In most jurisdictions the opportunity to purchase registered offshore companies is widespread. First, the main reason is time saving - no need to spend time for registration of an offshore company. Furthermore, the purchase of registered company may reduce total financial expenses. You can purchase a company and start your own business within short period of time.
The whole process of purchasing registered company is quite simple, you choose the most appropriate option among already registered companies. Upon choosing a company all relevant document are executed confirming the title and transfer thereof to new owner.
At the same time, taking into account specific features of procedure and cost of re-registration of an offshore company in the UAE, the sale of already registered companies is not popular - registration of a new company is much cheaper and faster.
If you anyway decide to purchase an already registered company, you should take into account that in the UAE there are many different forms of companies. Therefore there is no all-inclusive single option. This means that finding a company meeting your requirements and for reasonable price will be a bit of a problem.
In case when purchasing a registered company is essential term, for example, as part of purchase of current business, due diligence of the company shall be carried out subject to various parameters – absence of liabilities to other companies, compliance with all requirements of the law in terms of licenses, absence of liabilities to banks, etc.
The most reliable method of confirming good legal status of the company – execution of due diligence of such company by professional lawyers. If you need to carry our due diligence do not hesitate to contact us for further details.
