Guide to buy a ready-made business in the UAE
How to acquire an existing company and take into account the analysis of economic and legal aspects
The motivation for investing in a ready-made business is a desire to speed up the licensing process, avoid technical difficulties and delays, and have the chance to make a profit from day one. However, without understanding the specifics of doing business in the United Arab Emirates, you can easily make mistakes when purchasing a ready-made business. SORP Group is an expert in the assessment and design of ready-made businesses. We have prepared materials based on our practice.
Stages of ready-made business acquisition
Checking the company's financial position
It is necessary to analyze the primary documentation, obtain bank statements and confirm the turnover.
Examination of agreements between the company and clients
It is important for the company not to receive profit from several large contracts, otherwise there is a risk that the contracts will be terminated.
Examination of labor agreements
A professional team of employees is the key to business success. Make sure that the employment relationship with employees is properly managed.
Bank account check
A check acts as a payment tool for contractors in the UAE. Checks may be issued at a later date. It is advisable to close the previous bank account and open a new one.
Inspection of rental properties
Check the lease terms if the location of the business plays an important role in attracting customers, and check the owner's intention to continue cooperation.
Examination of documents
It is important to check the company's charter documents, change the local sponsor, if there is one, and prevent the possibility of the business being controlled from this angle.
Check with Immigration and the Ministry of Labor
Make sure that the visas of the owners and former employees are closed. Check whether the company is blocked by the Ministry of Labor for violations.
Planning how to develop the business
Ask the seller for a business development plan and conduct an independent review. SORP will help you analyze the plan and make any changes.
Re-registration of the company
After finalizing all legal and financial matters, we prepare all documents on a turnkey basis and help you re-register your business within 10 days.
Before making a deal, it is important to understand:
The business is organized for sale
Professional market players develop the company in promising areas of activity in order to sell it later for maximum profit.
Owners retiring or relocating
Common reasons for selling. Family circumstances or a new project in another country may force the owner to sell the existing business.
The desire to get rid of losses
Owners of a troubled business may use deception to get rid of it quickly. Such an asset presents a high risk and only professionals can recognize the warning signs that many simply would not notice until it is too late.
Crisis and disagreements between partners
A business with multiple owners carries an increased risk of conflict. Sometimes the only way to resolve matters is to sell the business and divide the proceeds.
As well as ready-made business opportunities, SORP experts assist in many ways
Search for a ready-made business for sale
We will seek out and identify appropriate acquisition targets based on industry, its value and other parameters you specify.
Checking financial indicators
Our experts assess the target enterprise and perform a thorough audit of available information about its management and finances.
Determination of value and liquidity
We review its industry and market, its competitiveness and true value, and identify any advantages and relevant trends.
Business re-registration support
We will prepare full documentation for re-registering a business and ensure the "security" of the transaction.
Independent local partner or agent
For a complete change and transfer of ownership, we will provide a nominee service for mainland businesses.
Ensuring staff recruitment
We put immigration procedures and employment contracts in place to protect the owner of the acquired business.
SORP Group’s extensive experience is key to starting a business in the UAE:
Invest safely in an existing business
If you cannot find a suitable successfully operating business in the UAE, we will build one together. We have all the knowledge and competencies to achieve this.