Starting your venture in Dubai by owning a Shelf Company
In Dubai, to start your business, you either have to open a new company or to buy a shelf company. The shelf companies are also known as a shelf corporation, ready-made, or aged company. It is a legally registered company that has no activity. It can be bought by anyone to bypass the tedious registration or incorporation process. So, if time is a constraint for your venture, a Shelf Company can be the best option.
Choosing the right shelf company and advisors:
There are different types of Shelf companies, choosing the right one is based on the suitability with the business. It entails risk if the shareholders' history, bank records, debts etc are not checked properly before transferring the Shelf Company to the business owners. It is advisable to speak to our consultants before the selection process. It is important to understand the charges, time and other requirements of owning a Shelf Company.
Shelf Company is beneficial in the following ways:
Time and Cost:
It saves time and expense of forming a brand new corporation.
Easier access to Capital or Credits:
Potential creditors or business resources are more likely to extend a credit or lend to an established company rather than to a newer corporation. The business will have more access to credit lines, leases and banking relationships and investment capital as well.
Reduces waiting period:
Owning a ready-made company allows you to engage in business credit or real estate agreements as an established company, without having to go through the long waiting period of establishing a brand new corporation.
Instant access to Contracts:
Some of the UAE government bidding processes requires that your company be in business for a specified minimum length of time. Buying a ready-made company becomes advantageous if a new company wishes to participate in such bids.
Longevity and Operating History:
An aged company provides established longevity and operating history, which makes it easier to build the corporate image.
Ease in Documentation process:
Longer the registered corporation, easier is the access and processing of business visa and company documents for the organisation members.
Why Choose Us to Buy a Ready-Made Company in UAE?
At Commitbiz, we are well adept with the legal aspects of acquiring a new company and the business climate of the land. Once you identify the UAE Shelf Company, we undertake the necessary due diligence to provide speedy service. Our services will include shelf companies in RAK Offshore shelf companies, Ajman Offshore shelf companies, Free Zone shelf companies or shelf companies in Jafza Offshore.
Once you favour a Shelf company, our specialists will verify the company’s legal address, fee structure, corporate bank account, directors’ addresses and all necessary certificates and permissions. Our evaluation method takes special care to check that no existing liabilities are passed on to you after a takeover. We will also provide you with all the legal advice on every matter related to acquiring the company. We will ensure that you don’t end up paying a significant premium for acquiring a ready-made company. Once the credentials are soundly established, we will assist you in your negotiations and in the transfer of the ownership. To sum it up, Commitbiz will register the shelf company and keep it ready for the buyer.
Benefits of Our Services
Besides ensuring fast and simple acquisition, our services offer the following advantages:
- Profound experience in helping offshore companies acquire breathing/existing/live companies in Dubai
- Expert guidance
- No liability risk
- No debts or obligations
- No previous business activity
- Registration in the commercial register