Shell company
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Shell Company is a non-active organisations which is mainly used to avoid taxes.
Shell Company is a non-active organisations which is mainly used to avoid taxes.
A Shell corporation is a corporation without active business operations or significant assets. These types of corporations are not all necessarily illegal, but they are sometimes used illegitimately, such as to disguise business ownership from law enforcement or the public. Legitimate reasons for a shell corporation include such things as a startup using the business entity as a vehicle to raise, funds, conduct a hostile takeover or to public.
It’s a non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity.