Readymade companies

 

Ready-Made limited company or “shelf” company is a company, which is formed and registered, but has never been used and does not have any trading history. This service is very helpful for people who need to have a company ready in a very short period of time. By purchasing an already established corporate identity, you can gain the following benefits:

  • Immediate availability
  • Longevity and improvement of your corporate image
  • Ability to obtain business credit cards and lines of credit. Many banks require businesses to have an existence from six months to two years prior to granting credit.
  • Ability to bid on government contracts. Many government agencies require to be (being) in business for a specific minimum period of time to be eligible to bid on agency contracts.

All shelf companies are immediately available & come with full professional readymade company documentation. Our shelf companies are guaranteed to be clear of any business debts or liabilities. These companies were not bought over from other people and were registered by us. Please contact us to receive an updated list of companies which are available for immediate purchase.

Procedure of purchase

The procedure of purchasing a readymade company is much faster than a new company registration. First of all, the customer chooses the jurisdiction and an order is made by providing the necessary due diligence documents. After that, the customer pays the bill and receives documents of the company. By choosing a company which is already registered, customer saves time and does not need to think about the company’s name.

The costs of new company formation and acquiring readymade company are very similar. Readymade company price increases if it is registered before current year. In that case, the customer has to cover company’s maintenance costs. The preparation of all documents of the purchased readymade limited company usually takes several days.

The main information of readymade companies

  • The main reasons for considering purchasing readymade companiesare (A) to save some time if an especially quick actions are required; (B) to provide for someone an earlier registration date, as it can be necessary in some business circumstances (C) to solve a difficult task of designing a new company name.
  • The company name which is marked as “approved”, has been approved for registration by the Registrar, but still needs to be registered in the Registrar of Companies. The registration of an approved company name usually takes one business day.
  • Ordering a readymade limited company does not necessarily mean that the documents will be shipped off immediately. If you are a new client, our usual Know Your Client due diligence procedures will have to be completed, and payment will have to be made.
  • A shelf company usually has an “open” configuration. The directors have to be elected, shares allocated, the respective internal Registers and Resolutions have to be drawn up, etc. These post-incorporation procedures can only be completed after a client order is received and require additional time.
  • The documents of readymade companiesare not certified and legalized by notary. These certifications are normally required in order to make the documents of the company recognized in any foreign country. If you need these certifications, some additional time between one to five business days will be required before the documents can be shipped. This time does not depend on us, but on the respective notarial and Government offices and their workload.

Choosing a readymade company can save you one or a few business days which are usually necessary to prepare the initial incorporation and to do registration at the Registrar of Companies. The final preparation before transferring the company will take between one and ten business days, depending on the details of your order, obtainment of the due diligence documents and receiving of payment. Lastly, we advise you to avoid entering into any business transactions in the name of your offshore company before you have received the original documents.

Company Name Date of Incorporation
PATRIOTIC TRADE LTD*2006-05-04
PERSIAN WORLD TRADE LTD2007-11-21
TROPICAL FISHERIES LTD*2004-08-23

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Brief jurisdiction description

The capital of UK is one of the world’s leading centers for banking, insurance and other financial services. Positioning itself between New York and Tokyo, London is considered to be the third limb of the world’s capital markets. The country is strategically located off the north-west coast of continental Europe between the Atlantic Ocean and the North Sea and has excellent communications. Until today the geographical and geopolitical position of the country has influenced the entrepreneurs in their decision making regarding offshore business establishing.

Company law

Companies Act 1985 (as amended); The Income and Corporation Taxes Act 1988.

A type of company preferred for international transactions

Private Limited Companies (LTDs) and Limited Liability Partnerships (LLPs).

Capital requirements

Only GBP 1.00 share capital is needed to start up a private limited company. For LLPs no capital required.

Who may incorporate

The Companies Act generally allows one or more persons to form a company for any lawful purpose by subscribing to its Memorandum of Association. Two or more persons associated for carrying on a lawful business with a view to profit can form a limited liability partnership by subscribing to its incorporation documents. Individuals or companies.

