When it comes to acquiring a company, it is important to understand and decide whether you want to register a completely new company and start from scratch, or choose a previously created or founded company that has already been registered beforehand. Shelf companies are also called paper companies or shelf companies (blank check companies) because of their acquisition process structure. Usually the company has already met all the requirements for legal registration. Therefore, it is ready to be bought by any person who wants to skip the registration and registration process. Accounting and various law firms usually sell such companies. The mentioned companies do not conduct any trading or economic activity, they simply exist in a standby mode. https://www.confiduss.com/en/info/blog/article/company-acquisition-cyprus/