Editor’s note: This article was first published in September 2010. The price (from 1,250 euros), the 48-hour turnaround and the range of companies on offer are 2010 data; the firm may no longer exist.
As an idea for starting your business while speeding up the paperwork of setting up your company, there’s COMPANIES INTRA LEGEM, S.L., a firm that sells dormant companies at a good price. From €1,250 you can buy an already incorporated company (a shelf company), free of debt.
You don’t need to put up the initial capital, because the previous owner paid it in when the company was set up. Intra Legem handles all the formalities so that you can start operating within 48 hours.
They take care of changing the registered tax address, the deed of sale, the notarised certificate stating that the company has had no activity and has no debts, and the deed of incorporation.
They offer sociedades anónimas (public limited companies), sociedades limitadas (private limited companies), “Platinum” companies (with increased share capital) and “Vintage” companies (already several years old).
Further reading
- Business ideas built around services for companies
- The advantages of starting a business in times of crisis
- Why a new business fails
- The businesses of the future
- You can be a successful businessperson
Featured image: Tim Reckmann, CC BY 2.0, via Flickr.
