Liu Yan: Offshore Registration Companies Need Attention

In May 20, 2011,

The opportunity for entrepreneurs to give me such an opportunity to meet with the founders, I started out of Yangpu 10 years ago, and I started Fudan after graduation from Fudan University. I started Fudan software, the network affiliated company, and later we started to build a website. Later, I started a website. This website was later acquired. I later had some experience in entrepreneurship. I prefer to communicate with you and provide solutions for entrepreneurs to register companies. Now I have been doing business for 7 years, providing entrepreneurial solutions for the majority of entrepreneurs, 7 years from domestic capital to foreign capital, and what kind of resources have been dealt with. There are already many good enterprises in Yangpu, including Hunan Tuo, which is also introduced by me. Liu Yan: first of all, thank you.

Today, we need to pay attention to offshore registration.

Why does Hongkong not belong to Off Shore Company? Off Shore Company has

Annual inspection industry and Commerce Bureau fines 10 thousand -10, if not declared to be punished, it is also applicable overseas. For example, if the Hongkong company fails to declare within the time limit, it can be tolerable for six months at most, and the maximum amount is 3480 yuan. If the overdue declaration is made, it may be fined by the Supreme Court of Hongkong. The maximum penalty is 50 thousand Hong Kong dollars. I always say that if you formally establish a company, I think if you have a friend or a friend's circle, it will be better. Because there are more information on the Internet, I think the real strength companies do not advertise, the real formal investment agencies rely on investment instead of advertising, and there are many advertisements on the Internet. If there is a lot of advertisements on the Internet, if you have friends, it is better to recommend your friends. Today, I would like to talk about the situation of Hongkong company. What should we pay attention to? We all know that if we start a company in China, the deadline is June 30th.

　　离岸公司可以做什么?如果要注册一个公司，首先要想，我为什么注册这家公司?我拿这家公司干什么?我遇到了什么问题?我们讲离岸公司的用途很多，比如是投资和并购的工具，如果拿美元基金，肯定要通过海外架构成立BVI公司，或者成立开曼公司，吸收投资，因为投资人的钱总归放到BVI公司或者开曼公司，放在香港公司，在国内成立外商企业.避税的问题，在BVI公司来说，他海外公司也可以起到很多合理避税的需要，比如说在香港很多人买楼，在香港买楼也是需要交很多税，但是很多香港人把他的房子，登记的户主不写个人的名字，先用个人的名字买一间楼，卖楼的时候把公司卖掉，在境外做股权转让就可以了，所以做到合理避税的安排，还有很多，如果你控制一个商标，如果持海外公司控制国内的一个商标，那么知识产权的收益，可以每年向这家企业提取一

The cost of intellectual property rights, the tax avoidance arrangement, and the cost of extracting intellectual property rights are 7-8 points. We can make reasonable arrangements at home in 25%..

　　我们现在很多人做贸易的，用BVI公司来直接做贸易，做国际贸易，我觉得这种情况是不好的，开曼香港公司做可以的，用BVI公司做给他的客户和供应商没有安全感，做到了转移价格.转移价格是怎么样的?如果你是有一批货要销往到海外，你会和你的买主有一个价格，这个价格比如说100元，那么你事先约定，如果卖给中国公司出口，卖给外国人100元，实际上从工厂拿到的价格是80元，如果你不走海外公司路径，可能在中国交20元利润，交25％的税，是所得，如果你们转移价格贸易有收获怎么做?同样100元还是卖给外国人，但是这个卖法不是直接卖，通过香港公司或者BVI公司卖给外国人，卖价同样是100元，但是付款的时候，可能就是通过80元直接付给工厂了，或者是通过中国的贸易公司，20元，可以自己设定通过一个关连交易的方式，可以转移到他的定价，他也做到了

Tax avoidance arrangements, this way the Inland Revenue Bureau has tightened up. As a trading situation, I do not recommend that if you do trade with BVI to do the pfer price, so the risk is relatively large, and BVI companies can not directly do trading activities. Trade does not have economic entities to support this activity, it may be suspected of breaking the law.

　　还有BVI公司什么不能做?控制不动产，在中国肯定不能做，因为中国现在楼市调控10年还可以，现在不允许外国投资的公司直接控制不动产，但是允许外商投资的公司在中国设立的公司，可以买楼，而且买楼的目的是仅限于商用和自用，不可以出售的.这是离岸公司很重要的一块，如果大家有好的点子好的想法，想拿一笔钱，如果我们做内资公司拿到风险投资钱，架构比较简单，但是如果是海外架构，因为公司当初制度设计的时候，就是有很多文章可以做，比如说海外公司离岸公司有显著的特点，无须验资，我们国内因为是中国这边，属于大陆法旗下的国家，注册公司都要先经过验资，公司注册才能成立，比如说中国的台湾、德国、意大利，还有荷兰，都需要注册成本验资之后才可以把公司成立的，而且离岸公司，注册好了之后可以发行股票的，就是一个股份制

The company, our side joint-stock company has the request, therefore two stockholders, the domestic minimum can not exceed 2.5 people, the joint-stock company registration is quite high.

