Category Archives: offshore shelf company

Purchase Aged Shelf Companies With Corporate Credit 

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Aged Shelf Corporations & ELOC's can help protect & grow your businesses in many different ways.

1.Owners should convert existing personal businesses into corporations

2.Establish corporate history, trade lines, and protect personal credit and assets.

3.Owners want to establish business trade lines in the business name instead of using there personal credit or loans.

4.Business has grown or wants to expand out side of local area, vendors asking for personal guarantee or company Duns Number for validation.

5.Owners or entrepreneurs want or need to acquire larger corporate credit lines, Credit card lines of credit, and bank loans to finance a variety of small to mid-size businesses necessities.

6.There are a million different reasons why owners & entrepreneurs need aged corps

Do not waste time building corporate credit if your plan for funding is now.

Buy an aged corporate shelf company with or with out credit if you do not already have a credit ready aged corp.

Consider finding an experienced service provider that is familiar with both aged corporations & aggressive lenders. They understand the process and have relationships with lenders to get things done quickly 20 – 45 days. Time will depend on the stage of business, trade lines .

Do you home work, search the internet ask lots of questions, feel good about who you are doing business with, meet with them if possible, they will be an extended partner for years to come.

If this is the first time you have considered an ELOC – Equity lines of Credit the typical first round is 200,000 to 300,000 cash lines of credit not business credit trade lines. Second rounds start at 500,000.00 per lender. This will vary depending on borrows personal credit score initially.

If your business is established it is possible to skip first round for your business as long as you have built the corporate profile correctly and your trade lines show on your company trade references.

You goal is securing unsecured lines of credit, Credit cards and trade for you business. You want to separate the business from the personal credit if you are looking to buy a home, car loans etc. Do not let the business drop you personal buying power. The business should stand on its own.

Corporate brokers or service providers can provide the following:

1.5 + Aged corporations with excellent paydex scores with various commercial credit agencies.

2.Provide Personal Guarantor for Aged Corporations if your credit does not meet lending requirement.

3.Provide lending programs that meet your borrowing requirements

A service provider can make the difference in the future of your business for years to come.

Credit Building Companies:

If you are not in the need of funding now but planning for the future of your business I recommend using a credit building company to help you establish the business requirements early so in 2 years when you need larger lines of credit you will be ready.

Plan a head, find yourself a good service provider early on — build a relationship with them, It could be the difference in expanding, success or failure of your business one day.

Corporate credit building for your business by all means should be started as soon as possible whether you start the process or hire a company to assist you. You will thank me when the time comes for funding that you established for your business.

There are several good companies out there that are relative inexpensive but well worth the investment. The down side is it can take 6-9 months to establish good trade lines small company credit cards and lines of credit for your business.

Good luck with your search, many before you have gone through the same initial questions and concerns. I can assure you it can make a difference in the future of your business. Find the right service provider, live your American Dream.

Understanding the Process of Getting a Shelf Company

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The process of setting up a shelf company is quite simple. One of the biggest hang ups that people seem to have though is determining if it is legal. A shelf company is one that has been doing just that – sitting on a shelf and collecting dust. It has been waiting for a business owner to come along and give it life.

There are quite a few benefits to setting up a shelf company. The most common one is that they often can encourage lenders to give you funding for your new business. You can use that date that the shelf company was started as the date of the business. These days it is harder and harder to get new business credit due to the poor economy. So business owners need all the help they can possibly get.

In order to get your hands on a shelf company you don't need to do very much. The key is that you find a good one to invest your money in. Unfortunately you will find there are quite a few scams out here surrounding shelf companies and you want to avoid them. Do your homework and make sure that you are actually getting what you pay for. You also want to make sure there aren't any negative ties with credit associated with any shelf company you are looking at acquiring.

When you are ready to move forward you want to compare prices. In many regards the older a shelf company is the more you will pay for it. Shop around though to get a very reasonable deal. Save the money you can to invest in other aspects of your business. Once you pay for the shelf company the shares of it will be transferred into your name.

