Buying a Business

Buying a business in the United Arab Emirates (UAE) can be a lucrative and rewarding investment opportunity. The UAE offers a favorable business environment with low tax rates, a stable political climate, and a well-developed infrastructure. However, buying a business in the UAE requires careful planning, research, and compliance with local laws and regulations.

Benefits of Acquiring an Existing Business

Acquiring an existing business can offer several benefits over starting a business from scratch. Here are some of the key benefits of acquiring an existing business.

Established Brand and Reputation

An existing business typically has an established brand and reputation in the market. This can save time and resources that would be needed to build brand awareness and reputation from scratch. Additionally, an established reputation can be leveraged to attract new customers and retain existing ones.

Existing Infrastructure

An existing business often has an established infrastructure, including employees, equipment, and facilities. This can save time and resources needed to set up the infrastructure from scratch. It also means that you can start generating revenue from day one.

Access to Financing

Acquiring an existing business can be less risky for lenders, making it easier to secure financing. Lenders are more likely to provide financing to an established business with a track record of success than a startup with no established track record.

Experienced Employees

An existing business typically has experienced employees who are familiar with the business processes and operations. This can reduce the time and resources needed to train employees and ensure that the business is running smoothly.

Process of Acquiring a Ready-made Business in UAE

Acquiring a running and profitable business in UAE can be a complex process that involves various legal, financial, and operational considerations. Here are some steps you can follow:

Identify Your Business Goals

Before you start looking for a business to acquire, you need to identify your business goals. What type of business are you looking for? What industry or sector are you interested in? What is your budget? What are your growth targets?

Conduct Market Research

Once you have identified your business goals, you need to conduct market research to identify potential acquisition targets. You can use online resources, business directories, and industry reports to gather information about the market and potential competitors.

Evaluate The Financials

Once you have identified potential businesses, you need to evaluate their financials after signing of non disclosure agreement with the potential seller. You can request financial statements, tax returns, and other relevant documents to assess the profitability of the business. You should also consider the current and future market conditions, customer base, and revenue streams to determine the value of the business.

Conduct Due Diligence

Before you make an offer, you need to conduct due diligence to ensure that the business is in good standing and has no legal or financial liabilities. You can hire a legal and financial team to help you with this process.

Negotiate The Deal

Once you have completed due diligence and are satisfied with the financials and legal standing of the business, you can negotiate the deal. This includes agreeing on the purchase price, terms of the sale, and any contingencies.

Complete The Acquisition

Once you have negotiated the deal, you need to complete the acquisition. This includes finalizing the purchase agreement, transferring ownership, and complying with legal and regulatory requirements.

Things to Consider Before Making a Deal

Buying an existing business can be an attractive option for entrepreneurs who want to enter the market quickly and with an established customer base. However, before making a purchase, there are several key factors to consider to ensure the business is a good fit and a wise investment. Here are some things to consider before buying an existing business:

Industry and Market Conditions

It is important to assess the current state of the industry and market conditions of the business you are interested in. Conduct market research and analysis to determine if the market is growing or shrinking and if there is potential for growth or if there are significant risks to the industry.

Financial Health

Reviewing the financial health of the business is critical. Ask for financial statements, tax returns, and other relevant financial documents to evaluate the profitability, cash flow, and debt of the business. Consider working with a financial advisor or accountant to review these documents and assess the financial health of the business.

Legal and Regulatory Compliance

Ensure the business is compliant with all legal and regulatory requirements, including licensing and permits, employment laws, and tax regulations. Verify the business has no legal liabilities, pending lawsuits, or any other legal issues.

Brand Reputation

The brand reputation of the business is important to consider. Research the online presence of the business, reviews, and feedback from customers to evaluate the reputation of the business. Consider working with a marketing consultant to develop a strategy to maintain or improve the reputation of the business.

Operations and Management

Evaluate the operations and management of the business, including the organizational structure, management team, and business processes. Assess the employee turnover rate and the ability of the existing staff to run the business. Determine if you have the necessary skills and experience to run the business effectively.

Customer Base

The customer base of the business is important to consider. Evaluate the customer demographic, purchasing behavior, and loyalty. Determine if there is potential for growth in the customer base or if there is a risk of customer attrition.

Reason for Sale

Understand why the current owner is selling the business. Is it due to retirement, financial difficulty, or other reasons? Ensure that you understand the reason for the sale and determine if there are any underlying issues that could affect the future success of the business.

Why Choose ADEPTS

Expertise and Experience

At Adepts Chartered Accountants, our team consists of highly skilled professionals with extensive experience in managing complex regulatory and accounting standards. We are proficient in both local and international regulations, ensuring our services are accurate and fully compliant.

Tailored Solutions

Recognizing the unique nature of each Business, we offer customizable services designed to align with your specific needs and business objectives. We collaborate closely with you to understand your requirements and deliver solutions that achieve optimal results.

Time and Cost Efficiency

By choosing our services, you benefit from significant savings in time and resources. Our solutions are engineered to be cost-effective, providing high-quality support without the need for substantial internal investment.

Accuracy and Compliance

We prioritize accuracy and compliance in every aspect of our service. Our meticulous approach and rigorous procedures ensure precision and adherence to standards, reducing the risk of errors and the potential for non-compliance penalties.

