Purchasing a shelf company

A Shelf Company is an entity that was pre-registered. These companies have no assets or liabilities and have never conducted business as they were registered with the sole purpose of being sold.
 
All shelf companies have been dormant since the date of their incorporation. Having been registered in the name of a nominee shareholder, all powers will be transferred to the owner by a notarized Power of Attorney (POA) and Declaration of Trust (if shares continue to be held by the nominee shareholder) or transferred directly to the shareholder (depending on the client’s requirements).
 
A client has the option to either incorporate a new company or buy a shelf company. A shelf company is the fastest way of getting a business up and running.
 
Once purchased, the client can then instruct us to make any changes he may wish to do. These changes will be recorded in a resolution of the company and filed to the Registrar of Companies of the relevant jurisdiction, i.e. the client might want to change or add a director. The newly appointed director will have the authority to act as director of the company as from the moment of signing of a relative Resolution and the Letter of Acceptance as Director.
 
Advantages of a Shelf Company
 
Ready-made companies have a history which in certain cases may be perceived as more secure.
 
Taking ownership of a Ready Made Shelf Company is generally quicker. Documents confirming the new company appointments can often be provided instantly and prove to be a large advantage where time is an important factor.
 
Multilysis also maintains a list of pre-approved names which have been reserved for registration with the Registrar of Companies. This will allow us to immediately file an application for the incorporation of a new company, thus avoiding the time-consuming procedure of approving a company name.
 
We can also provide opening of bank account services to clients/companies in any part of the world and also related administration services.  
Office Address: 5 Amathountos street,
Pirilides Building, 4th-5th Floor,
3105 Limassol-Cyprus 51252, 3503