Tag Archives: incorporate

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
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Register Shelf Company in one of the best countries.

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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

Who will Register a Shelf Company which I can buy?

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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
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-get all accruing benefits

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Belize is a country ensconced at the coast of the Caribbean Sea and it is a place teaming with faunal wildlife and lush mangrove at the east coast situated at the Barrier Reefs.  This young democracy is at the crossroads of political and socio-economic development, but nevertheless, it is so astute at building, as they have shown, very tight and solid offshore financial services.

One incredible financial service offered in this former British company is the self companies or what is also termed as ready-made companies. These companies are an International Business Company or commonly rendered as IBC’s. Shelf companies are basically companies that have not struck any dealings with anybody. This essentially means that they have not entered into any business transactions or obligations. Since they have not been in practical use, their incorporation documents are hanging on the “shelf.”  To cause to legally exist or to Register Shelf Company, means a host of benefits.

Once you Register Shelf Company, others will reap the benefit once it is up for sale. With the incorporation already in full force, prompt deliveries will be the order of the day as all the hustles of incorporation will long be dispensed with. However, a company with the “pending” or others the “approved” mark are companies that are set for incorporation as stipulated by the Belize Registry of Companies but the said incorporation is still in the process of completion. Getting a fully incorporated shelf company will suffice for you.

The other upside that accrues from an individual who embarked to Register Shelf Company is the “age” factor. If you buy a shelf company that was registered awhile ago, the prestige that accrues from its long existence or age, will come with good returns. This will mean added respectability and a shade of useful dignity to your company. In fact, with such time-stayed existence getting the company name will not demand the hustle and bustle common with starting a brand new company.

If you are keen to Register Shelf Company, getting an online or document order form will suffice. And since the ready made companies exist in open configuration where the directors are not yet ascertained and the issuance of shares not yet done, he clients order may be the determining factor to consider. The moment you get into the business of registration there will be a name check to see if a company with the same name exists somewhere else. A contact in IBC’s registration is very important; more important than the order form.

Just like any other financially savvy country, Belize also takes client- customer communication an confidentiality very importantly. Via the Due Diligence facts and the payment gotten, your Memorandum together with the Articles of Association will be processed for your new IBC.

Through the chief registrar of companies to Register Shelf Company will be made complete by their certification and legalization. However this will only confine the company to local jurisdiction. To make it hold water abroad Apostille legalization or second-tier legalization will be necessary either by the Foreign Office or the Supreme Court according to the Hague Convention.

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