If you want to start a business in Ireland as soon as possible and start making your operations, it is probable that the best decision is to use off the shelf companies. However, what are shelf companies and why is it advantageous to incorporate this approach when establishing a business venture in Ireland?
What is a Shelf Company?
An Ireland shelf company, sometimes known as an aged corporation, is a company that has been created and then left dormant so that it can age and be sold to a buyer. Shelf companies will usually be registered 1-5 years before they are being sold in the market. For them, since they have a prior record of incorporation date, registration documents, tax records, etc, it can facilitate the process of setting up for a new owner.
Advantages of Acquiring an Off-the-Shelf Company in Ireland
There are several advantages to purchasing aged shelf companies in Ireland rather than going through the full process of incorporating a brand new company:
Speed – You do not have to go through the process of registration and can start a business early with an already established company. This can be particularly helpful when it comes to obtaining certain licenses, getting funding for a particular program or winning a contract where the business must have been registered for a certain time.
All the formalities of registration, appointment of directors, share allotment etc, have been done by the turnkey. It is easy to acquire and get to work, meaning that you just have to buy.
Where to Obtain Shelf Companies in Ireland
Most of the shelf companies are sold by a few recognized company formation agents and law firms in Ireland. They keep stocks of companies in various industries and organizational forms so that buyers can choose one that corresponds to the planned actions. As you select the shelf company provider, ensure that you exercise a lot of caution and research. Search for providers who properly screen and take care of their stock of aged companies so that you can tell that they have been well maintained in the long run.
If you are interested in getting an Ireland company registration as soon as possible, this article will help you understand whether it is worth opting for a shelf company. They can allow you to bypass extended waits and help you set up your presence in Ireland in a short amount of time.
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