A shelf company in Singapore is a pre-incorporated company that has not yet commenced business activities. It is also known as a ready-made company or an aged company. Shelf companies are incorporated by corporate service providers and kept "on the shelf" until they are purchased by a buyer.
Benefits of Buying a Shelf Company in Singapore
Quick and easy start-up: Buyer can start business operations immediately upon purchase.
Credibility: A shelf company has a longer history and may be perceived as more credible than a newly incorporated company.
Tax benefits: Shelf companies may be eligible for certain tax benefits, such as the tax exemption for new start-ups.
Features of a Shelf Company in Singapore
Incorporated as a Singapore Private Limited Company
Has a single shareholder with one share
Paid-up capital of S$1
Registered with the tax authorities and has a tax registration and a GST number
Has a corporate bank account
How to Buy a Shelf Company in Singapore
Choose a reputable corporate service provider.
Select a shelf company that meets your needs.
Provide the necessary documentation, such as your personal particulars and the name of your new director(s).
Pay the purchase price.
The corporate service provider will transfer ownership of the shelf company to you.
Cost of Buying a Shelf Company in Singapore
The cost of buying a shelf company in Singapore varies depending on the age of the company and the services included in the sale. It typically ranges from S$2,500 to S$20,000.
Uses of Shelf Companies in Singapore
Shelf companies can be used for a variety of purposes, such as:
Starting a new business
Expanding an existing business
Relocating a business to Singapore
Holding intellectual property
Shelf companies can be a convenient and efficient way to start a business in Singapore. However, it is important to choose a reputable corporate service provider and to carefully review the terms and conditions of the sale before purchasing a shelf company.
Buying a Shelf Company in Singapore, Choose Bestar
Bestar is a reputable corporate service provider in Singapore. We have been in business for over 10 years and have a strong track record of helping clients incorporate and manage their companies. Bestar offers a variety of services, including company incorporation, shelf company sales, accounting, and nominee services.
Here are some of the reasons why you should choose Bestar to buy a shelf company in Singapore:
Experience and expertise: Bestar has a team of experienced and qualified professionals who can help you choose the right shelf company for your needs and guide you through the purchase process.
Comprehensive services: Bestar offers a wide range of services related to the purchase and management of shelf companies, including company name search, incorporation document preparation, and shareholder and director changes.
Competitive pricing: Bestar offers shelf companies at competitive prices.
Customer satisfaction: Bestar has a strong commitment to customer satisfaction. We are known for our responsive and efficient service.
If you are considering buying a shelf company in Singapore, contact Bestar for more information. We will be happy to answer your questions and help you choose the right shelf company for your business.