Oil / Petroleum Broker Part 2

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  • #6906

    This is also in regards with Mr. Engbi

    “Please i want you to note that we do not import or export.

    We just introduce the both parties, that is the seller and the buyer and sign a NCNDA/IMFPA with them so if and when the transaction is successful they pay us our commission for Introducing them.

    We do not import or export, it is e-commerce, electronic trading so we do it mostly on the internet.”

    “So the type and class of business registration is COMMERCIAL BROKAGE CONSULTANCY”

    Is this allowed?

    Can the lead do this with an e-commerce license?

    #6910

    Activity Details

    Commercial Brokers
    Activity Code 4610010
    Activity Group Commercial brokerge
    License Type Professional
    Activity Description Includes firms engaged in bringing together sellers and buyers involved in trade, as well as any domain other than brokerage in real estate, services, shares and bonds and finance, these firms are not allowed to trade on own account.

    It is allowed and it cannot be clubbed with e-commerce

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