Should I consider a Vintage or Shelf Company

[JavaBrussels]

I am thinking of getting a Vintage or perhaps Shelf company.

Reasons:

1. Easier to get UK bank account (Since it would already exist).
   This is an issue since I live abroad. I think for a new company I would just have to go to the UK(?) and it would probably be cheaper than the extra cost of vintage. Also there are some procedures to transfer bank rights to me with a vintage as well
   
   
   
2. VAT
   This is really difficult from abroad
   
   
   
3. A "real" UK company has some advantages abroad, like bank accounts for foreign subsidiaries.
   (But if the cost of vintage is high, it is not really worth it)

I am assuming that I buy the company from a provider that gives some guarantees against liabilities.

For me long trading history is not important (Unlike for most buyers of vintage). Recent trading is more important - preferably this year. The later would perhaps make a clean transfer more difficult, but I could perhaps not trade this year.

What do you think?

[malvolio]

A vintage or shelf company that has traded this year... OK...


I was getting regular calls (before I blocked the number) from 0845 863 0667 asking if I wanted to sell my company. Perhaps you should give them a ring

[b0redom]

Didn't you ask this once already and the advice was, "Don't do it." ?

[Nixon Williams]

I am thinking of getting a Vintage or perhaps Shelf company.

What do you think?

As has been said, my advice would be to avoid this for reasons I gave in your previous thread.

It appears from your post that you do not intend to visit the UK, so why do you want a UK company?

You seem to have some incorrect understandings of how things work and I would suggest you pick up the phone and contact someone to discuss in detail why and what you are trying to achieve.

To summarise, my advise would be not to take this route but it sounds as though you have made up your mind, in which case you need to be very careful.

Alan

[captainham]

Didn't you ask this once already and the advice was, "Don't do it." ?

BZZZZT. Incorrect answer.

If at first you don't receive the answer you want, ask again until you bore somebody into submission and they finally say "whatever, do what you want, it's your business anyway".

OP can consider this as the required answer for you to go and proceed as planned, with whatever scam/scheme you are cooking up!

[cojak]

...and if I see a 3rd thread asking the same thing I'll take action.

[Wanderer]

JavaBrussels, I don't think anyone here can really help much further on a public forum and you obviously don't want to reveal the full details of what you are trying to achieve.

You really need to have a private conversation with one of the friendly, helpful accountants who are recommended by the forum members and discuss what you are trying to achieve.

Not taking professional advice is a big mistake in my experience - it ends up costing a lot of money in the long run.

Good luck!

[JavaBrussels]

As has been said, my advice would be to avoid this for reasons I gave in your previous thread.

You haven't given any reasons.

[NotAllThere]

You haven't given any reasons.

Yes he has. And given your inability to read, I'm locking this thread as it obviously can serve no further purpose.