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Glossary

Glossary

Ready-made company

Ready-made company - shell company or a shelf company is a company established for the purpose of sale to the final customer.

Ready-made company is registered in the Commercial Register, it has a name, registered office, agents, identification number and a fully paid-up share capital.

It has zero business history, it is founded solely for the purpose of sale to the final customer. The client who will buy a shelf company avoids the lengthy administrative process necessary for the establishment of companies.

Firms involved in the sale of ready-made companies offer both joint stock companies and limited liability companies and even European companies. Pre-registered companies comply with all statutory requirements (identification of scope of business, tax registration for corporate income tax, payment of capital), have no liabilities and have zero economic and financial history.

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