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What are Shelf Corporations?

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guest

Cyprus Company Formation
Entrepreneur
This is a company that does not operate on the daily normal company operational procedures but created and left on the ledge for other people who want to start a company from up the ladder. It is created and kept inactive giving it more ageing period.


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keymike

Offshore Agent
This is a company that does not operate on the daily normal company operational procedures but created and left on the ledge for other people who want to start a company from up the ladder. It is created and kept inactive giving it more ageing period.
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Do shelf corporations increase credit worthiness when purchasing it?
 
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Admin

Forum Moderator
Staff member
Usually not, the lenders will ask for audit accounts from when the company was registered, if they don't show any activity it is worth nothing. You will need to purchase a company which already had some sort of activity, but the risk will increase on liabilities.
 

keymike

Offshore Agent
They do have pros and cons, but are still playing a major role in some major economies today. I guess you have to do your homework before you buy one. Researched and came across a good site , wanna share.
 
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