The motivation for investing in a ready-made business is a desire to speed up the licensing process, avoid technical difficulties and delays, and have the chance to make a profit from day one. However, without understanding the specifics of doing business in the United Arab Emirates, you can easily make mistakes when purchasing a ready-made business. SORP Group is an expert in the assessment and design of ready-made businesses. We have prepared materials based on our practice.
Stages of ready-made business acquisition
Checking the company'sfinancial position
It is necessary to analyze theprimary documentation, obtain bank statements and confirm the turnover.
Examination of agreementsbetween the company and clients
It is important for the company notto receive profit from several large contracts, otherwise there is a risk that the contracts will be terminated.
Examination of laboragreements
A professional team of employeesis the key to business success. Make sure that the employment relationship with employees is properly managed.
A check acts as a payment toolfor contractors in the UAE. Checks may be issued at a later date. It is advisable to close the previous bank account and open a new one.
Inspection of rentalproperties
Check the lease terms if thelocation of the business plays an important role in attracting customers, and check the owner's intention to continue cooperation.
It is important to check the company'scharter documents, change the local sponsor, if there is one, and prevent the possibility of the business being controlled from this angle.
Check with Immigrationand the Ministry of Labor
Make sure that the visas of the ownersand former employees are closed. Check whether the company is blocked by the Ministry of Labor for violations.
Planning how to developthe business
Ask the seller for a businessdevelopment plan and conduct an independent review. SORP will help you analyze the plan and make any changes.
Re-registration ofthe company
After finalizing all legal andfinancial matters, we prepare all documents on a turnkey basis and help you re-register your business within 10 days.
Before making a deal, it is important to understand:
The business is organized for sale
Professional market players develop the company in promising areas ofactivity in order to sell it later for maximum profit.
Owners retiring or relocating
Common reasons for selling. Family circumstances or a new projectin another country may force the owner to sell the existing business.
The desire to get rid of losses
Owners of a troubled business may use deception to get rid of it quickly.Such an asset presents a high risk and only professionals can recognize the warning signs that many simply would not notice until it is too late.
Crisis and disagreements between partners
A business with multiple owners carries an increased risk of conflict.Sometimes the only way to resolve matters is to sell the business and divide the proceeds.
As well as ready-made business opportunities, SORP experts assist in many ways
Search for a ready-madebusiness for sale
We will seek out and identifyappropriate acquisition targets based on industry, its value and other parameters you specify.
Our experts assess the targetenterprise and perform a thorough audit of available information about its management and finances.
Determination of valueand liquidity
We review its industry and market,its competitiveness and true value, and identify any advantages and relevant trends.
We will prepare full documentation forre-registering a business and ensure the "security" of the transaction.
Independent local partneror agent
For a complete change andtransfer of ownership, we will provide a nominee service for mainland businesses.
We put immigration proceduresand employment contracts in place to protect the owner of the acquired business.
SORP Group’s extensive experience iskey to starting a business in the UAE:
SORP offers comprehensive support for acquired companies and their shareholders: from licensing, maintaining Bank accounts to obtaining the status of a tax resident of the country
Your requirements are unique. That is why 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
Assistance in choosing a bank that is suitable for your purposes, support with bank accounts opening and passing KYC procedures (know your customer).
Invest safely in anexisting business
If you cannot find a suitable successfully operating business in the UAE, we will build one together. We have all the knowledge and competencies to achieve this.