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Shelf Companies - FAQs

1. What is a Shelf Company?
The term “Shelf” refers to the fact that incorporation documents are literally purchased of a bookshelf filled with pre-registered companies that are instantly transferable to the buyer. As the official corporate documents for a new company can often take up to 1 week to arrive, company names are normally pre-registered to save waiting time.
2. Can I change the name of my company?
Yes. However, the proposed new company name must first be approved by the registrar in the country of incorporation to ensure that the same name does not already exist. Offshore Company Corp will be happy to conduct a name search free of charge. A board resolution must be drafted and signed by the directors of the company, and the new name must be officially filed with the company registry in the country of incorporation.
3. Can I change the director(s) of my company?
Yes. A board resolution must be drafted and signed by the director(s) of the company and officially filed with the company registry in the country of incorporation. The new director(s) must provide a copy of their passport, proof of permanent home address, telephone/fax number and email address together with a signed letter stating that they wish to become a director of the company.
4. Can I change the shareholder(s) of my company?
Yes. A board resolution must be drafted and signed by the director(s) of the company and officially filed with the company registry in the country of incorporation. The new shareholder(s) must provide a copy of their passport, proof of permanent home address, telephone/fax number and email address together with a signed letter stating that they wish to become a shareholder of the company.
5. Can I establish a bank account for my company?
Yes, we can support you to open bank account for your company. Normally we have to provide to bank your business activities and their future plans, proof of current your business activities using company brochures, a company website, business contracts, a lease agreement will help support your bank account application (it is not applicable to star-up business).

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