Shelf Company Services in Singapore
Shelf Companies in Singapore: Buy a Ready-Made Company For Sale
Are you looking to quickly start a business in Singapore? Shelf companies in Singapore, also known as ready-made companies, offer a fast-track solution for entrepreneurs eager to begin business operations without the lengthy incorporation process. A shelf company is a company registration that has been previously registered and is available for sale.
Understanding Shelf Companies in Singapore
What is a Shelf Company?
Shelf companies, sometimes referred to as shell companies, are established companies that have been legally registered with the Accounting and Corporate Regulatory Authority (ACRA) but have remained dormant. These ready-made shelf companies for sale are essentially established business entities awaiting a new owner to acquire the shelf company and commence business activities. These offer an immediate solution for those looking to buy a shelf company and avoid the delays associated with setting up a new company.
Differences between Shelf Companies and New Companies
The primary difference lies in the company's age and immediate availability. Incorporating a new company in Singapore involves a registration process that can take time, while a shelf company is ready for immediate transfer. A new company in Singapore requires you to apply for a UEN, choose a company name, and undergo thorough verification. A shelf company allows you to bypass these initial steps, providing a ready-to-go business entity.
Why buy a Shelf Company?
Time Efficiency and
Cost Analysis
When considering the time efficiency of starting a business in Singapore, opting to buy a shelf company presents a significant advantage. Incorporating a new company can involve a lengthy registration process, whereas a shelf company is immediately available. This speed is particularly beneficial for entrepreneurs eager to start business operations quickly. While the initial cost to purchase a shelf company might be slightly higher, the time saved can translate to faster revenue generation.
Benefits of having
an old UEN
One of the key benefits of purchasing shelf companies in Singapore is the potential to have an older UEN. This can be advantageous in certain business activities, projecting an image of stability and longevity. An established UEN might instill confidence in customers and partners. Although a new company in Singapore will eventually build its own reputation, a shelf company with an existing UEN provides an immediate advantage. It is good to note that every shelf company for sale has an UEN number already assigned to it.
Advantages of a Ready-Made
Shelf Company in Singapore
Here are several advantages to acquiring a ready-made shelf company in Singapore. These benefits can be particularly appealing for those seeking a quick and efficient start:
• Immediate availability, avoiding the typical incorporation delays.
• Potential enhancement of credibility with clients and partners due to the company's established nature.
• Possibility of an existing UEN, which may be preferred by some businesses.
Choosing a reputable corporate service ensures a seamless shelf company acquisition. A shelf company can provide a head start, especially when time is of the essence.
Neptune Advisory Pte. Ltd. (UEN: 202558025H) - S$1,500
Tradevault Pte. Ltd. (UEN: 202558026Z) - S$1,500
Prices include:
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Free 1-year Named Corporate Secretary Appointment (Worth S$220)
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Free Change of Company Name
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Free Change of Business Activities (incl advice to choose the right one)
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Free appointment of 1 new director
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Free of Change of Company Registered Address
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Free Transfer of Company Share
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Assistance in opening of a bank account in Singapore, if necessary
Provision of Company documents
1. E-Certificate of Incorporation
2. Memorandum and Articles of Association
Our Shelf Companies for Immediate Sales
Process of Buying a Shelf Company
Purchasing a shelf company is a quick alternative to incorporation. However, be mindful that the process requires complete and compliant documentation to ensure a smooth takeover.
Step 1 – Selecting a reputable corporate service provider (CSP)
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Ensure the company is in existence
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Ensure company is proper and dormant
Step 2 – Work together with your CSP for due diligence and compliance requirements
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Provide information, key details and compliance requirements
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Declaration and Signing of Agreement
Step 3 – Transfer of Ownership
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Change of key corporate information / registered information
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Amendments to business document and updates on statutory board (ACRA)
Step 4 – Post-Transfer Support
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At OakTree, we provide post-transfer support. Our purchase fees include a 1-year corporate secretary package to ensure the 1st business year will be a smooth transition.
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Other support services include bank accounting opening
Is Shelf Company legal?
Yes, absolutely! Shelf company provides an excellent avenue for entrepreneur, local and overseas, to have a quick headstart in setting up a new company in Singapore. At OakTree, we adhere to all regulatory requirement and perform necessary documentation and compliance checks for all our services. Clients can be assured that the purchase of shelf company is fully compliant.
Important Deadlines – Having a Corporate Secretarial
Purchasing of a shelf company from OakTree goes beyond just a transaction. We fully understand the challenges of starting a business. Hence, we had included a 1-year free named corporate secretarial package to ensure companies have a smooth transition. Our subject experts in the field of compliance and corporate secretarial matters are here to guide you and your company, ensuring all statutory deadlines are met.