The term shelf-company describes a company, that has already been established but is not carrying out any business activity yet.
The company has been established for the sole reason to be further sold on.
The advantages of a purchasing a shelf-company are:
- The company alredy exists and can be transfered/used in a speedy manner.
- 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 is:
- The purchase price is ca. € 3000 higher then establishing a fresh company.
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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.