What is a shell company and what is its name?

Shell companies are also called ready-made companies. It is the earliest company legal form established according to the British company law. It is a limited company established by the promoters according to the laws of Hong Kong or Britain, but it has not appointed the first director and no investors have subscribed for shares, so there will be no business, creditor's rights and debts. In most countries or regions, such as Hong Kong, Singapore, Britain, the United States and Cayman Islands, the use of shell companies is extremely common. In most cases, there is no risk. Usually, a ready-made company will not appoint any directors before the sale, and the company has no right to conduct business, so there is no potential risk.