A shelf company (also called “ready made company”) is a denotation for a company which is registered in the 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 a VAT registration
The purchase of a VAT company saves you a lot of time, you do not have to wait 1-2 days for the registration of a company and additional 14 days for a VAT registration. The client receives a 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.