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

CFO Service

The Business Professionals who can take care of your company's financial needs

A CFO service offers much more than just accounting services or a fancy bookkeeping solution; they provide the same functions that an in-house CFO would for a fraction of the cost. If you’re starting up a new business in the UAE, contracting CFO services helps ensure that your financial records meet all statutory requirements and are well worth the expense. Rather than relying on any old accountant for basic accounting, it is much wiser to invest in experienced and outsourced CFO services for advanced financial planning. With their help, you can save money without compromising on quality professional advice.

What is a CFO Service?

As more and more businesses are popping up in UAE, CFO services are becoming an indispensable resource. Rather than hiring an in-house CFO, businesses can take advantage of the cost-effective services provided by financial firms in Dubai. With a wide range of functions such as financial record keeping and compliance requirements covered under its umbrella, these services ensure that businesses are compliant with UAE regulations without having to bear the burden of a full-time CFO’s salary. It all comes down to finding the right company that best suits your business needs and goals.

Why do you Need a CFO Service?

The main job of a Chief Financial Officer is to run the day-to-day business activities that have to do with cash, accounting, taxes, etc. A good CFO will be strategic, forward-thinking, and always able to predict future cash flows and financial results. A CFO’s forward-looking services help you figure out and deal with your business’s needs for resources and money well before they come up, which can be good for your business. A company’s CFO is responsible for the following tasks:

Manages the company’s cash flow.
Plans and oversees how the company’s finances are handled.
Looks at the company’s strengths and weaknesses in terms of money.
Offers suggestions for how the company can get better.
Makes sure that the company’s records are kept in accordance with the UAE Federal Laws and Accounting Standards.
Helps the CEO decide what to do.
CFO is always the center of all financial activity.

Responsibilities of a CFO in Dubai

Process of CFO service

Cash Flow Management and Forecasting

This involves creating a plan to monitor, measure, and analyze cash flow in order to make better decisions about how to manage finances. This includes forecasting future cash needs, understanding the impact of economic conditions on financial plans, and evaluating alternative methods for financing operations.

Budgeting and Expense Control

Developing budgets helps organizations effectively manage their resources and expenses so that they are able to reach their goals while still keeping spending in check. This involves identifying short-term and long-term objectives as well as setting parameters for spending.

KPI Development Analysis

Key performance indicators (KPIs) are used to understand how well an organization is performing against its stated goals. Analyzing KPIs allows companies to identify areas where processes can be improved or modified in order to optimize performance.

Compensation Planning and Analysis

Creating effective compensation plans requires understanding the value of employees’ work and ensuring that they are appropriately compensated for it. This includes looking at pay structures, employee benefits, bonus programs, and more in order to create equitable pay structures across the organization.

Year-Round Tax Planning

Tax planning entails researching laws and regulations so that taxes can be paid accurately on a timely basis each year. Knowing when tax obligations are due helps keep organizations compliant with regulations as well as minimize any potential penalties for non-compliance.

Stakeholder Communication and Investor Relations

Maintaining clear communication with stakeholders is key to ensuring successful business operations. This means providing timely updates on progress towards goals as well as responding promptly to inquiries from investors or other external parties who may have an interest in the company’s performance.

CFOs act as partners in business

CFO act as a business partner in other departments and helps them be more productive by analyzing and linking operational reports with financial reports. This helps them do their jobs better and adds value to the company.

CFO plans the company’s supply chain

CFO plans the supply chains of a company and makes sure it is cost-effective and competitive. They make sure that relationships with all stakeholders, like suppliers and customers, are kept in good shape and that the right decisions are made about whether to make or buy something.

The CFO lead’s the Company’s digital transformation

As they oversee financial and operational data that can be put in one place, analyzed with digital tools, and used to give management real-time insights that help them make decisions. After a thorough analysis, it presents financial reports that give a great expression at how the company is doing financially. Before making any strategic moves, they talk about all the issues with the board or investors and make sure they agree. After the board and investors have given their approval, they make, present, and run the company’s budget. They make financial models for new projects or businesses and show them to investors to get money for them.

Boosted Return on Investment by the CFO.

FO makes sure that investors get the most out of their money by maximizing revenue and lowering costs by improving productivity and efficiency in all parts of the business.

CFO controls cash flow management of the group

CFO plays a very important role in making sure that the group’s cash flow is well managed. This is done by making sure that short-term funds are not used for long-term goals and that money goes to the projects or areas of business that make the most money.

Those business projects or areas that get the best return on investment. They get money by building and keeping relationships with banks, financial institutions, and investors. They also try to keep the cost of raising money as low as possible.

They do a good job of managing their working capital by maximizing the working capital recycling. They protect themselves from the risk of foreign currency by choosing the right hedging instruments after keeping track of updates and figuring out how they affect the price of the foreign currency.

They make sure that the business has followed all corporate laws

They make sure that each part of the business has the right internal controls and processes in place to keep fraud and mistakes from happening and to find and deal with risks. They make sure that the best practices are used, like benchmarking, to get the best return on investment.

Acquisitions and Mergers

CFO plays a key role in the progress and expansion of the company’s business by making sure that the right infrastructure, including key resources like money, is in place.

When a company wants to grow through mergers or acquisitions, it needs to make sure it has the right infrastructure and key resources, like money, in place.

frequently asked questions

What kind of services do CFOs provide?

