Chapter 169 Registering a Company (Part 2)

Author: Mahjong Jun

Chapter 169 Registering a Company (Part 2)

Xiangjiang area, Hu Wenquan Law Firm.

Conducive to overseas listing.

Domestic company laws have many restrictions on the establishment, operation, and maintenance of companies, which bring high financial and time costs to the company.

More importantly, mainland companies have always implemented a very strict approval system for listing, which has extremely strict requirements on the size, profitability, ownership structure, etc. of listed companies.

However, domestic Internet companies are far from meeting the listing requirements, both in terms of equity structure and profitability.

Until the Science and Technology Innovation Board opens in 2019, unprofitable companies will not be able to log into the A-share market.

The laws of the Cayman Islands belong to the Anglo-American system, and the policies are suitable for corporate listing operations. They can be listed on stock exchanges in Hong Kong, Singapore, Singapore and other places. It is also easier to gain the trust of Western investors, which helps the stocks issued by the company to be invested.

who accept.

All these favorable conditions provide companies registered in the Cayman Islands with an excellent stage to enter the global capital market.

Most domestic Internet companies introduced a large amount of foreign capital to varying degrees in their early stages of entrepreneurship, and these venture capital eventually had to be liquidated and left.

In other words, these Internet companies have had an urgent need to go public from the beginning.

However, strict domestic review conditions determine that they cannot be listed in A-shares.

Objective conditions dictate that it can only be listed overseas.

However, their foundation and main business is domestic.

Therefore, they naturally tend to choose such an overseas structure.

This is the so-called VIE structure (Variable Interest Entity).

That is, through a series of control agreements, the interests of domestic operating entities are transferred to overseas listed entities, so that shareholders of overseas listed entities (that is, overseas investors) actually enjoy the benefits generated by the operations of domestic operating entities.

It realizes the overseas listing of domestic companies in disguise.

The VIE structure has existed for a long time, but it has always been in a "grey" area. Unfortunately, until now, the law has not defined it.

Don't say too much to avoid getting into trouble.

Zhao Wenmu’s choice to establish a parent company in the Cayman Islands was not due to tax avoidance considerations, and it has nothing to do with overseas listing for the time being.

It's just a matter of habit.

Regarding Zhao Wenmu's question about hiding his identity, Hu Wenquan thought for a moment and then answered:

"Sheng Zhao, there are two ways to hide your identity. One is to choose someone you trust to hold the shares on your behalf, and the other is I can help you apply for household registration in Xiangjiang or Malaysia (Malaysia) and register a company with this identity."

Just now, Zhao Wenmu mentioned the Cayman Islands without thinking, which really surprised him.

You must know that the establishment of offshore control centers in places such as Cayman and Virgin Islands is an emerging new thing even in Europe and the United States.

Zhao Wenmu thought about it and decided that having someone he trusted holding the shares on his behalf would be the most concealed plan.

As long as the agent is hiding safely behind the scenes, the possibility of him, the boss behind the scenes, being the boss behind the scenes, being exposed is extremely low.

Unfortunately, there is no such suitable trustee.

Neither Zheng Guangming nor Zhao Jing and others are suitable, because if the identities of these people are found out, the effect will be the same as if they are found out themselves.

He also only pursues hiding his identity as much as possible, which is only for business opponents.

If the person who wants to investigate him is Verber or MI6, or the National Security Council of Big Brother, then no matter how you hide your identity, it will be useless.

"Please ask Lawyer Hu to help me apply for Malaysian household registration, so as to register a holding company in the Cayman Islands."

"Then two subsidiaries actually controlled by the holding company were registered in Xiangjiang, with their main businesses being trade and investment respectively."

Hu Wenquan quickly wrote down Zhao Wenmu's request.

"Ok, no problem."

"I would also like to trouble you to open an anonymous securities account for me and transfer the money into the account."

Zhao Wenmu said as he pushed a check in front of Hu Wenquan.

It is exactly 2.4 million Hong Kong dollars.

He handed over another check for 100,000 Hong Kong dollars.

"Let's invite Lawyer Hu for tea."

It was the 2.5 million compensation he received.

Hu Wenquan nodded and accepted the 2.4 million Hong Kong dollars, but refused to accept the other check.

"Zhao Sheng, Mr. Rong's friends are Hu's friends. Hu has a rule for making friends. The first business is free."

Hu Wenquan smiled gently and raised his gold-rimmed glasses slightly.

Zhao Wenmu smiled at each other and took the check back.

"Okay! I'll give you a gift another day."

After leaving the law office, Zhao Wenmu went straight back to the Rong family villa.

It will take a lot of time for Hu Wenquan to complete all this, and they are afraid that they will have to stay in Xiangjiang for a while.

Although they cannot go out for the time being, Zhao Wenqiu, Rong Xinyi and Zheng Xiaowen are not worried at all. There are all kinds of delicious and fun things in the villa, and the few girls are quite happy to miss Shu.

Food from all over the world, the latest computer games, various fashion magazines, and countless information wash over girls who have never experienced these. Everyone has their own thoughts and opinions.

Only Zhao Jing was a little restless.

She was sitting in a comfortable lady's chair, holding a full English version of Birds in her hands. The warm sun shone on her body through the screen window, and her long eyelashes seemed to be shining with crystal light. She really looked peaceful and peaceful.

illustration of modern lady.

However, if you look closely, you will find that since Zhao Wenmu left home, the book in her hand has not turned a page.

Even the little girl noticed her mother's absent-mindedness.

The little guy was minding his own business playing with the wind-up toys given by Uncle Rong (Rong Zhenbang).

Zhao Jing is always worried about Zhao Wenmu's safety. Although her reason tells her that Zhao Wenmu is definitely safe at the moment, her emotions make her unable to let go of her worries.

Until Zhao Wenmu returned home safely.

The Rong family didn't know where they had gone. A few girls were hiding in the room playing games. At this moment, the huge villa was silent except for the slight buzzing of some electrical appliances.

Zhao Wenmu pushed the door open and what he saw was his wife's sweet smile when she heard the voice and looked up.

Zhao Jing quickly put down her book and threw herself into his arms.

The two hugged each other quietly. After a moment, Zhao Jing asked softly:

"Is everything going well?"

Zhao Wenmu nodded and kissed her forehead.

"It will take some time. We may have to stay in Xiangjiang for a few more days and move out some other time, okay?"

"OK!"

The two were affectionate for a moment, and Zhao Wenmu picked up the little girl from the ground who was lining up to "refuel" the car.

"Nanny, can daddy tell you a story?"

"Okay, okay, I want to listen to Gus!"

Zhao Wenmu slapped his forehead.

Can my good daughter be cured of her big tongue?

The family of three is enjoying themselves happily, whether in Xiangjiang, Pingyang County, or the capital, this place of peace of mind is my hometown.

For Zhao Wenmu, wherever his wife and daughter are, it is a place of peace of mind.

This rare moment of peace was particularly precious to him.

However, a knock on the door interrupted this peaceful and peaceful atmosphere.

Zhao Wenmu opened the door and saw Rong Zhenyi, with an annoyed look still on his face.

"Zhenyi, what's wrong?"

"Third brother, please help me think of an idea and teach these damn counterfeit drug dealers a lesson!"

Rong Xinyi said angrily.
Chapter completed!