Contacts

Contact us on WhatsApp

 ru

Best Anti-Crisis Management Company in the UAE

Finding your way out of a crisis situation requires critical business decisions that can make the
difference between survival and collapse. Engaging expert advice is a vital first step. SORP Group
crisis management tools and techniques make recovery as efficient and easy as possible.

Presentational image for an article

As a business setup company in Dubai, we understand that the right strategy is essential to overcome any challenge and achieve success. That's why SORP consultants are here to offer comprehensive anti- crisis support and outsourcing services to support your business activities. We can assist in making the right decisions and selecting the best approach to enhance your business while complying with UAE laws and regulations. Trust us to guide you toward success in any situation.

Top Reasons That May Lead to Unprofitable Business in UAE

Wrong Choice of License and Place of Incorporation

Choosing the wrong license or place of incorporation can prevent your company from reaching its intended target audience. This mistake can hinder the company's ability to operate in the desired niche and geographic area. It's important to research and understands the licensing and incorporation requirements in the UAE to make an informed decision.

Lack of Unique Selling Proposition

Not having a Unique Selling Proposition (USP) can make it difficult for your company to differentiate itself from competitors in the market. Without a USP, the company may struggle to remain competitive and attract customers. Developing a strong USP is crucial for the success and growth of any business in the UAE.

External Circumstances

External circumstances, such as an incorrect development strategy or misunderstanding of the business environment, can lead to financial losses. It's important to conduct thorough market research and analysis to avoid making decisions that could lead to adverse outcomes. Being aware of external factors that could impact the company's growth and taking necessary measures to mitigate risks can help prevent financial losses.

Risky Financial Strategy and Excessive Borrowing

Implementing a risky financial strategy or taking on excessive debt can result in difficulties paying bills and suppliers on time. This mistake can damage the company's reputation and hinder its ability to grow and succeed in the long term. Developing a sound financial strategy and managing debt responsibly is crucial for the financial stability and growth of any business in the UAE.

Why Not Shut Down Your Company and Flee from Your Financial Issues?

The most crucial thing to remember for a businessman in a challenging circumstance is to resist the urge to depart the UAE and leave everything as it is.

You will commit a serious error by doing this, and the repercussions will have a negative effect on your life.

Consequences of an Abandoned Business

Publicity at the International Level due to Automatic Exchange

Get a consultation
Initially, the event will be publicized internationally and you will lose your tax resident status, the moment you cease your activities in the country.

This implies that all information about you and your business (such as violations, debt obligations, unfulfilled contracts in the UAE, etc.) enters the automatic information exchange system and becomes public knowledge.

The existence of such information in the international systems will have detrimental effects on you and your business as a whole which will eventually ruin your reputation and demonstrate your incapability and irresponsibility.

Negative Impact on Credit History Because of Unresolved Obligations and Unpaid Debt

Get a consultation
Secondly, outstanding debts and obligations will have a bad impact on your credit history worldwide. Almost all developed countries use the international banking system for collecting information about business entities around the world.

This is a sort of international database that contains data on all debts, penalties, unfulfilled duties, businessmen's violations of labor laws, and much more. Leaving a business with such “luggage”, you run the risk of being blacklisted not just in the UAE but also in other developed nations, as well as with major international banking organizations. As a result, you have much fewer opportunities to get loans and loans for the expansion of a new firm on favorable terms.

Restriction on Free Movement through and within UAE

Get a consultation
Thirdly, you limit your freedom of movement. With numerous lines passing through UAE, it is the biggest transportation hub.

You won't be able to use the UAE as a transit point any longer if you have unpaid debts on the territory of the nation because you will be deplaned and taken into custody until all outstanding debts are settled.

Possible Negative Interpretation of Income as Fraudulent

Get a consultation
Lastly, your income may be considered fraud and you will be the subject of a criminal investigation, which could result in a worldwide search

How to Resolve a Crisis Situation Legally?

All of the aforementioned considerations imply that, if you are about to enter a crisis or are having financial troubles, you must act in accordance with the text of the law, regardless of the scenario and circumstances.

Business Bankruptcy

Court-ordered liquidation of the business due to financial insolvency

Liquidation of a Legal Entity

With a subsequent business liquidation process, it is important to close all bank accounts and debts.

Business Sale

In the UAE, a ready-made working business setup in Dubai mainland or freezone area is always in demand, making it a lucrative solution.

Temporary Suspension of a License

A business may be put on hold for up to three years while continuing to operate as a licensed legal entity.

Financial
Restructuring

Taking legal action and starting a thorough financial recovery process

Crisis
Management

Put your faith in our solutions to pull your company out of a challenging circumstance.

With the help of our certified company formation consultants, you will be able to go through a financial recovery process to discover a way to pay off debts, and depending on your goals, organize your business or finish all necessary paperwork.