CFOs (Chief Financial Officers) provide a wide range of financial management services, including financial planning, budgeting, and forecasting, cash flow management, cost control and analysis, credit risk management, preparing financial statements and reports, tax compliance and planning, internal controls assessment and implementation, and mergers and acquisitions.

Is there a benefit to hiring a CFO service?

Hiring a CFO service can provide businesses with many benefits, including improved financial performance, strategic insight and oversight of the company's finances, compliance with laws and regulations, and better decision-making processes.

What other roles do CFOs typically play?

In addition to providing financial management services, CFOs also often act as advisors and partners to the CEO on a variety of important decisions, including strategic planning, risk management, capital structure and more. They can also help improve corporate culture by providing key insights into employee morale, retention and motivation.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

What is Business Valuation

Business Valuation is the process of determining the economic value of a Business or Company

It involves analyzing various factors such as the financial performance, assets, liabilities, market conditions, and growth potential of the business to arrive at an estimated value.

What is Business Valuation

Business valuation is the process of determining the economic value of a business or company. It involves analyzing various factors such as the financial performance, assets, liabilities, market conditions, and growth potential of the business to arrive at an estimated value.

Why Business Valuation Is Required

Business valuation is an important tool for business owners, investors, and other stakeholders because it provides a comprehensive understanding of the value and financial health of the business

Mergers and Acquisitions

Business valuation is essential for mergers and acquisitions, as it helps buyers determine the fair market value of a target business and sellers to set a reasonable asking price. It can also help negotiate the terms of the transaction and provide insights into potential risks and opportunities.

Fundraising

Business valuation can be important when raising capital, as it provides investors with an objective and accurate estimate of a company’s worth, which can help to attract potential investors and secure funding.

Exit Strategies

Business owners may need to develop an exit strategy for their business, and business valuation can provide them with the necessary information to make informed decisions about the timing and method of exiting the business.

Tax Planning

Business valuation can be an important tool for tax planning, as it provides an objective estimate of the value of the business that can be used for estate planning, gift tax planning, and other tax-related purposes.

Internal Management

Business valuation can help owners and management better understand the financial health of their business and identify areas of improvement or growth potential. It can also provide a benchmark for performance and help with strategic decision-making.

Methods of Business Valuation

Business valuation is a complex process that requires consideration of various factors such as financial performance, assets, liabilities, market conditions, and growth potential. There are several techniques that can be used to perform a business valuation, and each approach has its advantages and limitations. Here are some detailed techniques of business valuation:

Market Approach

The market approach is a popular method for business valuation that involves comparing the target business with other similar companies in terms of size, industry, and location. This approach looks at the prices of similar businesses that have recently been sold in the market, and it is based on the principle that similar businesses will have similar values. The market approach considers the following methods:

Guideline Public Company Method

This approach involves looking at the financial ratios and multiples of publicly traded companies in the same industry to estimate the value of the target business.

Guideline Transaction Method

This approach involves analyzing the financial data of comparable companies that have been recently sold to determine the fair market value of the target business.

Income Approach

The income approach is a widely used method of business valuation that focuses on the expected future cash flows that a business is expected to generate. The income approach considers the following methods.

Discounted Cash Flow (DCF) Method

The DCF method involves estimating the future cash flows of the business and then discounting them back to their present value using a discount rate. This approach considers the risks associated with future cash flows and the time value of money.

Capitalization of Earnings Method

The capitalization of earnings method involves estimating the expected future earnings of the business and then capitalizing them using a rate of return. This approach is commonly used for small businesses that have a stable history of earnings.

Asset-Based Approach

The asset-based approach is a method of business valuation that focuses on the net value of a company’s assets after deducting its liabilities. This approach considers the following methods:

Book Value Method

The book value method involves determining the net value of the company’s assets by subtracting its liabilities from the total asset value. This approach is most commonly used for companies that have a significant amount of tangible assets, such as real estate or manufacturing equipment.

Liquidation Value Method

The liquidation value method involves estimating the value of a business’s assets if they were sold in a forced liquidation scenario. This approach is most commonly used for distressed businesses or those that are about to be sold.

Weighted Average Cost of Capital (WACC) Approach

The WACC approach is a method of business valuation that considers the cost of both debt and equity capital. The WACC is used to calculate the discount rate for future cash flows, which is then used to determine the present value of the business. The WACC approach is often used in conjunction with the income approach.

Industry-Specific Multiples

Industry-specific multiples involve analyzing the financial ratios of companies in the same industry to estimate the value of the target business. This approach is commonly used in the valuation of public companies, where a large amount of financial data is available.

frequently asked questions

What is business valuation?

Business valuation is the process of determining the economic value of a business or company.

Why is business valuation important?

Business valuation is important for various reasons, such as determining the fair market value of a business, facilitating mergers and acquisitions, and assessing the financial health of a company.

What are the different techniques of business valuation?

There are various techniques for business valuation, including asset-based valuation, market-based valuation, income-based valuation, discounted cash flow valuation, capitalization of earnings valuation, comparable company analysis, precedent transaction analysis, economic value-added valuation, replacement cost valuation, and liquidation value valuation.

How often should a business be valued?

