Ajman ready made licenses for sale
Individuals and businesses who have decided to purchase an existing company in Ajman instead of registering a new entity, will find it beneficial in a number of ways.
The most common reason to buy a shelf company in are:
- Access to a company that has an in country value certificate which is required to bid on certain local enterprise and government project tenders.
- Acquiring a company that registered and “listed” with local enterprises that are difficult to become suppliers of, such as:
- Major grocery chain such as (Lulu, Carrefour, Nesto and more)
- Oil and Gas companies such as ADNOC (Abu Dhabi National Oil Company), ENOC (Emirates National Oil Company)
- Hospitality groups such as Marriott, Hilton.
Verified Marketplace
Looking for Ready-Made Businesses or Shelf Companies in UAE?
Browse our live master catalog of 700+ verified UAE entities with active corporate bank accounts, zero liabilities, and 24–48 hour legal ownership transfer.
- Associating with a newly registered company can mean uncertainty for stakeholders, purchasing and acquiring an operational company will help ease the minds of potential partners and customers, and increases credibility of the business.
- Immediate access to a bank account – this is beneficial if the business activity that you are looking to practice is the exact same as the current license activity.
- International investors looking to setup a regulated company in Ajman will be able to save a substantial amount of time in purchasing a license that already has the desired business activity approved, as NEW regulated businesses has to go through a lengthy approval process.
- Requested business activity is no longer issued to new businesses as sometimes, certain business activity may be “cancelled” and not available to new owners.
- Existing companies are able to renew their business license that already has this activity “grandfathered” and active on the license.
Ready Made Companies For Sale in Ajman
Depending on what your business activity is, it is possible to purchase a ready made shelf company in Ajman from the following jurisdictions:
Ajman Department of Economic Development – Mainland LLC companies
Ajman Freezones, including:
- Ajman Freezone
- Ajman Media City
Ready made businesses for sale in Ajman are not sold by these government entities, but can be found for sale on the secondary market sold by the company’s owners.
Reasons Why Businesses Are For Sale in Ajman
While every owner has the reason for selling their company, the most common reasons why Ajman companies are sold are:
- Owner is leaving the country
- The business is not generated enough return on investment that the owner was anticipating.
- On the flip side, a company have achieved the financial goals that the owner had planned for and it is time to exit.
- Plans changed and the owner is no longer able to continue operating the company.
- The company was not able to open a bank account with the business profile, which includes the company activity and/or the owners background, such as their nationality.
What buyers should look out for when purchasing an Ajman ready made shelf company
Proper due diligence needs to be taken in order to ensure there are no liabilities on the company.
Customers that are looking to purchase a shelf company in Ajman should perform due diligence with but not limited to:
- Ajman court – For any outstanding legal matters that the company may be involved in.
- Company licensing authority – To see if there are any fines the company is facing but not disclosed, such as late renewal, payments owed, inspection violations, employee complaints and more.
- Ajman Department of Economic Development offers a “360 Report Statement”, which is a complete overview of the company’s compliance history, licensing status, and any past violations or fines.
- Ajman Freezones needed to be contacted to determine the company’s current financial and legal standing with the freezone authority.
- Etihad Credit Bureau’s AECB report shows financial information, such as how many business accounts the company has, as well as any credit card, business loans and cheque books that have been issued, and needs to be reconciled for by an external accountant or auditor.
- Federal Tax Authority – For any penalties issued to the company or outstanding Corporate Tax (CT) / Value Added Tax (VAT) that are pending to be paid.
- Ministry of Human Resources and Emiratisation should be contacted to see if the company has any issues related to labour and workers relations.
- Federal authority for identity, citizenship, customs, and port security (ICP) for any immigration concerns.
How Much Does It Cost to Purchase a Shelf Company in Ajman?
A number of factors needs to be considered before the value of a company can be determined such as:
- Age of the company.
- If the company is currently renting an office or a desk.
- How many business accounts the banking company is holding.
- How many residency visas the company is eligible for.
- Validity of the business license before expiration (how much time is left on the license before it needs to be renewed).
- Whether the existing business activity that the company is involved in, is difficult and time consuming to acquire.
On average, it costs between $20,000 to $30,000 USD to purchase a ready made Ajman license company.
What Is The Process To Purchase A Company In Ajman
After you have decided to purchase a company in Ajman and you have identified a potential business to acquire, the first question that pops up is – what is the process to buy a shelf company in Ajman?
Depending on where the company is registered, it may be possible to complete the ownership transfer immediately, or the new owner may need to a 15 to 30 days to complete the ownership change process.
After any potential waiting is completed, the company can be transferred directly at the Free Zone (in person or online) or in person at Ajman’s Department of Economic Development.
- If the buyer is not available in the country, it is possible to assign a power of attorney to a trusted party in UAE, to sign on behalf of the buyer.
- Although the transfer of the ownership is signed by the power of attorney holder, the ownership still belongs to the original buyer.
How BUH consulting can assist
BUH Consulting’s business acquisition team will work with you to understand your requirements, available options in Mainland and Freezones of Ajman and perform the necessary due diligence in order to minimize your risks in purchasing a ready made shelf company in Ajman.
Contact information
For a tailored solution, contact us to discuss about your requirements.
Email: – sam@buh-consulting.com
Phone: +971585086656
Whatsapp: +971585086656
Telegram: BUHConsultingAE