Singapore virtual currency Research Foundation
Publish: 2021-04-17 03:18:48
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.
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. 1. Mining doesn't require you to press e to watch animation to dig slowly. It's too slow. Take the ck's beak hoe to attack the ore directly. If you use double holding and attack speed dragon roar, you will become a rotating excavator
2. After a forward attack, if you continuously tap the left button, you will trigger a continuous infinite jump chop. Don't think it's a hidden move. In fact, it's just a light hit to damage the pit father bug of B club;
2. After a forward attack, if you continuously tap the left button, you will trigger a continuous infinite jump chop. Don't think it's a hidden move. In fact, it's just a light hit to damage the pit father bug of B club;
3. The biggest difference between Singapore foundation and ordinary company is that Singapore foundation is a non-profit organization, which is registered and managed by acra. The category of non-profit foundation is public company limited by guarantee.
4. First of all, you should ask the agent who registered the foundation for you before
Second, if the former agent can't do it, then you need to find another agent
thirdly, these things need to be done by professional lawyers and lawyers in Singapore
fourthly, legal opinion is a general term, which includes a lot of compliance
fifthly, if the price is low, it will cost hundreds of thousands to complete the whole set
sixth: what you don't understand is asking
Second, if the former agent can't do it, then you need to find another agent
thirdly, these things need to be done by professional lawyers and lawyers in Singapore
fourthly, legal opinion is a general term, which includes a lot of compliance
fifthly, if the price is low, it will cost hundreds of thousands to complete the whole set
sixth: what you don't understand is asking
5.
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:
-
without this document, you are not allowed to enter the stock exchange
-
the HKMA will check you
< / OL >
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
6. Hello ~ Yes, with the continuous emergence of new words such as bitcoin, blockchain, Weilian and ICO, cryptocurrency has aroused great attention. In essence, blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. It is the underlying technology of bitcoin. Singapore has always been very friendly to digital currency and related instries. It has become a consensus in the instry to do foundation coin issuance in Singapore, with high credibility. You only need to make legal opinions according to 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
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
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
7. Singapore, as the largest financial center in Asia, and its highly enlightened policy on blockchain and virtual currency, has become the best choice for the registration of blockchain and ICO development instries.
Singapore is famous for its stable and sound legal and financial environment, where it is safe and convenient to register funds. As a result, more and more companies choose to set up non-profit companies in Singapore. At present, China's popular blockchain business is very suitable to operate on the foundation nature of non-profit organization platform
the Singapore non-profit organization foundation is usually registered as a public company, which is a non-profit organization, and each member bears the guarantee liability. The overseas projects of the public welfare foundation do not need to pay tax, and the Inland Revenue Department of Singapore will not tax the local capital injection and investment.
Singapore is famous for its stable and sound legal and financial environment, where it is safe and convenient to register funds. As a result, more and more companies choose to set up non-profit companies in Singapore. At present, China's popular blockchain business is very suitable to operate on the foundation nature of non-profit organization platform
the Singapore non-profit organization foundation is usually registered as a public company, which is a non-profit organization, and each member bears the guarantee liability. The overseas projects of the public welfare foundation do not need to pay tax, and the Inland Revenue Department of Singapore will not tax the local capital injection and investment.
8. 1: Public image: easy to get public recognition, easy to raise initial funds, good impression and trust on investment publicity, too many projects come out and too few are distracted. With the foundation is also a show of strength
2: non profit organizations: laws and regulations do not allow indivials and companies to participate in the trading platform, but there are no prohibitive provisions on the investment objects of Foundations (non-profit organizations), so foundations can operate to raise funds to manage matters, and most projects have announced the establishment of foundations, In the past, investors may not understand the foundation, but now investors know it better than project owners. Therefore, the purpose of the foundation is obvious, and the actual registration is well documented and there are laws to follow
3: the foundation has no director or legal person - all expenses are spent in the name of the foundation, which can play a supervisory role and can not be traced back to the issuer. The company is established in the name of a group, and it is not someone who is doing this, so it reasonably avoids personal risks, and does not involve the responsible person of the lead
4. Reasonable tax exemption - since public welfare undertakings are only non-profit organizations and are not involved in collection, there is no tax worry, because no one will intervene
so how to register a foundation and what are the conditions? Take Singapore foundation as an example, not everyone can set up a foundation. For example, Singapore not only has clear requirements for the directors and shareholders of the foundation, but also has requirements for the registered address and registered capital of the foundation, The specific requirements are as follows: the process is as follows:
1: the name of the foundation. Note that this is not a company. The company is Foundation Ltd.
2: provide at least 3 members, one of whom is Singaporean.
