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An offshore shelf company, might very well help speed up the process of setting up a company in a new country and establishes a track record for the company, since it has already been in business, albeit passively, for some time.
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An offshore shelf company, is a structure that has already been registered with the local regulatory authorities, owns its certificate of incorporation, has no trading activity to its name and is just patiently waiting to be bought.
This type of company might very well help speed up the process of setting up a new office or business in a new country and establishes a track record for the company, since it has already been in business, albeit passively, for some time.
Enter the ready-made or shelf company, a structure that has already been registered with the local regulatory authorities, owns its certificate of incorporation, has no trading activity to its name, and is just patiently waiting to be bought.
This type of company might very well help speed up the process of setting up a new office or business in a new country and establishes a track record for the company since it has already been in business, albeit passively, for quite some time.
Despite the ease with which anyone can open a new company online these days, the ready-made or shelf company offers plenty of benefits to the modern-day businessperson.
The main reason it hasn't yet disappeared as an option is that its date of incorporation shows that the company has been around for much longer, a positive for any business that wants to portray itself as being more experienced or not as new as in reality.
Likewise, the process is very fast to set up, which allows the businessperson to make use of the company for whatever reason sooner rather than later.
Finally, in many cases, the ready-made or shelf company uses a specific name that is of use or interest to the individual setting up the company or business.
One thing to consider when buying a ready-made or shelf company is that the company's constitution, memorandum of association, and articles of incorporation will be standardized in nature and may not fall 100% in line with your company's needs.
As a result, further work might be required to tailor the company to your precise likes. This process might include changing the company's name, tweaking the number of directors needed, and adjusting the many rules involving board meetings, veto rights for shareholders, and more.
Don't worry, though, as Meridian Trust is ready to help you effectuate many of these changes as an additional service during the company's sale and transfer to you.
Meridian Trust can help you set up ready-made or shelf companies in a wide array of jurisdictions including:
Check our list of currently available offshore shelf companies.
Generally speaking, the process to buy a ready-made or off-the-shelf company is relatively straightforward.
First, the buyer will acquire or purchase 100% of the ready-made company. In other words, they will own the company's entire share capital. This process is facilitated by the registration agent—in this case, Meridian Trust—via the execution of a stock transfer form.
For the most part, this form will include the following details pertaining to the transaction:
The registration agent will then enlist the buyer as a new member in the company's member register, allowing the organization to issue share certificates to the buyer.
Throughout this entire process, Meridian Trust will help you fill out any necessary forms and meeting minutes to be presented to the regulatory authorities.
Likewise, Meridian Trust can help prepare board minutes for the company's new directors, as well as relevant shareholder documents, in order to make it easier for the new owners to tweak the company's name or adjust its articles of association to fall in line with their wishes for the organization.
It can take as little as 24 hours for you to have your ready-made or shelf company ready to be used.
Then, Meridian Trust needs about one or two days to have your new company structured as per your precise requirements.
Let's talk! Fill in the form below and schedule your 30 minute free consultation with one of our corporate lawyers, to discuss any questions about acquiring an offshore shelf company.
HAVE A QUESTION? Schedule here your free 30 minute consultation
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