Thai Company Structure
February 27, 2010 by Offshorepedia
Filed under Link Bank, Thailand
Thailand is not a tax haven or an offshore center. However, Thailand is a very popular country in which to buy real estate and this can be done with an offshore structure although it is not possible to buy real estate directly from the offshore company. Instead an offshore structure with a local Thai company and physical owners has to be created.
ILO Real Estate Co is a Thai Law Firm that has published an example of how a Thai Company Structure in order to buy real estate in Thailand could look like. The Schematic consists of a pdf-file that can be downloaded down below.
Offshore Magic Circle
February 13, 2010 by Offshorepedia
Filed under Dictionary
The Offshore Magic Circle refers to a number of offshore specialized law firms which are considered to be the leaders in the field of offshore law. There is disagreement both with regard to the concepts as well as which law firms that should be included in the magic circle. The Legal Business magazine listed the following law firms as constituting the Magic Circle in 2006.
- Appleby Spurling Hunter
- Bedell Cristin
- Carey Olsen
- Conyers Dill & Pearman
- Maples & Calder
- Mourant du Feu & Jeune
- Ogier
- Ozannes
- Walkers
You read more about the Offshore Magic Circle at Wikipedia by following the following link:
Offshore Magic Circle
What is an Offshore Company Mill?
February 13, 2010 by Offshorepedia
Filed under Company Formation
Something anyone interested in creating an offshore company will get in touch with is the “Offshore Company Mills”. An Offshore Company Mill is an affiliate or a re-seller of offshore companies that is not a law firm and most often has almost no legal knowledge whatsoever concerning offshore legislation. They could be selling almost any other product or service on the Internet but have for some reason decided to go for selling offshore companies.
Besides the danger with buying from someone that does not know what they are doing a problem that often is foreseen is the fact that there are no attorney client privilege between the Offshore Company Mill and the client. The Offshore Company Mill can thus use the client information against the client, they can sell the information to a third party and if the authorities demand client information from the Offshore Mill they most often have no choice to hand it over to the authorities.
If a strong secrecy is an important factor for you in your future offshore structure you should deal directly with a registered and recognized law firm and not use an Offshore Company Mill or any other service provider that not can grant you complete secrecy by law.
