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.
[Location: Ajman Offshore]
From US$ 9,000
[Location: RAK ICC]
From US$ 12,000
[Location: Northern Emirate]
From US$ 25,000
[Location: Northern Emirate]
[Eligible for Tax Residency Certificate]
From US$ 45,000
From US$ 55,000
From US$ 15,000
[Activity: General Trading]
From US$ 23,000
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 for owning a Shelf Company.
It saves the time and expense of forming a brand new corporation.
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.
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.
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.
An aged company provides established longevity and operating history, which makes it easier to build the corporate image.
Longer the registered corporation, easier is the access and processing of business visa and company documents for the organization members.
At Xcellence, 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 favor 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, Xcellence will register the shelf company and keep it ready for the buyer.