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Use of United States-Based Shell Corporations and Foreign Shell Banks by Eastern Europeans to Move Money (1349 words) |
 | Shell corporations are described as companies with no independent assets or operations of their own, which are used by their owners to conduct business dealings or maintain control of other companies. |
| A shell corporation is registered or licensed in the state or country in which it is incorporated or established, is not traded on a securities exchange, and does not operate on its own. |
| If a shell corporation is established in a jurisdiction with strict secrecy laws, it can be almost impossible to identify the owners or directors of the corporation and therefore nearly impossible to trace illicit funds back to their true owner. |
| Alternative Venture Finance: Shell Corporations - Growthink, Inc. (321 words) |
| A shell corporation is a company that is incorporated but has no significant assets or operations. |
| A second type of shell corporation is formed when the company seeking capital identifies an existing shell or inactive public company (IPC) as a candidate for a reverse acquisition. |
| Shell corporations are a quick and cost effective way of taking a company public and raising public capital. |
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