There also needs to be a process for the directors of the company to resign. This is a legal technicality that you want to make sure gets taken care of. Generally though it is just a paper process. The paperwork will be drawn up and each party signing them accordingly. Most of this is done by mail so you won't even end up meeting any of these directors of the shelf company.

The process is very direct and you will find that the amount of paperwork involved in acquiring a shelf company has dramatically decreased. Most of it can be done on the computer which saves everyone involved both time and money. If you want to work with a shelf company broker they will assist you every step of the way from start to finish. Of course they do charge fees for doing so but if you are new to the game you will likely find such assistance to be very helpful.

Getting your hands on a shelf company may be just what you need to get your new business off the ground. It can help you with establishing some history both with creditors and the general public. This is a very simple and effective way to promote your business so it can start making money.

Robert Bain – veteran business owner shares his thoughts on building corporate credit, even if you have bad personal credit. Visit Offshore Company Forum to read more.

Is It a Good Move to Buy a Shelf Company?

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A shelf company, also called a shelf corporation or aged corporation, is a company that was set up with the intent to age without being used – there are no activities.

Metaphorically spoken, the company was created just to sit on a “shelf” and wait to be sold whenever it “aged” enough. Why? Some entrepreneurs simply do not wish to go through all the necessary start-up procedures associated with a new company, or they buy a shelf company because:

? They do not have the time to take the necessary steps to create a new corporation.
? They want the opportunity to bid on contracts immediately. Some authorities demand that companies have been in business for a specific length of time to have bidding privileges.
? They prefer an appearance of corporate longevity to boost consumer and/or investor confidence.
? They will be able to apply for investment capital quicker.
? They obtain access to corporate credit much easier through a shelf company. Lenders deem a company with a long history less risky.
? They can apply for accounts with a higher credit limit.
? They may be able to negotiate lower interest rates.

It is a known fact that consumers and investors want to develop relationships with trustworthy companies that have been around for a while. It limits all kinds of business risks. Sure, this line of thinking seems understandable, but is it fair towards brand new companies? How will they ever be able to compete and prove themselves, if every door they knock on is slammed in their face simply because they only registered their organization a few months ago?

Trying to make a name for yourself in today's economy is tough; it is one of the main reason why many new businessman opt to buy a shelf company. They already have so many other issues to deal with, that buying a company with a history seems like a super idea. Why waste time and resources if you don't have to?

Do not be blinded by the amazing advantages a shelf company has to offer; there are a few drawbacks. Before signing a purchase contract, consider the following aspects:

? Using a shelf corporation to establish a long company history is a clever move, but one that will only work if the credit bureaus do not find out about your purchase. Being under “new management” can reset the age of the company, taking away the longevity advantage.

? Shelf companies offer a great solution as long as you can deal with your ethical conscience. It does not matter what your reasons for the purchase are, or what other convincing arguments you come up with, in principle, you will be misleading your consumers, investors and everyone else you have business affairs with. As long as this does not bother you, you will do fine, but if you do value your principles, it may be best to build your business from the ground up. You will feel a lot better about yourself, and you will never have to worry about nosy investigators discovering your secret.

When starting a shelf company in Australia there are many laws and legislation that you must be aware of. Quick companies offer professional advice in all things business related and can help you start your shelf company.

Shelf Company

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This is a company or corporation that is inert and carries no active functions. The shelf company that has had no activities can then be sold to person(s) who have the interest in it and do not want to go through the procedures of starting a new company. Usually there are numerous reasons and interests making one want to purchase a shelf company. Some of the reasons are:

