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.
Bestows credibility when dealing with lenders and suppliers who see a history of accounts receivable, check payments, and transactions.
Enables participation in tenders, both in local and international markets, and to act also as guarantor providing surety.
Apply for and obtain financial loans and/or leasing from UAE banks and financial institutions.
Obtain a UAE tax domicile certificate and achieve protection from the automatic exchange of tax information (CRS).
Benefit from having a full set of accounts and provide favorable auditor's reports for previous financial periods.
SORP Group Offers Companies For Purchase ThatAre Verified Legally And Financially
Steps to Acquire an Existing Company
Preliminary Business Analysis
Assess a Suitable Existing Company
We search for suitable companies, findthe target, and check their legal and financial documents and any outstanding debts.
We prepare all documents for there-registration or change of name process, appoint a nominee.
We obtain permits from the UAE’simmigration departments as well as resident visas for owners and employees.
Open a Bank Account
We select a banking solution, form apackage of documents at the bank’s request, including your company's business profile.
Prepare an Auditor's Report
We prepare consolidated financialstatements. If necessary, we will register a tax residency certificate for your company.
SORP provides a full range of services forregistration and business management
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
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.
Assistance in choosing a suitable bank for your purposes, support with the bank account opening, and passing KYC procedures (know your customer).