The frequency of business valuation depends on various factors, such as the size and industry of the business, its financial performance, and market conditions. Generally, it is recommended to conduct a business valuation at least once every three years.

How long does a business valuation take?

The duration of a business valuation depends on the complexity of the business and the valuation techniques used. Typically, it can take anywhere from a few days to several weeks to complete a business valuation.

Who can perform a business valuation?

A business valuation can be performed by a professional valuation firm, a certified public accountant (CPA), or a business appraiser who has expertise in business valuation.

What factors are considered in a business valuation?

Various factors are considered in a business valuation, such as the company's financial statements, revenue, profits, assets, liabilities, market trends, competition, and industry outlook.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Dubai Free Zones

services

Dubai Free Zones

Aenean haretra quam placerat adipiscing penatibus aliquam adipiscing gravida elementum aliquet eget senectus felis enim diam molestie.

Company Formation in DIFC

Dubai International Financial Centre (DIFC) is one of 30+ Dubai Free Zones that is located between the East and West.

Value Added Tax

Stay one step ahead with our FTA-approved tax agency services with a team of tax experts having extensive experience and knowledge about VAT laws and regulations.

TESTIMONIALS

What’s Our Clients Say

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip.

Gravida vulputate aliquet tempor siteque sed pretium urna sed etid aenean haretra placerat enim haretra adipiscing penati aliqua varius adipiscing gravida elementum.

Image featuring a professional staff member providing free zone services in Dubai.

Lucas Turner

Business

Gravida vulputate aliquet tempor sitequesed pretium urna aenean haretra placer eharetra adipiscing penati aliqua

Photo of a team collaborating on free zone company formation solutions in Dubai.

James Dawson

Business

Gravida vulputate aliquet tempor sitequesed pretium urna aenean haretra placer eharetra adipiscing penati aliqua

Image of staff engaged in discussions about free zone services in Dubai.

Danica Monroe

Business

Who we WorkED WITH

We've worked With Thousands of Satisfied Clients

Gravida vulputate aliquet tempor sit. Neque sed pretium non urna sed etid aenean haretra quam placerat adipiscing penatibus aliquam adipiscing gravida elementum aliquet eget senectus felis enim diam molestie.

Our Clients

UAE Free Zones

services

UAE Free Zones

Company Formation In DIFC

A secure and efficient forum for businesses and financial organizations to reach into the region's emerging markets.

Company Formation In DMCC

Dubai Multi Commodities Centre (DMCC) is a strategic initiative by the Government of Dubai to provide a vibrant marketplace for commodities traders and related service providers. Renowned for its state-of-the-art infrastructure, flexible business setup options, and unparalleled facilities, DMCC has positioned itself as an ideal destination for business setup in Dubai.

Company Formation In ADGM

Company Formation In ADGM At Adepts Chartered Accountants, we understand the critical role of internal audit in ensuring the effectiveness of your organization's operations, risk management, and internal control systems

Company Formation In RAKEZ

At Adepts Chartered Accountants, we understand the critical role of internal audit in ensuring the effectiveness of your organization's operations, risk management, and internal control systems

Company Formation In SHAMS

SHAMS, or Sharjah Media City, is one of the newest and most desirable free zones for entrepreneurs and businesses in the UAE. Offering a dynamic environment and exceptional facilities, SHAMS is the perfect place for creativity to flourish.

Company Formation In Al Hamriyah

Al Hamriyah Free Zone is an emerging free zone in the UAE known for its simplicity, speed, and security in company formation. It offers businesses a strategic location with access to key global markets and a friendly business environment.

Company Formation in DIFC

A secure and efficient forum for businesses and financial organizations to reach into the region's emerging markets

Dubai International Financial Centre (DIFC) is one of 30+ Dubai Free Zones that is located between the East and West. DIFC delivers a safe and efficient platform for businesses to reach into and out of the emerging markets of the region. The quality and range of DIFC’s self-reliant regulation, framework of ordinary law, supportive infrastructure, and tax-friendly administration make it the ideal location from which to capitalize on the region’s constantly expanding need for financial and business services. The DIFC is unique because its legal system is consistent with “English common law.”

DIFC Company Formation

The DIFC’s goals are to deliver a forum for DIFC company formation and particularly financial organizations to operate a business with the region’s emerging markets. It is an international economic centre nestled in the centre of Dubai. It is bounded by an area rich in natural resources.

DIFC helps client growth through authority business process streamlining, service advancement, and improved management structures aimed at a superior client experience. One of the principal factors behind the success of DIFC is its self-reliant risk-based regulator i.e., the Dubai Financial Services Authority (DFSA), which grants licenses and controls the activities of financial services conducted through DIFC.

Benefits of Company Formation in DIFC

The following are the benefits of Company formation in DIFC :

LEGAL AND REGULATORY FRAMEWORK

TAX BENEFITS

COUNTERPARTY CONFIDENCE

DIVERSE ECOSYSTEM

Central to regional deal-making without any restrictions.
Presence of well-known international firms, investment and wealth management firms, banks, and financial institutions.
Professional auditing and tax services with complete knowledge.
The largest fund domicile in the region.

GEOGRAPHIC EPICENTER

Working areas, including holding companies and family offices, are closer to the assets that they manage.
The Middle East, Africa and South Asia (MEASA) is rapidly becoming a centre of gravity for the global economy.
Dubai plays a vital role in the growing trade, primarily between Asia and Africa.
Positioned centrally to reap the benefits of emerging markets.