Method of incorporation

For Private Limited Companies – by filing Memorandum and Articles of Association, together with the prescribed forms and the relevant fee to the Registrar of Companies. A LLP is incorporated by delivering an incorporation form with the relevant fee to the Registrar of Companies.

Minimum shareholders/members

For private companies – one shareholder. Every LLP must have at least two formally appointed designated members at all times.

Directors and company secretary

Minimum of one director is required for Private Limited and two designated members for LLPs. Directors must be at least 16 years old, and all companies must have one natural person as a director – they cannot have all corporate directors. A Company Secretary is not required for both types of companies. However, it is advisable to appoint a Company Secretary. Company Secretary may be natural person or bodies corporate. Directors and Secretories may be of any nationality and need not reside in the United Kingdom.

Registered office

Every company registered in the United Kingdom must have its registered office also in the United Kingdom.

Annual fees paid to authorities

Annual returns filing fee is GBP 15 if filing online. Otherwise, the fee is GBP 30.

Taxation rates, exchange control, audit, other financial restraints

Tax rates varies from 21% up to 29,75% regarding annual company’s turnover, the annual return and the disclosure of profits are required. Accounts for private companies must be filed within nine months of the year end. Small groups are exempted from preparing consolidated accounts. No exchange control or other financial control is imposed. LLPs also need to file annual returns, annual accounts. Dormant and certain “small” and “medium” sized LLPs may prepare and file abbreviated accounts with the Registrar of Companies. The limited liability partnership itself will not be liable for taxation on profits or gains arising within the partnership, but the profits or gains will be assessed to tax separately on the individual partners.

Meetings

May be held anywhere in the world. Private companies don’t need to hold an annual general meeting unless they positively opt to do so.


As a member state of the EU, the United Kingdom is within the EU parent-subsidiary directive, and in addition, the UK has more than 110 double tax treaties, more than any other EU country, so that the UK is well-placed to receive dividend income with the lowest possible amount of foreign tax deduction.

Company NameDate of Incorporation
No information

Brief jurisdiction description

Belize (previously British Honduras) is an independent democratic Commonwealth country. Now it is a parliamentary democracy. The government of Belize is fully committed to the ongoing development of Belize as a leading offshore jurisdiction. The policy and legislation of the government continues to meet the needs and interests of the international financial community in an environment of trust and confidence ensured by the regular consultations with a private sector.

In addition to an IBC law, Belize now has legislation in place for Ship Registration, Trusts, Offshore Banking, Computer Wagering, Limited Life Companies, Limited Liability Partnerships, Mutual Funds, International Insurance, Protected Cell Companies, and a Financial Services Commission to regulate and monitor the industry.

Company law

International Business Companies Act Chapter 270 of the Laws of Belize.

A type of company preferred for international transactions

International Business Companies (IBCs).

Capital requirements

No minimum paid up capital requirements.

Who may incorporate

Subscribers can be individual or corporate. Nominee shareholding is also allowed through services of local registered agents and all incorporations must be arranged through them as well.

Method of incorporation

By filing Memorandum and Articles of Association and paying relevant fees to the IBCs Registry.

Minimum shareholders/members

One.

Directors and company secretary

Minimum of one director. He can be an individual or corporation, is required. A company secretary is not mandatory (but can be useful). They do not need to be residents. Also there is no requirement for filing directors and shareholders information.

Registered office

Registered office and registered agent are required in Belize.

Annual fees paid to authorities

Minimum USD 100 for IBC’s with authorised capital up to USD 50 000. If authorised capital exceeds USD 50 000 — USD 1000.

Taxation rates, exchange control, audit, other financial restraints

There is no local taxation for IBC’s; annual return, disclosure of profits and audit of the financial statements of a company are not required; no exchange control or other financial restrains imposed upon a company.

Meetings

No shareholders’ meetings are required. Directors may meet when preferred. Meetings of shareholders and directors can take place outside Belize.


Belizean court doesn’t have any power over trusts set up under Belize Trust Act. Belizean court cannot entertain any claim, coming from foreign country. As a result, no trust set up in Belize has ever been compromised.

