0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!
0800 007 269 (Toll Free)

Get Compliant from Anywhere, Easy and Fast!

0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!

Table of Contents

  • Starting a Business

Shelf Companies in South Africa – 4 easy steps to get a ‘ready-made’ Company

Have your questions answered on a Shelf Company in South Africa, how it works, what to look out for and more.

Are you familiar with the term “Shelf Company“? If you’re navigating the world of business, especially if you’re starting a new company, a Shelf company may be exactly what you need. Here’s a quick guide to why savvy entrepreneurs prefer these ready-made businesses and how to buy a Shelf Company – the easy way.

What is a Shelf Company?

Essentially, a Shelf Company or shelf corporation, is a business entity that has already been registered with the CIPC and SARS but has not engaged in any business activities.

The sole purpose of a Shelf Company is to be sold to a person, group of people or another business so that they don’t have to go through the registration process. Until it’s ready for sale, these companies are essentially “placed on the shelf”.

Purchasing a Shelf Company in South Africa mostly helps you avoid the time-consuming registration process for a new company at CIPC and allows you to start trading immediately.

A Shelf Corporation has never been used for trading and comes directly off the shelf for a new business.

Why would you opt for a Shelf Company?

Buying a Shelf Company has many advantages, particularly if you need an urgent registration number. One of the main benefits is an older registration number. Applying for contracts, tenders, or financing especially benefits from an earlier registration number as it gives the impression of a reputable company.

Businesses can also benefit from a Shelf Company with VAT registration, Tax clearance, PAYE, Bank Account and even an Import or Export number, to cut down on the waiting time of these registrations and make the business compliance process fast and easy.

Our expert tip on a shelf company in South Africa if you are looking to purchase one.

Expert Tip: Watch our YouTube video on Shelf Companies in South Africa – the Easy Way and find out how you can get a Shelf Company today.

Is it safe to buy a Shelf Company?

When you decide to buy a company, it’s crucial to know about dangers, like undisclosed debts, outdated paperwork, and failure to meet current rules. Opting for a service is key to sidestepping these problems. A dependable provider guarantees that the company is free from debt, meets all requirements, and is in good standing, enabling you to kick off your business smoothly without any surprises.

If you are concerned about the safety and security issues of buying a shelf company, you’ll be glad to know that when you buy a Shelf Company at Company Partners, all checks are in place. Our experts carefully review every company to make sure you are purchasing a legitimate business entity that can start operating immediately.

What are the Disadvantages of Buying a Shelf Company?

Important to understand the Disadvantages of Shelf Companies in South Africa to maken an informed decision.

Although shelf businesses have many benefits, certain possible negatives exist:

  • The cost could be higher than registering a new company, especially if the shelf company comes with an older registration number.
  • After purchasing a shelf business, it is critical to make any necessary company amendments, such as changing the director details, registration address, and shareholder information, to verify that everything is legally in your name. This stage guarantees that you have complete control over your new business and are in compliance with all legal regulations.
  • It’s rare, but it has happened that shelf companies are registered with the intention of using them for fraudulent activities. This is why it’s so important to buy from a trusted service provider like Company Partners, where all shelf companies are vetted and verified.

Can you still buy a Shelf CC in South Africa?

While Close Corporations (CCs) were a common type of business entity prior to the Companies Act of 2008, you are no longer able to register new CCs. However, existing CCs are still regarded as legal entities and can therefore be purchased.

You can find shelf close corporations for sale from reputable service providers, enabling you to take advantage of the benefits of a CC structure.

A shelf company for sale in South Africa being purchased by a customer
Company Partners shares expert tips on Shelf Companies in SA

Expert Tip: Company Partners can set you up with a shelf company for sale in one minute! Our Shelf Company Packages provide a fast and easy solution, whether you need an older company registration number or want to start trading like yesterday! Given that stock is limited, it’s better to act fast to guarantee the best choices.

What is the Shelf Company Process?

Company Partners has simplified the process into four easy steps:

Select your shelf company among our large inventory of South African shelf companies with an instant registration number and company documents. Options include Bank Account, Tax, VAT-registered shelf businesses with all the necessary compliance records.

Once you have selected your preferred shelf company, the purchase can be done online. Our system allows you to quickly safeguard your shelf company without any hassles, saving you time.

Following the purchase, we handle all aspects of your ownership transfer. With the CIPC, this covers updating business addresses, directors, and shareholders. Additionally, you will get all the required paperwork, including your instant registration number, which will let you start trading right away.

Any specific amendments, like changing the company name or directors, usually take one to two weeks to be processed by CIPC. Once finished, you will have all the necessary documentation to start trading with the new specifics right away.

How to get fast Shelf Company Registration?

Company Partners has a variety of compliant shelf businesses ready to be purchased. Simply sign up for a Free Consultation with one of our Shelf Specialists who will assist you in identifying the ideal shelf company for your specific requirements. If you have more questions, hop on over to our FAQ section on shelf companies on our website or YouTube.

Get your Shelf Company from Company Partners now and start trading in one minute!

Contact us today!

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