Sometimes things simply have to move fast. An urgent conclusion of a contract or an important customer’s demand for a German company as invoice issuer: in business life there are situations time and time again when even entrepreneurs who plan prudently need an applicable German legal structure “yesterday”.
The foundation process in Germany takes time. There are several reasons for this: a foundation cannot simply be completed online but has to be done in the presence of a notary. The second step requires the company to be entered in the commercial registry and tax registration is only possible after that.
Purchasing a ready-made company or a so called shelf company shortens this time considerably. The notary appointment required for this can be made at short notice. The buyer can effectively do business in the company’s name immediately after this appointment.
A shelf company is a company that has indeed been founded and entered in the commercial registry but has not been commercially active yet. As a result, the buyer does not have to fear any risks from old business. “Good” shelf companies have a bank account that has the full share capital as stipulated in the articles of association. Our firm’s network partners hold these kinds of companies that we have been looking after since their foundation.
The purchase price of a shelf company from our network is generally made up of the share capital plus a premium of EUR 1,500 to EUR 2,500. This kind of company is therefore particularly interesting to anyone under time pressure.