Difference between a Shelf Company and a Shell Company
https://nomadcapitalist.com/
These two offshore terms are commonly misconceived and get mixed up, due to the similar lettering, as well as due to media reporting connected to illegal activities and money laundering.
However, these two companies don't have pretty much anything in common:
1. SHELL company is a non-operative structure, mostly used to maintain a bank account or as a tool to perform specific transactions.
After that, it gets closed. Due to the high level of confidentiality, it's getting harder and harder to open a bank account with a shell company.
2. SHELF company is an aged corporation that has had no activity - it was put on the “shelf” to “age”.
Many offshore service providers are trying to sell these companies to their clients claiming they are good for saving time and effort involved in creating a new company, for having the ability to bid on contracts, etc.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: https://nomadcapitalist.com/apply/
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: https://nomadcapitalist.com/about/andrew-henderson/
Our website: https://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Видео Difference between a Shelf Company and a Shell Company канала Nomad Capitalist
These two offshore terms are commonly misconceived and get mixed up, due to the similar lettering, as well as due to media reporting connected to illegal activities and money laundering.
However, these two companies don't have pretty much anything in common:
1. SHELL company is a non-operative structure, mostly used to maintain a bank account or as a tool to perform specific transactions.
After that, it gets closed. Due to the high level of confidentiality, it's getting harder and harder to open a bank account with a shell company.
2. SHELF company is an aged corporation that has had no activity - it was put on the “shelf” to “age”.
Many offshore service providers are trying to sell these companies to their clients claiming they are good for saving time and effort involved in creating a new company, for having the ability to bid on contracts, etc.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: https://nomadcapitalist.com/apply/
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: https://nomadcapitalist.com/about/andrew-henderson/
Our website: https://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Видео Difference between a Shelf Company and a Shell Company канала Nomad Capitalist
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Creating Anonymity for your LLCShelf Corporations & Aged Companies | Benefits? | How do they work?How to start an anonymous shell company for your cat: Dirty Little SecretsHow The Wealthy Hide Billions Using Tax HavensTen Ways to Ease into a Global LifestyleWhat is An Offshore Company?Four Reasons I Didn’t Move to Puerto Rico (and Why Perhaps You Should)How the Rich & Powerful Hide Their MoneyTax Havens ExplainedEight Tax and Financial Concerns People Share with MeReasons to Have an Offshore CompanyThe Business of Shell Companies: The Good, the Bad, and the Ugly ExplainedHolding Companies Explained- Protect assets and enable tax strategies.Shelf Companies, Aged Corporations and LLCs►Difference between a Shelf Company & a Shell Company (2018)Jason Sharman: Untraceable shell companies and financial secrecy: An experiment"There's Nowhere in the World to Run!"I Set up a Cheap Offshore Company Online. Here’s What Happened.What is a Shell Company | Risk of Shell Companies | Where are Shell Companies located - AML TutorialHow to form an Offshore Company in UAE - Dubai? (ZERO Tax Jurisdiction)