A Cyprus Shelf Company is a business entity that was pre-registered. These companies have no assets or liabilities and have never conducted business as they were registered with the sole purpose of being sold.
All shelf companies have been dormant since the date of their incorporation. Having been registered in the name of a nominee shareholder, all powers will be transferred to the owner by a notarized Power of Attorney (POA) and Declaration of Trust (if shares continue to be issued in the name of a nominee shareholder) or transferred directly to the shareholder (depending on the client's requirements).
Savva & Associates supplies all shelf companies with a guarantee of having no assets or liabilities and never having conducted any business. Our aim is to make purchasing a Ready Made Company in a simple and time-efficient manner.
A shelf company is the fastest way of getting a business up and running. We can appoint the new directors within a day, enabling you to open a bank account and to start operating almost immediately.
Advantages of a Cyprus Shelf Company
Ready made companies have a history which in certain cases may be perceived as more secure.
Taking ownership of a Ready Made Shelf Company is generally quicker. Documents confirming the new company appointments can often be provided instantly and prove to be a large advantage where time is an important factor.
Each of our Ready Made Shelf Companies comes with a certificate that the company has no liabilities.
We have many ready made new, aged and vintage companies; such off-the-shelf companies have been incorporated by us and all their records are kept at our office. Our clients can purchase a ready-made company with a nominee director and nominee shareholder appointed. Our clients can also choose to appoint their own candidates as company director, secretary and shareholder. We guarantee that our offshore ready-to-trade companies have never traded since the date of registration and do not have any outstanding liabilities or obligations with creditors or any other third parties.
For clients who are interesting in registering a company in Cyprus and time is of the essence, we also maintain a list of pre-approved names which have been reserved for registration with the Companies Registrar, but have not commenced their legal existence yet. This will allow us to immediately file an application for a new Cyprus company formation, thus avoiding the sometimes time-consuming procedure of approving a corporate name. It should be noted that the corporate name can be changed at any future time.
Savva & Associates has a list of ready-made companies available for purchase. If you would like a list of our shelf companies and name approvals, please contact us.