Credibility - A company with a history is more likely to be selected as a business partner and have more credibility with lenders and suppliers.
Government tenders - Some government contracts are only available to companies that have been in operation for a certain number of years.
Prestige - Usually, the older the company, the higher it's standing in the business community.
No Delay - There is no need to wait for an incorporation of a new company to be effected or for the relevant business registrations to be completed. It is available for immediate use. For basic incorporation delays can be as high as 15 days, depending on the filings required. Furthermore, you cannot obtain sales tax numbers for a company before incorporating nor can you obtain a merchant account to accept Visa or MasterCard before opening a bank account. Hence, purchasing a shelf company will save you much time and effort.
Pre-Established Relationships - Some of our shelf companies come with existing business bank accounts. This will save you time in setting up these accounts and you can build on an existing relationship with these organizations.
Established Commercial Credit File - Some of our shelf companies have a pre-established commercial credit file with Equifax. This will enable your lenders and suppliers to view an existing credit report on your company. In time, through your good conduct and payment history, you will build credibility for your financing needs. Unfortunately, lenders and suppliers often focus on the length of time your company has been reported to the credit bureau and not necessarily how long your company has been in business. Technically, you can be in business for 5 years and if nobody reports your payment history you will not have an existing credit bureau report. Lenders and suppliers will not look favourably upon your company. With a shelf company, you will avoid those pitfalls, starting on the right foot directly from the beginning. View sample credit report.