Company NameDate of Incorporation
No information

Brief jurisdiction description

The British Virgin Islands are economically interdependent with the U.S. Virgin Islands to the south. The islands received a separate administration in 1956 as a Crown colony. In 1985, the Government offered offshore registration to companies wishing to incorporate in the Islands. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offences, is expected to make the British Virgin Islands even more attractive to international business. BVI BCs are a very popular and widely used offshore companies because of their administrative ease, flexibility, taxation exempt status and the fact that they are widely accepted and understood by the international financial community.

Company law

BVI Business Companies Act 2004 as amended.

A type of company preferred for international transactions

Business Companies (BCs).

Capital requirements

No minimum paid up capital requirements.

Who may incorporate

The registered agent forming the company must be named in the Memorandum and must be locally licensed. Ready made companies are available only from registered agents.

Method of incorporation

Articles of Association and Memorandum are signed by authorised signatory of an agent, recognized by the Registry. Then the documents are submitted to the Registrar of Corporate Affairs in the approved form and with relevant fees. For BCs – subscribing by registered agent.

Minimum shareholders/members

One.

Directors and company secretary

Minimum of one director is required. Company secretary isn’t required. They do not have to be a resident. Corporate directors are possible. It is not required to register information about “shadow directors”.

Registered office

Registered office and registered agent are required in BVI. For BCs, registered agent provides the services of registered office.

Annual fees paid to authorities

For limited companies authorised to issue shares: USD 350 up to 50,000 shares, USD 1,100 for more than 50,000 shares. For companies not authorised to issue shares and unlimited companies: USD 350. For foreign companies: USD 300.

Taxation rates, exchange control, audit, other financial restraints

There is no income taxation for BC; however companies based in BVI must pay payroll tax. Annual return with details of directors and members is required only from foreign companies and unlimited companies not authorised to issue shares. Disclosure of profits and the audit of financial statements of a company are not required. The currency is US dollar or stated equivalent; there is no exchange control.

Meetings

Directors meetings can be in or outside the jurisdiction and by telephone,
alternate directors are allowed; members meet when directors consider necessary or on demand by holders of 30% of members votes, or upon Court order.


The new Business Companies Act (No 16 of 2004), which took effect on 1 January 2005, has been drafted to ensure that the territory is fully compliant with the European Union (EU) Savings Tax Directive and EU Code of Conduct on Business Taxation. United Kingdom has the same requirement for all its Overseas Territories. The new legislation means an end to the distinction between offshore and local firms in BVI.

Company NameDate of Incorporation
No information

Costa Rica. General jurisdiction description

The country is in the list of 22 oldest democracies in the world, having 59 years of uninterrupted democratic process, Costa Rica is one of the most stable countries in the region. The Republic of Costa Rica permanently abolished its army in 1949, and since then has remained military neutral. Costa Rica is consistently present among the top Latin American countries in terms of the Human Development Index.

Company Law

Commercial Code and Law No. 3284 passed on September 19, 1964 with subsequent amendments.

A type of company preferred for international transactions

Stock corporations are incorporated as “Sociedades Anónimas” under the Commercial Code.

Capital requirements

The standard authorized share capital is 10,000 Costa Rica Colones. 25% of the issued capital must be paid up on incorporation. The capital may be expressed in any convertible currency. The minimum issued capital is one share at par value.

Who may incorporate

Anyone.

Method of Incorporation

Presenting the signed Articles of Incorporation to a Notary Public who creates a Public Deed for registration at the Public Registry.

Minimum shareholders/members

At the time of incorporation: two. A single shareholder is permitted later. He can be individual or corporate.

Directors and company secretary

Companies formed in Costa Rica must appoint at least three officers: president, treasurer and secretary. All of them can be directors. Statutory comptroller is mandatory. He cannot be one of the aforementioned officers.  Residency from the directors and company secretary is not required. There is a Government Register of the Directors.

Registered office

Registered office is required and is maintained at the office of the Registered Agent.

Annual fees paid to authorities

Annual Return filing fee is USD 51.

Taxation rates, exchange control, audit, other financial restraints

No corporation tax for income gained outside Costa Rica. Filing a tax return is mandatory. The company is required to keep financial records, however there is no requirement to file audited accounts with the authorities. No exchange control is present.

