I would like to buy a shelf company and I have further more question relating to the age of company, Is there benefit if the company is older? (i.e. 3 years instead of 1 year old). If there is benefit, I would prefer to have older company.
Panwa: Kindly note that there is not much difference and or benefits with having an older company, except for :
- An older company (such as 3 years old) would maybe more beneficial when you present your company’s profile to clients, which most clients they trust older companies more than the new companies. Or
- If in case you plan to apply work permit, older company would be better for applying for visa and work permit than a new company due to most immigration and or labor officers tends to be more strict with the requirements when the company is just new, due to they will require a lot of document such as financial statements, SSO forms or tax form and etc.
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