Thursday, April 30, 2009

Why would someone need a Costa Rica Shelf Company (basic explanation)?

A Costa Rica shelf company is an already made Costa Rican corporation, this means already incorporated and registered in Costa Rica, with all the requirements for legal registration complied, however they do not operate or conduct any business at all, their documents are usually kept motionless in the office of the Costa Rican attorney at law serving as the resident agent of the Costa Rican company, awaiting to be purchased by any client.

They are also known as Costa Rica off-shelf companies or Costa Rica aged corporations, since they are created but not for a specific deal or purpose, they are metaphorically put on the "shelf" to "age".
Costa Rica Shelf corporations are usually sold by Costa Rican law firms or consortiums, whose members generally hold the relevant positions in the Costa Rica legal structure, until a customer is interested in buying, this would later on imply the transference or the establishment of the Costa Rica corporation's board of directors and shareholder profile.
Costa Rica Shelf companies become handy when an individual or an enterprise is interested in operating in Costa Rica but does not have the time to incorporate a Costa Rica new company (To incorporate a Costa Rican Corporation from scratch normally takes 2-4 weeks). A Costa Rica shelf company can facilitate the needs of a customer that wants to pursue business inmediately, as well as avoiding administrative hassle and expense in the creation of a new Costa Rica company.

A Costa Rica shelf corporation is also ideals in matters of providing history to the company (related to the registration date), cause in certain circumstances, in making business, a lenght of time of the company operating will be considered.

The main purpose of Costa Rica shelf companies is to save the waiting time to benefit from immediate business advantages.

GLC is a recognized provider of Costa Rican shelf companies for e commerce in general our corporate kit includes at least the following:
 Articles of Incorporation with an official English Translation
 Share Certificates
 Legal Books
 Corporate Certificate

Contact Team GLC for further doubts.

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