ペーパーカンパニー

noun

shell company; dummy corporation; bogus company

A company that exists only on paper, with no real business operations, often used for tax evasion or money laundering.

wasei-eigo (Japanese-coined English), from paper company

• その会かい社しゃは実じっ体たいのないペーパーカンパニーだった。

  That company was a shell company with no real substance.

• ペーパーカンパニーを使つかって脱だつ税ぜいする事じ件けんが発はっ覚かくした。

  A case of tax evasion using a dummy corporation came to light.