A shelf company is a company formed, and then put on a 'shelf' to 'age with no business activities. Companies are maintained up to Chinese accounts and reporting requirements, which includes preparing financial statements and annual returns for the years since the company has been registered - which gives the company a clean, up-to-date and credible financial history.
The two fundamental benefits of purchasing a shelf company, compared to incorporating a new company; ease of starting a new company and the credibility and reputation that comes with a sound company history.
Upon purchase of a shelf company, you will be required to sign a document appointing new company directors, or alternatively by giving us the Power of Attorney (PoA) which may be provided by us. The new directors will receive all official documentation, including Certificate of Incorporation, Memorandum and Articles of Association and company secretarial forms.
A shelf company is a quick and efficient way of incorporating, with your Chinese company being authorized to commence trading immediately on the day of purchase.
Ease of Incorporation
The Chinese Government and relevant authorities require a magnitude of documents to be prepared and submitted, all ready made shelf companies have already completed this registration procedure and the following has been completed:
1. Articles and Memorandum of Association and other statutory formation documents prepared and drafted;
2. Certificate of Incorporation has been issued;
3. Registered Address appointed;
4. Company name reservation and registration;
5. Initial Share capital fully paid up.
The process of preparing and submitting these documents is complicated and time consuming, purchasing a ready made company circumvents this process and companies are authorized to begin trading immediately upon purchase, offering another benefit if a company is needed quickly.
A registered office on the mainland is then only available to companies with a proven track record, which new incorporation do not have. Purchasing a ready made company allows an immediate registered office to be completed as shelf companies are kept with an up-to-date and clean history.
Contact Us
If you have further inquiries, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Shenzhen hotline at 86-755-82143422 or Hong Kong hotline at 852-27826888, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020,Dongmen Rd South, Luohu, Shenzhen, China.
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