Ethereum foundation of Singapore

1.

Ethereum Community Foundation (ECF) is a non-profit organization. Its original idea was to give community projects a bonus to support incubation of early projects and research. Then in 2018, omisego, Golem, status, maker, Web3 (Polkadot), cosmos and ef (Ethereum Fund) were set up in Tokyo as consultants

ECF 2.0 is the upgrade of ECF, which has two core goals:

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coordinate community relations through various harmonious ways, such as bonus, strategic and business support, and community activities

in order to become an open capital network, ECF emphasizes its initial vision, which is to form a network with various funds to realize the support and contribution to the community

In addition, ECF 2.0 upgrade will not only support non-profit infrastructure projects, ecation programs, instrial community activities, but also support application and tool development, and even commercial projects

2. 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.

3. The registration procere is relatively simple: provide the English name of Singapore foundation and the certificate information of the registrant, which can be completed in about one month

4.

Of course, you can go to his home!! Singapore stipulates that non-profit organizations do not need to register capital or pay taxes, but they need to obtain the approval of acra. To register a public guarantee limited company in acra, the following information should be provided:

A. Company Name: the names of several foundations of non-profit organizations should be drawn up. Generally, the word "foundation" should be included, and the end of the company should be limited

B. directors and shareholders: two Singaporean directors and two shareholders are required to provide their passport or scanned of identity, address, etc

C. business scope: two business items can be selected (profit-making items cannot be selected)

D. registered address: provide the local office address in Singapore

E. Company Secretary: the statutory licensed Secretary of Singapore must be appointed

it can be found from the information required for the registration of Singapore foundation that it is generally difficult for domestic enterprises or indivials to provide shareholders, directors, office addresses and Legal Secretaries in Singapore, so the most common practice at present is to seek the assistance of an agent in Singapore

Singapore foundation application process

the process of applying for a foundation from our company is very simple. Because a Singapore public company belongs to a non-profit organization, the applicant does not need to prepare registered capital. The only solution is to provide registration information to prove the legitimacy of the foundation. The general application process is as follows:

1 Entrust an overseas agent to submit the proposed name of the foundation to the accounting and business control authority of Singapore for verification, so as to ensure that there is no plicate name

2. Sign the entrustment application agreement and make the relevant application documents by the agent

3. The agent will submit the prepared statement of ultimate beneficiary, articles of association of Singapore public company, form45 director Qualification Statement, form24 shareholder statement, director shareholder status report and other documents to the directors for signature, and then submit them to acra Singapore for review. Generally, the company registration can be found online within 2-3 working days, The foundation registration certificate issued by acra can be obtained within 7-10 working days

4. After the processing is completed, we can start to launch the world-famous blockchain platform (such as Ethereum, one of the most popular blockchain platforms at present)

although the application process of Singapore foundation is relatively simple, after the foundation is registered, it needs to entrust the licensed Secretary to conct annual inspection and audit every year, and the audit depends on the business situation of the foundation

5.

Just provide the following documents:

1. certificate of registration

2. registration paper

3. articles of association

4. white paper (both Chinese and English)

5. actively answer lawyers' questions

6. < / OL >

   let me introce the legal opinions of lawyers on blockchain projects:

   1 Legal opinion with token certification of non securities nature

   2. White paper legal compliance lawyer opinion

   3. Private placement terms

   4. Public offering terms, website publicity and disclaimer

   5. Preparation of English white paper

   6, Scheme design and resource docking

   7. Service documents between fundraising entity (Foundation) and operation entity

6.

Hello
to issue a legal opinion, Singapore should first register a Singapore foundation, and provide the registration certificate, registration paper and articles of association of the Singapore foundation, including the project white paper
What are the contents of the Singapore legal opinion:

1. White paper compliance: to prove that the project is in compliance with Singapore regulations; Prevent MAS (monetary authority of Singapore) investigation; It needs to be used when going to the stock exchange
2. Token non securitization proof: to prove that the project is non securitized and has been shut down by MAS e to securitization. Report to MAS to prevent MAS investigation
3. Compliance of private placement terms of sale: proving that the private placement and sale before going to the exchange are compliant
4. Compliance with the terms of public offering: it is equivalent to a promise made to the majority of investors after going to the stock exchange to increase the confidence of investors< br />

