Services

What is a shelf company?

A shelf company, also known as a ready-made or off-the-shelf company, is a legally registered company that has had no prior business activity. It's essentially a company that's been established and then put on the "shelf" to be sold to someone who needs a company quickly, without going through the lengthy registration process. In Malaysia, shelf companies are often pre-registered with Suruhanjaya Syarikat Malaysia (SSM) (Companies Commission of Malaysia) for running a business.

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 certificate of incorporation, already has a name, a registered office, a Sole Director and Shareholder pursuant to the Companies Act, 2016. After the shelf company is purchase then it is compulsory to change the Director/Shareholder details and address. The name can be changed as well after purchase. A qualified Company Secretary pursuant to Section 235 of the Companies Act, 2016 must be appointed within one month from purchase. All changes are required to be made within 48 hours of purchase.

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 a shareholders/subscribers to the shares of the company (Companies Act, 2016)

	A minimum of two directors (Section 196 CA), with either Malaysian citizenship or foreign residents.

	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 235 of the Companies Act, 2016 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