SORP Group’s specialists know what sources to trust when you need the advantages of an existing company or a shelf company when starting a business, and the commercial tests to apply to avoid making costly mistakes.
There are specific advantages under UAE law to starting a business using an existing company rather than incorporating from scratch. A company must be actively trading for at least two years to enable growth by taking advantage of opportunities that are not available to newly incorporated startups. Important factors such as obtaining bank loans, receiving all United Arab Emirates tax benefits, participating in major contracts and tenders from governmental agencies. Proof of solvency and profitable trading history is required. Buying the right existing company delivers those requirements at once. Shelf companies are ideal building blocks for forming structures.
Local (mainland registered) companies enjoy the maximum levels of support provided by the UAE government. They are effectively a special tool for doing business in the domestic UAE market and abroad. This approach to business structures and organization is unique to the UAE and its laws, and has no parallels in other countries.
Preliminary business analysis
We assess your planned business activities and identify the right type of company for you.
Assess a suitable existing company
We search for suitable companies, find the target, check its legal and financial documents and any outstanding debts.
We prepare all documents for the re-registration or change of name process, appoint a nominee.
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 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.
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).