Would you like to purchase a shelf company in Canada and need assistance? This page provides you with information about this type of entity, its characteristics, and more.
Table of Contents
How is a shelf company known in Canada?
- Ready-made company,
- Vintage company,
- Aged company/corporation.
What is the purpose of a vintage company in Canada?
To start activities without passing through the incorporation stages of a company from scratch.
What is the optimal legal entity for a ready-made company in Canada?
Corporation.
IMPORTANT: A ready-made company can be purchased and used at the federal level in Canada or at the provincial level in Quebec, Ontario, or British Columbia.
What are the main features of a ready-made company in Canada?
- it is already incorporated,
- it has a tax ID that can be activated after purchase,
- there is no active bank account,
- it has a registered business address,
- can be activated and used right after purchase.
Does a shelf company in Canada have debts?
No.
How do I buy a vintage company in Canada?
Our local agents can offer customers a list of shelf company providers.
How is the ownership transfer of a vintage company done in Canada?
We will solicit a copy of your valid ID or passport and then pass the ownership transfer documents for you to sign. The process is relatively fast.
Who is involved in the process of buying a ready-made company in Canada?
The client/buyer and the shelf company provider. The process is overseen by our local agents from the start.
What are the costs involved for a shelf company in Canada?
For:
- the shelf company in question,
- the services of our local agents who simplify the process.
Can I make changes in the company once purchased?
Yes, you can modify the company name, activities, directors, etc.
Is company due diligence needed for buying a shelf company in Canada?
Our clients can solicit this service to ensure the ready-made company in Canada can be purchased without legal problems.
Do I need to present a “no commercial activity” certificate?
The shelf company provider/seller in Canada should offer a “Statutory declaration of no activity”.
Do I need a business license to operate with my shelf company in Canada?
Yes, depending on your firm’s future activities.
Do I need to travel to Canada to buy a shelf company?
There is no need to travel to Canada to purchase a shelf company. Our local agents can represent you via power of attorney, including for company formation in Canada.
Is the notary involved in the process of buying a shelf company in Canada?
No.
Is a ready-made company the same thing as a liaison office in Canada?
No. A liaison office is an extension of a foreign enterprise, dedicated only to marketing and promotion projects, while a ready-made company is an entity that can be used for commercial activities.
Is it safe to buy a ready-made company in Canada?
Absolutely. There are no risks.
What is the time frame to buy a shelf company in Canada?
About 1-5 days.
If you would like to learn more about buying a shelf company in Canada, you can contact our local agents. Get your personalized services today!