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Turnkey Company

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Montecristo

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Jul 19, 2016
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#1
Is turnkey company legal? I saw advertisement whereby a corporate service provider selling offshore company with bank account already in place, is that legal/safe to use?

How to sell a fully incorporated company with bank account away? Do I need to sign a sales and purchase agreement with the seller?
 
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#2
Usually you don't sign anything else then the change of ownership agreement, the new memo and the share certificate. Then it works so that either you don't let the bank know or you let them know but first after you asked them for an approval of the business.
 
#3
auric said:
Usually you don't sign anything else then the change of ownership agreement, the new memo and the share certificate. Then it works so that either you don't let the bank know or you let them know but first after you asked them for an approval of the business.
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In another words, there is no incorporation of company. Only takeover a ready made company with bank account. Is that legal?
 
#4
That is legal as long as you don't tell anyone. What is legal today when it comes to offshore Companies and the purpose most have for them? I think you need to consider the fact that you can do most what you couldn't do with a regular EU corp.
 
#5
What is this turnkey company are you referring from? Do you have the website or link that I could read and know about them?

By the way, are you the real Montecristo from league of legends or just a fan? Cause I'm a fan as well haha
 
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#6
MisterFree said:
What is this turnkey company are you referring from? Do you have the website or link that I could read and know about them?

By the way, are you the real Montecristo from league of legends or just a fan? Cause I'm a fan as well haha
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Haha...No, I am not. I am a lover of Montecristo 2 cigars.

For the turnkey company, I wrote in to ask about buying a ready made company with an existing bank account. I was told can be done but I have to pay a premium. I was told that after I take over the offshore company with a bank account in place, I can pay for nominee shareholder and director services. It is priced at a premium because the service provider opened the bank account.
 
#7
Montecristo said:
Haha...No, I am not. I am a lover of Montecristo 2 cigars.

For the turnkey company, I wrote in to ask about buying a ready made company with an existing bank account. I was told can be done but I have to pay a premium. I was told that after I take over the offshore company with a bank account in place, I can pay for nominee shareholder and director services. It is priced at a premium because the service provider opened the bank account.
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If you wanted to buy a ready made company, there's a guy selling one here for 5000 euro. He said he will sell the company from a law firm to make it more secure. I don't know if its cheaper than the premium company from the offer you got but try to ask him as well if you can both negotiate its gonna be better.

Haha I would love the real Montecristo joining this forum and talking bout business as well.
 
#8
I would not trust anyone unless they are an certified accountant or a law firm considering to buy a ready-made Company! If it has a bank account how should I know what has been going on there and can I be sure that the money that has been transfered to and from the account is legal?
 
#9
zohoman said:
I would not trust anyone unless they are an certified accountant or a law firm considering to buy a ready-made Company! If it has a bank account how should I know what has been going on there and can I be sure that the money that has been transfered to and from the account is legal?
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Even law firm and accounting firm may not be able to provide a totally clean company. In most cases, these lawyers and accountants are merely looking for a buyer for their existing clients who have an offshore company which is inactive. But if the offshore company has a bad track record or contingent liability, I believe the new owner will not be able to know.

Usually, a corporate service provider can do the job better than accountants and lawyers as they are the "direct source".
 
#10
I'm also curious about this type of company. Selling companies is good but if its not a legit advertisement, the buyer's at risk already. I think I would refrain from buying online unless I knew them very well or they have really good reviews.
 
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