How to register a blockchain member
when we say whether it's legal or not, we mainly talk about blockchain coin issuing, not registration. Officially, because of concerns about legal compliance, most blockchain issuers will submit legal opinions, especially the non securitization proof of token
at present, many enterprises set up Foundation Ltd. (Foundation) in Singapore because ICO is a new financing mode of digital currency, such as bitcoin, which is based on blockchain by issuing digital encryption token
What are the conditions for registering Singapore Foundation:
1. Provide the name of Singapore foundation ending with Foundation Ltd
2. Provide a member's ID card and passport
3. Provide a witness's ID card
4. Business scope of Singapore company
5. Members and witnesses hold ID card or passport photo
Singapore blockchain ICO company
according to the analysis of market results, at present, 70% of the companies registered in Singapore are public companies, and 30% are private limited companies in particular, there is no legal entity in Singapore called "foundation". What we usually call registered Singapore foundation refers to the type of public company Singapore public company: 1. Independent legal entity
3. No shares or share capital
4; Articles of association) to clarify the upper limit of each member's liability
Non profit: initially, it was mainly for non-profit organizations6
the company needs at least 2 company officials. At least one director must be Singaporean or permanent resident (Bajie can provide)
Singapore private limited company:
1. At least one shareholder and at most 50 shareholders can be natural persons and companies
2. At least one local director and one legal secretary (not the same person, Bajie can provide them)
3. Limited liability4
Three years before the establishment of the company, the profits of the first 100000 Singapore dollars are exempt from corporate tax, the tax rate of the company within 300000 Singapore dollars is 8.5%, and the tax rate of the part exceeding 300000 Singapore dollars is 17%is Singapore blockchain ICO a public company or a private limited company? What are the conditions
registration conditions and fees of Singapore public company:
1. Company Name: English only, company type is public guarantee limited company, ending with Ltd. or limited
Registered capital: there is no registered capital, but each member will pay in S $13. Members of directors: the requirements of directors are the same as those of ordinary companies, but there are no shareholders
Registered address: Bajie can provide Business scope: at most 2 main business activities can be selected (generally computer software, network, information technology, etc.) Legal secretary of the company: Bajie can provideregistration time: 4-6 weeks
registration conditions and fees of Singapore private limited company:
1. Company Name: English only, company type is private limited company, ending with PTE. Ltd
2. Registered capital: there is no need to verify the capital. The minimum is S $1, the maximum is S $500000, and the annual fee of Singapore business alliance is required
3. Directors and shareholders: at least one scanning of passport + ID card (address proof) of directors and shareholders shall be provided, and non Singaporean shall register. If an account needs to be opened later, at least two directors (except Singaporean local directors) shall be provided for registration
4. Registered address: local registered address in Singapore (available from Bajie)
Business scope: at most two main business activities can be selected (generally, the business scope of computer software, network, information technology, etc.) Legal secretary: provided by our companyregistration time: usually 3-4 weeks
note: after the registration of general for-profit foundation, there is no need to audit if there is no bank account, while the annual inspection and audit of non-profit foundation must be done every year after the registration
after the Singapore blockchain ICO company established the Singapore foundation, if it wants to issue currency, it will also involve four certificates:
1. White paper compliance: to prove that the projects undertaken by the foundation are in line with Singapore regulations, to prevent MAS (monetary authority of Singapore) investigation, which need to be used when going to the exchange
2. Token non securitization proof: prove that the project is non securitized, avoid causing trouble, and securitization is unable to engage in block chain related business in Singapore
3. Compliance of private placement terms: proving that the fund raising and sales concted before going to the exchange are legal and compliant
4. Compliance of public offering terms: it is equivalent to the commitment made to the majority of investors after going to the stock exchange, increasing the confidence of investors
note: the above certificates can be provided by Bajie Singapore lawyers
Bitcoin is a kind of cryptocurrency based on decentralization, using peer-to-peer network and consensus initiative, open source, and blockchain as the underlying technology
on January 3, 2009, Chuangshi block was born. Anyone can participate in bitcoin activities and issue bitcoin through a computer operation called mining. Since the number of bitcoin protocols is up to 21 million, some people think that inflation can be avoided
in 2010, bitcoin proced a price in the transaction, and the initial price was about US $0.0025 per coin. If compared with the current $30000 each, the "value" of bitcoin has increased by more than 12 million times in about 10 years
many people in the "coin circle" believe that the players behind bitcoin are no longer technicians and blockchain enthusiasts, but global financial institutions
when bitcoin and other blockchain digital assets increasingly get the participation of mainstream investment institutions, it will help to rece the concern about the legitimacy of bitcoin
in November 2020, PayPal, an online payment giant with more than 300 million users, announced to provide bitcoin trading services for qualified US customers after purchasing a large number of bitcoin
in December 2020, Singapore DBS Bank launched bitcoin and other digital asset trading services for institutional investors. In the past three years, the bank has been calling bitcoin a Ponzi scheme...
however, the soaring virtual currency represented by bitcoin has not changed the reality that it is not generally recognized by the mainstream financial market, which means that the higher the value of bitcoin, the higher the value of bitcoin, The more risky investors are
After all, behind the virtual currency, there is nothing but artificial scarcity caused by technology