(1) fill in the public welfare foundation (LTD) registration form
(2) fill in the name of Public Welfare Foundation (LTD): XXX Ltd
according to the relevant regulations of Singapore, the name of Public Welfare Foundation (LTD) must meet the market uniqueness, so it is better to give three public welfare foundation (LTD) names. Generally, the registration starts with the first name, for example, XXX Foundation Ltd. if the conditions are not met, the second name will be selected, and so on. If all of them can't be used, it's suggested to choose a new name
(3) fill in the operating business of Public Welfare Foundation (LTD): according to the relevant regulations of Singapore, each public welfare foundation (LTD) can register at most two operating businesses. Of course, one operating business is also allowed, because the Singapore government has stipulated various types of business. So you can provide the content of your own business, or let the agent help you choose a similar established business to register after confirmation.
2: non profit organizations: laws and regulations do not allow indivials and companies to participate in the trading platform, but there are no prohibitive provisions on the investment objects of Foundations (non-profit organizations), so foundations can operate to raise funds to manage matters, and most projects have announced the establishment of foundations, In the past, investors may not understand the foundation, but now investors know it better than project owners. Therefore, the purpose of the foundation is obvious, and the actual registration is well documented and there are laws to follow
3: the foundation has no director or legal person - all expenses are spent in the name of the foundation, which can play a supervisory role and can not be traced back to the issuer. The company is established in the name of a group, and it is not someone who is doing this, so it reasonably avoids personal risks, and does not involve the responsible person of the lead
4. Reasonable tax exemption - since public welfare undertakings are only non-profit organizations and are not involved in collection, there is no tax worry, because no one will intervene
so how to register a foundation and what are the conditions? Take Singapore foundation as an example, not everyone can set up a foundation. For example, Singapore not only has clear requirements for the directors and shareholders of the foundation, but also has requirements for the registered address and registered capital of the foundation, The specific requirements are as follows: the process is as follows:
1: the name of the foundation. Note that this is not a company. The company is Foundation Ltd.
2: provide at least 3 members, one of whom is Singaporean.
(1) fill in the public welfare foundation (LTD) registration form
(2) fill in the name of Public Welfare Foundation (LTD): XXX Ltd
according to the relevant regulations of Singapore, the name of Public Welfare Foundation (LTD) must meet the market uniqueness, so it is better to give three public welfare foundation (LTD) names. Generally, the registration starts with the first name, for example, XXX Foundation Ltd. if the conditions are not met, the second name will be selected, and so on. If all of them can't be used, it's suggested to choose a new name
(3) fill in the operating business of Public Welfare Foundation (LTD): according to the relevant regulations of Singapore, each public welfare foundation (LTD) can register at most two operating businesses. Of course, one operating business is also allowed, because the Singapore government has stipulated various types of business. So you can provide the content of your own business, or let the agent help you choose a similar established business to register after confirmation.
9. 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. It has become an instry consensus to issue money on the foundation in Singapore. It has high credibility. You only need to make a legal opinion according to the regulations. There is no problem in issuing money. 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 (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: in order to comply with MAS regulation, the stock exchange should provide legal opinion to issue token certificate of non securities nature in accordance with Singapore regulation
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, 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.
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: in order to comply with MAS regulation, the stock exchange should provide legal opinion to issue token certificate of non securities nature in accordance with Singapore regulation
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, 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.
10. Singapore is the choice of many well-known ICOS. Ordinary companies with the nature of securities and futures are easy to be supervised by the HKMA. The nature of ordinary companies is for-profit and not accepted by the international public. Non profit foundations are public guarantee companies. Lawyers will also issue corresponding legal opinions on blockchain projects
requirements for registration of Singapore foundation
1. Name of the foundation: English name (ending with Foundation Ltd.)
2. Identity cards of three directors are required, two of them are provided by themselves, and the other is a registered director of Singapore nationality
3. Business scope
4. Registered address in Singapore
5. Registration time: 10 to 25 days
as for post maintenance, after the first anniversary of Singapore company registration, whether there is an account or not, it needs to be reviewed annually, and the cost of accounting and tax declaration is confirmed according to the bank account flow.
requirements for registration of Singapore foundation
1. Name of the foundation: English name (ending with Foundation Ltd.)
2. Identity cards of three directors are required, two of them are provided by themselves, and the other is a registered director of Singapore nationality
3. Business scope
4. Registered address in Singapore
5. Registration time: 10 to 25 days
as for post maintenance, after the first anniversary of Singapore company registration, whether there is an account or not, it needs to be reviewed annually, and the cost of accounting and tax declaration is confirmed according to the bank account flow.
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