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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Shelf Company in Luxembourg

March 8, 2011, 5:34 pm
BridgeWest

Luxembourg is one prosperous state, having a high quality of life and a welcoming environment for foreign investment. The country is an attractive place for many investors who seek to start a business here, due to the relatively low taxes and rather simple procedures. Starting a business can be done by establishing a brand new company from scratch, or acquiring a shelf company. The last business type is a company that has been already incorporated and registered in Luxembourg, with or without previous activity.

A shelf company in Luxembourg is bought for a price that usually that varies according to the age of the company. Generally, the price is higher as the company is older. Acquiring a shelf company is not a common practice, but the process is simple and the biggest advantage is its immediate use.

All that is needed to acquire a shelf company in Luxembourg is to transfer the shares. For this purpose, both parties need to sign a document, called Share Transfer Agreement and notarize it in order to authenticate it. The buyer of the shelf company can either be legal entity or natural person. Identification documents that need to be provided can include passports, identity cards or registration certificate from the relevant institution that register the legal entity.

At this point the new shareholder can proceed to modify the company's Articles of Association by changing the company name, address, adding another object of activity or bank representatives or other changes, except the date of incorporation. For the company to function according to the legal base, all of these changes need to be registered with the Commercial Register of Luxembourg.

As some shelf companies in Luxembourg have had previous activities, the future owner should keep in mind that a thorough documentation is recommended. The new shareholder should be informed on the previous activities of the company, tax and accounting fillings and possible assets. Among the advantages of a shelf company aquired in Luxembourg, we can name the already established commercial relationships, the trust built in time etc.

The process of share transfer, or the method to obtain a shelf company, resembles with setting up a brand new company, therefore the practice is not very common. However, it represents the best way to go for entrepreneurs who wish to engage in business immediately and without complex procedures.

BridgeWest is able to offer VAT-registered Luxembourgish shelf companies headquartered in Luxembourg's major cities, depending on the requirements of the clients.

BridgeWest offers company formation in Luxembourg, including virtual office and other related services. We also have a customized page that provides information about law firms in Luxembourg.




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Company Formation in Luxembourg

Luxembourg


Any person or legal entity, national or foreign, can be a shareholder or a director in a [More]

Lawyers in Luxembourg

Luxembourg

BridgeWest provides a wide range of legal services in Luxembourg through our affiliated Luxembourg lawyers and Law Firms. We are mainly specialized in the main aspects of Luxembourg Commercial Law, including Company Formation, Debt Collection, Com ... [More]