noun
dummy corporation; front company; shell corporation
Refers to a company set up to conceal the true owners or to conduct transactions without revealing the real parties involved. Often used in contexts of tax evasion, money laundering, or corporate fraud.
その企業はダミー会社を使って資金を隠していた。
The company used a dummy corporation to hide its funds.
Cases of tax evasion by setting up shell companies continue to occur.