Benefits of Vintage U.S. Corporations
January 6, 2025
“Privacy haven for Non-U.S. Citizens.”
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For Non-U.S. citizens, owning a shelf corporation in the United States may enhance privacy and open new markets. Since the United States is not a participant in the OECD Common Reporting Standards, it is often looked upon as a privacy haven for non-citizens looking to invest here. The Common Reporting Standard (“CRS”), was created by the OECD in 2014 pursuant to a meeting of the G-20 nations in Australia and calls for the automatic exchange of financial account information between agreeing jurisdictions. It should also be noted, however, that to open a bank account, Non-U.S. citizens will likely need to travel to the United States and meet with potential banks.
Shelf corporations in the United States have many other profound business purposes. They are frequently used for holding personal or business assets. Another common purpose for the creation of a shelf corporation is as a turn-key business package that can later be sold to someone who wants to start and operate a company without going through the effort to form a new one. By purchasing a shelf corporation, an entrepreneur now instantly owns an established company that has been “in business” for several years without debts or liabilities.
Therefore by owning a pre-established corporate entity, you are able to take advantage of the following benefits:
1- Instant availability & fast delivery
2- Show longevity of company filing
3- Immediately own a company with a filing history
4- Ready for immediate transfer as no stock is currently issued
5- May help when applying for contracts and financing
