleum Trading in Other Jurisdictions
Get Started Today
Ready to set up your petroleum trading in JAFZA Offshore? Our team is here to help.
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Official Source
www.jafza.ae ↗Popular in JAFZA Offshore
By IBA Business Setup Team
Last updated: 26 February 2026
International Business Advisors DMCC has been helping entrepreneurs set up businesses in the UAE since 2004, with 20+ years of hands-on expertise.
Ready to Start Your Petroleum Trading?
Get a personalised quote for setting up your petroleum trading in JAFZA Offshore. Our advisors are ready to guide you through every step.