Why Set Up a Business in DIFC?

There are several reasons to build a business in the Dubai International Financial Centre (DIFC). The DIFC delivers a world-class regulatory environment and an extended range of business activities to banks, financial institutions, and professional services firms. The DIFC is also a convenient location for corporations in the Middle East and North Africa. With a strong legal system and English as an official language, DIFC welcomes a West-oriented business model. Thus the DIFC is an important financial hub in the Middle East and is home to several popular banks and financial organizations. The Centre is also a favored choice for setting up a business due to its low taxes and easy business set-up process.

Key Steps for Establishing a Business in DIFC

The following factors are to keep in mind while establishing a business in DIFC:

You should first choose your company's legal structure to determine the types of licenses and approvals you will need to obtain beforehand. This will help you plan better with an understanding of legalities and peace of mind
Once you have a strategy, you need to secure the necessary financing for your business. This may involve approaching local banks or financial institutions for help.
You need to obtain the required business licenses and permits from the DIFC Authority for execution.
Lastly, you need to find suitable office space within DIFC after registering your business with the DIFC Registrar of Companies.

Following these steps will ensure that your business is properly set up and compliant with all the relevant laws and restrictions. With the most favorable business environment and effortless company set-up process, the DIFC is the perfect spot to start establishing your business in the Middle East.

Document Required for Business setup in DIFC

Proof of trade name reservation
Passport(PP) Copies for the shareholder(s)
List of activities to obtain the relevant license in DIFC
Personal Information sheet for each shareholder & manager
Passport copy and C.V of the Manager
Notarized Power of Attorney appointing as your legal representative, So that we can act on your behalf and/or on behalf of the shareholders.
Lease agreement – Lease Documents Having a physical address for your venture/office is a Compulsory requirement in the UAE. The rent on average within the free zone area is US$ 25 up to US$ 45 per sq. / ft. (US$ 225 up to US$ 400 per sq. /m.). Our company can assist you while searching for your Physical address.
You might require to submit other documents as well to fully complete the process.

There are some activities which might require third-party / authority pre-approval – accordingly additional costs and professional fees might be applicable. Contact us to know more.

What We Offer?

Our company formation specialists suggest to our clients the best possible way to structure their business per the business activities which our clients are willing to undertake. Our experienced professionals can help you in dealing with all the legislative requirements in an efficient and cost-effective way so that you can implement your business activities according to the land with no legal worries.

At Adepts, we assist companies and organizations in setting up their business in DIFC. The DIFC can carry out the following financial service activities:

frequently asked questions

What is DIFC and why set up a business there?

DIFC (Dubai International Financial Centre) is a free-zone located in Dubai, United Arab Emirates. It was established in 2004 with the purpose of attracting international financial services and companies to the region. It operates as an independent jurisdiction with its own legal system, tax regime, and regulatory framework. The DIFC is a hub for many regional and international financial institutions and offers a business-friendly environment and world-class infrastructure.

Setting up a business in the DIFC offers several advantages, including:

Access to a large pool of international talent and expertise
Zero tax on income and profits
Strategic location within close proximity to major Middle Eastern, African and South Asian markets
Access to a well-developed financial and regulatory infrastructure
A supportive and conducive business environment that enables the growth of companies

What types of companies can be set up in DIFC?

DIFC offers a wide range of company setup options, including limited liability companies (LLCs), branches of foreign companies, partnerships, limited partnerships and sole proprietorship companies. The DIFC also has specific provisions for financial services companies, such as banks, insurance companies, investment firms, and others.

What are the eligibility criteria for setting up a business in DIFC?

The eligibility criteria for setting up a business in DIFC are as follows:

The business should be owned by an individual or company registered outside the UAE
The business should provide financial or professional services
The business should be approved by the DIFC Authority

How long does it take to set up a business in DIFC?

The time required to set up a business in DIFC depends on several factors, such as the type of business, the complexity of the business model, the availability of necessary documents and approvals, and others. Typically, it takes between 4 to 8 weeks to set up a business in DIFC.

What are the costs involved in setting up a business in DIFC?

The costs involved in setting up a business in DIFC include:

Application fee
Company registration fee
Office rental
Legal and regulatory fees
Licensing and visa fees

The exact cost of setting up a business in DIFC will depend on the type of business, the size of the office, the number of visas required, and other factors.

What documents are required for setting up a business in DIFC?

The following documents are required for setting up a business in DIFC:

Business plan
Company profile
Passport and visa copies of all shareholders
Proof of address for all shareholders
Company registration documents
Memorandum and articles of association

What are the visa requirements for setting up a business in DIFC?

The visa requirements for setting up a business in DIFC depend on the type of business and the number of employees. Typically, a business visa is required for the sponsor, the manager, and the employees of the business. The visa process requires the submission of several documents, including passport copies, proof of address, and others.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Company Setup

services

Company Setup

Embark on your business journey with confidence using our comprehensive Company Setup services. Whether you're looking to establish your presence in a Free Zone or Mainland area, our adept team is here to guide you through every step, ensuring a smooth and efficient setup process tailored to your business needs.

