How To Form a Shelf Company

Shelf companies are formed companies that are available to buy from retailers who create the companies to sell as businesses. Those businesses might well include selling actual shelves however the name shelf company comes from the concept of a company being created then being put on the shelf to give a certain shelf life to that company.

The good in all of this is that if someone is looking to start a corporation for a variety of reasons they need not go through the process of company incorporation, however in most western countries these days the process of company incorporation is generally inexpensive and straight forward. The other good point of shelf companies is that finance or credit can be obtained against the company name.

Corporate credit and investment capital aside the other good reason for investing in a shelf company is that you can gain a certain amount of consumer confidence of the company has been in 'operation' for some time. Some of these beneficial features of shelf companies are dubious dependent on what provider you buy from and will be made clear when we examine the bad and ugly features of shelf companies.
Usually the Singapore shelf companies are incorporated as Singapore LLC. It is incorporated already with the paid up capital of S$1.00.and has local registered address and local director, secretary and shareholder.

As soon as you buy the Singapore shelf company the shares will be transferred to your name and you will receive all the necessary incorporation documents such as: Memorandum and Article of Association, certificate of incorporation, share certificate, Director and Secretary Certificate, Certificate of registered address. You can always change the secretary of the Singapore shelf company; you can even change the name of the shelf company or retain it. It is completely up to you.

Here are some of the characteristics as well as the outline of a Singapore Shelf Company, for you to know:

1. It should be included as the Private Limited Company in Singapore.
2. It has single shareholder with sole share.
3. There is a paid-up asset of only S$1.
4. A registered address in Singapore.
5. It also gives out as the business secretary and serves as the local director today.

If you are thinking about the supplies required for the shelf company, simply point these out:

1. Information for the new shareholder
2. Appointments of a new manager upon your request or the Engagement of the Directory of Nominee service.

Moreover, there are services being involved with procure of the shelf company. Here are some of them:

1. Transfer of the business share.
2. Support in terms of opening a financial credit (Account) In Singapore. If it is needed, there will be some provisions of the significant documents, certificate of incorporation, Certificate of Incumbency, as well as the Articles of Association.
There could even be the Share Certificate and Certificate of Memorandum.
3. Annual service for a registered address
4. Local Candidate Director Service for one year

You should be free of worries while purchasing the Singapore shelf company. There is no any risk in it. All shelf companies in Singapore are not involved in business activities; therefore don’t have any assets or liabilities.

Author Box:
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