There are two ways to start doing business in Dubai: to open a new company or to buy a shelf or ready-made company. Foreigners can set up a business in Dubai in any of the city’s free trade zones, thus gaining the right to work and reside in Dubai. The government is supportive when it comes to new enterprises because they will diversify the economy and they will also create new jobs.
Setting up a company in a free zone offers a great benefit because the investor doesn’t have to pay the corporate tax for at least 15 years. Outside the free zones, the law requires a local partner who will hold the majority. In Dubai all businesses are subject to the taxation system outside the free zones.
Aside from starting a new company in Dubai, there is the possibility of buying a ready-made company. The purchase of a company in Dubai is very little time-consuming, its incorporation taking only 2 or 3 days and all you have to do is to sign a sales contract and pay the purchase price for the shares of the company before starting to use it.
However, it is important to know the business climate, the legal aspects and the best suited type of company you want to purchase. Before making your purchase, you will need to check the company’s economic background. To speed up the process, our company in Dubai can help you.
The advantages of purchasing a shelf company
The main advantage of buying a shelf company in Dubai is the possibility of starting your business quickly when time is of important matter. It gives you credibility and seniority due to its background, which is a mean of reassuring your clients. There are several types of companies you can choose from and make sure they fit your requirements. It requires less documentation when purchasing a ready-made company and our specialists in Dubai can provide you with all legal expertise and advice in that matter. An already-made company has its own legal address, corporate bank account, a director that resides in Dubai and all necessary certificates and permissions.
Our company formation agents from Dubai can help you in your purchase with the selection of the business, its evaluation and they can provide you with all the necessary assistance in your negotiations and also support you within the process of business transfer of the ownership.
We invite you to watch a short video about how you can buy a shelf company in Dubai and how our company formation agents can help you: