What is a Shelf Company?
A shelf company is a company that is already registered but has never traded or established business and has no assets or liabilities. Essentially, the company is registered to sit on the "shelf", waiting for someone to buy it. Purchasing a shelf company was previously the best way to quickly get business without using a time-consuming new registration procedure. However, company registration is now much faster and more cost-effective than making purchases and shelf changes. As a result, shelf companies are becoming a thing of the past.
Benefits Of Shelf Company
Some of the company types need a lot of waiting until it's application form is fully accepted. If you need a company now, Shelf Company is the best choice for you! It can be a good time-saving.
The existence of a company image and business history may be important to you - the longer a company has been, the better experience it has.
Easier access to bank relationships and credit lines.
The age of your business can affect the business you want to do. The number of years a company has been in can affect the trust of potential business, such as a buyer, creditor, or supplier.
