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