Purchasing Shelf Company

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FAQ about Purchasing Shelf Company

Q :What's Shelf Company?
It has not nominee director
Shareholders' rights and obligations are as follows :
It has Certificate of Incorporation, seal of company, stock certificate book and other documents required by law.
It has not applied for Business registration certificate , without business activities.
The purchaser can make purchase only by supplying necessary documents.

Q :Is there any potential risks in purchasing Shelf Company?
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 shall not appoint any director, nor apply for business registration certificate, and it hasn't power to conduct business and open a bank account, so there is no potential risk in purchasing Shelf Company.

Q :What documents are procurable in purchasing Shelf Company?
Procurable are registered documents in complete sets, including :
- Certificate of Incorporation
- Business Registration Certificate
- 20 copies of the Company's Articles of Association
- The Company's steel seal
- The Company's pre-inked chop
- 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?
Yes, Just as newly-incorporated company, the intended company names shall also be checked with Companies Registry , only if it's available, the Shelf Company can apply to Companies Registry for change company name. It will take about 14 workdays to alter name of Shelf Company.

Q :Can the Company increase authorized capital after registration?
Yes, It shall pay Stamp Duty of HK$1 for each increase of HK$1,000 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?
1-50.

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