Services

What is a shelf company?

A shelf company is an entity that was registered and put on the shelf. This means it doesn't have assets and liabilities and has been registered with the sole purpose of being sold. All shelf entities we supply come with a guarantee that they have never traded and therefore have no asset and liabilities.

Why buy a shelf company?

The main reason for buying a shelf is when a person needs to do a business urgently and need a registration number immediately. For example, a shelf can be bought to apply for a tender or for an urgent business deal.

Shelf company

A shelf company has a name, registered addresses, two Directors and two Shareholders and a qualified Company Secretary pursuant to Section 139 of the Companies Act, 1965. If you buy a shelf, then it is compulsory to change the Directors/Shareholders addresses. You can also change the name, the principal business and the Company Secretary. We so provide secretarial services too. Please 48 hours to make all changes to a shelf company.

Steps to purchase a Shelf Company

Guide for the takeover of your New Sendirian Berhad Company It is a simple process; you need to provide the following to purchase your shelf company:

	Details of minimum of two shareholders/subscribers to the shares of the company (Section 4 of the Companies Act, 1965)

	A minimum of two directors (Section 22 CA), with either Malaysian citizenship or foreign participants.

	A company Secretary who can be either An individual who is a member of a professional body prescribed by the Minister of Domestic Trade and Consumer Affairs or An individual licensed by the Companies Commission of Malaysia (SSM)

	Both the director and company secretary shall have their principal or only place of residence within Malaysia.

	Age above 18 years old

	NRIC – Identity card for Malaysian and passport copy of foreigners

	A registered office address.

We have Company Secretaries qualified and approved in Malaysia under Section 139B of the Companies Act, 1965 and Members of the Malaysian Association of Chartered Secretaries and the Malaysian Institute of Accountants.

Why purchase a shelf company :

You are trying to establish a history for your business

You wish to enhance your corporations image with age

You want to build corporate credit which may be easier with age

You want to encourage companies to do business with you. Some companies are more willing to do business with an established company versus a younger company

You may wish to bid for a contract which requires you to establish a company immediately

The time constraints on you business mitigate against a longer process of company formation

You may want to establish your presence in a country or countries immediately