Chapter 100 Offshore Companies

  The futures game is a zero-sum game, or even a negative-sum game (transaction fees). The funds in the market flow between long and short sides, and no extra value is generated at all. Therefore, it is completely unreasonable to tax futures. Most of the companies participating in the UK futures market are companies, so they also enjoy a tax-free policy. Only individuals are taxed after obtaining a certain amount of income.

   It is because Zhong Shi did not understand the rules of the game that he fell into the current situation. Today, he has to pay the corresponding taxes and fees to continue playing in this market.

   "Is there really no other way?" Zhong Shi frowned, staring at the amount in the account in a daze. The capital he made his fortune came from the Nikkei futures market in the Singapore market. In order to attract foreign capital, Singapore stipulates that foreign residents do not need to pay taxes on their profits in the futures market in Singapore.

"I'm afraid there is no way this time, but in the future, you can invest in the name of an offshore company, so that you can avoid taxes, and you can also avoid capital gains tax, personal income tax, value-added tax, etc., and you can also hide shareholders. Come hide yourself!" The futures trader spoke with eloquence.

   "What? How do you know so much?" Zhong Shi never paid much attention to the trader in front of him. He began to seriously look at the white trader in front of him. His name was Raymond. He was 1.85 meters tall, with blond hair, a tall nose bridge and dark green pupils. When Zhong Shi looked at him, he unconsciously puffed out his chest, showing a strong confidence.

  Compared with him, Andrew, who had been by Zhong Shi's side all the time, looked a bit wretched.

   "Of course I know this, because I am about to leave HSBC and start my own hedge fund!" Raymond said quite proudly. He is the ace trader of the futures index trading department of HSBC Bank. After making a name for himself in the futures index market, he is not willing to be content with the small share, so he plans to set up his own business.

There are still many traders like this in major financial institutions. Even within hedge funds, many traders go out to start their own businesses every year. The most famous one is George Bezos, a trader of the Shaw hedge fund. After leaving the Shaw hedge fund he founded Amazon.com.

In addition to the industry, there are more traders who founded their own hedge funds after leaving their companies. The most famous and largest is Tiger Fund. After it was liquidated after 2000, a large number of its analysts established His own hedge funds, and Julian Robertson also made a fortune by investing in these hedge funds.

   "I'm still a minor, can I set up a company?" Zhong Shi asked strangely. In his heart, he always thought that to register a company, he must obtain the qualification of a legal person, that is, he must be at least eighteen years old.

"No, as long as you have the qualifications of a natural person, you can serve as a director and shareholder of a registered company. You don't have to go to the registration in person, just let the agency company do it, and just sign it when the document is ready!" Raymond With a slight smile, he could see that Zhong Shi didn't understand the process of offshore company registration very well, so he explained it in great detail.

   "Aren't you a customer of our private bank? Didn't they tell you about these things?" Raymond couldn't help but ask a little strangely after a long talk.

   "..."

  Zhong Shi was speechless for a while. This private bank account was only opened after HSBC knew that he had transferred a large amount of funds to their economic account, and sent people to vigorously promote it. In fact, apart from knowing that he can use the VIP card to log into the VIP room at the airport, he basically has no other purpose.

  The essence of private banking is to help customers with large sums of money manage their wealth. Each account corresponds to a dedicated person, basically a tailor-made financial expert. Among the world's commercial banks, those banks in Switzerland are the ones that develop the best private banks. In addition, large financial institutions such as Hong Kong, HSBC, Deutsche, and Merrill Lynch (investment banks) have also begun to vigorously develop private banks after the 1990s. Develop private banking business.

It is the Bank of America that has developed private banks to the pinnacle. In the future, they will issue a limited number of supreme black cards, which is a super credit card that symbolizes wealth and status. Any request can be accommodated.

   "Is Mr. Zhong interested in investing in my hedge fund?" Just when Zhong Shi was in a daze, Raymond lost no time in selling his own fund.

  For hedge funds, countries have strict regulations. For example, in the United States, it is stipulated that fundraising can only be done through private fundraising. There can only be a maximum of 100 investors, and the minimum investment amount is 1 million US dollars. In addition, hedge funds themselves have to formulate certain rules, such as no redemption within two years, what is the annual management fee, and so on.

   Therefore, when the promoter wants to establish a hedge fund, he must have a considerable network to raise enough funds, and must have a considerable performance as a support to attract funds.

