shell company
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English
Noun
shell company (plural shell companies)
- (law, business) A company that engages in no substantive business activities, but instead exists as a vehicle for legal or financial transactions, typically to shield another party from liability or other issues.
- Synonyms: shell corporation, letterbox company, mailbox company, front company
- 2018, Oliver Bullough, chapter 2, in Moneyland, Profile Books, →ISBN, page 19:
- This luxury-loving and profligate shell company is registered at a betting shop on the Caledonian Road, an unlovely thoroughfare in North London on which you'd be more likely to find amphetamines than a top-notch lawyer.
Related terms
Translations
company without activity created for tax purposes
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See also
Further reading
shell corporation on Wikipedia.Wikipedia - John Smullen, Nicholas Hand, editors (2005), “shell company”, in A Dictionary of Finance and Banking, 3rd edition, Oxford University Press, →ISBN, page 375
- “shell company”, in OneLook Dictionary Search.
