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Shelf Company in Dubai

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To start your business, you must open a new company or buy a shelf company in Dubai. The shelf companies are also known as shelf corporations, ready-made, or aged companies. It is a legally registered company that has no activity. Anyone can buy it 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. 

  • Benefits of Shelf Company
  • Buying a Shelf Company Instead of a New Company in Dubai
  • Why choose Gryffin Capitalist

Benefits of a Shelf Company

  • Saves Time and Cost
  • Provides Easier Access to Capital and Credits
  • Does Away with the Waiting Period
  • Gives Instant Access to Contracts
  • Longevity and Operating History
  • Eases the Documentation Process

Shelf company vs. new company in Dubai

There are both similarities and differences between new companies and shelf companies in Dubai. The main resemblance is related to the business forms under which both types of entities can be registered: the limited liability company is the most often type of shelf company available for sale in Dubai, as well as the most employed business type registered by foreign entrepreneurs.

When it comes to the differences, the ready-made company has the main advantage of being incorporated, however, a new company can be personalised in accordance with the new owner’s requirements.

In terms of licensing, both types of companies will need to obtain new licences, as the shelf company will usually not have a business licence.

Our company registration representatives in Dubai can help you choose between buying a shelf company or incorporating a new business.

How to verify a shelf company in Dubai

The list of shelf companies for sale in Dubai is quite extensive, which is why it is best to check the company to be purchased. There are various verifications that can be made when buying a shelf company in Dubai.

The company can be checked based on its name with the Dubai Companies Register. Even if there is no record of inconsistencies related to shelf companies reported to our local consultants, the verification of a ready-made company should imply a credit and financial history check.

How to Buy a Dubai Shelf Company?

According to our consultants, the key to buying a shelf company in Dubai, UAE, is ensuring you keep your due diligence in order. Why? That's because an offshore business is not subject to financial reporting requirements. 

Evaluating a shelf company for sale is more challenging than in a jurisdiction with a financial reporting requirement. Let us understand the simple steps of buying a shelf company in Dubai.

1. Decide on the Jurisdiction

The first step to buying a shelf company is choosing a shelf company either onshore (mainland) or in the free zone. Depending on where you want to carry out your operations and if you are aiming to serve the Emirati market or the wider region, you will want to look for a shelf company where you want to set up.

The most common type of corporate entity is the Limited Liability Company in Dubai, also known as an LLC. Another feature of Dubai companies is that you must apply for a licence that covers the activities you plan to carry out in your business. 

If you are interested in purchasing a shelf company in a Free Zone, you must decide what Free Zone permits your chosen business activity. Most cases do not allow you to transfer a company's domicile from one Free Zone to another.

2. Proceed with an Expert

We believe it is better to go ahead and open a new company in Dubai since new company formation is streamlined in most cases. Nevertheless, should you opt for the shelf company route, we need all our customers who acquire shelf companies to pass a previous test that our due diligence specialists perform. 

Why do we insist on such a high standard of quality? That's because full compliance is a hallmark of our service and we want to ensure that you are aware of all possible liabilities since there is no accounting requirement. 

These outcomes, whether financial or otherwise, could go into an acquisition beyond the records you could find in the list of shelf businesses on the UAE Companies register by checking the business name. 

An expert partner like Business Setup Worldwide will look into the entity's context and perform a comprehensive check of the shelf company's financial and credit history so you know everything behind the shelf corporation you are about to transfer into your name.

3. Make the Necessary Changes

Before you can begin full trading once the company is purchased, you must complete some final steps to finalise the company registration process. You will have to amend the Memorandum and Articles of Association to reflect the names of your enterprise's new shareholders and directors. 

If you would like to change the trade name, this is the moment when you can choose to modify it. Then, as we mentioned before, you'll also have to apply for the relevant business activity licences so you have the authorization to run your business as you wish.

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 you don’t pay a significant premium for developing a ready-made company. 
Once the credentials are soundly established, we will assist you in your negotiations and in the transfer of ownership. To sum it up, Commitbiz will register the shelf company and keep it ready for the buyer. 

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 risks
  • No debts or obligations
  • No previous business activity
  • Registration in the commercial register.

Documents required to start a Shelf Company in Dubai

  • Completed application form
  • Business plan
  • Passport copy of the proposed owner or owners
  • Two colour passport size photos

Conclusions:

Finally, a shelf company in Dubai might be an effective option to quickly establish a commercial presence. It gives you the advantage of having a pre-registered firm with a track record, which allows you to get to markets, contracts, and funding faster. However, before making a purchase, ensure that the shelf company complies with all regulatory requirements and has a clean history. Seeking the counsel of a professional business consultant or lawyer can assist in mitigating potential risks and ensuring a successful purchase.

Contact Us Today

To learn more about our shelf company solutions in Dubai or to discuss your business needs, please contact us today. Our team of experienced business consultants is available to provide you with comprehensive assistance and guidance. Contact us for any query regarding shelf company, opening a new company or regarding various services required for business setup.

Why Choose Gryffin Capitalist?

Gryffin Capitalist can help you in choosing the best option for your company formation. We can analyse your sector and requirements of business to suggest the optimum steps for starting a company. Gryffin Capitalist is a platform to help you set up your business. Right from incorporation, registration and licensing to establishing your office space, we facilitate the formation of your company through expert counselling and incubation.

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Why choose Gryffin Capitalist?

At Gryffin Capitalist, we’re committed to helping you achieve your business goals. We offer customized solutions tailored to your business needs, ensuring a seamless and hassle-free experience. With our extensive knowledge and expertise in the UAE market, we can help you navigate the complex regulatory landscape and provide insights into the local business environment. In addition, the cost of setting up a company in the Rak-free zone is affordable, and we promise to provide exceptional customer service.
 
Gryffin Capitalist provides the best business setup consultants in RAK. So don’t miss out on this incredible possibility to establish your business in one of the fastest-growing economic zones in the world. Contact us today to learn more about RAK free zone packages and take the first step toward success.

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