A shelf company is a ready-made company which is available for sale; it has already been incorporated with SSM. There are many advantages and reasons to buy shelf company. There are two types of shelf company: New shelf company and Aged shelf company.
New Shelf Company
Why buying a New ready-made shelf company?
![New Ready Made-Shelf Company](https://hoosecretarial.com/wp-content/uploads/2019/09/qtq80-iFsMrA-1024x620.jpeg)
We have a number of New previously incorporated companies that have never traded. available for immediate transfer, and fully inclusive of all documentation.
Some reasons you may require a New shelf company:
- Start Business – start your business immediately
- Open Bank Account – you can open a corporate bank account immediately
- Agreement – sign contract or agreement immediately
- Statutory Documents – has all the required statutory documents
- Company Profit – all company information already in SSM system
Aged Shelf company
Why buying an Aged shelf company?
![Aged Shelf Company](https://hoosecretarial.com/wp-content/uploads/2019/11/qtq80-1ebACk-1024x683.jpeg)
The age of shelf company can affect the business you wish to conduct. The number of years a aged shelf company has been in existence may affect the confidence of potential business associates such as buyers, creditors or suppliers have in a company. (most lenders require a minimum of 2 and usually 3 years history in order to establish corporate credit history)
Some reasons you may require a Aged ready-made shelf company:
- Bank – if you want to apply a bank loans, company credit cards and other credit facilities, an aged shelf company will be in better standing than a new incorporation
- Corporate Image – company image and business history may be important, the longer a company has been in existence, the more credibility it can be said to have.
- Distributors and manufacturers – often require a company to have been in business for a certain period of time before doing business
- Consumer Confidence – to create an appearance of corporate longevity, which may boost investor or consumer confidence
- Investment Capital – to gain access to investment capital
- Corporate Credit – to gain easier access to corporate credit
- Suppliers and Customers – will do business with an older company before a brand new one
- Longevity – showing longevity and enhancing your image with customers and lenders
- Government Contracts – may only be awarded to companies that have been trading for a number of years – an aged shelf company may be beneficial to secure these
- Permits – to obtain a Business Visa or Work Permits for company directors is easier with an established company
Our shelf companies will all come with a certificate of non-trading confirming that they are free from liens, our shelf companies have no business debts or liabilities.
Please request a Formal Proposal from us before proceeding to buy any shelf company. (Call us to provide you more company list!)