The term shelf-company describes a company which has already been established, but´which is not carrying out any business activity yet.
The company has been established for the aim only to be further sold on.
Purchasing a shelf-company has some advantages:
- The company alredy exists and can be transferred and used in a speedy way.
- The company already has a bank account and no time is lost for setting this up.
- The purchase and transfer of a shelf-company can be process from abroad (only Power of Attorney and attestation through the German Consulate needed).
The disadvantage of purchasing a shelf-company lies in the fact that the purchase price is ca. 3000 € higher than of which is needed for establishing a fresh company.
Please do not hesitate to contact us, if you need additional information or support with setting up a company in Germany.
Dwyer Legal Law Firm, Schwanthalerstr. 13, Aufgang IV, 80336 Munich
Tel: +49 (0)89 24 88 14 310, www.dwyer-legal.com
Note: Information provided in this Knowledge Database is for orientation only and not binding.