• So that the buyer(s) gets in business of getting contracts and orders as soon as possible. Some rules and regulations require a company to have been in operation for along period of time before it is allowed to carry out bidding requests. But after buying such companies that are registered but have been inactive you stand a chance of getting the contracts
• Another main reason for buying a shelf company is to save time, hustle, and bustle involved in the process of doing the of paperwork  and necessary documents required to set the company up
• To create a sense of trust and boost to other investors who will perceive your company to have stayed in the market for long and hence do business with you. No one wants to work with an amateur, so the longer your corporation has withered the storm the better it gets when it comes to fervors.
• To get access to resources such as loans and other credits. It is very easy for another company to get a guarantor if it has been in operation for long than one starting today.
• To get a leeway to investing capital. Investing here stands for directing a resource from being consumed today to creating profits tomorrow. Or simply it is the use of assets to gain income.
Those are some of the reasons as to why individuals go for shelf companies. Though setting up a company might be tedious some countries are making their jurisdictions more flexible in-fact some care even registering companies in a couple of hours Countries like the Belize, British Virgin Island and Seychelles are encouraging investors by registering a company in few hours.

Shelf companies may come as a result of poor governance and bad taste of business history. In-fact there has been debates as to whether financial institutions are giving the shelf companies capital anymore because it is understood that a business’s history is looked upon as due diligence before an investor or a creditor grants cash. Remember before an investor grants your company he has to investigate the asset, liability and other factors if a bad reputation is discovered then the dream of funding sublimes.

One very important factor to consider when re-ageing or purchasing a shelf company is that you should be careful the credit givers do not learn that your company is re-ageing because they will definitely include that in their reports. This report may tarnish your chances of acquiring the loan that you badly need to set-up this company.

If you successfully acquire a shelf company then get control over the establishment’s board of directors and shareholders profile.

Offshore Company Formation
with CCLOGIC.COM, we provide reliable online registration and formation of Offshore Companies and online opening of Offshore Bank accounts through our advanced ordering system Online Registration & formation of Offshore Company

Why Choose A Shelf Company?

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A shelf company is a firm that had ceased to operate. This means that it was created and left with no apparent activity. These companies end up being sold to persons or entities that would want to establish a firm but are afraid of going through all the vital processes of company formation.

There are many factors that would influence one to purchase a shelf company. Some of them include;

Time-since the steps of creating a new company are many and demanding, people tend to prefer Shelf Company so as to save their precious time. Purchasing one of these companies will take the shortest time possible given that they have already undergone all the necessary procedures.

Expansion of opportunities-With an already existing company you will gain the first chance to submit your offer. This is mainly because there are laws that require a firm to be active business transactions for along duration in order to get this capability. In view of the fact that a shelf company might have existed for a long time, people would wish to associate themselves with an already existing corporation than a totally new one.

Confidence with customers- most consumers tend to trust products and services from companies that have been existing thus purchasing a shelf company will be a manifestation of business permanence.

Access to investment-Given that it has been into existence; it is much easier simplifies accessibility to business start off resources. For instance, the company can redirect actively its resources such as assets so as to create more profit as it stretches its services to a wide area.

Easy rights business credit usage-if the company has existed for a long time it is easier for it to gain credits such as loan or grants from different organization. This is because the granting company is confident with it.However, in cases where the credit bureau comes to know of the change of gourd it can indicate the same on its report efficiently or “re-aging” the company, if this happens it can really disadvantage the company. To avoid this be careful not to alert the bureau.

When searching for a precise shelf company, make sure you go for one that provides exceptional services such as Trust and Super Fund establishment as well as secretarial services. In addition, go for one that simplifies an otherwise complicated process.

There are many services offered by various shelf companies, for this reason you should go for a company that offers quick and efficient company registration services that include registration certificate, a bank kit for opening bank accounts, original copies of the constitution as well as common seal.

There are some countries that have made shelf company business asuccess, by making the process very easy as well as revising on their jurisdiction so as to suit their people. The best examples of countries practicing this kind of business include Belize, Seychelles as well as British Virgin Island. In these countries there is no need to go through the frustrating task of creating an original company name as one can just select from the existing list.

Offshore Company Formation
with CCLOGIC.COM, we provide reliable online registration and formation of Offshore Companies and online opening of Offshore Bank accounts through our advanced ordering system Online Registration & formation of Offshore Company

Shelf Company in Cyprus, Belize, BVI or even the Seychelles, but hwer to get it?

