Save your money with offshore shelf companies
Offshore Shelf Company is a ready-made company which is fully incorporated in the respective offshore jurisdiction. The process for registration and all the legal requirements will have already been completed and the company will be ready to conduct business or be used for any purpose as an offshore company. The beauty of a shelf company is that it is simply registered but has never been put to any kind of use so it comes with no liabilities expect the basic compliance requirements. As described above Offshore shelf companies are those companies which are fully registered but never been used. They already have legal standing and all due dues fees to the registration authorities will have already been paid. After incorporation they are simply entered into an inactive status until someone purchases them or put on the ‘shelf’ as is commonly known. The paperwork of an offshore shelf corporation has already been fully prepared by the promoters of the company or the corporate service providers. Offshore Shelf Company is also referred as aged corporation, the reason behind this is that the longer a shelf company laid on the shelf the more expensive it will become over time due to its renewal fees and other charges associated with it. Some benefits of an offshore shelf company are: 1. No minimum capital required 2. Much easier to manage 3. Keep all business related affairs confidential 4. Free from tax or minimal tax rates at most of the stations 5. It is a company that is already set-up and ready to start work for you 6. Protection of investments in other foreign countries 7. Almost no corporate taxes 8. 100% legal corporate vehicle Offshore shelf companies are for those entrepreneurs who want to incorporate offshore but don't want to build it from the ground up so this is a great alternative to fresh incorporation. They simply do not want to carry out all the necessary start-up formalities and procedures associated with a new offshore company registration. The following reasons may also be considered for buying a shelf company: 1. No time to follow the necessary steps and procedure to create a new corporation. 2. They want to have the opportunity to bid on the legal contracts immediately. 3. They want to overcome the demand of authorities like companies must be in business for a specific period of time to have their bidding privileges. 4. They prefer to boost consumer and/or investor confidence with an appearance of corporate longevity 5. They will be able to apply for quicker investment capital.
6. They want to obtain complete access to their corporate credit and capital much easier through a shelf company. 7. They will be able to apply for accounts with a higher limit on credit. 8. They will be able to do negotiate with lower interest rates. 9. They won’t be in need of physical presence of company in the country in which they wish to own offshore company. An offshore shelf company provides the business owner all the flexibility and bandwith they may require at a very affordable price. For instance, let’s say entrepreneur is in need to make a last-minute change with a particular deadline, and he doesn’t want to make it under his current business name. In such a case purchasing an offshore shelf company can provide a quick and efficient way to get a new registered business name, paying all the transfer dues and fees and taking charge of the shelf company will be done quickly and with ease. An offshore shelf company is therefore the perfect quick and easy solution. Whether you want to set up an offshore shelf company, offshore company registration or Offshore company set up in Seychelles or any other jurisdiction there are certain laws and legislation that you must be aware of. It is necessary to work with a professional service provider when you make a decision related to offshore business formation. VCS Africa is a professional corporate service provider which can assist with all Your needs and requirement related to offshore company formation.