Ready-made companies go by their other name: “shelf companies”. These are companies that have already been registered and are awaiting “on the shelf” until they are bought by an interested client (hence the name). The primary purpose of buying a ready-made company is to save some time that would otherwise be spent during the new-registration procedure.
In some circumstances it may also be necessary to acquire a Cyprus company that has already been in legal existence for some time – for formalizing an existing de-facto deal, or for purely having a company with a more respectable age. A variation of this option are the so-called “vintage” or “aged” companies. A vintage company may have been maintained for several years before it is sold. A purchase of a vintage company is justified when there is a genuine necessity to show that the company has actually been in legal existence for some time.
While a regular shelf company would usually cost the same as a brand-new company, a vintage company will always be more expensive. This is because the government fees and the professional servies fees for all the previous years will have to be covered on top of the incorporation fees, with some interest.
Ready-made companies are guaranteed by us to have no transaction history whatsoever. Written guarantees can always be provided in confirmation that the shelf company has not traded.