Dubai Offshore Company Registration

Dubai Offshore Company Registration | Buy Old Or Form New

Dubai offshore company registration: Old company disadvantages, steps to buy existing one. May not save time or money

Dubai offshore company registration: A new offshore formation takes time. Buying an existing company is expensive. Read this to decide.

It sounds easy to buy an offshore company to save time. But, there are many things to consider.

Please invest 1 minutes of your time to watch the Dubai offshore company registration video below. It spells out how you can benefit. Or if you prefer to read, then feel free to skip the video and go straight to the text below:

 

 

Dubai offshore company registration: Get a free quote now by filling in the box on the right and know considerations on whether to buy old or form new

Dubai offshore company registration

When you create an offshore corporation there are many advantages to the protection of your personal assets, lower tax rates and obtaining financing through the sale of your company’s shares to expand faster.

And you can structure the company just the way you want to.

So the question is, form an offshore corporation or buy an offshore company?

Dubai offshore company registration: Existing company disadvantages

No doubt creating a new company is an attractive option.

It is said that ‘time is money’, and the popular assumption is that if you buy an existing offshore company it will save money since it will be quicker than forming a new one.

Not always so.

1. The investor will normally be charged for the offshore formation on sale from the date it was incorporated and kept on the ‘shelf’.

2. The investor’s due diligence procedure, including the various documents he or she has to provide, still needs to be done. This second step takes the most time since the actual Dubai offshore company registration takes but a few days.

But this step is easier if the investor has done his due diligence with his incorporation agent. Especially if he is using the same agent again.

Your papers may need to be redone if the information is not complete as desired by the relevant authority.

Dubai Offshore Company Registration | Buy Old Or Form New

Dubai, Creek

Dubai offshore company registration: Get a free quote now by filling in the box on the right and know considerations on whether to buy old or form new

Dubai offshore company registration: Buy an existing one

So the other choice is to buy an existing shelf offshore formation. You can buy an offshore company of one of two types:

1. For which all paperwork has been done and approved and is an officially valid offshore registration, But it hasn’t been used before.

Such formations are readily available in most offshore jurisdictions. These have been registered by company incorporation agents to ease the investor’s life.

However, please check to see that the company does not have a history, is legally registered with the proper government documents, and that the registration agent you are buying from gives you all genuine documents.

When choosing to buy an offshore formation, please also ensure that the company’s structure, purpose, and areas of doing business in its Articles of Association are similar to the type of business you are planning to start.

2. The other choice is that you buy a working offshore company which has some assets, finances, the board of directors and shareholders. A new investor needs to be careful when buying an ongoing business and maybe better off by forming a new offshore company to plunge into business, but step by step.

Of course, this is presuming that your offshore company objectives are set. And that you have chosen your offshore jurisdiction and your offshore company registration agent.

Dubai offshore company registration: Get a free quote now by filling in the box on the right and know considerations on whether to buy old or form new

3. Judging the appropriate value of the company is a completely different science or art. However, the company registration agent may suggest a value.

Also, there are thousands of accountants and investment bankers who have perfected this skill and you will need to hire one of them in your city to get you the best deal.

4. An experienced negotiator will get you the best deal so it is utterly important that you be willing to pay him the commissions required. He will save you more than what the costs!

One way of getting information on the business would be to meet and get acquainted with the present board of directors and shareholders of the company.

Their views on problems and suggestions for the improvement of the corporation would be a great starting place. This may not be always possible for an offshore company.

Perhaps the best recommendation would be to form your own offshore company. Unless you need an existing one to meet requirements for doing business as part of any tenders you may be participating in.

Dubai Offshore Company Registration | Buy Old Or Form New

Burj Khalifa Lake, Dubai

Dubai offshore company registration: Get a free quote now by filling in the box on the right and know considerations on whether to buy old or form new

Does the content of this page about offshore service Dubai resonate with you? If yes, please share it with your friends using one of the social media buttons or chat with us.

Go from Dubai offshore company registration to Varal homepage

Dubai Offshore Company Registration was last modified: June 8th, 2019 by Manu Raj

Manu Raj

Has a positive attitude towards the job, is friendly and a team player.

More Posts - Website

Follow Me:
TwitterFacebookGoogle Plus