UAE Free Zones

Setting up in a Free Zone offers a host of benefits, including tax exemptions, 100% foreign ownership, and more. Our Free Zone company setup services are designed to maximize these advantages for your business. We provide end-to-end guidance on choosing the right Free Zone, understanding the specific regulations, and handling all the administrative procedures so you can focus on growing your business.

UAE Mainland

For those looking to immerse themselves in the local market, a Mainland company setup is the way to go. We navigate you through the regulatory landscape, offering expert advice on legal structures, compliance, and local sponsorship requirements. Our team ensures your Mainland setup aligns with your business objectives, providing a solid foundation for your operations and growth.

Finance Function Set-Up and Process

Understand and Manage your Company's Financial Resources

The accounting and finance function is primarily responsible for maintaining the accuracy of financial records, tracking cash flows, and developing financial statements. Accounting and financial analysis allow companies to make better decisions regarding their assets, liabilities, investments, taxes, and other assets.

What is Financial Function Set-up?

Financial Function Set-Up is the process of establishing a company’s financial system and procedures to ensure accurate and timely recording, tracking, analysis and reporting of financial transactions. This involves setting up the organizational structure of the accounting and finance department, developing accounting policies and procedures, implementing internal controls over financial activities, selecting appropriate software applications for record-keeping and reporting, as well as establishing systems for compliance with legal, regulatory and other applicable requirements.

Why is it Necessary for your Business?

Proper accounting and finance functions are essential components of a successful, well-run business, as they provide information that is crucial to the company’s financial health. With proper accounting and finance functions, businesses can better budget and forecast their income and expenses, maintain compliance with financial regulations, and ultimately achieve success in their respective industries. Furthermore, having these functions in place can help build credibility with customers, vendors, and other stakeholders. Having proper accounting and finance functions also allows businesses to gain insight into the performance of their operations on both a macro and micro level. This type of analysis can help identify areas for improvement within the organization as well as reveal opportunities for growth or expansion. Additionally, having these functions in place will provide the necessary data to make informed decisions regarding cash flow management or long-term investment strategies.

Benefits Of Accounting And Financial Set-Up

Accurate financial reporting

Accounting and finance functions help businesses maintain accurate financial records, which can be used to generate reports that detail profits, losses, assets, and liabilities. These records and reports accurately depict the business’s current financial standing. They can be used as a basis for measuring progress and making informed decisions about future investments or changes in operations.

Comprehensive Budgeting

Without proper accounting and finance functions, businesses cannot accurately budget for their expenses or forecast potential income. With comprehensive budgeting capabilities, businesses can better manage their cash flow by creating plans to allocate resources according to their goals and needs. This helps ensure that businesses can operate without over-extending themselves financially.

Compliance with Regulations

Accounting and finance functions help businesses comply with applicable laws and regulations regarding taxes, payrolls, audits, accounting standards, and other related issues. Businesses can avoid costly fines or legal ramifications associated with noncompliance by having a team of professionals dedicated to these tasks.

Improved Decision-making

Access to accurate financial data allows business owners to make informed decisions about growth strategies, investment opportunities, expansion projects, and more. With the right information at their fingertips, businesses can proactively analyze risks versus rewards before committing funds or entering into contracts with vendors and customers.

Increased Visibility

The accuracy of financial records generated from accounting and finance functions also provides better insight into the performance of the business, which can help identify areas for improvement or opportunities for growth that may have overlooked in the past due to inadequate record-keeping practices. Additionally, gaining visibility into the financial health of a business allows stakeholders such as investors or banks to gain trust in the company’s ability to fulfill its obligations before offering financing services or other forms of capital support.

Process of Setting up Accounting and Finance Functions

Step 1
Defining the Purpose and Objectives of the Accounting and Finance Function

Some key objectives include:

Ensuring financial records are accurate and complete
Providing financial information to management for decision-making
Effectively managing the company's financial resources
Meeting legal and regulatory requirements
Managing the company's cash flow and liquidity

Step 2
Assess the Current Accounting and Finance System

Some key objectives include:

The current accounting software and systems
The current accounting and finance procedures and processes
The current level of automation and technology
The current staff and resources available to support the function
The current level of compliance with legal and regulatory requirements.

Step 3
Identify the Resources Needed to Set Up the Accounting and Finance Function

Some key objectives include:

Accounting systems and software
Tools and templates for financial reporting
Audit and compliance software and systems
Recruiting staff, including accountants, financial analysts, and compliance experts
Staff training and development resources

Step 4
Develop a Plan for Implementing the Accounting and Finance Function

Some key objectives include:

Installation of accounting software and systems
Implementation of new accounting and finance processes and procedures
Staff training on the new software
Implementing new tools and templates for financial reporting
Ensuring compliance with legal and regulatory

Step 5
Monitor and Evaluate the Accounting and Finance Function

Some key objectives include:

The accuracy and consistency of financial records
The efficacy of accounting and finance processes and procedures
The amount of automation and technology employed
The level of compliance with legal and regulatory standards
The efficacy of financial reporting tools and templates

frequently asked questions

What are the steps involved in setting up an accounting and finance function?

The steps involved in setting up an accounting and finance function include: defining the business's financial goals, determining the financial reporting requirements, selecting accounting software, hiring and training personnel, and establishing internal controls.

How important is selecting the right accounting software?

