All About Offshore Shelf Companies

Writen by Bruce Stander

Offshore shelf companies aren't just for the rich and famous, they are for every one. It is true, at one time only the rich were able to afford these but with today's world anyone can with a great agent. If you are thinking about getting one, you should first learn all about offshore companies. Find out the rules, how to purchase one and what the limitations are.

Offshore shelf companies are companies that are already made and never got a chance of being used. These companies already have an incorporation on them and have been paid for and then enter into an inactive status until someone purchases them. The reason these companies are called "shelf companies" is because the paperwork has more than likely been sitting on a shelf waiting for someone to take it over.

The longer a shelf company sits on the shelf the more expensive it will become due to renewal fees and other charges. If you are wanting a company that you don't have to build from the ground up this is a great place to get started from. Most of these companies already have a bit of history that can help you out since many companies and banks don't want to work with a brand new company.

Some benefits of an offshore shelf company are:
1.no minimum capital
2.most places are tax free or have very minimal taxes
3.instant company that is ready for you to start work in
4.keep business affairs confidential
5.protect investments in other foreign lands
6.no corporate taxes
7.easier to manage

One pitfall for having an offshore shelf company is you will not be permitted to conduct any of your business in tax areas. Another might be that your renewal fee will be due on the date the company was put on the incorporation, not when you purchased it. If you purchased it in January, you could still pay your renewal fee in July, no exceptions.

World Wide Corporate Services specializes in the offshore formation process which will help make everything easier for you. Over the last few years WWCS has incorporated 30,000 companies for you to choose from. We are here to help you and will advise you all about the offshore shelf company you want.

Bruce Stander is the marketing manager of Worldwide Corporate Services. WCS offers affordable offshore company formation.