One of the mysteries of the English language finally explained.
An inactive company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity.
- ‘Eventually the idea of using an offshore shell company in the Cayman Islands as a way to hide the paying of bribes became a more plausible, and attractive idea.’
- ‘Many corporations use shell companies to reduce the tax liabilities of deals, but it created a new shell company for almost every new issue.’
- ‘Apparently you can set up a shell company, pretend to run auctions and people will transfer money to you without knowing anything about you.’
- ‘But that certificate would be tied to the name of the shell company they started for the purpose.’
- ‘Investors are taking a punt on what effectively is a shell company.’
- ‘The source said 130 officers raided 50 premises on both sides of the harbour, including a shell company where the director was arrested.’
- ‘‘In 1997, I bought a shell company, which had done some wells and which had a long history in Ireland,’ he said.’
- ‘For example, a higher-rate taxpayer could buy a 10% stake in a shell company for £20,000 shortly before it floats.’
- ‘Part of their shell company's offering was floated on the Geneva stock exchange using fake balance sheets.’
- ‘Company A in Britain owns a shell company in a tax haven (Company B).’
- ‘The company is merging with two other rivals via a three-way acquisition by a long-dormant shell company, but it promises that the deal is the first of several in this fragmented industry.’
- ‘Invest in 5,000 mobile phones or other products and set up a shell company, preferably in a ‘non-cooperative’ jurisdiction where fewer checks will be made.’
- ‘One possibility was buying a shell company to gain access to the market.’
- ‘If I have to set up a little shell company to get what I want, I will.’
- ‘In other words, he owns 50% of the shell company!’
- ‘The shell company's fee income is greater than the costs of supporting the site.’
- ‘He explained that this is only a shell company left over from the restructuring process.’
- ‘Until the deal is completed with the administrator, York City Football Club Limited is, in effect, just a shell company.’
- ‘However, what's left is little more than a shell company.’
- ‘It turned out to be a shell company, with negligible assets, which has now gone bankrupt.’
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