shell entity

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Noun1.shell entity - a company that is incorporated but has no assets or operations
shell corporation
corp, corporation - a business firm whose articles of incorporation have been approved in some state
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References in periodicals archive
"Investigation revealed that unaccounted funds of promoters were round-tripped through BVI based shell entity. The recipient company never commenced its business of software development.
IT attaches FDI of USD 40 million of Ratul Puri, Deepak Puri; bungalow at Lutyens' Delhi
The bond was aimed at providing funds to the Power Holding Private Limited (PHPL) an asset-less, state-owned shell entity.
PSO in dire straits as launch of Rs200bn bond delayed
In a statement, Affymetrix said that its board, in reviewing the proposal, noted that Origin appears to be a newly-formed shell entity with no assets "a[euro][broken bar]of which Affymetrix is aware", and whose sole source of funding for the proposed transaction is USD 1.5bn in potential debt commitments.
Thermo Fisher in Agreement with Affymetrix Board on Competing Offer
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