How to buy an existing company or shelf company in the UAE
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
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.