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Shelf Company in Estonia

Updated on Monday 27th March 2017

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A shelf company is a company established by a service provider with the purpose to resell it immediately after creation. For many investors opening a shelf company in Estonia is a convenient choice, as the business is already registered and, by a power of attorney, the new owner can immediately begin operations.

Ready-made companies or shelf companies in Estonia are already recorded and are available for immediate purchase, but this type of companies have not made any transactions, there are no contractual relations or obligations and maybe the most important aspect of a shelf company is that it has not appointed the directors or shareholders.

 

Characteristics of a shelf company in Estonia

Investors willing to open a shelf company in Estonia must also know that this type of company does not have an opened bank account and a company seal /stamp, which proves that the company has not been used in the past and there are no activities in the past or debts. Our Estonian company formation representatives can provide more details on this matter. 

 

For opening a shelf company in Estonia, the new owner only needs to provide an ID and can immediately begin to use the shelf company, without any worry about hidden risks. The Estonian shelf company can be opened and ready to function in just one day, as this type of company has a dormant state, waiting for new owners, who are always the first owners.

 

The new owner will need a power of attorney for the official representation before competent authorities, such as bank institutions, Tax and Customs Administration and in order to register for economic activities. The power of attorney is needed until the new board is recorded and the company is entered in the Commercial Register, procedure which usually takes up to five working days.

 

Advantages of opening a shelf company in Estonia

 

Most investors usually ask whether opening a shelf company in Estonia is a risky option. Well, when it can be proven that the company hasn’t undertaken any activity in the past and you are the first owner, you don’t need to worry about. As a matter of fact, opening a shelf company is a common action in most countries. But it is very important to check, before opening a shelf company in Estonia, that the company doesn’t have nominated directors and shareholders.

 

In this case, there is no possibility that the company has been involved in any activity, and therefore there is no potential risk. Also, the company can’t have hidden debts or commercial disputes as long as it has never appointed a director and a shareholder and therefore the company has never started its activity, there are no stamp and no bank accounts, there were no purchases of any active or passive, no debt and any contracts or unfulfilled promises.

 

It is strongly recommended to buy a shelf company from a reliable source and most companies that sell shelf companies in Estonia usually provide a wide range of extra services, for example drawing up the foundation documents and articles of association, company registration, consultancy for opening a bank account, notary fees and stamp duties and others.

 

Start doing business in Estonia asap

 
A shelf company in Estonia enables foreign entrepreneurs to start doing business in this country asap. The legal entity of a ready-made company is the private limited company, which has previously been registered with the Commercial Register in Estonia. However, such a company has not registered any activities, therefore it has no liabilities to third parties. 
 

Information needed to open a shelf company in Estonia

 
The data we need in order to assist you to acquire a shelf company in Estonia are as follows:
 
Full name;
Place of residence;
Passport copy and personal code and/or the owner’s birth date;
Information regarding the board members;
If the board members are not EU citizens, a contact person who is an Estonian national needs to be appointed;
The company name;
The business address of the Estonian company;
Email of the company;
The company phone number;
If the owner is a legal entity, there are additional information we will need. Our Estonian company formation advisors can provide further details on what this information consist of.
 
It is also possible for you to acquire a shelf company in Estonia without physically being present in the country. If that is the case, our company formation professionals in Estonia will need to be authorized by you through a certified notary. We can provide you with a sample of the authorization letter, if you wish to do so.
 

Our company formation experts in Estonia can provide you customized information and guidance if you are interested in opening a shelf company in Estonia; please contact us.

 

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