Selecting the right accounting software is critical to the success of an accounting and finance function. It is important to choose software that is easy to use, scalable, and provides the necessary financial reporting and analysis capabilities.

What qualifications should an accountant have?

An accountant should have a relevant bachelor's degree, such as in accounting or finance, and certifications, such as a Certified Public Accountant (CPA), Chatered Accountant (CA) or ACCA.

What role does technology play in setting up an accounting and finance function?

Technology plays a significant role in setting up an accounting and finance function. From selecting accounting software to automating processes, technology helps to improve accuracy, efficiency, and the overall effectiveness of the function.

What are the common mistakes to avoid when setting up an accounting and finance function?

Common mistakes to avoid when setting up an accounting and finance function include failing to align financial goals with business goals, not properly training personnel, not implementing internal controls, and choosing the wrong accounting software.

How can I ensure that the accounting and finance function is running effectively?

To ensure that the accounting and finance function is running effectively, it is important to regularly review financial statements, implement internal controls, and conduct regular audits. Additionally, it is important to continuously assess and update processes and procedures to improve efficiency.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Property Valuation

Get an accurate estimate of your property with our highly qualified chartered surveyors who specialize in property valuation for residential and commercial spaces

If you want to sell your property in UAE, you must be looking for a real estate agent or someone who can provide you with an estimate of how much it may cost. Calculating a property’s worth is important for you to determine how much you will be able to sell the property for.

Our team at Adepts consists of highly qualified chartered surveyors who specialize in both residential and commercial valuations. We provide a self-reliant and comprehensive report and advice for a spectrum of different assets like apartments, villas, offices, large-scale development projects and buildings. We provide our service to our clients in a variety of different sectors for a variety of purposes according to the demands of our clients.

What is a Property Valuation Service?

Property Valuation Services can play an essential role in the efficient market by providing accurate and fast property valuations used to calculate loan, lease, and mortgage applications. This service is crucial to avoiding costly mistakes during the purchase process or verifying property value before buying a new home (or selling).

Whether you are a seller or a buyer, everyone can benefit by getting an accurate estimation from experts in this field. These property valuation services offer many services, from residential to commercial property valuation.

Why do you need a Property Valuation Service?

If you are considering selling or buying a property in UAE, you need to hire a property valuation company because it will let you know the worth of the property. We at Adepts provide professional service and advice to our clients regarding such matters to make things easier for our clients.

Getting an estimate of your property is the process of property appraisal. It is important to get an accurate valuation as this will determine how much you will be able to sell or buy the property for.

Property valuation in UAE is an important procedure that helps define the value of real estate. And this value can be utilized for many purposes, including mortgages, insurance, and tax assessments. A professional values will consider many different factors when conducting a valuation, such as the property/ real estate’s location, size, condition etc.

Benefits of engaging expert team of Property Valuers

We have an extraordinary reputation with our clients and a proven track record of satisfied companies and individuals who received our services. Our highly qualified team of professionals follows international standards and accepted marketing practices. They are also licensed by various land government agencies in UAE. We can handle any type of real estate asset, from small businesses to high-profile clients.

The following are the key benefits of hiring our Property Valuation Services:

What services do we offer?

We value residential, commercial and industrial, and trading real estate assets with the best of results, service, and value for money. Our property valuation services are extended on an arm’s length basis and equally professionally.

We offer:

Real Estate Valuation
Residential Property Valuation
Commercial property valuation
Business valuation
Property Inspection
Machinery valuation

frequently asked questions

What is the need for property valuation?

Property valuation will help determine a range of values for the property in question. It can help you make a better decision for your property.

How can a buyer benefit from a property valuation service?

Property valuation helps the buyer make an informed decision before buying a property. A property valuation involves a thorough inspection of the real estate. The in-depth inspection often leads to finding potential points that might lead to getting a better deal on the property.

How can a seller benefit from a property valuation service?

Sellers need to have a clear idea about the estimated value of their property as per the market trends. Setting a value that is way higher or way lower than the market trends can lead to a delay in making the sale.

How much will a property valuation cost?

The cost of property valuation depends on the size and type of property that is being valued and estimated.

How long will the property valuation procedure take to complete?

The property valuation procedure may take 2 days to complete if the property being valued is a single property unit.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Selling a Business

Get your business ready for sale with Adepts Chartered Accountants!

Our experienced team of accountants provides a wide range of accounting, auditing, and financial services to businesses in the UAE. Let us help guide you through the complex process of selling your business and ensure it is presented in the best light to potential buyers.

What do we do?

At Adepts, we are dedicated to providing a comprehensive array of accounting, auditing, and financial services to businesses in the UAE. Many business owners don’t realize just how complex selling a business can be. That’s why our team of chartered accountants is here to serve as trusted advisors and guide through the selling process.

We understand the importance of navigating complicated financial regulations, market conditions, and buyer expectations in order to maximize successful outcomes for all parties involved. With extensive experience and knowledge of selling businesses in the UAE, you can trust that our team will make a hassle-free selling experience.

How do we sell your Business?

We understand that selling a business can be a complex and time-consuming process, and our team of experienced chartered accountants is here to help guide you through the process and ensure that your business is presented in the best possible light to potential buyers.