Meetings

Meeting of the directors as well as shareholders can take place anywhere in the world. But this fact must be noted in the Articles of Incorporation.


Banks are required by law of Costa Rica to maintain absolute secrecy regarding their clients. Information about normal banking operations is not passed on to any government agency – even to Tax Department. So the suffixes to denote Limited Liability Company are “Sociedad Anónima” or the abbreviation “SA”. It is translated as “anonymous society”. In other words it is almost impossible to know who actually controls any of these corporations.

Company NameDate of Incorporation
AERIFORM DEVELOPMENTS LIMITED2016-01-12
CLOSANOR SERVICES LIMITED2016-01-12
EXORFAN TRADING LIMITED2016-01-13
MASKOTEX MANAGEMENT LIMITED2016-01-12
ROKATRIX SERVICES LIMITED2016-01-12
SNATCHCO INVESTMENTS LIMITED2015-12-17
ZESTACO SERVICES LIMITED2015-12-18
Reserved company names

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Brief jurisdiction description

Cyprus is an independent democratic republic. Cyprus became an independent nation on 16 of August, 1960, with Britain, Greece, and Turkey as guarantor powers. Turkish Cypriots proclaimed a separate state in the northern part of the island in Nov. 1983.

The island’s entry to the EU in 2004 meant a restructuring of the tax regime, which took place on 1 January 2003. Cyprus has double-tax treaties with more than 40 other countries, including most major Western “high-tax” countries, and most Central and Eastern European states. This is unusual for an international offshore financial center and the effect is that Cyprus is a great location for holding and investment companies aimed at emerging markets.

Company law

Companies Law, Cap 113 as amended in 2009.

A type of company preferred for international transactions

Private company limited by shares, either managed or controlled by residents.

Capital requirements

No minimum share capital for a private company but each subscriber to the memorandum must subscribe to at least one share of any value.

Who may incorporate

Only practising lawyers (in-house lawyers are not considered practising). Ready made companies are available.

Method of incorporation

Approval of the company name, submission of the Memorandum and Articles of Association signed by the initial subscribers together with the Declaration of Compliance signed by a local practicing lawyer to the Registrar of Companies.

Minimum shareholders/members

1 for private company; in case of a public company – 7.

Directors and company secretary

The minimum number of directors is one . Single shareholder private company can have director fulfillingsecretary role at the same time, but shareholder and director-secretary cannot be the same person. Corporate directors are allowed. No legal requirement for either, but if no resident Director there then the Company will be considered non-resident. Resident Company Secretary advisable as annual returns and other documentation is in Greek language. “Shadow” directors are not required to be registered.

Registered office

It is mandatory requirement to have registered address in Cyprus.

Taxation rates, exchange control, audit, other financial restraints

Taxation system residence based. Companies residence is determined by management and control test; and generally where Board decisions are made.  Corporation tax of resident companies at 10%. No withholding tax on dividends paid to non-residents whether individuals or corporations. Non-resident companies not liable to taxation in Cyprus, but cannot utilise Cyprus Tax Treaty network. Annual returns are mandatory indicating share capital, names of directors, shareholders and company secretary. Must be filedwith audited financialstatements in Greek. The Disclosure of profitsby filingbalance sheets with annual returns required. No exchange control.

Meetings

The First Annual General Meeting (AGM) must be held within 18 months after incorporation and after that every year. To approve the audited financialstatement Extraordinary General Meetings and AGM’s are required.


The 10% corporate tax gives Cyprus the lowest rate in the EU. Furthermore, there are now certain types of income which are not subject to tax in Cyprus at all. There will be a number of changes to existing Double Tax Treaties or establishment of new ones.

Company NameDate of Incorporation
No information

Brief jurisdiction description

The Panama Canal bisects the isthmus at its narrowest and lowest point, allowing passage from the Caribbean Sea to the Pacific Ocean. Panama was part of Colombia for a while but in 1903 with US backing proclaimed its independence from Colombia. As of the end of 1999, the canal and all its US facilities and bases reverted to Panama, creating a major economic opportunity for the country.

