A shelf company, also known as a vintage company is one that has been incorporated for several years, but has not carried out business activities. These companies are stored, like fine wines, so that once they have reached a certain maturity they will be able to begin operating.Such companies are formed with unconcealed intention that at some point someone will purchase and commence operations. Legislation in many countries exempt from taxation (tax havens) allows the establishment of such companies.Usually vintage companies are more expensive since the price consists of several factors and is generally higher than the price of a newly registered company. First, the cost for the initial incorporation of the company, as well as the annual maintenance costs for office and registered agentfor each year of existence of the company. Finally, the cost of maturity which is generally a fixed annual amount for each year of existence of the company.