　　我们看投资的时候，会经常看到普通股和优先股，这个就是华尔街金融的工具，他们在拿投资的时候经常用到的，所以我可能要重点讲，离岸公司的设计，普通股和优先股的设计.什么叫普通股?普通股是指公司在经营管理和盈利，以及财产分配上享有普遍权利的一种股份，代表满足所有债权偿付要求及优先股东收益，与求偿权或对企业有剩余财产的基本权，是一种股票形式，发行量最大最重要的股票，现在上海和深圳的证券交易所交易的股票都是普通股，只要是上市的公司，如果投资商优先股转化为普通股才可以上市.优先股是什么?优先股是相对普通股而言，主要旨在利润分配及财产分配权上，优先于普通股，有一种优先的权利，比如说可以是通过制度的设置，可以在一些转股优先购买权或者优先购卖权，还有可转换的优先股，这就是在你和投资商签订投资协

When this condition meets this requirement, it can only start a process of converting preferred stock into common stock, which can be used to control the management of your company or control some investors. This is a little bit of a common investment. Off Shore Company has a strong fund-raising ability. If it is not through equity financing, through bonds, if someone dare to buy the convertible bonds that you dare to sell, when you have a sum of money, investors say that you are borrowing money. When your company is insolvent, you will be able to convert the convertible bonds into equity if your performance is well done. This is the skill that our Off Shore Company can use in your investment. If it is an internal company, there is not so much arrangement. When discussing, you can arrange a certain condition.

　　接下来我讲一下，成立离岸公司海外公司基本常见的几个问题，第一个什么是现成公司?就是空壳公司，是预先注册好的公司，但是这些公司是没有董事和股东的，只是发起人，买了一股，像这种公司空壳公司也就是现成公司，常常具有以下特点，没有委任董事和股东，对这个公司来说你们不用担心会存在和人家签订合同的情况，因为就是注册出来，其他什么都没有，工商、法律文件都没有，当你需要这家公司引资的时候，从发起人那边转过来，如果买一家空壳公司，如果时间比较着急的，这个方法还是比较安全的.我们说一下离岸公司里面的注册资本，一般来说BVI公司法定的最低的注册资本是50000美金，但是这50000美金可能允许，我只认购一股，有点相当于我们公司有一个注册成本10万，实收资本是30000万，就是你公司认购的，花钱去买的，我公司注册好了之后

No, when a company has been established, how does it work? What if a company buys a share of the stock, and if it buys a company to issue shares, it only takes 1 dollars to buy a share of the stock. It is not responsible for the responsibility of 50000 dollars. It only bears a limited liability on the investment company, which is 1 yuan. Unlike the domestic company, if your registration cost is 100 thousand, and your actual receipt capital is 30000, our country will bear limited liability for your registration cost 100 thousand. Our country has stipulated that you must have 100 thousand RMB in two years, so the registered capital of foreign countries must be in place, so that the registered capital of overseas should be 50 thousand dollars, and a share of 1 dollar stock will be subscribed. There is a registered capital of 50000 dollars, which is empty.

　　还有一个可能很多人会问，如果境外成立中国居民到海外成立公司，是否需要经过中国公司的批准?很多人会搞错，我到国外设公司和到国外投资一家公司是两码事，因为国外去注册一家公司，并没有说让你把你的资产或者你的资金转移到海外，因为成立公司融资渠道很多，一般债券，可以转卖股票，不一定借款，如果你到国外投资一家公司，我们中国要经过审批的，中国境内企业赴海外投资，因为我们涉及到外汇管制，把人民币转换为对价的美金，一定经过中国批准，前几年300万美金以下要经过外汇管理部门的批准，超过到中央批了.如果我们去海外成立一家公司，如果做贸易或者做别的安排，如果注册商标，我拿海外公司去海外公司成立一家公司，我用这家公司控制了中国的商标，这个动作不需要经过中国政府的批准，因为没有投资行为，只是注册一下，没

There is a pfer of property overseas. Residents in China are going to raise funds overseas and then return to the city to invest and return. They need approval from the foreign exchange management department. Otherwise, the final effect will finally come to the market, and your money can't be taken back, because there is no record before going out, and the maximum amount of foreign exchange is not reported on our side. The amount of each person is 50 thousand dollars per year, so in this case, if venture capital is taken, the venture capital association will tell you that this situation should be registered by the Chinese government.

