KG (LP) shelf company
Limited partnership (KG), without a general partner GmbH for takeover, available from our portfolio and ready for immediate use.
- Immediately available
- Bank account of your choice
- Location of your choice
Our shelf KGs are lawfully established, entered in the commercial register, and free of any liabilities. The limited partner's contribution/liability capital of EUR 500 has been paid in full into a bank account set up for the company. Once you take over the KG, it is ready for immediate use.
from EUR 2,800
Shelf company bank account
All of our shelf companies come with a bank account with full paid up share capital. We offer our companies with different account models.
Shelf companies with a transferable bank account have a bank account that can continue to serve as the company's operating account. The new management has the option to either take over the company's account or have it closed.
Our banks:
- BW-Bank
- Commerzbank
- Deutsche Bank
- HypoVereinsbank
- Nord/LB
- Oberbank
- Qonto
- Sparkasse
To take over the account, the new management must complete a KYC/identification process with the bank. We cannot guarantee the success of this process.
If the KYC process is unsuccessful, the bank account will be closed and any funds paid in will be transferred to a bank account of your choosing.
Advantages:
- Once KYC/identification with the existing bank has been completed successfully, you will have an operating account in place.
- We provide guidance on the account transfer, including direct contacts at the bank.
- You can close the account and switch to a different bank at any time.
We also offer shelf companies with a cheque model. The existing account is used solely for paying in the share capital. Such an account cannot be continued as an operating account.
After the purchase of a shelf company with such an account, the new management receives an order cheque from us in the amount of the share capital paid in (for a shelf GmbH, this is a cheque for EUR 25,000).
You can then open an account for the shelf company at your existing bank or at another bank of your choice, and pay in the cheque there. Once the cheque has been paid in, the shelf company's old bank account is automatically closed.
Advantages:
- You can take your time contacting a bank of your choice to open a new account.
- If the bank has already identified you, KYC/identification for the newly established company account tends to proceed quickly, based on our experience.
- No account closure fees apply.
The choice of bank account is a critical point. You can put a shelf company to legal use immediately after acquiring it. However, taking over the bank account is a separate matter, and a particular challenge.
The right choice of bank largely depends on the nationality and place of residence (or registered office) of the buyer and the new management. Please share these details with us, and we will support you in selecting a suitable bank.
M&A Ready
We operate in situations that demand the highest level of professionalism – the acquisition of a German target company, the restructuring of an investment fund, the sale of a real estate portfolio, the market entry of a foreign company, or the takeover of a German Mittelstand company by an international investor. Whether in a bilateral trade sale, a structured bidding process, or a public deal – our managing directors take on responsibility as part of our corporate services offering: lawfully, discreetly, and with relevant expertise in M&A, finance, and corporate law.
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Corporate Services
We offer a comprehensive range of corporate services – for companies at every stage of their development. We assist you with ongoing administration as well as transaction-related tasks – regardless of whether this involves the purchase of a shelf company.
More information
The shelf KG is acquired without notarisation of the purchase agreement; the change of limited partner is filed with the commercial register. On request, Blitzstart supplies the required general partner. After payment of the purchase price is secured, the interests are transferred; the KG is already registered in Munich or Frankfurt and able to act immediately.
A shelf KG costs EUR 2,800 at Blitzstart, including the fully paid-in limited partner's contribution of EUR 500. Included are the registered company with a bank account and the documentation in German and English. If a general-partner GmbH is also obtained, its purchase price is added.
The shelf KG is already registered and immediately available; the otherwise necessary coordination of the partnership agreement, partners and register filing is not required. On request, Blitzstart supplies the matching general partner, so an operational structure is created without any incorporation of your own.
Points to clarify are the future general partner, the allocation of liability and compulsory contributions and the representation arrangements. As a partnership, the KG is treated as tax-transparent, which is relevant for structuring the participation. Blitzstart coordinates the structure before the transfer.
The KG is usable as soon as the interests have been transferred; a notary appointment is not required. As the company is already registered, the waiting time of a new incorporation does not apply.