Shelf company (also called “ready made company”) is a denotation for a company which is registered in Commercial Register and has never conducted business activity. This kind of companies do not have any obligations, assets or liabilities.
Should I buy a shelf company?
It is a smart decision if you are applying for a project and there is a requirement the company to be registered at least 6 month ago – quite common in applying for EU grants/funding.
Ready made companies with VAT registration
The purchase of VAT company saves you a lot of time, you do not have to wait 1-2 days for the registration of company and additional 14 days for VAT registration. The client receives fully registered company ready for work.
During the transfer of the shelf company to the new owner all company details can be changed:
- company name
- registered office and address (mandatory to be in Bulgaria)
- scope of activity
- director/manager of the company
Thereby the company is being tailored according to customer preferences.