Enzyme‐catalyzed oxidations represent a versatile approach for the production of optically active building blocks and natural products. Moreover, enzymatic reaction conditions are often mild and with high atom economy, thus, enabling the basis for future environmentally friendly chemistry. As a result, several biocatalytic oxidative processes have already been implemented on an industrial scale as well, clearly showing that modern biocatalysis can compete economically with other chemical‐based processes. This chapter thoroughly describes the different types of oxidative enzymes that can be found in nature, namely, dehydrogenases, oxygenases, oxidases, and peroxidases, with emphasis on their mechanism and occurrence. Furthermore, several outstanding examples of biocatalytic applications of these enzymes are given—either by means of recombinant whole cells or isolated enzymes—involving the production of different drugs and natural products in which a catalytic step is catalyzed by these oxidative enzymes.