Learn More About How to Get Out of Crisis

Bankruptcy

If you realize that your company's financial situation is approaching a critical indicator, you must act quickly to appear in court and begin a financial recovery action before your creditors have the authority to file a criminal complaint against you.

Upon examination of your application, the court will appoint a professional (trustee) to do a financial audit, determine the total amount owed to creditors, and assist you in creating a repayment plan. This document is filed with the court and given to creditors who are compelled to concur to these terms because they want to be paid back by you. The Financial Restructuring Committee is responsible in this case for monitoring the management of the bankrupt company's operations.

  • Pre-trial
    Settlement

    Drafting of employment, service, and investment agreements

  • Outsourcing
    Services

    Accounting, tax, consulting and legal support

  • PRO
    Business Support

    Immigration procedures and processing of employees in the Ministry of Labor

Liquidate a Legal Entity and Revoke a License

You must put an end to the business as soon as possible if it did not succeed, you no longer wish to conduct business in the United Arab Emirates, or you recognized that you selected the wrong jurisdiction or license type. In this situation, you must pay out the staff, deregister, terminate the license, shut all bank accounts, and fulfill all your financial obligations to counterparties. This process will take little time if there are no debts.

If you wish to stay in the UAE and intend to resume your employment, then you will need to go through the process of registering a legal entity again. However, this time picking the appropriate location and gaining approval for appropriate operations is necessary.

  • Support for Tax Deregistration

    Drafting of employment, service, and investment agreements.

  • License Revocation Support

    Assistance in passing the deregistration procedure in state bodies.

  • Assistance in Closing a Bank Account

    Communication with government authorities on behalf of the company.

Sell Business

A working firm that is already established is always in great demand in the UAE. The high level of commercial activity in the nation and the ongoing flood of new investors are the main reasons for this. Businesses with the following traits are valued the most: they have a thriving client base, hired staff, completed a financial audit, developed a development plan, and the company has been running effectively in the UAE for a considerable amount of time.

Transferring the firm to a new owner is a sensible and speedy legal option to exit the venture if you do not want to continue developing it after receiving a respectable financial reward for your work. Specialists in SORP offer a wide range of services to support business acquisition and disposition activities.

  • Comprehensive Business Audit and Valuation

    We will conduct an audit and audit examination of all financial indicators and management

  • Marketing Strategy Development

    Assessment of competitiveness, as well as the actual cost, identification of advantages and trends

  • Business Re-Registration Support

    Accompanying the re-registration of a business and ensuring complete security of the transaction.

Freeze a License for a Certain Period

To conduct business in the UAE, you must make specific investments, including license renewal, getting an office space for rent, and legal and accounting services. There are situations when your business, although being in the appropriate location and holding the necessary permissions, fails to generate the expected profit, making it unprofitable to cover its expenses.

Such situations compel you to consider stopping your activity. In this case, SORP consultants recommend using the license freeze service. This step will save you from having to go through the challenging process of liquidation and start over from scratch. You will retain the legal entity and license for up to three years.

  • License Freeze Support

    Communication with government authorities on behalf of the company

  • Legal and PRO-Service

    Drafting of employment, service, and investment agreements

  • Development Strategy in the Post-Crisis Period

    Drawing up an individual anti-crisis model, taking into account the business environment of the UAE

Anti-Crisis Management, Financial Restructuring, and Cost Optimization

Control, audit, and risk management are crucial for corporate success. Take cost-optimization measures if you realize that operating costs are too high.

It is essential to evaluate the efficiency of the staff's job and create a system for boosting labor productivity in order to accurately assess and identify the "problem" areas of your operation. If necessary, it's important to retrain key employees and optimize the staff's size and composition. Moreover, management reports that accurately reflect the situation of the business is required.

  • Reporting

    Preparation of management reporting to analyze the state of affairs of the company

  • Owner Risk Assessment

    Control and prompt response to internal and external risks of the company

  • Crisis Management

    SORP provides crisis management services for your business

Why Choose Us?

SORP is a leading consulting firm offering a variety of services for business management, support, and incorporation in the UAE and beyond. We have an impeccable reputation, wide opportunities, and assets to help clients better.

Comprehensive Services

SORP offers comprehensive support for acquired companies and their shareholders: from licensing and maintaining bank accounts to obtaining the status of a tax resident of the country

Individual Approach

We understand that each client's requirements are unique. We treat every business individually to tailor the right services to achieve your priorities

15 Years of Successful Work

We have helped thousands of clients acquire, build and develop businesses in the UAE.

Banking Support

Assistance in choosing a suitable bank for your purposes, support with the bank account opening, and passing KYC procedures (know your customer).

Leave a request for an expert advice

Please, leave your details and our manager will contact you as soon as possible

Get more details

Please, leave your details and our manager will contact you as soon as possible

Contact us on WhatsApp