Shelf Company

"A shelf company is a company that is already registered but has never traded or conducted business and holds no assets or liabilities. Essentially, the company is registered to sit on a ‘shelf’, waiting for someone to buy it. Buying a shelf company used to be the best way to quickly acquire a company without going through the time-consuming procedure of registering a new one. This article explains what shelf companies are, how they work, and why they are progressively becoming less common."

Source: https://legalvision.com.au/shelf-company/