Pre-sale Business Valuation

The first step in selling a business is to determine its value. Our team of chartered accountants has the expertise and experience to provide accurate and reliable business valuations. We use a variety of methods, including the market approach, the income approach, and the asset approach, to determine the fair market value of your business. This will help you to set a realistic asking price and negotiate with potential buyers.

Preparation of Financial Statements

When selling a business, it is essential to have accurate and up-to-date financial statements. Our team of chartered accountants can help you to prepare financial statements that accurately reflect the financial position of your business. This includes preparing the balance sheet, income statement, and cash flow statement. We will also ensure that your financial statements are compliant with all relevant accounting standards and regulations.

Tax Planning and Compliance

Selling a business can have significant tax implications, and it is important to plan ahead to minimize any potential tax liabilities. Our team of chartered accountants has extensive experience in tax planning and compliance and can help you to understand the tax implications of selling your business. We will work with you to develop a tax strategy that minimizes your tax liability while ensuring compliance with all relevant tax laws and regulations.

Legal and Regulatory Compliance

When selling a business, it is essential to ensure that the business is compliant with all relevant legal and regulatory requirements. Our team of chartered accountants can help you to review your legal and regulatory compliance and identify any potential issues that need to be addressed. We can also work with you to develop a plan to address any compliance issues and ensure that your business is compliant with all relevant laws and regulations.

Marketing and Advertising

In order to attract potential buyers, it is important to market and advertise your business effectively. Our team of chartered accountants can help you to develop a marketing and advertising strategy that effectively promotes your business to potential buyers. We can also help you to prepare marketing materials such as brochures and flyers, and assist with online and offline advertising efforts.

Negotiations and Closing

Once you have found a potential buyer, the next step is to negotiate and close the deal. Our team of chartered accountants has the experience and expertise to help you to negotiate the best possible terms for your business. We can assist with drafting and reviewing legal documents, such as purchase agreements and closing documents, and ensure that the deal is completed in a timely and efficient manner.

Post-Sale Support

Our services don’t end once the sale is complete.Our team will work with you to ensure a smooth transition for both you and the new owner, and provide any necessary support during the first few months after the sale.

frequently asked questions

What is the process of selling a business?

The process usually involves finding a buyer, valuing the business, negotiating a sale price, and closing the deal.

How do I value my business?

Business valuation can be done by considering factors such as revenue, profit, assets, liabilities, and market trends.

How do I find a buyer for my business?

You can find a buyer through merger and acquisitions experts, online marketplaces, advertising, or by reaching out to potential buyers directly.

How long does it take to sell a business?

It can take several months to sell a business, depending on factors such as the size and complexity of the business and the availability of buyers.

What are the tax implications of selling a business?

The sale of a business can result in capital gains tax or other taxes, depending on the specific circumstances of the sale. Consult a tax professional for advice.

Can I sell a business if I have debt?

Yes, you can sell a business with debt, but the debt may affect the value of the business and the terms of the sale.

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dedicated to delivering reliable and consistent services, we aim to build long-term relationships with our clients based on trust, integrity, and mutual respect.

Request a Call Back

Buying a Business

Benefits of Acquiring an Existing Business

Process of Acquiring a Ready-made Business in UAE

Things to Consider Before Making a Deal

Industry and Market Conditions

Financial Health

Legal and Regulatory Compliance

Brand Reputation

Operations and Management

Customer Base

Reason for Sale

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

CFO Service

What is a CFO Service?

Why do you Need a CFO Service?

Responsibilities of a CFO in Dubai

Process of CFO service

Cash Flow Management and Forecasting

Budgeting and Expense Control

KPI Development Analysis

Compensation Planning and Analysis

Year-Round Tax Planning

Stakeholder Communication and Investor Relations

frequently asked questions

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

What is Business Valuation

What is Business Valuation

Why Business Valuation Is Required

Methods of Business Valuation

Market Approach

Income Approach

Discounted Cash Flow (DCF) Method

Capitalization of Earnings Method

Asset-Based Approach

Weighted Average Cost of Capital (WACC) Approach

Industry-Specific Multiples

frequently asked questions

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Time and Cost Efficiency

Accuracy and Compliance

Dependable Service

Dubai Free Zones

Dubai Free Zones

Company Formation in DIFC

Value Added Tax

What’s Our Clients Say

We've worked With Thousands of Satisfied Clients

Our Clients

UAE Free Zones

UAE Free Zones

Company Formation In DIFC

Company Formation In DMCC

Company Formation In ADGM

Company Formation In RAKEZ

Company Formation In SHAMS

Company Formation In Al Hamriyah

Company Formation in DIFC

DIFC Company Formation

Benefits of Company Formation in DIFC

Why Set Up a Business in DIFC?

Key Steps for Establishing a Business in DIFC

Document Required for Business setup in DIFC

What We Offer?

frequently asked questions

Why Choose ADEPTS

Expertise and Experience

Tailored Solutions

Benefits Of Accounting And Financial Set-Up

Step 1
Defining the Purpose and Objectives of the Accounting and Finance Function

Step 2
Assess the Current Accounting and Finance System

Step 3
Identify the Resources Needed to Set Up the Accounting and Finance Function

Step 4
Develop a Plan for Implementing the Accounting and Finance Function

Step 5
Monitor and Evaluate the Accounting and Finance Function