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Shelf companies are ready made companies that have gone through all the legal registration requirements and may be bought by someone who would want to bypass the long registration or incorporation processes. A shelf company is formed and sold by accounting or law firms and may be referred to as blank check company. Any shelf company, ceases to trade until it is purchased.

If you want to buy any of these companies, you can do so in the most simple and fast way. The only requirement you will be needed to accomplish is to get the shelf company’s shares transferred to you by the seller (accounting or law firms). After this, you take over the ownership of the company and may decide to rename the company or retain its original name.

Some companies have come in the spotlight to help people create companies. Our company being one of them strives at reducing the duration needed by one to set up a firm. One way in which we carry out this is to register and prepare the company secretarial documentation on behalf of the company’s “would be owner”. We do all the accounting and law related deals in order to register new companies, acquire pre-registered companies and outsourcing the preparation of company secretarial documentations.

All these services are open to private clients only under the recommendations of our accountants and lawyers. Therefore before you decide to register your company it is advisable to contact our lawyers and accountants in order to know the regulations as per the governments in question.

However, if you want to purchase a BVI shelf company, you are required to follow the following things:

First the company must be registered as per the date of registration indicated. It must also exist as a legal entity that is available for purchase.
Second, there are some companies marked as ‘pending’ meaning the incorporation exercise is not complete. You should wait for the period when the company will be available for purchases. Third, the documents are not certified by notary or legalized by apostille, so incase you need these certifications, then you must be in for some delays of 1-5 days.

Fourth, all the directors must be appointed to replace the existing ones. Fifth, make sure you order shelf companies it is not obvious you will get the documents immediately. The client must be known by the service provider to develop the trust needed. Sixth, to register a new BVI business you will need more days. So this service works in favor of the client.

Any purchase of a shelf company is required to cover the standard annual maintenance fees for the full period time that has elapsed since the initial registration date or the period the company spent on the shelf.
We are committed to quality personal services and highly recommend that you pay special attention to all the above mentioned things with special attention to the date of incorporation of the chosen company. Do not make any business transaction before you receive the company original documents.

Offshore Company Formation
with CCLOGIC.COM, we provide reliable online registration and formation of Offshore Companies and online opening of Offshore Bank accounts through our advanced ordering system Online Registration & formation of Offshore Company

Register Shelf Company – no! – buy a shelf company!

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The registration of the Shelf Company was and is still improved to make the business individuals or groups who want faster trading method simplified. In ancient days, it took a very long time to acquirer a business. The following reasons made company registration hard: First, the long procedures required in business registration could not make the companies that considered time an important trading factor be operational in time. This made this kind of companies postpone their registration as the targeted client timing had run out. Secondly, some companies could not meet the set standard requirement at their given time of registration. Lastly, the increasing demand to start companies made registry of companies have a tedious and stressful work.

With this in mind, the company registration corporation started advance creation of companies and put them on the shelf ready for sell to those who needed. When there was need for a person or group of persons to create a company as fast as possible, they could go to the registry firms and get the off-the shelf companies or commonly known age corporation. The only requirement is the exchange necessary for the buyer to fully acquire the company. However, the improved technology has made company registration easy. These companies that offer registration services such as Cleardocs make it almost impossible to wait long to create a new company.

Many off-shore companies have come into existence. This is because of the increased need to have many companies registered. Registration of these companies varies in many countries. This is because Company Registration Act varies according to country of origin. Nevertheless, there some International Standard Company Acts which were formulated to create uniformity in world companies. This was done through the International Business Company (IBC).  This company is used as a regulator of international trade and investment. For instance, in British Virgin Island (BVI), the shelf type of registration of businesses was allowed in 1985. The International Business Company Ordinance was the chief regulator of the registered companies globally.

