20.06.2017

You might be asking yourself whether you should incorporate a new company or purchase a shelf, ready-made company. In this article, we will be listing down information and benefits of shelf companies to help you make the right choice.

A shelf company is a ready-made company meaning it is already registered with the authorities in a specific jurisdiction. This means that the company registration number is immediately available and this is seen as an advantage to many. With this type of company, you need to allow some time to transfer the shareholding of the company into your name and appoint the new officers accordingly. Normally, this takes less time than incorporating a brand new formation. This is a time saver if you wish to start trading straight away.

With shelf companies, you can easily gain commercial credibility which ultimately gives reassurance to your clients. An aged and established company brings reliability and can boost your business. Establishing relationships is also easier when it comes to other business entities such as banks, chambers of commerce, suppliers and so on.

It is always very important and essential to confirm that the shelf company does not have any debts or liabilities and that it is in good standing with the relevant authorities to avoid having issues in the future. Previous company documents should also be requested in order to have information on the previous shareholders and directors. All company documents can be made available to you prior to deciding on whether you should purchase the shelf company or not.

If you really would like to show and impress that you have been established in your business for longer than you actually have, a shelf company is probably the best. Making the right choice is not easy and the final decision depends on your requirements, however our team of experts here at Fairwinds Management can assist in helping you make the right choice and show you a list of shelf companies that are available to you in the different jurisdictions. For more info about our corporate services visit www.fairwindsmanagement.net/services/corporateservices or contact us directly on csciberras@fairwindsmanagement.net.