　　还有我们讲司法管辖区，开曼都是司法管辖区，都有相应的公司法调整的，可以在那里成立公司，如果说科技型的企业，大家了解两块可以了，了解一个BVI和一个香港公司，还有开曼公司，因为上市公司巴拿马太多了，不希望大家研究这些方面的问题.我觉得最后一点给大家讲一下，大家经常说的新浪架构，就是我们通过海外公司，BVI这条线画过去，上面是国外，下面是国内，一家外国公司在中国境内登记了企业，WFOE，BVI上面可能还有公司，这上面是海外的，为什么这里有中国的中资公司?在新浪2000年上市的时候要解决法律问题，因为我们信息产业部要求互联网企业提供互联网信息服务，必须办理ICP经营许可证，目前中国的法律还不允许一家外国的公司，拥有ICP许可证，必须用全内资投资公司取得ICP许可证，这家公司主要做运营做收入，然后和他签一个协议，

Control the total income of the company to 100% of the company. How do we arrange the control agreement? If the agreement is not good enough to pay 5% of the business tax, if it is written well, it can be tax-free. After the company has profits, these statements are reflected above, and then to Cayman, they can be listed on the NASDAQ. These are holding companies, not entities, and this is the Sina architecture.

　　接下来讲一下现在前不久纳斯达克上市的世纪家园，运用了大量的BVI公司、开曼公司、香港公司.这个是世纪家园上市的架构图，这家公司是法门投资，是他们世纪家园的董事主席控股的，这个上面是一家BVI公司，看不到股东是谁?因为BVI有股东匿名的特点，这家公司是贡海燕控制的，这是公众的，家园国际在开曼群岛成立的，这家公司公开募股成立的，大概8、9000万美金.中间有100％控股开曼下面英属维尔京群岛公司.他和中央财政部签避免双重赋税的条约，有一个DDT，避免双重赋税，如果说一个境外投资者，如果英属维尔京群岛中国没有大使馆，如果做公正认证通过英国大使馆认证，如果通过BVI公司控股WFOE后果很严重.我们国内外商投资企业适用的所得税是25，股东BVI公司100％控制，如果说一家公司业绩多好，有利润归回投资方国家的，这家BVI公司和中国政府没

There are conditions for signing the contract, paying 25% of the income tax, and taking a document in the first second of the remittance. We must pay a 20% withholding tax. We have several shareholders in the domestic company. After the payment of the enterprise income tax is paid, we will pay 20% personal income tax to the individual when we get the cash tax. If the BVI company and the foreign investment enterprise and the Chinese government do not sign DDT, it will generate more taxes. We pay 25% income tax, the lowest 20% tax, which is collected in China, and no tax is imposed on Hongkong. The century home is taxed in China. The Cayman, Hongkong and British Virgin Islands are not taxed, because it is only an account, Hongkong has no entity.

　　大家成立内资公司的情况还是要找一个比较好的孵化器，比如说杨浦创业挺好，他会给企业比较好的营业税、所得税的优惠政策，我们上海花千树信息科技有限公司也是注册杨浦，应该是杨浦的纳税大户，但是他们通过特殊方式，这边花千树和WFOE通过控制股东协议，可以控制免税.我跟大家讲一下为什么可以不交税?我们利润是等于收入减成本减费用，收入就是主营业务收入，成本就是外资公司给内资提供技术服务，这里很重要的，你通过一个所谓的关连交易，外资公司给内资公司提供技术服务之后，他提供技术服务了就会取得收入，这个东西一般来说如果是软件企业申请到软件企业，做软件工程，提供技术服务，备案一下15％营业税可以减免，内资公司下面只交15％营业税，利润等于零，因为它的收入减去成本，成本没有了，多少收入就是多少成本，比如世纪

Home 120 million income, after 5.5% business tax, the cost can also be adjusted to 120 million cost. The website of century home needs IT support, that is, foreign-funded enterprises to provide technical services to help me provide server bandwidth support, so that every year the foreign company pays 120 million yuan, the foreign company has profits, and the revenue is turned over through the control agreement, so that the tax revenue is the lowest, so foreign companies do not have to bear business tax, and can do it through software filing. Foreign company income tax needs to be undertaken. Domestic companies do not need to bear income tax, because no profit is available, and profits are all taken away by foreign companies.