The following procedures are followed in order to register a shelf company:
o The business Memorandum and Articles of Association followed by approved Certificate from Registered Argent is of first importance. This should be able to confirm the requirements of the set Ordinances. If the company is registered locally, it must be able to retain and keep the office address of registration. In BVI, the English law requires the professionals to treat the clients’ affairs with secrecy.
o The name of the company should be clearly defined. It can be in any language but should be licensed for world approval.
o The minimum number of directors should be well defined. According to IBC, the minimum number of directors remains one and their names should not appear in the company archive.
o The share capital recommended is normally 50,000 US$ and this can be articulated in any currency.
o The IBC does not recommend any taxation on the worldwide profits.

Offshore Company Formation
with CCLOGIC.COM, we provide reliable online registration and formation of Offshore Companies and online opening of Offshore Bank accounts through our advanced ordering system Online Registration & formation of Offshore Company

What truly is a Shelf Company?

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A close corporation or shelf company is basically an entity which has been pre registered and lacks liabilities as well as assets. It’s never participated in business transactions and their formation or incorporation is solely for sell. As a matter of fact, these companies does not exist in real sense, but are traded with a guarantee that they do not have assets or even liabilities.

A shelf company has turned out to be the fastest channel starting business and guiding up the stairs and ultimately, keep it running. Its chief executives and directors are resourced within the shortest time possible to allow you have an account and begin business transactions instantly. The company’s operations begin almost immediately when you tender your application papers. If you require a name and an address number, you can take refuge in the services of the shelf company.

These companies become legal whenever they bear the registration stamp and date. They are more than ready for buying. Whenever you spot a company with the word approved on it, it is a clear indication that the company needs to undergo the rigorous registration process in the registrar of companies.

Whenever you are going in for the ready made shelf company, the shipping formalities are not guaranteed immediately. Seychelles has a unique formula of handling its business. For new customers, the “know your client” rules are followed to the later, after which, money is paid.

One other thing about shelf companies is that they have a very open configuration where by directors are voted for, resolutions drafted up, shares traded and registers assembled. When an order from a customer is received, these procedures are now acted upon.

In Seychelles, shelf companies do not need to be certified by an apostle or even the Notary. This procedure is meant to bring orderliness in the business world especially in international trade.

As if all is said and done, making a choice of a shelf company save at least a day or two which are usually important in carrying out the incorporation work in registering a new Seychelles IBC. Shipment normally takes between one and ten working days based on the information of the order as well as the receipt of due valid information and your payments.

Its relatively imperative to note that yearly renewal of payments(registered agents, Government duty, yearly maintenance charges as well as registered address) come in a little early as compared to new ones. The original date of formalization is what gives rise to this change. The buyer of the respective shelf company meets the maintenance charges in full since the time of incorporation.

The importance of it is witnessed at the buying of vintage corporations. These are companies which have existed for more than a year. They are much more costly than the new ones due to fees the buyer has to pay while purchasing the company. Entering into any transactions without receiving true (original) documents under the umbrella of offshore company you own is totally unheard off in this country.

Offshore Company Formation
with CCLOGIC.COM, we provide reliable online registration and formation of Offshore Companies and online opening of Offshore Bank accounts through our advanced ordering system Online Registration & formation of Offshore Company

What are Shelf Corporations?

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This is a company that does not operate on the daily normal company operational procedures but created and left on the ledge for other people who want to start a company from up the ladder. It is created and kept inactive giving it more ageing period. This period when it’s it out of operation makes it acquire a name, age company or corporation. This kind of company has a long history in the corporative sphere and was first started with many aims. The aims were meant to profit the establishers and their clients who could be an individual buyer or a group of persons who desired to a corporation without having to follow the normal measures of company’s creation.

People willing to start a company can now go through very easy and faster means to create a company. Thanks to the improved development of shelf corporations that has provided a link to business persons who are out to go the easy way. Most business corporations that are making profit in the developed nations such as USA, Australia, Canada, Europe and partly in some developing countries such as South Africa, have developed as a result of these aged corporations.
 
