International offshore company formation - About Purchasing Shelf Company

· It has not appointed a director
· 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

2)Q:Is there any potential risks in purchasing Shelf
Company?

Shelf Company is very common in most countries and regions, for example,HongKong,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 bank account, so there is no potential risk in purchasing Shelf Company.

3)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.

4)Q:Can Shelf Company change the name of company?

Yes,Just as newly-incorporated company, the intended company name shall also be checked with Companies Registry , only if it's available, the Shelf Company can apply to Companies Registry for change of name. It will take about 14 workdays to alter name of Shelf Company.

5)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.

6)Q:How many directors can be appointed in purchasing
Shelf Company?

1-50.