In UAE, you can start your businesses in two ways – either start a new company or buy a ready-made company (also known as a shelf company). If you do not know what a shelf company is, read below.
A shelf is a company registered for a few months or even a few years and left on the shelf to age.
AIM UAE helps you find the best shelf companies to commence a successful business in Dubai and UAE. Not only this, but we also help you with the paperwork and other legal formalities, in addition to feasibility studies, to ensure the company you are planning to buy is good for you. We do this by considering several factors, such as the company’s past performance, future trends, and many more.
What are the Benefits of Shelf Companies?
To begin with, buying a shelf company can be pretty useful and has several added benefits. Let’s see what are the benefits that comes with it –
- If you are a new business person, these companies have everything you need - from paperwork to the trademark. Hence, you do not have to go through the hassle of completing the formalities.
- Given the company's history, it will be easier for you to obtain credits or loans for your business purposes.
- If you are a foreign entrepreneur, you can easily enter mainland Dubai or any free zone.
Note: It is also important to note that you can buy shelf companies in Dubai in free zones in addition to the Mainland. However, purchasing ready-made companies in Dubai requires a certain licence.
Acquiring these licences can be challenging with all the legal procedures you must go through to purchase the business. So, AIMS UAE will ensure you can focus on your business while we get your license. Our company registration team will help you with all the information required to acquire a shelf company in Dubai (free zone and Mainland).
How to Buy the Shelf Companies in Dubai?
First, you need to understand there are two types of shelf companies that you can buy in Dubai, namely –
- Aged Companies - These companies were registered years ago and left idle for some reason.
- Recently-Registered Companies - These companies have recently been registered as companies and have not been used or operated.
You can choose any of the abovementioned companies depending on your taste and preferences. Here’s how to buy a shelf company in Dubai –
- Select the type of company (public/private/LLC). Limited Liability OCmpany is considered the best.
- A shelf company comes with a trading name. But you can change the name of the business anytime you want. We can help you with the procedure of changing the name of the company.
- Like any other company, shelf companies are registered with an Article of Association (AoA), which requires personal identification documents to initiate the purchase process of a shelf company.
- The transfer of the ownership must be done infront of the notary. Once the process in concluded, the business can start the activities.
Buying a shelf company is not complicated but requires a lot of research, especially in credit and financial history checks.
How Can AIMS UAE Can Help You?
AIMS UAE can assist in finding the best shelf company in the UAE through the following ways:
- Expertise and Knowledge: AIMS UAE has extensive knowledge of the local business landscape and legal requirements. This ensures they can identify reputable shelf companies that meet your specific business needs and compliance standards.
- Time-saving: By leveraging its network and expertise, AIMS UAE can significantly reduce the time it takes to identify and purchase a shelf company. This allows you to start your business activities faster than starting a new company.
- Due Diligence: AIMS UAE conducts thorough due diligence on available shelf companies, ensuring they are free of liabilities and have a clean legal history. This minimizes the risk of encountering unforeseen problems after the purchase.
- Customisation and Support: They offer customised solutions that match your business goals and provide ongoing support for legal, tax, and compliance matters, ensuring that the transition of ownership is smooth and that the company is ready for immediate operation.
Contact us to find the best shelf company in UAE.
Frequently Asked Question
The cost of the shelf company in Dubai depends on the type and age of the company. At AIMS UAE, we calculate the estimated price of the shelf company and inform you if the company is best for you.
It depends on the company and the time taken to transfer the ownership - 3-4 days maximum.
The purchase procedure and the formalities involved take 3-4 days to complete. To know more, contact AIMS UAE.
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