Rebirth: Stockbroker, I have market data

Chapter 657: Offshore Financial Center

The "company immigration" that Xiao Jin mentioned is naturally to open Jinsi Investment Company overseas.

This overseas is the famous Cayman Islands.

The Cayman Islands is an overseas territory of the United Kingdom in the Western Caribbean Islands of the Americas. It consists of three islands: Grand Cayman, Little Cayman and Cayman Brac. The Cayman Islands is the fourth largest offshore financial center in the world and the world's largest offshore financial center. It is a famous diving resort and tourist resort, and finance and tourism are its main sources of income.

Many large companies are interested in the Cayman Islands because it is a famous offshore financial center and "tax haven".

The main reasons why many large companies choose to register in the Cayman Islands include the following:

1. Tax advantages: There are no taxes such as income tax, property tax, inheritance tax and gift tax in the Cayman Islands, and companies can enjoy zero tax rate.

2. Good confidentiality: Cayman Islands law stipulates that any company should protect the financial privacy of its customers.Therefore, companies incorporated in the Cayman Islands can enjoy a strict confidentiality system for customer information.

3. Loose regulations: The Cayman Islands has introduced regulations for international business and is very relaxed for foreign investment in the field.

4. Stable management environment: The Cayman Islands has a stable political environment, good public infrastructure and excellent regulatory agencies, which provide companies with a safe and reliable operating environment.

The threshold for starting a company in the Cayman Islands is also very low:

First of all, a company registered in the Cayman Islands needs to set up an office there. It’s simple!

Secondly, the applicant must pass the qualification review and have a good reputation and credit record, which is not difficult!

Finally, applicants are required to submit a detailed business plan, and it is a must.

In short, the Cayman Islands is very attractive to companies due to its tax advantages, good confidentiality, loose regulations and stable management environment, and has become an ideal place to attract many international large companies to register.

In addition to the Cayman Islands, there are three other major offshore financial centers. The first is the London Offshore Financial Center, which started in the Eurodollar market in the late 20s and is the earliest and largest offshore financial market in the world. The first-generation international financial center has a solid foundation in basic facilities, trading technology and talent reserves.

The second is the New York offshore financial center, which is strictly separated from inside and outside. As the most special category of this type of offshore financial market, its emergence has subverted the concept of traditional offshore financial markets.Simply put, it is a set of asset and liability accounts that are independent of onshore business established by each financial institution to record its international banking business in the United States and related receipts and payments. Such accounts can enjoy the laws promulgated by the Federal Reserve Board of Governors. Exemptions and tax benefits.

The third is the Singapore Offshore Financial Center, which was established in 1968. In the early days of its establishment, it was an offshore financial center with internal and external separation. As the economy developed, it gradually evolved into a penetrating offshore financial center.

The so-called offshore financial center is a free international financial market with free transactions and no regulation, where individual investors can also invest through institutions.

Generally speaking, financial institutions in various countries are only engaged in deposits and loans in local currencies. However, after the Second World War, financial institutions in various countries gradually began to engage in deposits and loans in foreign currencies other than their own currencies. As a result, financial institutions in some countries have become the world's leading financial institutions. Foreign currency deposit and loan centers in various countries, this kind of financial activities that specialize in foreign currency deposits and loans are collectively called offshore finance.

That is to say, any country, region or city that mainly conducts transactions in foreign currencies or deposits and loans in standard currency, and uses non-residents as transaction objects, and the banking system formed by its local banks and foreign banks can be called offshore. Financial Center.

As for the small Cayman Islands, it is precisely because the offshore financial industry and tourism have brought a steady stream of huge wealth to the local residents that local residents have lived a very wealthy life. According to World Bank statistics, the per capita income of the Cayman Islands that year was GDP is as high as 85477 US dollars, which is approximately 598339 yuan, far exceeding the minimum standard of developed countries, which is 12055 US dollars!

In addition to the four major ones above, other well-known offshore financial centers include the British Virgin Islands, Isle of Man, Bahamas, Bermuda, Western Samoa, Anguilla, etc.

Compared with ordinary limited companies, the main difference between offshore companies and ordinary limited companies is taxation.

Unlike the commonly used practice of levying taxes based on turnover or profits, the governments of offshore jurisdictions only levy annual management fees from offshore companies and no further taxes are levied beyond that.

In addition to tax incentives, almost all offshore jurisdictions clearly stipulate that the company's shareholder information, equity ratio, income status, etc., enjoy the right to confidentiality. If the shareholders are unwilling, they may not disclose it to the outside world.

Another advantage is that almost all major international banks recognize this type of company, such as Chase Bank in the United States, HSBC in Hong Kong, Development Bank of Singapore, Credit Agricole in France, etc.

"Offshore" companies can open accounts in banks, which is extremely convenient in financial operations. Such "offshore" regions and countries have good trade relations with developed countries in the world. Therefore, overseas offshore companies are many large multinational companies. and financial instruments frequently used by individuals with high net worth.

Xiao Jin understands this. Areas like the Cayman Islands are the most suitable for his temperament. Why, because of the high taxes brought by the transfer of Weiyan App, Xiao Jin cannot bear it. This is too difficult!

If Xiao Jin wants to use 280 billion in funds, he must withdraw it from the company account and pay 20% income tax, which is obviously a high fee.

How to do?

We can only continue to plan. Of course, this plan was made by Yu Daiyun for Xiao Jin.

However, people nowadays do not fully understand the significance of offshore financial centers. Many employees of the company spread rumors that Xiao Jin planned to change the registration place of Jinri Investment Company to the Cayman Islands, saying that Xiao Jin himself planned to immigrate.

This is a big oolong!

Xiao Jin originally did not need to explain to Hou Xiaoshan, but since he asked, in order to stop this rumor in time, he could only teach him the law.

Hou Xiaoshan understood, and Luo Jun also understood, so he said to Xiao Jin:

"Brother, please give me Miss Yu's phone number!"

Everyone knew what Luo Jun meant, but Hou Xiaoshan on the side still said:

"I said, Luo Zi, just be satisfied. You have earned 40 billion in less than a year. What's wrong with paying some tax?! If I were you, I would pay 90% of the tax!"

Luo Jun looked at Hou Xiaoshan and said angrily: "Just brag. If you were me, try it. It's just money! Why not save money if you can?!"

The two quarreled, and Wang Zhi really envied Luo Jun in his heart!

I originally wanted to talk to Xiao Jin about this share, but after all, I have only been here for a short time and have not brought many changes to the company. Alas, I can only study the new project after it is completed. I believe Mr. Xiao is not an ungenerous person!

"By the way, Mr. Xiao, what is the name of our new project?"

"Haha, as for the name, I think it will be called 'Toutiao'!"

......