5 reasons to choose a ready-made company
A ready-made company, also known as a shelf company, is a corporate entity that has been pre-registered and is available for immediate purchase and use. These companies have no previous business activity and are maintained solely for the purpose of being sold to entrepreneurs who wish to start their operations without delay.
For business owners and international companies looking to quickly establish a presence in Estonia, ready-made companies offer a unique set of advantages that can be particularly appealing in today's fast-paced commercial environment.
Reason 1: Speed of Business Establishment
One of the most significant benefits of a ready-made company is the ability to commence business activities almost immediately. As these companies are already registered, they can be operational within a matter of hours after purchase.
Starting a new company from scratch involves a time-consuming registration process. By choosing a ready-made company, you bypass this step entirely, saving valuable time that can be better spent on business development and strategy.
Reason 2: Ease of Business Transactions
Ready-made companies often come with pre-established corporate bank accounts, streamlining financial transactions from the outset. This is particularly beneficial for non-residents unfamiliar with the banking procedures in Estonia.
Having an established company can provide immediate credibility with clients and partners, who may be more willing to engage with a business that has a history, even if it's only on paper.
Reason 3: Legal and Administrative Advantages
A ready-made company is a legal entity that has already been through the incorporation process. This means that all the initial legal groundwork has been laid, which can be a significant advantage in terms of compliance and due diligence.
Managing the administrative tasks associated with starting a new business can be overwhelming. With a ready-made company, much of the paperwork and initial setup tasks have already been completed.
Reason 4: Fiscal Benefits
Many ready-made companies come with a VAT number, which is essential for trading within the European Union. Acquiring a VAT number can be a complex process, and having one from the start can be a considerable advantage.
Although shelf companies have no actual business history, the mere existence over a period of time can be beneficial for establishing credit lines and financial relationships with banks and suppliers.
Reason 5: Flexibility and Adaptability
Ready-made companies are available for a variety of business sectors, offering flexibility to entrepreneurs who wish to enter a specific market quickly.
The transfer of ownership of a ready-made company is typically straightforward and can be completed in a short period, allowing new owners to adapt the business to their needs with minimal hassle.
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