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.

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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.

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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.

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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.

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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.

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When searching for an advantageous location that you can register your shelf company you have to consider many factors that goes hand in hand with the exercise. There are numerous benefits of registering in a country that has favorable jurisdictions such as Belize, Seychelles not forgetting British Virgin Island.

Belize, located on the east coast of Central America, bordered by Mexico Guatemala is one of the perfect places where you can register your Shelf Company. There is no liability to tax of any kind except payment of the annual duty which is always included in the fees.Futhermore, accounts need not to be audited nor filed with any government offices.

Also the company legislation is very flexible allowing International Business Companies to operate in a way most suitable to the beneficial owners. The country is politically stable, hence providing a safe place to carry out your transactions

In all types of businesses communication is the vital tool to prosperity. In view of the fact that Belize is a former British dependent territory, the legal system is based on English Common Law thus you are certain on excellent communications.

Getting companies registration is not only pretty quick but also quite painless. Annual duty is relatively low compared to other places and there is no exchange control. In addition, there is no double tax treaties as well as disclosures are not necessary.

On the other hand we find that in Seychelles, law and taxation is mainly governed by civil law except for the corporate legislation and criminal law. Here IBCs are exempted from taxation on business activities or transactions carried outside Seychelles. Communication is also very effective since the language of legislation and corporate documentation is both English and French. When any language is used it must be accompanied by a translator.

Shares are also permitted such as bearer shares, registered shares, shares of no par value, and preference shares among many others. The beneficial owners are not disclosed, and therefore there is high privacy. When you want to hold Annual General Meetings there are no requirements and you can as well hold the meeting by telephone or any electronic means since it is not compulsory that the meeting should be held in Seychelles.

If you want to register initial or ongoing changes in directors or officers, it is very easy since there are no requirements. In terms of local infrastructure Seychelles has one of the best due to the finest International Airport and its national and well established international telecommunications. Register Shelf Company in Seychelles and enjoy the exclusive international banks and insurance companies.

In British Virgin Islands, there are also numerous paybacks since the corporate documents are well known to and widely recognized by the international banks. You will also embrace the benefits of a zero corporate income tax as well as inexpensive annual support. You will also enjoy purchasing property in the country or any other country for there are no restrictions. If your company has been incorporated in any other jurisdiction it can continue operating.

Make your choice for the best location to register Shelf Company and experience the extraordinary remuneration.

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

The laws that were formulated by the International Business Corporation is the forefront governing legislation that guides the formation of the famous and much needed shelf company. Globally, the Shelf Companies have been recommended as the safest and legal way of doing international commerce. Therefore, for one to register Shelf Company in Belize, Seychelles or British Virgin Island; the following should be put in place. The IBC Act of early 1990s gives guidelines on structure and the following should be considered:

? The IBC does not demand many directors, only one is needed. Hiring more than one director will be your own liking and choice.
? For register Shelf Company, the nationality or originality of the stakeholders or managers is not defined, they may come from any country.
? One shareholder who can as well be the director is allowed, but the director must not necessarily be a direct participant or stakeholder.
? There is no any statutory requirement for officers but if they are required then they can be the directors and the shareholders.
? There is a slot for nominee shareholder and director.
? Minimum requirement for register Shelf Company is one director and one shareholder. This can also be held by one person.
? Appointment of local shareholder(s) and director(s) has no procedural requirement.

For one also to be successful in registering Shelf Company, the IBC has some provisions on shares and principal requirements which include:
? Any amount of money is accepted as Authorized Capital fee, nevertheless the minimum recommended capital in Seychelles ranges from 100 USD-100,000 USD while in Belize is 50, 000 USD to pay for the legal integration fee.
? There is no capital limit for a Seychelles or Belize company.
? The availability of the Par value is not a necessity while issuing forms.
? Bearer shares are not allowed hence they are only issued in a valid or registered form.
? Shares of either Belize or Seychelles companies may be disbursed in different forms and classification. The Par or Preferential values may either be included or left out.
? Shares may also be exchanged with any other valuable property and in any currency.
? Lastly the share profits may disbursed even before payments are made
It is important that these `countries Seychelles, BVI and the Belize exempt taxes and stamp duties on offshore companies.

I BCs records and accounts must not be in possession of the officers instead if those records are available then they can be held anywhere in the world.
? The IBC does not make it mandatory for annual general meetings but if you must then it can hosted anywhere using any communication media including phones as long as there is effective communication from the stakeholders. Directors meeting are not a must but when a stakeholders or directors meeting are organized then proxy might represent any party or even vote on behalf of a party.
? No need keep prepared financial statement or accounts’ file. The auditor is also not needed. The company should keep copies of the minutes of its directors and shareholders and copies of resolutions the parties any time meetings are held by IBC.
Register shelf company lasts for a maximum, of 4 days and the names must contain phrases or abbreviations like “LTD”, “Limited” ”Corp” “  Corporation” o r “SA” “ Societe Anonyme’.

Offshore Company Formation
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Shelf companies can be registered under many companies’ acts. To register shelf company in BVI BC Act- British Virgin Islands  Business Company Act: there are very many rules to follow: however the benefits are very many.
BVC BC has been in this business since January 2007. its act removed the differences between on shore and off shore legal entities as well as the restrictions on doing business with BVI BC.

To register shelf company under BVC BC legislations, you need to do the following;
• Include words like Limited, Corporation, Incorporated, Societe Anonyme or Sociedad Anonima in the company name. You can also use their short forms such as Ltd, Corp, Inc, or S.A. Some names such as bank, financial, trust, insurance, and stock exchange are grouped under ‘restricted names’ and are considered by the registrar to be misleading. 
• All registered office addresses or the registered companies must be located in the BVI. Principal business addresses are sometimes found countries.
•  have a local registered agent that is authorized by the BVI government. The fees for registration include the BVI registered office address and registered agent for the first year.
• There is a requirement of at least one shareholder. People and firms that reside in other countries can become shareholders of BVI BC.
• A minimum  of one director is required however, the positions of president, secretary and treasurer are mandatory for each BVI  company. Any persons including individuals and legal entities who are residents of any country may be appointed as directors and offices of the BVI BC. It is important to note also that one person can assume all the positions of director, president, secretary and treasurer.
• BVI acts allow any person to register shelf company once he has the minimum number of shares which the company is allowed to issue.
• The number of shares the BVI company is allowed to issue affects the government incorporation fee and annual fee. For example 50 , 000 shares attracts & 350 and $ 1,100 government fees and BVI government fees respectively. Some companies are limited by guarantee that is not authorized to issue shares of unlimited company that is authorized to issue shares. In this case the BVI government fee is $ 350. the standard BVI company is considered company authorized to issue shares of up to 50, 000 shares of a single class with par value of US$ 1.00  each. This kind of company satisfies about 99 percent of our clients. The fees include the government fees.
• BVI BC cannot issue bearer shares unless authorized by the memorandum or articles of association.
• No taxes for  BVI BC or its directors, officers and shareholders.
• Each BVI BC must pay the annual renewal fee beginning the second year as listed in the fee schedule.

BVI BC does not file names of directors, officers and shareholders with the company register unless they are in the memorandum and articles of incorporations.
No annual general meetings are required
Time needed for receiving registration documents, is between 5 and 8 days. The companies are available as soon as all the legal requirements have been completed.

Shelf companies incorporate BVI companies and keep them as shelf companies. We also offer mail forwarding services and other services.

Offshore Company Formation
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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