Shelf company acquisition in Ireland
One of the main reasons why investors may choose to purchase a shelf company over the establishment of a new legal entity is the difference in time spent on both procedures. When creating a new company, an entrepreneur needs to go through complex and time-consuming procedures, while a ready-made company is already registered, so the business can start working almost immediately. Typically in Ireland, new shareholders can obtain a company number in as little as 24 hours or even the same day. Another important advantage is the additional trust from suppliers and customers if the company was registered some time ago, and not recently. In addition, if you work as a sole trader or in partnership with a legal entity that has been established in the past, you may also be eligible for tax planning benefits.