In Dubai and other Emirates of UAE the praxis of sale and purchase of the ready shelf offshore and onshore companies is practically not applicable. The reasons are:
- Onshore company in Free Trade Zones in Dubai and other Emirates of UAE – there is a number of versions and sub-versions of such companies and each of such companies is incorporated as according to the specific requirements of each individual client. Thus it is really hard to buy ready company in UAE which fits your specific requirements thus purchase of shelf company in Dubai is hardly applicable in praxis.
- Offshore company in Dubai and other Emirates of UAE – incorporation of such company takes on average 2-3 working days only and it does not make sense to incorporate such company in advance to have it ready on the shelf. The ownership transfer of such company within purchase and sale would take more time and would be more expensive than registering a new one.
If you are interested to buy ready company in UAE with the history (the one incorporated some time ago) you shall also take into account the fact that, due to the absence of taxes in Dubai and other Emirates of UAE, the accounting for the onshore company can be incomplete and the company can have the cheques issued by the company, and not included in the company financial reporting. The liabilities for such cheques along with other possible liabilities would, with the purchase of shelf company in Dubai and transfer of the rights on such ready company, go over to the new company owner.
On offshore company in Dubai and other Emirates of UAE the financial reporting is not prepared at all (with exception of the offshore companies in Jebel Ali) and the risks of the liabilities when purchasing such ready company are even higher.
Due to the above the qualified companies incorporation agents hardly praxis the incorporation of the offshore companies in Dubai and other Emirates of UAE in advance to put them „on shelf” for the further sale as ready ones or resale of the existing companies with history except of the cases of the purchase-sale of the companies with the real business.
When you decide to buy ready company in UAE with the real business – this praxis is, clearly, often applied under the condition of the proper due diligence of the history of the company being for sale – in respect to the company financials, documents, licenses and fulfillment of all governmental regulations.
We, as the registered agent provide the services of the offshore company formation / incorporation in UAE – RAK, JAFZA as well as onshore companies in all of the free zones of UAE. We also provide the complete legal support within purchase- sale of the existing companies with the real business.
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