What are the benefits of forming an offshore shelf company?
For most clients, forming a new offshore company achieves their goals. However, there are some clients who may want or need to demonstrate that their offshore company has been in existence for months or years. A shelf company is the perfect solution for this scenario. Once a shelf company has been purchased; bank and brokerage accounts may be set up in its name. This allows the client to do banking, investing and business in the name of a company that has been in existence for a long time. The client can also move assets such as real estate, cars or boats into the shelf company. Shelf companies are almost always more expensive than newly formed offshore companies. In some cases a shelf company’s price may be several times the price of a newly formed company. This is due to the fact that each year that an offshore company is in existence a fee (called an “annual fee” or a “renewal fee”) must be paid. The price of a shelf company increases each year by at least the price of the renewal f
