How to Buy a Ready-Made Company in Dubai

Dubai has established itself as a hub for global business, offering a diverse range of opportunities for entrepreneurs. One attractive option is acquiring a ready-made company, also known as a shelf company. A ready-made company can save time, simplify the business setup process, and allow you to start operating almost immediately. This comprehensive guide will help you understand the ins and outs of buying a ready-made company in Dubai.

What is a Ready-Made Company?

A ready-made company is an entity that has already been legally established but has not conducted any business operations. These companies are created to be sold to buyers who wish to avoid the lengthy setup procedures associated with starting a new business. In Dubai, ready-made companies are commonly available in free zones, offshore jurisdictions, and even on the mainland.

Benefits of Buying a Ready-Made Company

• Speedy Business Launch:

Skip the time-consuming registration process and start your operations immediately.

• Established Corporate Structure:

These companies come with predefined documentation, making it easier to fulfill legal obligations.

• Market Credibility:

Older companies may appear more established to clients and partners, increasing trust and credibility.

• Simplified Banking:

Open a corporate bank account faster, as the company already exists on paper.

• Investor and Residency Visas:

Ready-made companies often come with eligibility for investor visas and employee sponsorships.

Key Considerations Before Buying a Ready-Made Company in Dubai

Before making the purchase, several factors need to be carefully evaluated:

Company Age and History:

Check when the company was established and ensure it has no prior operational history.

Legal Documentation:

Ensure the company has all required documentation, including a trade license, Articles of Association (AOA), and Memorandum of Association (MOA).

Compliance Status:

Verify that the company has no outstanding liabilities, penalties, or legal disputes.

Ownership Requirements:

Determine if you need a local sponsor or service agent for mainland companies or if 100% foreign ownership is allowed in a free zone or offshore setup.

Industry and Activity:

Confirm that the company’s existing trade license matches the business activities you wish to undertake.

Associated Costs:

Consider the purchase price, renewal fees, and potential additional costs for modifications.

Steps to Buy a Ready-Made Company in Dubai

Follow these steps to ensure a smooth acquisition process:

Step 1: Define Your Requirements

Before beginning your search, determine the type of company you need:

• Mainland, Free Zone, or Offshore?
• Specific business activity or trade?
• Required visa quotas and employee capacity?

Step 2: Search for Ready-Made Companies

Consult your requirements with us, Our team is specialize in selling ready-made companies in Dubai in suitable cost and with all legal formalities.

Step 3: Due Diligence

You can also perform thorough due diligence to ensure the company is free of liabilities and meets the regulatory standards. Key checks include:

• Legal and financial audit to ensure clean records.
• Verification of the company’s VAT registration (if applicable).
• Validation of trade licenses and other certifications.

Step 4: Transfer of Ownership

Once satisfied with due diligence, initiate the ownership transfer process, which typically involves:

1. Signing a sales purchase agreement between you and the seller.
2. Amending the Articles of Association (AOA) to reflect new ownership.
3. Registering the transfer with the Dubai Department of Economic Development (DED) for mainland companies, or the relevant free zone authority.

Step 5: Update Company Details

Post-acquisition, update all key details, including:

• Company name (if desired)
• Trade license activity (if changes are needed)
• Contact information on all legal documents

Step 6: Final Approvals and Licensing

Obtain final approvals from the relevant regulatory authority to activate the trade license under the new ownership.

Step 7: Open a Corporate Bank Account

After the transfer is complete, apply to open or update the company’s corporate bank account to suit your business’ needs.

Where Can You Buy a Ready-Made Company in Dubai?

1. Mainland

• Controlled by the DED, mainland companies allow you to operate anywhere in the UAE and offer lucrative opportunities for larger market access. Depending on the sector, you may require a local partner for ownership compliance.

2. Free Zones

• Dubai boasts over 30 free zones, such as the Dubai Multi Commodities Centre (DMCC), Dubai Silicon Oasis (DSO), and Jebel Ali Free Zone (JAFZA). These zones allow 100% foreign ownership and are ideal for businesses targeting international markets.

3. Offshore

• Offshore companies, such as those in RAK International Corporate Centre (RAK ICC), provide tax optimization benefits and are primarily used for holding assets, not trading within the UAE.

Costs of Buying a Ready-Made Company in Dubai

The total cost of acquiring a ready-made company varies based on factors such as:

• Jurisdiction (Mainland, Free Zone, or Offshore)
• Company age and history
• Renewal fees for trade licenses
• Modifications to trade activities or licenses

Estimated cost breakdown:

• Free Zone Companies: Starting from AED 30,000
• Mainland Companies: Starting from AED 50,000
• Offshore Companies: Starting from AED 15,000

Additional fees may apply for visas, local sponsorships, or other changes.

Why Choose BizDaddy?

Choosing a business consultancy ensures that buying a ready-made company in Dubai is seamless and stress-free. While the process might seem straightforward, navigating legal complexities requires expert assistance. Here are some compelling reasons to choose BizDaddy:

• No Hidden Obligations: Enjoy transparency with every step of the process.
• Risk-Free Liabilities: We ensure the companies are free of any past liabilities or legal complications.
• Professional Guidance: Get expert advice tailored to your business needs.
• Streamlined Registration: Benefit from an easy and hassle-free ownership transfer process.
• Extensive Experience: Our profound experience in business setup spans all jurisdictions in Dubai, including mainland, free zone, and offshore.

By partnering with BizDaddy, you gain access to trusted advisors who ensure your business journey in Dubai begins on the right foot.

Final Thoughts

Purchasing a ready-made company in Dubai is an excellent way to fast-track your business journey. It provides immediate access to the UAE’s dynamic economy and eliminates many of the bureaucratic hurdles involved in starting a new venture from scratch. By carefully evaluating options, performing due diligence, and seeking expert assistance, you can find a ready-made company that aligns perfectly with your business goals.