shell corporation

A corporation without active business operations or significant assets.

Investopedia Says:
Shell corporations are often formed before commencing operations to obtain financing. Sometimes, they may be used as a front in tax evasion.

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Company that is incorporated but has no significant assets or operations. Such corporations may be formed to obtain financing prior to starting operations, in which case an investment in them is highly risky. The term is also used of corporations set up by fraudulent operators as fronts to conceal tax evasion schemes.

The noun has one meaning:

Meaning #1: a company that is incorporated but has no assets or operations
  Synonym: shell entity