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.
Buying an existing company meets these important objectives:
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 products such as loans and/or leasing from UAE banks and financial institutions
Obtain a UAE tax domicile certificate, achieve protection from automatic exchange of tax information (CRS).
Benefit from having a full set of accounts and provide favorable auditor’s report for previous financial periods.
SORP Group offers companies for purchase thatare verified legally and financially
Stages of acquiring an existing company withSORP Group experts
Preliminary business analysis
We assess your planned businessactivities and identify the right type of company for you.
Assess a suitable existing company
We search for suitable companies, findthe target, check its 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 Group prioritizes detailed verification of potential existing companies prior to a purchase decision. Our lawyers gather and collate all available shareholder details, check for any debt obligations and ensure that licenses are present and valid. Avoiding potential risks requires understanding the subtleties of local legislation. This is very important. SORP Group has been a recognized expert in business consulting in the UAE for over 15 years. Our experts select only proven and guaranteed solutions on your behalf.
SORP provides a full range of services forregistration and business management
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).
Get a fully checked andverified company
SORP Group experts will select the best option based on your needs and provide you with comprehensive support.
Today you can take the first step towards meeting your business needs.