Are you an investor looking to form a business in Dubai’s offshore? You’re not alone! Many business owners and entrepreneurs travel to the UAE to take advantage of the region’s growing business potential. And while company setup in Dubai is built to be a straightforward experience, there are several advantages that established businesses have over newly formed ones. For example, obtaining certain loans and the availability of some contracts are often given to companies that can show a profitable trade history and clean financial records.
And this is precisely why there is a growing market for purchasing established businesses. Purchasing a current business allows investors to meet all the prerequisite requirements and take maximum advantage of the business and tax incentives Dubai’s offshore offers.
What is a Ready-Made Offshore Company in Dubai?
A ready-made offshore company is a type of business designed for potential investors wanting to skip the potentially lengthy registration process for new businesses. Existing ready-made firms are legitimate business entities that are primed, licensed, and ready to go. It’s important to note that these companies:
• Are already Licensed
• Can be quickly and suitably updated for your needs
• Are official, inactive corporate entities
• Are registered with the Companies Registry
• Have received a Certificate of Incorporation
For business owners, having a fully licensed company that’s ready to go removes many of the headaches traditionally found in business formation. In addition to allowing investors to start conducting business right out of the gate, an established company will already have access to contracts and tax incentives that aren’t offered to burgeoning companies.
Why Purchase an Existing Offshore Company in Dubai?
There are many reasons that choosing an existing offshore company can be preferential over forming a brand new one. For example, starting a company from scratch can be a time-consuming process that’s only made worse by the amount of paperwork and red tape you’ll have to contend with. As a result, some investors hire 3rd party consultants, like MSZ consultancy, to help manage the cumbersome elements of company registration and business setup in Dubai’s Offshore.
By choosing a professional consultant or advisor to assist with purchasing an existing business, they can help you:
• Organize, and complete the necessary paperwork
• Provide you with all the accounting and bookkeeping records
• Handle documentation processes
• Offer thoroughly researched advice
When you purchase an existing company, you’ll need to perform the necessary research to find the right entity for you. There are many different existing business platforms available, each with its own benefits and inherent risks. You’ll want to ensure that a company’s finances are in order and that all accounts, assets, and debts are properly managed.
Another vital aspect is having a comprehensive understanding of the company you’re buying. You’ll need to understand the business, its products and services, the cost, time requirements, and more to fully decide if it’s right for you.
The Advantages of Buying an Existing Offshore Company
For investors, having an existing offshore company ready to go out of the gate is a tremendous benefit. And having a business that’s been operating for some time will give you advanced knowledge about how it performs. You’ll have a keen understanding of how it manages its assets, profits, and potential losses. And by having this grasp, you’ll be able to find effective ways to improve it and its profitability.
Let’s take a deeper dive into the advantages that purchasing an existing offshore company can bring:
1. Cost-Effective
Setting up a new company can be a lengthy and costly process. By purchasing an existing company, many of the fees and responsibilities have already been accounted for by the previous owners, saving you money.
2. Loan and Capital Accessibility
Lenders and investors are often more inclined to approve loans to an established business entity than to a new one. Having an extensive business record can do wonders for showing lending institutions that your business is a financially viable enterprise.
3. Avoid Processing Periods
The business formation process in Dubai can take quite a bit of time and effort to complete. But by purchasing a business that’s already experienced those regulatory first steps, you’ll avoid the added cost and headaches of processing periods for licensing applications.
4. Reputation
Businesses are built almost single-handedly on reputation. And having a company that is already established is a great benefit for new investors. By purchasing an established company, your business won’t be required to waste time ‘proving itself’ to the community at large.
How to Buy an Existing or Ready-Made Offshore Company in the UAE
Businesses listed for sale can usually be found on local websites and periodicals. You’ll need to take some time to find the right one for you! Additionally, auto-feeds are available that will alert you whenever a particular business enters the market.
There is no official registration process for this part of your journey. Instead, you’ll simply want to perform the due diligence to find a suitable company for your plans. Of course, using the assistance of business setup consultants like MSZ is a great boon to your efforts and can significantly reduce the time and effort needed to procure an existing business.
So, what do you need to do to buy an existing offshore company? Let’s take a look at some of the steps below:
• Select a name for your organization
• Complete a business application
• Secure a copy of your Articles of Association (AOA) for future use
• Submit your documentation to the Dubai Business Registry, ensuring that all information is accurate and timely
• Pay the necessary fees
• After payment, business formation documents will be sent out
• You’ll receive your Certificate of Incorporation within 2-4 business days
MSZ Consultancy Can Help You Buy an Existing Offshore Company!
If you’re an investor looking to enter the UAE market but don’t have the time for the paperwork and hassle of company formation in the UAE, you’ve come to the right place! Our knowledgeable business experts can guide you through the process of purchasing an existing company and maximizing its potential. We have years of experience navigating the ins and outs of UAE businesses and are ready to help you reach your full investment potential!
So, whether you’re forming a new company, purchasing an existing one, securing work visas, or seeking the assistance of a Public Relations Officer (PRO), we’ve got the skills and expertise to get the job done. Give us a call today at +971 52 544 1248 to learn more about the vast array of benefits we can offer you and your new business!
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