Bank blockchain issuance fund

1. What are the connections between the blockchain and the foundation and what problems will they encounter?
when many people are doing blockchain, they usually register a foundation to run with ordinary companies. Compared with Singapore foundation, what are the common problems when they register a Singapore foundation to do blockchain, Below, we will sort out and share some of our customers' concerns with you
1. Does the registration fee include the cost of the white paper
A: No, the legal adviser is a personalized business, and the fee depends on the project. The legal adviser can provide services in the whole process. Including the revision of the legal provisions of the white paper, and the issue of professional legal opinions on relevant laws and regulations such as the non securities nature of the token. ICO is the legal consultation in the process of issuing currency

2. About the Singapore foundation. Why should there be a company to operate and what is the relationship with the foundation? Why not register a company directly for ICO and exchange docking
A: the foundation is a public welfare organization and a public sector. It is more concive to attract investment and technology development to use the foundation to issue blockchain. It can also be directly ICO through ordinary companies. It depends on how customers want to operate
3. Isn't ICO a way to raise funds?
A: Yes. Participate in the crowdfunding of the project with the existing real value currency, and exchange for the new cryptocurrency issued by the project. The advantage of fundraisers is that they get the funds to carry out the project, while the participants want the project to be successful. In this way, the newly issued cryptocurrency in their hands is likely to appreciate and arbitrage. The so-called ICO means that investors use bitcoin and other ready-made virtual digital currencies to exchange for new tokens issued by ICO projects. Because there are few new currency owners and the price fluctuates greatly, the selling price on the exchange is likely to be much higher than the issuing price. The sponsors of ICO project use the traditional digital currency to exchange RMB and other legal currencies in the exchange, and then put them into the designated technical projects
4. Why not raise funds through common channels
A: the threshold of common channels is low, and there is no regulatory department. The risk is high
5. How to set up an exchange
A: you can choose an exchange according to your own situation. Generally, you should have strong experience in digital asset security management. There are many platforms
6. Why do you need to make a legal opinion
according to Singapore's financial law and securities law, if a virtual currency with securities nature needs to apply for a special financial license, so it needs to prove that the project does not contain securities nature, it needs a lawyer to issue a legal opinion on the non securitization of token and a legal opinion on compliance of white paper to prove the legality and compliance of the project, both of which are required by most customers
7. How can a registered Singapore foundation open an account in a bank
first of all, there is no need to open an account for a registered public non-profit foundation, and it is useless to open an account because the nature of the foundation itself is non-profit. When it comes to the next year's audit, can't it explain the income and expenditure of the bank account with the monetary authority? Second, the bank has a choice of customers. If the bank is told to do blockchain, the bank will not accept opening an account; Third, whether it's private placement or public offering, all the money raised are virtual currencies like Ethereum bitcoin. Ordinary bank accounts can't accept these currencies, so I don't recommend opening an account in a bank.

2. Blockchain is a large-scale and decentralized economic organization mode realized by a group of technologies. Blockchain has attracted wide attention because it has changed the original economic organization mode in many fields. People are now exploring the application of blockchain in various fields of economy. In essence, they are looking for new ways to use blockchain to adjust or innovate the original economic organization of enterprises, instries and regions, and to rece costs and improve revenue. As an economic organization mode, blockchain can be extended downward to its implementation technology, and upward to its impact on social organization and social consciousness, which makes it easier to understand the complex social impact brought by blockchain
at present, the issue of currency has been banned in China, but the overseas policy is loose. However, companies that do blockchain technology will require the issuer to rely on the main company before they can cooperate. Therefore, most of the blockchain instry have registered a main foundation
foundations can be registered in the United Kingdom, the United States, caiman, Singapore and even Malta. What are the differences between these regions? Britain and the United States are now mainly engaged in non-profit foundations, similar to domestic social organizations. It is no problem to raise money to avoid tax, but it is impossible to issue money to do legal compliance; The Kaiman foundation, also known as the limited partnership (ELP), is composed of a general partner (GP) and one or more limited partners (LP). The cost of such a combination is bound to increase. At present, some large groups such as Alibaba, Jingdong and network have chosen it for listing; As for Malta, the policy is extremely unstable, and even the collection of money is subject to Chinese sanctions, so most people are "deterred"
so now Singapore is still the center of blockchain settlement, which is mainly e to Singapore's loose economic environment and good policies. The first place to register a foundation in Singapore is close to China. If you have any news, you can control it in time; Second, Singapore's non-profit foundations are tax-free; Third, the choice of the public. Many well-known token issuers choose to register with the Singapore foundation first; Fourth, the issuance of tokens requires legal compliance. Singapore has a very perfect service system
information required for registration of Singapore Foundation:
ID cards (scanned copies) of one or two registrants, who have no criminal record in Singapore and have reached the age of 18
2. Company Name: end with Ltd. and add Fund / foundation
3. Registered capital: S $1, stipulated by the government
4. Company nature: public guarantee (non-profit)
5. Registration time: 10-25 working days.

3. In order not to let you control the sovereignty, if you hold two companies, what you say is in charge, if you say it is expensive, if you say it is cheap, it is cheap

4. Compared with companies, it is more appropriate for blockchain to set up a foundation. Blockchain is a decentralized technology, and the company is a power center organization. There is no need for a legal person to supervise the finance of a foundation. The foundation raises initial funds for blockchain projects, but for non-profit transactions.

