Eternity Law International — News — Ready-made company in the UAE

Ready-made company in the UAE

Published:
August 18, 2022

The United Arab Emirates (UAE) unquestionably stands as a global epicenter for trade and entrepreneurial ambitions, magnetizing foreign forward-thinkers and investors from every corner of the globe. Initiating a business venture in the UAE unveils the promise of unrivaled prospects, yet the voyage to realize this potential unfurls as a labyrinthine and time-intensive odyssey. Fortunately, amidst this labyrinthine complexity, an epitome of convenience and efficacy emerges – the avenue to buy a pre-established enterprise in the UAE. Within this comprehensive exploration, we delve into the multifarious advantages that accompany the acquisition of an off-the-shelf company. We adeptly navigate the intricacies of the acquisition procedure, expound upon the requisite documentation, elucidate the tax terrain of the UAE, and meticulously disassemble the attendant expenditures, which also encompasses an elucidation of the invaluable services encompassed within the stipulated price.

Benefits of Acquiring a Business in the UAE

The magnetic appeal of the UAE’s business landscape is not a mere coincidence; it is the outcome of a meticulously cultivated environment that offers a plethora of advantages:

  • Expedited incorporation: The purchase of a registered  company in the UAE transforms what is typically a laborious setup process into a swift venture. With operational readiness readily available, you can save valuable time.
  • Established Legal Entity: Ready-made companies arrive fully endowed with legal status, sparing you from the intricate setup procedures typically associated with launching a new business.
  • Banking Facilities: Many shelf companies include pre-existing bank accounts, simplifying financial transactions and enhancing your banking relationships.
  • Reputation and Track Record: Several ready-made companies may already possess a trading history, which can significantly bolster your credibility when engaging with clients ,foreign  partners, and investors.
  • Freedom from Previous Liabilities: The majority of ready-made companies come unburdened by past debts or legal obligations, offering you a pristine slate upon which to pursue your entrepreneurial aspirations.

The Acquisition Process

Required Documentation and Prerequisites Initiating the process of purchasing an incorporated  company in the UAE entails the compilation of indispensable documents:

  • Passport Copy: A duplication of your passport, corroborated by a valid UAE visa.
  • Proof of Address: Tangible verification of your existing residential office.
  • Business Plan: A scrupulously developed business plan acts as the architectural framework for your company’s undertakings and aspirations.
  • Due Diligence: A formal statement revealing your financial information and the origin of your financial assets.

The Purchase Procedure

The roadmap to purchase a company for sale in the UAE typically unfolds as follows:

  • Company Selection: Choose a ready-made company that aligns seamlessly with your business goals and prerequisites.
  • Company Reservation: Secure your selected company by paying a reservation fee, shielding it from potential buyers.
  • Due Diligence: Perform thorough due diligence on your chosen shelf company to unearth any hidden liabilities or concerns.
  • Transfer Process: Once due diligence is successfully accomplished, the transfer process commences. This phase encompasses document signing and acquiring the necessary approvals.
  • License Amendment: Modify the existing trade license to encompass your company’s particulars and intended activities.
  • Bank Account Activation: If not previously registered, initiate the process of opening a business bank account for your new company.
  • Visa Processing: If required, embark on the visa application process for yourself and any employees.
  • Embarking on Operations: With all approvals and documentation in place, commence your business activities without undue delay.

Taxation Law in UAE

A pivotal allure of conducting business in the UAE lies in its favorable tax law, offering:

  • Corporate Tax Exemption: UAE businesses enjoy privileged status, exempting them from corporate tax on their profits.
  • Income Tax Absence: There is no personal income tax, rendering the UAE an attractive haven for skilled professionals.
  • Low Value Added Tax (VAT): While VAT has made its debut in the UAE, it remains eminently reasonable at 5%, with many essential goods and services exempt.

The Cost of a Ready-Made Company in the UAE

The price associated with buying a company for sale in the UAE can vary depending on factors such as the company’s age, location, and existing assets. Typically, these costs range from a few thousand to several thousand dollars. Consider this expense as an investment in the speed and convenience that the business environment in the UAE provides, allowing you to quickly begin your entrepreneurial journey.

Inclusions in the Cost of Services

When you embark on the acquisition of a ready-made company in the UAE, the cost typically encompasses a comprehensive suite of services:

  • Company Registration: Covering all registration fees and office charges.
  • License Amendment: The modification of the existing trade license to mirror your intended business activities.
  • Consultation: Expert guidance throughout the acquisition process, ensuring you traverse the intricacies with confidence.
  • Documentation: The meticulous preparation and submission of all requisite documents and information, alleviating administrative burdens.
  • Visa Assistance: Support in obtaining the necessary visas, a vital component of setting up a new venture.
  • Bank Account Setup: Assistance in the incorporation of a business bank account, streamlining financial operations.

In conclusion, a company for sale in the UAE stands as an alluring gateway to the realm of business excellence. With its panoply of advantages, streamlined setup process, and the backdrop of a tax-friendly ecosystem, it beckons entrepreneurs and investors, offering an enticing opportunity to establish a flourishing presence in this vibrant and dynamic market.

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