Why did the blockchain project choose the Singapore Foundation?

The first stop of blockchain project compliance Singapore Foundation

Introduction to Singapore

Singapore, the full name of the Republic of Singapore, is an island country in Southeast Asia. Singapore is a multicultural immigrant country, and promoting racial harmony is the core policy of the government. Singapore, known for its stable political situation and clean and efficient government, is one of the most international countries in the world. Singapore is a developed capitalist country in Asia, known as one of the "Four Little Dragons of Asia", and its economic model is called "state capitalism". According to the 20 14 Global Financial Center Index (GFCI) ranking report, Singapore is the fourth largest international financial center after new york, London and Hong Kong, and one of the important service and shipping centers in Asia. Singapore is a member of the Association of Southeast Asian Nations (ASEAN), the World Trade Organization (WTO), the Commonwealth and the Asia-Pacific Economic Cooperation (APEC). The legal tender is Singapore dollar (SGD).

Why set up a foundation in Singapore?

Because according to the current international situation of 156, many countries have raised the entry threshold for setting up foundations by 699 1, and the number of areas that can successfully set up foundations has been decreasing by 3,780. There are only a handful of areas that can legally operate foundations, and they can successfully set up foundations, operate legally, and avoid taxes reasonably. Singapore is the first choice, such as the super-rich Mr. Ma Yun, after he announced his withdrawal from Alibaba. After giving up the ownership of Alibaba, he focused on charitable funds, and his fund company was established in Singapore. This is not just an unintentional decision, which means that Singapore is a good place to set up a foundation. What Ma Yun has done is a weather vane of an industry, which indicates that the fund industry will reach a new peak.

Listed companies (foundations)

Since the ico fire in the blockchain, many regulatory policies have been introduced. The ICO ban on September 4th last year made many people choose to register a major public guarantee company (Singapore Foundation) in Singapore. What attracts these people who are doing blockchain ico projects in Singapore? First of all, the Singapore government supported the development of blockchain ico from the beginning; Secondly, Singapore's laws on blockchain ico are relatively perfect, and relevant legal services can be provided later; Thirdly, the registration price in Singapore is moderate; Finally, some big companies in the currency circle are owned by the Singapore Foundation, such as Huobi, Bitland, Hangbabit, Vechain, Quantum Chain (QTum) and AELF (formerly Grid).

Listed companies (foundations) have the following characteristics:

1. Independent legal entity;

2. Limited liability: Joint liability is the biggest guarantee promised by each member;

3. No shares, no share capital;

4. The articles of association need to specify the upper limit of each member's responsibility;

5. Non-profit: at first, it was mainly aimed at non-profit organizations;

6. Do not participate in the distribution of benefits.

Eight advantages of registering a Singapore company

1, with excellent geographical location;

As an international entrepot trade center, Singapore has an efficient and convenient port and air transport industry. Investors can use Singapore as a stronghold to explore the Asian market, or as a window to explore overseas markets.

2. Enhance the international brand image;

In Asia, Singapore has become a one-stop center for enterprise intellectual property asset management. From the creation, protection and utilization of intellectual property rights, Singapore can add value to enterprises in all high-end links of a set of intellectual industry activities, thus improving their international visibility and competitiveness.

3. Advantages of international trade;

Singapore is a territorial taxation country, and Singapore companies can realize real offshore trade without paying taxes when operating overseas.

4. Tax rate advantage;

Singapore's taxes are simple and clear, and there are many preferential tax policies. In addition, Singapore has signed double taxation avoidance agreements with more than 50 countries, including China.

5. Advantages of ASEAN;

As a core member of ASEAN, Singapore can enjoy zero-tariff free trade in 10 ASEAN countries, and its export products also dominate the European and American markets, which can effectively avoid trade barriers.

6. Enjoy policy advantages;

The Singapore government welcomes investors from all over the world to regard Singapore as a springboard for strategic development, thus formulating a series of preferential policies. Therefore, companies established in Singapore can enjoy the policy support of the local government.

7. Asset internationalization and international financing advantages;

Companies headquartered in Singapore can take advantage of the local diversified capital market and enjoy high-quality financial services provided by more than 500 local or foreign financial institutions.

8. Advantages of immigration opportunities for Singapore immigrants;

Singapore companies operate locally, and entrepreneurs get the opportunity to stay permanently when their families move to Singapore, realizing the double value-added of enterprises and families.

Requirements for registering the Singapore Foundation

1. Company name: The name of Singapore Foundation ends with FOUNDATION LTD;

2. Registered address: Singapore Foundation must provide local registered address in Singapore (provided by us);

3. Scope of business: Singapore Foundation can choose up to 2 business projects (we provide business scope and suggestions for your reference);

4. Registered capital: The minimum registered capital of Singapore Foundation is 1 yuan, with no upper limit;

5. Company directors: The directors of Singapore Foundation must be natural persons aged 18, and there must be new directors;

6. Shareholder qualification: There is no restriction on the shareholder composition of the Singapore Foundation, which can be a natural person or a company;

7. Business Secretary: The Singapore Foundation must appoint a business secretary.

information needed

1. A complete foundation application form (provided by us);

2. Copies of directors' passports and identity cards;

Documents obtained after registration with Singapore Foundation

A set of registration materials for 1

2 business license

3 announcement of establishment

4 company registration documents

5 Director's authorization document

6 registered address file

7 Resolution of Board of Directors