5. Non profit foundation is suitable as the main body of the project

6. yes. New Baojun RS-3 is equipped with the instry's first new Baojun vehicle networking system, which achieves the al combination of "intelligence" and "control". Mobile phone remote car searching, vehicle starting and air conditioning can be completed in advance, and mobile phone car control is more intelligent
New Baojun RS-3's new Baojun vehicle networking system has stronger intelligent networking technology and faster response. It can be on-line 24 hours a day and has a mobile phone like operation experience. In terms of voice, xinbaojun's car networking function breaks the cognitive boundary and gives full play to the computing power of mobile phones. It is extremely fast and does not get stuck. Its response speed is nearly 20 times faster. It can send and receive wechat messages by voice control, and long voice can be instantly converted into text. Intelligent voice AI has accurate voice recognition, which truly enables intelligent life. As a new generation of intelligent connected vehicle, xinbaojun RS-3 has excelled its peers in appearance, appearance and intelligent configuration.

7.

first of all, clarify the relationship between the registrant and the project investor, mainly whether the investor wants to participate in the operation of the foundation

if not, it's very simple. In order to avoid conflict, provide two registrants to ZhuoZhi

if you want, investors can first register an overseas company as a director of the Singapore foundation, and then provide another person who has nothing to do with the project

overseas companies can be registered in the archipelago countries: companies of caymann, Marshall and BVI, and the information is confidential. Now many companies registered with Singapore foundation operate in this way, adopting this 1 + 1 mode, one natural person Director + one company director. Better risk aversion

registration process:

1. Foundation Name: English name (ending with Foundation Ltd.)

2. Identity cards of three directors (one Singapore member is provided by ZhuoZhi and the other two members are provided by themselves)

3. Business scope: 62019 development of other software and programming activities n.e.c.

62022 software consultation

4 Registered capital: no capital verification, minimum S $1, no ceiling

5, company secretary (ZhuoZhi as the licensed Secretary)

6, Singapore registered address (provided by ZhuoZhi)

7, registration time: 10-25 days

2, about opening an account:

first of all, make clear whether the investor is raising legal currency or virtual currency. No matter what it is, there is no need to open an account in Singapore. You can't open an account in RMB or virtual currency

secondly, in view of the nature of the foundation is non-profit for the public, it is necessary to explain the bank flow when opening an account and make trouble for yourself

then, the banks are always conservative, and the companies in the blockchain instry will not pass the audit

8.

Since the ban of ICO in China last year, the target financing amount of many projects in the market has shown a decreasing trend. Therefore, sto has become a way out for many blockchain projects financing and is popular in the market. To a certain extent, this new financing method improves the liquidity of asset transactions and shortens the financing cycle

however, some people pointed out that sto is a security after all, which has uncertainty and cannot be decentralized. The essence of the practical token issued by ICO is money, which is legal in most countries without strong supervision

the future trend is not clear. Now it is still overseas or the mainstream is ICO. Issuing compliant tokens requires overseas main companies. At present, as the best settlement center, Singapore's tax-free policy is also a big attraction. According to the requirements of acra, the, Registration of Singapore public non-profit foundation has the following preparation materials:

provide the name of Singapore Foundation: end with Ltd. and add Fund / foundation

provide the ID cards (scanned copies) of two directors, and the other director with Singapore nationality will be provided by our company
registration time: 10-15 working days

registered address: the registered address of Singapore foundation is provided by our company

registered capital: 1 Singapore dollar, no capital verification, no additional

after the foundation is registered, Singapore lawyers will issue ICO compliance legal opinions according to the needs of the exchange, which can also prevent the supervision of the Singapore monetary authority

9.

now the blockchain instry is in full swing. A good platform can provide the market value of tokens. What preparations do you need to do to issue a token? Let's not talk about technical support. This article focuses on the registration of the main company of the project. According to the instry experience, the public non-profit foundation of Singapore can normally do ICO and ICO platform. According to the local laws of Singapore, the public non-profit foundation's overseas projects do not need to pay tax to the Singapore Inland Revenue Department, The Inland Revenue Department of Singapore will not tax local capital injection and investment

1. Information required for registration of Singapore public non-profit foundation:

provide the name of Singapore Foundation: end with Ltd. and add Fund / foundation

provide the ID cards (scanned copies) of two directors, and the other director with Singapore nationality will be provided by our company
registration time: 10-15 working days

registered address: the registered address of Singapore foundation is provided by our company

registered capital: 1 Singapore dollar, no capital verification, no additional

2. Legal opinions on token compliance issued by the Singapore Foundation:

are mainly white paper compliance and token non securities compliance. First, legal opinions are issued by lawyers reported by the Singapore monetary authority, so are they approved by the HKMA to prevent future supervision. Second: convince investors that the project is legal and compliant, so that investors can rest assured To prove the legality and compliance of the project). Third: it needs to be used when going to the exchange platform

the white paper of the project and the documents of the company are required to issue the legal opinions

10. Nowadays, under such a loose economic regulatory environment in Singapore, it is very important whether the nature of digital token issue has non security attribute. 9.19 at the Singapore coindesk consensus conference, there are three types of tokens in Singapore: application token, payment token and security token. The regulations on the supervision of various tokens are also different
the monetary authority of Singapore has also announced an important piece of good news - it is testing the central bank currency based on blockchain technology and can be used for inter-bank settlement. For project investors, there is a shortcut to how to issue blockchain technology tokens in Singapore: register the Singapore public non-profit foundation to prove that the token is non securities, and then issue it.
the process of registering the Singapore foundation is as follows:
1. Provide the English version of the name of the foundation, and use it after passing the name search
2. Provide the ID cards of three registrants, one of whom is required by the registration board to be a director of Singapore nationality
3. Registered address in Singapore
4. Business scope of the foundation (optional)
5. Registered capital: S $1, no capital verification
6. Registration time: 10-25 working days
in addition, the Singapore registered foundation also needs a local business secretary, lawyer and auditor. After the foundation is registered, it needs to make legal compliance for the issued token, that is, to prove that the token does not have the nature of securities and futures, which can better prevent the supervision of the HKMA.