What is an Offshore Company Mill?

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.

Other articles that might interest you:

1. Register a Offshore Company in Belize,BVI,Cyprus or the Seychelles, the ultimate place, read now!
2. How and where to create an offshore company
3. Offshore Company – Where to Incorporate?
4. Why Offshore Tax Haven Company Incorporation
5. Some Basic Characteristics of an International Business Company (IBC) in Belize