Singapore registered virtual currency
Publish: 2021-05-21 12:29:17
1. Yes, but you have to register a Singapore company to issue currency in Singapore. We also have to do "compliance", that is, Singapore ICO legal compliance legal opinion. The Singapore foundation is the main choice for most digital currency projects. The requirements of foundation registration for directors and shareholders of the company are loose, and there is no need for foundation registration&# 8204; Guo & Chen 8204&# 8204; It can be a natural person of any nationality. A natural person must be at least 18 years old. In Singapore, we can legally develop the blockchain instry. You can also go to the exchange to issue money.
2. How to issue
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
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
3. In fact, virtual currency does not play a great role in the development of contemporary Chinese economy, and even plays an obstacle role
after bitcoin, Leyte coin, doggy coin and other encrypted digital currencies were introced into China, they quickly became popular in China, but then the MLM coins became more and more rampant, which seriously hindered the development of domestic economy. But it has its positive side. For example, the token of crowdfunding project on European crowdfunding platform exists as an asset voucher, which is a good application scenario.
after bitcoin, Leyte coin, doggy coin and other encrypted digital currencies were introced into China, they quickly became popular in China, but then the MLM coins became more and more rampant, which seriously hindered the development of domestic economy. But it has its positive side. For example, the token of crowdfunding project on European crowdfunding platform exists as an asset voucher, which is a good application scenario.
4. Now many banks (including Bank of China) have windows to exchange foreign currency notes
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. 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
one company name and two registrants' ID cards are required to register the Singapore non-profit public foundation
8. Singapore is an international financial center in Southeast Asia with stable politics, perfect legal system and developed economy. It has a positive attitude towards financial innovation; Moreover, Singapore is closer to Chinese mainland, has more developed transportation and facilitates communication, and has a certain commonality in language and culture. Singapore's positioning of its financial instry as an intelligent national and international financial center has always embraced and welcomed financial technology to a certain extent
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.
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.
9. At present, customers who do blockchain projects will be the main body of the project through registered foundations. Why do they all register foundations in Singapore? Firstly, the cost performance is high, and the Singapore market is relatively mature, and there are many project parties. Many well-known currencies are registered in Singapore. Secondly, they can provide perfect legal services in the later stage
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.
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.
10. 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.
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