SORP Group offers prompt and dependable services to foreign investors interested in purchasing a shelf or ready-made business in the UAE. Whether you are looking for a well-established mainland business setup or a Dubai Freezone company setup, our team can assist you. Our specialists know which sources to rely on when looking for an existing or shelf company and the commercial tests to apply to avoid costly mistakes. Compared to setting up a company in Dubai from scratch, acquiring an existing one that is faster and offers several other benefits.
Shelf companies make excellent building blocks for constructing structures. Under UAE law, an existing company has certain advantages that a new company does not. For example, in order to take advantage of new opportunities available to newly incorporated startups, a company must be actively trading for at least two years. Obtaining bank loans, receiving all United Arab Emirates tax benefits, and participating in major government contracts and tenders are all important factors. It is necessary to provide proof of solvency and good trading history. Purchasing the right existing company meets all of those requirements at once.
Objectives of Buying a Ready-Made Company
Building a company from the ground up is a lengthy process involving registering and licensing a new legal entity, opening a current account, and solving organizational issues. Creating a new business can take months and building a reputation may take years. A shelf company solves this problem and allows the buyer to take full control of an existing firm. SORP Group enables you to buy legally and financially verified entities. Here is a list of all the objectives you can easily achieve by purchasing a ready-made company from us.
Prestige and Reputation
Confirms a company's standing and reliability to clients, suppliers, trading partners, and also financial institutions.
Trading History
Bestows credibility when dealing with lenders and suppliers who see a history of accounts receivable, check payments, and transactions.
Tendering
Enables participation in tenders, both in local and international markets, and to act also as guarantor providing surety.
Creditworthiness
Apply for and obtain financial loans and/or leasing from UAE banks and financial institutions.
Residency Status
Obtain a UAE tax domicile certificate and achieve protection from the automatic exchange of tax information (CRS).
Asset Consolidation
Benefit from having a full set of accounts and provide favorable auditor's reports for previous financial periods.
SORP Group Offers Companies For Purchase That Are Verified Legally And Financially
Mainland Registered Trading Company
LLC –Limited Liability Company
More than
2 y. old
Includes
Registration office, confirmation of economic presence
Marketing Management Licensed Company
Sole Establishment (sole proprietorship)
More than
2 y. old
Includes
Registration office, provision of local agent, ESR confirmation
IT Services Licensed Company
Sole Establishment (sole proprietorship)
More than
3 y. old
Includes
Registration office, provision of local agent, ESR confirmation
Event Management Licensed Company
Sole Establishment (sole proprietorship)
More than
2 y. old
Includes
Registration office, provision of local agent, ESR confirmation
General Trading Licensed Company
LLC –Limited Liability Company
More than
1 y. old
Includes
Registration office, confirmation of economic presence
Investment Activities Licensed Company
LLC –Limited Liability Company
More than
1 y. old
Includes
Registration office, confirmation of economic presence
Free Zone Registered Trading Company
FZE – Free Zone Establishment
More than
2 y. old
Includes
Flexi office, 100% ownership, provision of a nominee director and management decision center confirmation service (optional).
Free Zone Registered Consulting Company
FZE – Free Zone Establishment
More than
2 y. old
Includes
Flexi office, 100% ownership, provision of a nominee director and management decision center confirmation service (optional).
Free Zone Registered Logistics Company
FZE – Free Zone Establishment
More than
3 y. old
Includes
Flexi office, 100% ownership, provision of a nominee director and management decision center confirmation service (optional).
Structure for International Business and Transactions
Free Zone Company Registered by IBC with 100% ownership
More than
2 y. old
Includes
Two legal entities, registered address, provision of a nominee director (optional). 100% ownership.
Structure for International Investment Business
Free Zone Company Registered by IBC with 100% ownership
More than
1 y. old
Includes
Two legal entities, registered address, provision of a nominee director (optional). 100% ownership.
Offshore Company (International Business Company)
Free Zone Company Registered by IBC with 100% ownership
More than
2 y. old
Includes
Two legal entities, registered address, provision of a nominee director (optional). 100% ownership.
Investment and Financing Company (Beneficiary Concealment Service)
Local Company Registered by Two UAE Legal Entities
More than
2 y. old
Includes
Nominee local shareholder and FZ company to be re-registered in client’s name
Petroleum Products International Trade (Beneficiary Concealment Service)
Local Company Registered by Two UAE Legal Entities
More than
3 y. old
Includes
Nominee local shareholder and FZ company to be re-registered in client’s name
General Trade Licensed Structure (Beneficiary Concealment Service)
Local Company Registered by Two UAE Legal Entities
More than
3 y. old
Includes
Nominee local shareholder and FZ company to be re-registered in client’s name
Steps to Acquire an Existing Company
Preliminary Business Analysis
We assess your planned business activities and identify the right type
of company for you.
We assess your planned business activities and identify the right type of company for you. We will also suggest whether to go for a mainland company setup or a Dubai Freezone company.
Assess a Suitable Existing Company
We search for suitable companies, find
the target, and check their legal and financial documents and any outstanding debts.
Transfer Ownership
We prepare all documents for the re-registration or change of name process, appoint a nominee.
Immigration Procedures
We obtain permits from the UAE’s immigration departments as well
as resident visas for owners and employees.
Open a Bank Account
We select a banking solution, form a package of documents at the bank’s request, including your company's business profile.
Prepare an Auditor's Report
We prepare consolidated financial statements. If necessary, we will
register a tax residency certificate
for your company.
SORP Group prioritizes detailed verification of potential existing companies prior to a purchase decision. Our lawyers gather and collate all available shareholder details, check for any debt obligations and ensure that licenses are present and valid. Avoiding potential risks requires understanding the subtleties of local legislation. This is very important. SORP Group has been a recognized expert in business consulting in the UAE for over 15 years. Our experts select only proven and guaranteed solutions on your behalf.