When setting up an offshore company, one of the primary concerns for any business investment is time.
Dealing with the legal formalities and incorporating a business entity in a foreign land turns out to be a crucial part and turns out to be a lengthy process. Even if it turns out to be incorporating a business entity, completing the registration process and opening an offshore bank account takes a reasonable amount of time.
This gets complicated for business investors who are planning to conduct business operations on an immediate basis. The popular offshore destinations have introduced the concept of a shelf company, also known as a ready-made company, as a measure to solve the current issue.
Belize is one of the highly reputed offshore destinations globally that provides the feasibility to the business investors to come forward and set up their own business in no time. This guide focuses on the core essentials to be kept in kind while proceeding with a shelf company.
In case you are looking forward to investing in the offshore segment, do give it a read!
What is a Shelf Company?
In simple terms, a shelf company can be called a ready-made company that has already been registered in the registrar's books but has never performed any business operations.
Professionals like accountants, solicitors, and specialized professionals who dream of incorporating their business proceed with this option.
Now, let’s have a look at the benefits of purchasing a shelf company.
Benefits of Buying a Shelf Company
A shelf company can be acquired within a short span, and thus, business investors prefer to proceed ahead with the same due to the following benefits, which includes:
- No registration process
- Time saver
- Enhances the goodwill of the business
- The alterations in the documents can be done easily
- Easy to get loans from the financial institutions
- Avoid red-tape
- Bidding on contracts becomes much easier
How to Buy a Shelf Company in Belize?
To purchase a shelf company in Belize, one has to go through a set of specific steps that involve:
- Get in touch with a certified business consultant who has complete knowledge of the buying procedure of a shelf company.
- Figure out the list of the available shelf companies in the jurisdiction
- Make sure to have a look at the existing documents of the company
- Present the relevant set of papers that contains the details of the business shareholders and directors
- If the name needs to be altered, make sure to submit the chosen trade name
When it comes to buying a shelf company, the transfer of ownership becomes an easy process. Once the above steps have been successfully covered, you can proceed to open an offshore bank account in the next step.
Offshore Banking in Belize
The jurisdiction of Belize allows the business investors to open a corporate bank account in Belize or any other jurisdiction.
Opening an offshore bank account helps business professionals enjoy numerous benefits. To know more about the same, have a glance at our latest guide: Advantages of offshore banking.
Thus, we have seen the complete picture of how to buy a shelf company in Belize. It is recommended to proceed under the guidance of a certified offshore business consultant who can help you to carry out the legal formalities at ease.
At Business Setup Worldwide, we have helped numerous business owners set up their corporate entities at ease. Since incorporation, our business advisors have assisted numerous clients round-the-clock to buy their shelf company in different offshore locations.
Their industry knowledge has helped them to provide tailored solutions suiting business needs and make us one of the best business advisors in the UAE.
If you are looking forward to buying a shelf company in Belize, feel free to have a word with our business advisors for friendly advice. Contact us today-we’d be glad to assist!