7. Since the beginning of 2017, Ethereum Asia Pacific Ltd and litecoin Foundation Ltd, the representative projects of blockchain, have successively set up public Guarantee Co., Ltd. in Singapore as a non-profit foundation to manage the global community operation of their open source projects, and many token issuance projects have followed similar practices, Come to Singapore to register a similar structure and operate token issuance
one company name and two registrants' ID cards are required to register the Singapore non-profit public foundation

8. Why does the Singapore foundation of blockchain make a legal opinion? How to open an account in the later period

first of all, it is unnecessary for you to register a public non-profit foundation, and it is useless to open an account, because the nature of the foundation itself is non-profit, and you can't explain the income and expenditure of the bank account with the monetary authority in the next year's audit. Second, banks do not accept opening accounts for blockchain projects; Third, whether it's private placement or public offering, the virtual currency raised by you is Ethereum bitcoin. Ordinary bank accounts can't accept these currencies, so there are no customers opening accounts at present
legal opinions can be divided into the following aspects
(1) token non securities compliance legal opinion
(2) white paper compliance legal opinion
(3) private placement and sales terms compliance legal opinion
(4) public offering sales terms compliance legal opinion
Why do we need to make 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

if there is anything missing or the description is not in place, you can contact me, hoping to help you

9. Hello, I'm glad to answer this question
Singapore is famous for its stable and sound legal and financial environment. It is a safe and convenient choice to register funds here. As a result, more and more companies choose to set up non-profit entities in Singapore. At present, the popular blockchain business in China is very suitable to operate on the foundation type non-profit organization platform
recently, blockchain has developed very well in China, causing a lot of investment, which should be paid attention to. Today, the editor of ZhuoZhi enterprise will explain to you what we need to pay attention to when registering Singapore blockchain companies as agents in China? Since the conflagration of blockchain ICO, many people have chosen to register the main public guarantee company (Singapore Foundation) in Singapore. What attracts these blockchain ICO projects in Singapore? First of all, the Singapore government supported the development of blockchain ICO at the very beginning; Secondly, Singapore has perfect laws on blockchain ICO and can provide relevant legal services in the later stage; Thirdly, the registration price in Singapore is moderate; Finally, the main companies of some money circle tycoons are the Singapore foundation
next, let's talk about how to open the bank account of Singapore foundation
1. What information is needed to register the Singapore foundation
it's very easy to register Singapore foundation here. You only need to provide a company name and the ID cards of two registrants, and a scanned . It takes 10 to 25 working days
2. How much is the registration fee of Singapore foundation&# 8203;
this mainly depends on what kind of projects you want to do when you register a foundation. For example, when you register a foundation in accordance with the requirements, the price will be much cheaper when you register a foundation for legal opinions
3. Can Singapore private limited invest in blockchain
it's hard to say. Generally, we don't recommend customers to register private companies for blockchain. First of all, some well-known enterprises, such as lightcoin and Biyuan chain, are registered foundation companies. Second, for ordinary companies, lawyers can't make legal opinions. If they need legal opinions in the future, they can't do it. The difference between the two kinds of companies is not much, so you'd better register a public company
4. 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
5. What information do you need for a legal opinion
including some information about the subject of the project: registration certificate, registration system, articles of association, English version of the white paper (if this is the Chinese version now, we can provide translation and modification services)
6. Can't we register foundations in other regions
of course, we can also register with foundations in the United Kingdom, the United States, caiman, and Malta, mainly because, first of all, many well-known enterprises, such as lightcoin, Biyuan chain and quantum chain, are registered with foundations in Singapore, so many customers choose to register here. Second, if you need to make a legal opinion on the subsequent exchange, Singapore has perfect laws and regulations, and there is a special lawyer to give you a legal opinion. There is no lawyer in other places of registration to do this. Therefore, if you want to go to the exchange later, it is better to register the Singapore foundation
7. How can a registered Singapore foundation open an account in a bank
it is not necessary for you to open an account to register a public foundation, and it is useless to open an account because the foundation itself is non-profit in nature. When the next year's audit comes, can't you 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, the virtual currency raised by you is Ethereum bitcoin. Ordinary bank accounts can't accept these currencies, so I don't recommend you to open an account in the bank
8. What files will be available after the customer has registered
the complete documents include: Registration Certificate (this is equivalent to business license), registration paper, articles of association, official seal, steel seal, lawyer's document, company establishment announcement, registered address announcement, authorization document of new party's registered director, authorization document of new party's commercial secretary, first board meeting, CD-ROM, folder and document box< br />