FAQs OF PURCHASING SHELF COMPANY
|Q:||Is the name of the Shelf Company changeable?|
|A:||Yes. Likewise a newly-incorporated company, the intended company name shall be checked with Companies Registry for availability before applying for a change in name. It will take about 10 workdays to rename a Shelf Company.|
|Q:||Are there any potential risks in purchasing Shelf Company?|
|A:||Shelf Company is very common in most countries and regions, for example, Hong Kong, Singapore, British Virgin Islands (BVI), United States of America (U.S.A.) and Cayman Islands. In general, Shelf Company does not conduct business and open bank account prior to its disposal, so there is no potential risk in purchasing Shelf Company.|
|Q:||How many directors can be appointed in the Shelf Company?|
1-50 directors can be appointed.
|Q:||Can the Company increase the registered capital after its registration?|
Yes. It shall pay Stamp Duty of HKD1 for each increase of HKD1,000 in registered capital. It can further allocate shares to new and old shareholders as required.
|Q:||What is Shelf Company?|
|A:||A Shelf Company has Certificate of Incorporation, seal of company, stock certificate book and other documents required by law. It does not have records of business activities. The purchaser can make purchase only by providing necessary documents.|
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