- Business Start-up -
Benefits of Buying a Shelf Company as My Start-up?
You can indeed purchase a ready-made shelf company. As its name suggests, a shelf company is an entity that has already been incorporated and is available to be purchased. It is legally registered in HK without any assets or liabilities.
This entity is popular for people who do not have a preference in the company name and don't have time for the entire incorporation process. Below please find the pros and cons of a shelf company :
| Advantages of a Shelf Company |
Short Processing TimeIf you cannot wait until an all-new company is incorporated (usually takes around 10 working days), you can opt for a shelf company that only takes 1-2 working days to finish the setup. It is preferable for businessmen who stay in HK for a very short period of time.An Almost Instant OptionUnder some circumstances, you will need to do business immediately by having a company registration number on hand, like making an urgent business deal or entering into a tender.Quick Bank Account OpeningIf you opt for an all-new company setup, you will need to wait for around 2-weeks time to get the firm incorporated and bank account ready. Comparatively, if you buy a shelf company, you can open the bank account right away after the purchase, and start your money transactions quickly.Various Business Nature & LongevityAt BRIDGES, our shelf company list has different kinds of business nature options for your selection, such as investment, IT, garment, etc. to fit your needs. What’s more, besides of those that are formed for months, we also have aged shelf companies for you to deliver a professional image to stakeholders. |
| Disadvantages of a Shelf Company |
Limited Company Name ChoiceWhen you buy a shelf company, you need to choose your company name from a given shelf list, and cannot specify your preferred company name from the beginning. However, you can change the company name after the purchase.Maintenance FeeSince a shelf company has been set up for a period of time already, it could incur different maintenance fees shortly after the purchase like annual return fee, accounting and auditing arrangement fee, etc. |
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