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Latvia: Immigration law amendments
26th May 2014
Latvian parliament adopted amendments to the Immigration Law in Latvia on May 8th, 2014. The amendments will come into force on September 1, 2014. Changes refer to the minimum thresholds of the property that qualifies for temporary residence permit.

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Benefits of obtaining a shell company

Obtain a shell company and save your time.

Ready-made company, as well as other terms e.g. shelf company, shell company, previously formed company, seasoned company or aged company describes limited liability company or partnership, that has had no activity, metaphorically put on the “shelf” to “age” or being like an empty “shell”.

The main reasons to obtain a shelf company are:

  1. Time saving. The process of incorporation requires time, faster registration costs more money because of higher state fees. It is faster to change owner of existing company.
  2. Corporate longevity. Some partners or credit institutions may look at registration date before proceeding cooperation. Possible clients will trust older company, which could be used for advertising.
  3. History of your business. Enhances corporation’s image with age and increases credibility.
  4. Need in bank loan. It may be easier if you can show your history of being incorporated.

The age but not the name of the ready-made company is of primary importance because a name change can be readily accomplished. Baltic Legal offers legal support in Shelf Company’s purchase and provides best quality services and useful advices in related matters.

We do not have any ready made companies for sale at the moment.

However our partners might have. Please let us know what are your needs and we will get back to you with list of options.

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