Company law

Law 32 on Corporations of 26 February 1927. Complemented by Law 25 and
Executive Decree 418 of 1995, Decree Law No.5 of 2 July 1997 and Law 9 of 9 January 2009. Decree Law No.5 of 2 July 1997.

A type of company preferred for international transactions

Private Foundations and Corporations.

Capital requirements

No minimum requirement for paid-in capital and there is no time limit in which capital must be paid up.

Who may incorporate

Two persons of any nationality, individual or corporate. Private foundation
requires only one person. One person in case of a Private Foundation. Ready made companies are available.

Method of incorporation

After Articles of incorporation/foundation are notarized, they must be
submitted to the Public Registry.

Minimum members/shareholders

One.

Directors and company secretary

Three directors minimum and three officers minimum are required, they can
be the same person (a president, treasurer and company secretary). Individual or corporate. One corporate council member or three individual members are needed for Private Foundations. Corporate directors are allowed, “shadow” directors are not. Shareholders act as a highest decision making body.

Registered office

Each corporation must have a resident agent (a lawyer) in Panama, named
in the Articles. Registered office is maintained at the address of registered
agent.

Annual fees paid to authorities

USD 300 as Annual Franchise Tax.

Taxation rates, exchange control, audit, other financial restraints

No tax on any transaction or business activities outside Panama or on any foreign source of income; no annual returns requirement for offshore companies; the audit of financial statements and disclosure of profits by filling balance sheets with annual returns are not required; there is no exchange control. U.S. dollar is the currency of Panama. There is no residency requirement for director and secretary.

Meetings

Shareholders/Board meetings – as established in the articles of incorporation. Can be held in and outside the country. Regular meetings are not required.


Panama with population reaching only 3.3 million people manages to have the the largest merchant marine fleet in the world. The registry was founded in 1925 and has no restrictions on the nationality or country of owners residence. Also no restrictions on the age, size or type of vessel. In fact, it accepts many types of vessels that are not being registered as such in
other countries. For instance, drilling rigs. There is a possibility for dual registration. Vessels registered under Panama flag but under charter to a company incorporated in other country, can also be registered in that country.

Company NameDate of Incorporation

Brief jurisdiction description

The Seychelles is an independent democratic republic with a presidential style of government. The Seychelles became self-governing in 1975 and gained independence within the Commonwealth of Nations in 1976. Since independence per capita out-put in this Indian Ocean archipelago has expanded to roughly seven times the old near-subsistence level.

Company law

Companies Ordinance 1972, International Business Companies Act 1994 as amended, Companies (Special Licenses) Act 2003, the Protected Cell Companies Act 2003.

A type of company preferred for international transactions

International Business Companies (IBCs).

Capital requirements

There is no requirement for capital minimum.

Who may incorporate

Locally licensed International Corporate Service provider. Ready made
companies are available.

Method of incorporation

Once the Memorandum and Articles of association are presented to the Registrar and these comply with the law, a Certificate of Incorporation is issued.

Minimum shareholders/members

An IBC only needs to have one member.

Directors and company secretary

All companies are required to have resident company secretary. Director can be a resident of a foreign country. Corporate directors are allowed. Important to know, that any appointment as a director needs to be registered. A person with the director influence can be considered as a director, there is no provision for their registration.

Registered office

Must be maintained at the office of a mandatory Licensed Registered Agent.

Annual fees paid to authorities

USD 100.

Taxation rates, exchange control, audit, other financial restraints

All IBCs are subject to zero taxation in Seychelles; the annual return and the disclosure of profits are not required; financial statements need not be audited; no exchange control or other financial control is imposed.

Meetings

Meetings in Seychelles are not essential. Meetings by telephone and other electronic means are possible. Directors will arrange meetings upon shareholders demand, who have 50% of shares.


International Business Companies are allowed to take up various activities within Seychelles without compromising their offshore status. For instance, IBCs are permitted to have professional contacts with lawyers, accountants etc.; prepare and maintain books, records; own shares in other Seychelles companies, own Government or Central Bank securities, own vessels registered in Seychelles.

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