  The current hedge funds are no longer the so-called funds with risk hedging as the main operation strategy. Private equity funds that use financial derivatives as investment strategies for profit purposes are generally called hedge funds in the market.

   "..."

   Zhong Shi was even more speechless about such a blatant act of soliciting customers within his company. He didn't know if Raymond's behavior violated professional ethics, but he would never easily invest a sum of money in a hedge fund that didn't know how far it would go in the future. In fact, the hedge funds he invested in in the United States are all well-known hedge funds in later generations.

   Seeing that Zhong Shi did not give a clear answer after pondering for a long time, Raymond knew that there was no way to go, and wisely stopped selling.

  After leaving the options trading room of HSBC, Zhong Shi found a remote place and dialed the phone number left by the other party when he opened a private bank at HSBC.

   "Mr. Zhong, hello!"

  As soon as the call was connected, a crisp female voice came from the microphone. Her name is Lu Fei, and she is in charge of the operation of the Zhong Family Fund. Unfortunately, she doesn't know the real owner behind this fund, and she often calls Zhong Yi in the United States to sell business, but every time she is rejected Zhong Yi hung up the phone impatiently.

   "I would like to ask what services are available for opening a private bank." Zhong Shi was stunned for a long time before asking tentatively.

  Lu Fei quickly realized that the money was controlled by Zhong Shi. The names of the members of the Zhong family were firmly in her mind. She had never paid attention to this underage child before, and regarded him in her heart as a son of a rich family who was shadowed by her ancestors, but now it seems that everything is an illusion .

"Yes, yes." After answering a few questions, Lu Fei hastily replied, "My team and I will jointly tailor an exclusive wealth management plan for you, including providing funds, equities, bonds, foreign exchange, etc. , insurance and other investment portfolios, and also provide professional advice on law, accounting, auditing, taxation, etc. In addition, we can also provide investment in antiques, yachts, red wine, artwork, PE, VC, etc. Opinion…"

   "There are so many services?" Zhong Shi muttered to himself. He really didn't expect that this private bank had so many businesses that he didn't know about. Basically, with such a business, investment matters can get twice the result with half the effort.

   "Can you register an offshore company for me?" Zhong Shi asked tentatively.

   "Of course, we are a professional team, this kind of thing is just a small case." Lu Fei chattered. "I don't know where and how many you want to register?"

   "Does it make a difference?"

"The difference is not very big. Basically, similar companies registered in the British Virgin Islands, Cayman Islands, Bahamas, Bermuda and Hong Kong only need to charge a lower annual management fee. It's just that the laws are different everywhere. But they are basically the same. But I suggest that you register an offshore company in the Cayman Islands. There is no personal income tax, corporate income tax, capital income tax, real estate tax, inheritance tax, etc. Basically, the taxes in all major places in the world are here. No. In addition, the company law here is based on the British business company law, and the information about shareholders and directors is confidential and does not need to be disclosed to the public. There is no need to hold an annual general meeting, but the board of directors must be held every year A board meeting will be held in the Cayman Islands." Lu Fei is obviously familiar with these things, and almost without pausing, he described the characteristics of offshore companies in the Cayman Islands.

   "Now there is a problem, that is, I have not yet reached the age of legal person!"

   "It doesn't matter. Shareholders and directors only need to be natural persons. As for other things, we will naturally handle it for you. I just don't know what type of company you want to register?" Lu Fei asked carefully.

   "Huh? There is still this question, what types of companies are there?" Zhong Shi never imagined that there is so much knowledge to register an offshore company.

   "There are trading companies, investment companies, holding companies, financial companies, consulting companies, and employment companies. They are basically classified according to the purpose of the company. Except for the special registration name, the other places of ownership don't care much."

   "Well, then let me register an investment company, a financial company, and a holding company first! The names are all called SkyLine (skyline), and I am the shareholder and director, is that okay?"

   "No problem, we will complete all the registration work within three working days, and then please sign!" Lu Fei quickly agreed on the phone.

   "One more thing, I want to short the Swiss franc in the foreign exchange market, can you help me find a corresponding counterparty?" Zhong Shi suddenly remembered a big event that was about to happen. (Thanks to the book friend LIBERY for the reward! At the same time, I also thank all the book friends for their recommendation and collection! I hope more friends can pay attention to this book, thank you~)

  (end of this chapter)