Meaning of shell company | Babel Free

Definitions

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.

Equivalents

Examples

“It was a shell company and, the SEC alleges, never had researchers, research plans or any scientific resources.”

“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.”

CEFR level