A shelf company, also known as a ready-made company in Kazakhstan, is a legal entity which has already been registered and which can begin its economic activities immediately. Choosing a shelf company in Kazakhstan diminishes the time necessary to open a company in this country and it allows the entrepreneurs to avoid some inconveniences. As follows, our company formation agents in Kazakhstan explain how to set up such a company here and what its advantages are.
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Incorporation procedure of shelf companies in Kazakhstan
Usually, when acquiring a shelf company in Kazakhstan, it is in the form of a limited liability partnership, which is the most popular type of legal entity in this jurisdiction.
Since the local legislation does not stipulate the possibility of opening a limited liability company, the limited liability partnership in Kazakhstan is utilized by both local and foreign investors.
The Kazakh limited liability partnership does not subject its proprietors to unlimited liability for the partners’ losses, like it happens in most other jurisdictions.
Utilizing such a company does not, hence, expose the owners’ personal assets to any risk if their business is not successful.
A limited liability partnership in Kazakhstan can be opened by only one partner, who can be a local or a foreign citizen.
The owner of such an entity has to:
- Invest at least USD 1 in the partnership’s capital;
- Name one director, who has to be a private person.
Our company incorporation advisors in Kazakhstan can assist entrepreneurs who want to open such a company in Kazakhstan.
Shelf company benefits in Kazakhstan
A shelf company in Kazakhstan confers plenty of benefits, like:
- Saving time compared to the procedure necessary to set up a new company in Kazakhstan;
- Allowing easier access to corporate credit;
- Having a corporate history which confers credibility to potential investors, partners and clients;
- Offering the opportunity to bid for contracts.
If you intend to set up a shelf company in Kazakhstan or if you require company formation advice in Kazakhstan, please contact our staff.