First, the construction of overseas entities, the main body of some successful blockchain projects will choose the non-profit Singapore Foundation.
The image of the Singapore non-profit foundation is more in line with the blockchain spirit. As the center of blockchain in Asia, Singapore implements an open policy. The government supports the development of blockchain and the policy environment is good, so the Singapore non-profit foundation is easier for investors to trust.
Coupled with the close geographical advantage, it has become the only safe and convenient choice for the blockchain project in China. With the experience of pioneers, the Singapore market has included more than 30 registered companies related to blockchain business, including Litecoin, Huobi and Bitcontinent, covering major blockchain companies in Singapore and Singapore/blockchain projects in China.
The main advantages of non-profit foundations:
1, the Singapore government supports the development of blockchain industry;
2. The famous Biyuan Chain and Quantum Chain are registered with Singapore Foundation;
3. The blockchain ICO market is mature and the legal services are perfect. Singapore non-profit foundation can issue relevant legal opinions later;
Judging from the long-term development of the chain circle project, the regulatory policies of various countries will be more and more perfect, and legal compliance is definitely the general trend. Take precautions. I hope everyone can make plans in advance.
(1) This foundation can be directly controlled by the actual controller.
(2) You can also control this foundation through the offshore company structure.
When it comes to offshore companies, they usually choose to register in the islands. Some domestic giants, such as Ali, Teng Xu, Shanda Network, Xiaomi and Haidilao, have set up overseas IPO structures by registering offshore companies on the island.
Advantages of registering offshore companies in the islands:
1, a completely tax-free system (only a small annual management fee is charged)
2. Confidentiality of company information (highly confidential)
3. Overseas IPO structure (domestic giants such as Tencent and Xiaomi build overseas IPO structure by registering offshore companies)
4. Free naming (Chinese can be added)
5. There is no foreign exchange control.
6. There is no specific business scope, as long as it does not engage in illegal and criminal activities or industries that need franchising.
Second, the Singapore Non-profit Foundation can issue relevant legal opinions in the later stage to conduct legal compliance and prove that the company's operation conforms to the current laws in Singapore.
The main contents of the legal opinion:
1. white paper modification: modify the white paper of the project that does not comply with Singapore laws and regulations, and the lawyer will issue professional legal compliance opinions.
2. Certificate of non-securitization of tokens: the lawyer issues a professional legal opinion stating in detail that the tokens issued by the project are not securities.