- Q:
- What's Shelf Company?
- A:
- Shelf Company always has the following characteristics:
- It has Certificate of Incorporation, seal of company, stock certificate book and other documents required by law.
- It does not have records of business activities.
- The purchaser can make purchase only by supplying necessary documents.
- Q:
- Is there any potential risks in purchasing Shelf Company?
- A:
- Shelf Company is very common in most countries and regions, for example, Hong Kong, Singapore, British Virgin Islands (BVI), United State s of America (U.S.A.) and Cayman Islands. In general, Shelf Company doesn’t conduct business and open bank account prior to its disposal, so there is no potential risk in purchasing Shelf Company.
- Q:
- What documents are procurable in purchasing Shelf Company?
- A:
- Procurable are registered documents in complete sets, including:
- Certificate of Incorporation
- Business Registration Certificate
- 18 copies of the Company's Articles of Association
- The Company's steel seal
- The Company's small round stamp and bar stamp
- Stock certificate book
- Statutory book
- Copies of documents filed with Government, for example, the Notice of Appointment of the first director, Notice of Acceptance of Director and Notice of Registered Address, etc.
- Q:
- Can Shelf Company change the name of company?
- A:
- Yes. Just as newly-incorporated company, the intended company name shall also be checked with Companies Registry , only if it is available, the Shelf Company can apply from Companies Registry for change of name. It will take about 14 workdays to alter name of Shelf Company.
- Q:
- Can the Company increase authorized capital after registration?
- A:
- Yes. It shall pay Stamp Duty of HKD1 for each increase of HKD1,000 in authorized capital. Later, it can allocate shares to new and old shareholders as required.
- Q:
- How many directors can be appointed in purchasing Shelf Company?
- A:
- 1-50.
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