Shelf Companies in Belgium
Shelf Companies in BelgiumUpdated on Thursday 09th August 2018
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A shelf company in Belgium is a company that has been incorporated but has not had any business activity. These types of companies are convenient for entrepreneurs who want to open a business in Belgium but do not want to go through the lengthier procedures required for company registration. By purchasing an already made company they can begin their business activity faster.
The main traits that are characteristic of a shelf corporation are the following:
- The type of company is already chosen: investors can purchase a company type that suits their needs, such as the private limited company, SPRL/BVBA.
- It has its Articles drawn up: the company’s constitutive documents, the Articles of Association, are drawn up and specify the type of company and its purpose.
- The name is already chosen: the name of the company is already chosen from the ones available for registration so the investor will not need to worry about company name infringement in Belgium.
- It is registered: the company is registered with the Belgian authorities, namely the Banque-Carrefour des Entreprises (BCE).
These four traits are also part of the steps for opening a company in Belgium, starting with choosing a company type of name, verifying the name, drawing up the documents and following through with the registration process. The fact that the company is already established is important for those future business owners who wish to start trading as soon as possible.
Our law firm in Belgium can make all the necessary arrangements so that you can buy a Belgian shelf company. Our lawyers in Belgium recommend you to be cautious when doing such a business transaction, to avoid any costly schemes. Legal assistance can be of great importance when buying an aged company and our Belgian lawyers have the necessary experience to help you make the right choice.
The advantages of a shelf company
Perhaps the greatest advantage of a shelf company, and the reason why many foreign investors choose to buy such a company, is the fact that the company can begin performing business activities right away. The shelf company will have all its documents in order, all its payments up to date and the investors will see no setback when engaging in business activities. One of our lawyers in Belgium can help you right away with the transfer of ownership, which will reflect the new and updated company director/s.
Another advantage, one that seems to be of great importance to some entrepreneurs, is that these Belgian companies have more credibility for credit companies, especially when wanting to obtain corporate credit. The shelf company has no bad payments history, no creditors that claim liabilities and is in no danger of liquidation or dissolution.
One last advantage is the fact that some business partners may prefer to engage in business activities with a company that has longevity. Customers or other will also be more likely to trust a company that has been established for a longer time.
Buy a shelf company in Belgium
If you decide to buy a shelf company in Belgium, rather than incorporate a new one like a branch or a subsidiary, our Belgian law firm will see that all the steps for purchasing the company are completed and that everything is in order.
Our Belgian lawyers can help you sign any necessary contracts and draw-up any other necessary documents for the company. We will make sure that the purchase is legitimate and risk-free.
For more information about the legislation for investments in Belgium, please do not hesitate to contact our attorneys in Brussels.