Off the shelf Company

An off the shelf company is an IBC that has been incorporated in the British Virgin Islands in advance by Caribbean Corporate Services Limited, but not yet structured as regards director(s) and shareholder(s).
This provides an additional service to our clients, when they require a company at very short notice.

Why use an off the shelf company?
The benefit of a shelf company is that it is immediately available for use by the client. This eliminates the time necessary to provide us with incorporation instructions, and the time necessary to complete a new incorporation, which is generally 3-5 days.

What off the shelf company names are available?
The shelf companies currently available necessarily change on a regular basis. We will be happy to provide a list of the shelf companies that we currently have available, in response to a telephone call or e-mail.

Is an off the shelf company really ready to go?
Yes. All that is required is for the client to choose a shelf company from the list of those currently available, and provide us with the necessary information for us to structure it as regards the names of the first director(s). Assuming that we have already completed our necessary due diligence requirements for the particular client, the client can immediately use the company, and we can courier all the documents wherever the client may wish, on the same day.

What does an off the shelf company cost?
The cost of a shelf company is similar to an IBC incorporated specifically for a client. The total purchase cost is in the region of US$1,000, and the total basic annual cost is in the region of US$700. If the shelf company has been incorporated prior to the year in which it is purchased, additional costs will be involved in the basic annual maintenance costs of the prior year(s).