Shelf company acquisition in Ireland

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Shelf company acquisition in Ireland
Shelf company acquisition in Ireland
Shelf company acquisition in Ireland
Shelf company acquisition in Ireland

When a foreign entrepreneur decides to invest in Ireland, he can either register a new company or buy a ready-made company. A shelf company, also called a shelf company, is a legal entity that has been registered previously and is on the shelf ready to buy for immediate use.

As a rule, shelf companies are of two types. They could be called differently, but the basic idea is that the first type of shelf company is pure, which means that no transactions have ever taken place in this business. The other type of shelf company is usually older and more experienced. While an investor should exercise caution and due diligence before acquiring an outdated shelf company to avoid buying a company with debt or other obligations, there are various advantages and reasons why investors might choose a shelf company that has been active for a while.

One of the main reasons that investors may choose to acquire a shelf company rather than registering a new legal entity is the difference in time spent on both procedures. When creating a new company, an entrepreneur must go through complex and time-consuming procedures, while a ready-made company is already registered, so the business can start working almost immediately. Typically, in Ireland, new shareholders can obtain a company number in as little as 24 hours or even on the same day. Another important advantage is the additional trust from suppliers and customers if the company was registered some time ago, and not recently. In addition, if you are working as a sole proprietor or in partnership with a legal entity that was created in the past, you can also get tax planning benefits. http://www.confiduss.com/en/info/blog/article/shelf-company-ireland/

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