The benefits of Shelf Companies

This stereotyped companies have a unique characteristics which when properly employed, give a big boost to businesses. The company therefore has the following advantages:
? It is instantly available when needed. This means that a person or group of people who wants to start a business firm won’t start from the simple regulations to venture into business. It’s therefore possible to immediately make a name to your company. The name may thus make the business retain the clients lost before if it was a company that had gone under. If it is a newly established, it will get instant clients.
? This kind of company will give a newly established business some form of longevity and an improved corporate or public image.
? The corporation gives the new established businesses special services given only already established ones. Obtaining credit cards and other credit facilities. Many financial institutions only give credit services to businesses that have been long in the market. The Shelf Company or corporation started businesses also enables get loans.
? Governments rely on businesses or companies that have been established for a long period of time for their contracts. Many government firms require that businesses be operational for a given period of time for eligibility for getting bids.

There are many offshore Shelf companies. Most of Seychelles companies are the best examples of these corporations. Governed by the international legislation for the formation of the multipurpose and widely sought after company, the shelf companies do not have minimum or maximum share capital. The recommended amount ranges between 100 USD to 100,000 USD. This amount acts as a legal integration bill. One advantage is that the Seychelles aged or self corporations are not charged tax on all income derived outside of the Seychelles. However, some companies have been subjected to business inspection because of their criminal activity of tax evasion.

Offshore Company Formation
with CCLOGIC.COM, we provide reliable online registration and formation of Offshore Companies and online opening of Offshore Bank accounts through our advanced ordering system Online Registration & formation of Offshore Company

Shelf Company in the Seychelles, Belize, BVI or Cyprus, where to start?

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This is a company or corporation that is inert and carries no active functions. The shelf company that has had no activities can then be sold to person(s) who have the interest in it and do not want to go through the procedures of starting a new company. Usually there are numerous reasons and interests making one want to purchase a shelf company. Some of the reasons are:

• So that the buyer(s) gets in business of getting contracts and orders as soon as possible. Some rules and regulations require a company to have been in operation for along period of time before it is allowed to carry out bidding requests. But after buying such companies that are registered but have been inactive you stand a chance of getting the contracts
• Another main reason for buying a shelf company is to save time, hustle, and bustle involved in the process of doing the of paperwork  and necessary documents required to set the company up
• To create a sense of trust and boost to other investors who will perceive your company to have stayed in the market for long and hence do business with you. No one wants to work with an amateur, so the longer your corporation has withered the storm the better it gets when it comes to fervors.
• To get access to resources such as loans and other credits. It is very easy for another company to get a guarantor if it has been in operation for long than one starting today.
• To get a leeway to investing capital. Investing here stands for directing a resource from being consumed today to creating profits tomorrow. Or simply it is the use of assets to gain income.
Those are some of the reasons as to why individuals go for shelf companies. Though setting up a company might be tedious some countries are making their jurisdictions more flexible in-fact some care even registering companies in a couple of hours Countries like the Belize, British Virgin Island and Seychelles are encouraging investors by registering a company in few hours.

Shelf companies may come as a result of poor governance and bad taste of business history. In-fact there has been debates as to whether financial institutions are giving the shelf companies capital anymore because it is understood that a business’s history is looked upon as due diligence before an investor or a creditor grants cash. Remember before an investor grants your company he has to investigate the asset, liability and other factors if a bad reputation is discovered then the dream of funding sublimes.

One very important factor to consider when re-ageing or purchasing a shelf company is that you should be careful the credit givers do not learn that your company is re-ageing because they will definitely include that in their reports. This report may tarnish your chances of acquiring the loan that you badly need to set-up this company.

If you successfully acquire a shelf company then get control over the establishment’s board of directors and shareholders profile.

Offshore Company Formation
with CCLOGIC.COM, we provide reliable online registration and formation of Offshore Companies and online opening of Offshore Bank accounts through our advanced ordering system Online Registration & formation of Offshore Company