shell entity

A company or corporation that exists only on paper, having no significant assets, operations, or employees, often used for financial transactions, tax avoidance, or holding assets.

• 🇨🇳指仅在纸面上存在、没有实质资产、业务或员工的公司，常用于金融交易、避税或持有资产。

1. Inactive company C1 formal

   A company that exists legally but has no significant assets, operations, or employees.

   • The shell entity was used to facilitate the merger.
   • Investors were warned about the risks of buying a shell entity.
   • The shell entity had no revenue for the past three years.

   🇨🇳空壳公司

2. Legal structure for transactions C1 formal

   A legal structure created to hold assets or facilitate financial transactions, often without active business operations.

   • The shell entity was established to manage the intellectual property rights.
   • They used a shell entity to acquire the real estate.
   • The shell entity was dissolved after the transaction was completed.

   🇨🇳空壳实体