shell company


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Related to shell company: shell corporation, Shell Oil Company

Shell Corporation

A company that exists as a vehicle for transactions without any independent activities or assets. Shell corporations are formed sometimes to obtain financing before they begin operations, or after a bankruptcy and business has ceased. They are also used in tax avoidance and tax evasion schemes: for example, companies may set up shell subsidiaries in tax havens and hide profits in them. See also: Reverse acquisition.

shell company

a company whose shares are currently listed on the STOCK MARKET but which is not actively trading. The share prices of such companies are generally very low and they may offer an attractive means for a business without a stock-market listing to acquire one by TAKEOVER.

shell company

a company that is not actively trading but that is still listed on the STOCK EXCHANGE. Such a company can be purchased in a REVERSE TAKEOVER by a company wishing to obtain a stock-exchange listing.
References in periodicals archive ?
2014) (defining a shell company as an entity "that has no active business and usu[ally] exists only in name as a vehicle for another company's business operations."); see also Shell Corporation, INVESTOPEDIA, http://www.investopedia.com/terms/s/shellcorporation.asp (last visited Mar.
Vice President Shell Company Asada Harnsuit said that law and order situation has substantially improved during the tenure of present government, as a result of which, confidence of investors has been restored and a large number of investment opportunities have also become available.
Similarly, one can import software - get a shell company in Singapore or Hong Kong to send a blank CD.
and Mondex Protector Philippines Inc., leaving the current one as a publicly listed shell company that is ripe for backdoorlisting.
Colletti would allegedly request a purchase order for a promotional event, and have a shell company create an invoice, which he would approve.
The dossier, issued by the US Treasury Department through its Director of Financial Crimes Enforcement Network, Ms Jennifer Shasky Calvery, said: "FBME has a significant number of shell company customers nominally based in Cyprus and in other high-risk jurisdictions.
Bandar Seri Begawan, Mar.17 (ONA) Mohd Yasmin bin Haji Umar, Minister of Energy at the Prime Minister's Office in Brunei met at the Office of the Prime Minister in Brunei today with Omani engineers working for Brunei Shell Company, as part of the exchange of expertise between PDO and Shell Brunei.
On the whole, forming an anonymous shell company is as easy as ever, despite increased regulations following September 11.
13 outside Peabody Energy corporate headquarters here, alleging the company circumvented benefits payments to 22,000-plus retirees and their dependents by dumping responsibility onto a shell company.
Renault is expected to obtain licence for operating in the country through a shell company based in Xiaogan, Hubei, one of its first joint ventures in the Asian country.
Court documents show that money was wired to Turismo dos Polos in Mexico, which transferred a portion--$45,000--to another shell company, Communications Sophie, in Trinidad.
He added that Shell Company has a good experience in the economic sector.