Singapore virtual currency registration
token with the Singapore foundation for blockchain registration? Do you use the offshore company to control the Singapore entity or the Singapore entity to control the offshore company
1. The main role of offshore companies in token issuing structure: privacy protection and tax planning; The comparison of the two different holding structures is as follows:
structure 1: Singapore non-profit CLG holding offshore company
structure 2: offshore company holding Singapore PDE Ltd
in structure 2, using offshore main body to hold Singapore private limited company, there is a high risk of being refused to open an account in Singapore Corporate Bank
topic 3: after the issuance of token, How to deal with the problem of capital liquidity? How to deal with accounting and auditing
although Singapore's banks are still in a highly sensitive state in opening bank accounts for digital currency related businesses e to their inability to handle the fixed source of funds, KYC / AML barriers, and MAS's support and encouragement for financial innovation, Singapore is still the most friendly international financial center for digital currency instry among the coastal countries. The main problems of token change in banks are all caused by the unknown large amount of funds recorded in accounts
in the later operation of token issuance, four problems need to be treated carefully
1) the choice of the country where the operator is located: the company tax of the country, the friendliness to digital currency and the policy trend should be considered
2) to open a public bank account, the operator should obtain professional account opening guidance to avoid rejection
3) compliance operation in the process of token realization: it needs a compliant trading partner without regulatory risks to conct transactions, so as to avoid the bank account being closed
4) daily financial and tax work of operation entities: timely obtain professional service guidance, and strictly carry out daily accounting and tax audit report work
please accept if you are satisfied, thank you~
Of course, we can, but what we need to register is a public non-profit company. If it's an ordinary private limited company with the word "foundation", we can't help it
if you want to issue virtual tokens in Singapore formally and legally, legal opinions are also indispensable
there are two reasons:
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without this document, you are not allowed to enter the stock exchange
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the HKMA will check you
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speaking of this, it is suggested that you choose a formal agent to register the compliance foundation, because it will directly affect the price of the later legal opinions, and the price difference will be enough for you to re register a foundation. Before registration, ask clearly and consider it comprehensively
in order to issue currency, the Singapore foundation needs to prepare for the establishment of the Singapore foundation and the submission of legal opinions on compliance
the requirements for registering a Singapore foundation are as follows:
divided into non-profit public foundation company and ordinary Singapore private limited company
to do projects to issue digital currency, it is suggested that non-profit public foundation company can be used (non-profit can be used as a legal opinion), better customers can make investors trust more easily
our company can do legal and fair documents
1; All capital letters in English can be abbreviated and the suffix is limited company. The middle of the end can be added to establish or fund; One can provide ID card, two need to provide passport address proof, suggest two people
3, registered capital, suggest one new currency, less registered capital can be increased, more registration need to pay tax
4, business scope, within the scope of blockchain, you can choose (two) or more, only two
5, registration time will be displayed on the registration paper, About 10-15 working days
after the annual review, once a year, there will be a new registration paper after the annual review
one company name and two registrants' ID cards are required to register the Singapore non-profit public foundation
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
in order to issue currency, the Singapore foundation needs to prepare for the establishment of the Singapore foundation and the submission of legal opinions on compliance
how to set up the Singapore foundation
1: the name of the foundation is (Foundation Ltd.); 2: Provide identification and address proof of at least 2 members (Singapore member, provided by our company and 1 by the customer himself); 3: The registered capital of non-profit organization is S $1; 4: Registered address (provided by our company) 5: new party lawyer auditor guarantee (provided by our company) 6: New Party Secretary (provided by our company) 7: new party registered member (provided by our company) business scope 1, development of other software and programming activities n.e.c.2 Software consultation (the basic scope of blockchain ICO is both of these two) needs 3-5 weeks to register with the registered capital of SGD 1 (only SGD 1 according to the regulations of non-profit government); After signing and submitting the registration application, you can inquire about the establishment of the company online within 2-3 working days, and obtain a complete set of documents such as certificates and seals within 3-5 weeks
legal opinion:
the registration of a foundation is only the first step, and the most important thing that needs to be done next is the registration of a foundation&# 8204; It's the rules. The legal opinions needed by the stock exchange are actually a general term, which includes more about the white paper and token reporting, private equity compliance and so on. The white paper is also equivalent to our usual business plan. After it is written, it needs professional Singapore lawyers to modify it to make it conform to Singapore's laws and regulations. We write white papers for three main purposes. First, report to MAS in Singapore, and you will not be afraid of being investigated in the future. Second: to convince investors that the company is legal and compliant, so that investors can rest assured. Third: the exchange needs to use. There are also token filing (non securitisation certification filing) and Singapore lawyers making MAS to prevent the monetary authority of Singapore from verifying the compliance of private placement sales.
how much does it cost to register the Singapore foundation
at present, there are two packages for Singapore foundation registration in the market, one is simple Singapore foundation registration, the other is compliance Singapore foundation registration. What's the difference between the two
1. Simple foundation registration: the registration process is simple, the documents are not complete, and it is proced in China
2. Registration of compliance Foundation: the registration process is compliant, the documents are complete and guaranteed by lawyers, the documents are issued by the Singapore registration authority, and the lawyers apply for and issue them to China
if you make a blockchain ICO only for investment, no matter which one you register, it will not affect you, but you need to issue money to the exchange later. As far as we know, some well-known exchanges will need relevant legal compliance opinions. Different packages of registration directly affect the price of later legal opinions
the registered foundation is a simple foundation. Due to the incomplete documents, lawyers bear high risks and the price of legal opinions is very expensive
the compliance foundation is registered in the early stage, and the price is much cheaper when the legal opinion is needed in the later stage.
At present, the supervision is relatively strict when setting up a foundation to issue money on the exchange. However, Singapore has always been very friendly to digital currency and related instries. At present, digifinex, cointiger and dragonex exchanges, which are well-known in the world, are all set up in Singapore. It has become an instry consensus to issue money on the foundation in Singapore with high credibility, You only need to make a legal opinion according to the regulations. There is no problem in issuing currency. Many of our customers have successfully operated it
in order to issue currency, the Singapore foundation needs to prepare for the establishment of the Singapore foundation and the submission of legal opinions on compliance
how to set up the Singapore foundation 1: the name of the foundation is noted as (Foundation Ltd) ICO legal opinion. In order to comply with MAS supervision, the stock exchange needs to provide: legal opinion: legal opinion to issue token non securities Certificate in accordance with Singapore regulations white paper: white paper legal compliance lawyer's opinion: prove that the project is legal and does not touch or violate any existing Singapore regulatory regulations purchase agreement: according to the requirements of Singapore regulations, the private placement terms for raising funds by issuing token of the project are issued Singapore law governed terms, conditions for public not everything needs to be done. If you don't issue currency, you only need to do the first two. If you want to issue currency, you need to do all of them< br />
2: provide ID cards, passports or identity certificates of at least three members (one Singapore member provided by our company and two members provided by our customers)
3: the registered capital of a non-profit organization is S $1, and there is no share proportion (who can be authorized as the legal representative in the later stage)
4: registered address (provided by our company)
5: guarantee of new party's lawyer and Auditor (provided by our company)
6: Secretary of new party (provided by our company)
7: registered member of new party (provided by our company)
business scope
1. Development of other software and programming activities n.e.c.
2 Software consultation (the scope of blockchain ICO is basically these two)
registered capital
s $1 (non-profit government stipulates that only S $1)
registration takes 3-5 weeks; After signing and submitting the registration application, the company's establishment can be inquired online within 2-3 working days, and a full set of documents such as certificates and seals can be obtained within 3-5 weeks: