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① Analyze the relationship between Singapore non-foundations and blockchain ICO

Analyze the relationship between Singapore non-foundations and blockchain ICO
ICO technology is a An underlying technology that serves international encrypted digital currencies. It is originally a new application of computer technology. It should be supported by the international community. However, because many investors issue blockchain in order to obtain returns and raise money from the public. Funds carry great investment risks, and some institutions do not meet regulatory requirements and issue blockchain projects without authorization. Therefore, many countries do not recognize ICO projects.
In order to solve the non-compliant and unregulated ICO industry, it is necessary to gain recognition from the international community. At this time, someone will think of setting up a foundation to operate. Since the foundation is a non-profit organization, and projects issued by non-profit organizations are public undertakings, it is easier to gain recognition from domestic and foreign people. It happens that the Singapore government is very supportive of ICO technology, vigorously develops blockchain technology, and provides policy preferences. Therefore, it has become a widespread consensus to set up a non-profit organization foundation in Singapore. This is also the fundamental reason why all registered blockchain ICO foundations choose Singapore!
So what preparations are needed to register a foundation?
First: Register the name of the foundation. This name needs to be in English. If it already exists, it cannot be registered again
Second: Directors and shareholders: Provide scanned copies of ID cards or passports of directors and shareholders, at least two directors, one of whom is a Singaporean (we can provide , does not occupy shares)
Third; choose two business scopes
As long as you provide the above three points, you can register. The registration time is generally about 10-25 working days.
After registration, there is later legal service:
The legal opinion generally includes the following four items:
1. Token non-securitization certificate: prove that the project being engaged in is non-securitization and prevent MAS Investigation
2. White paper legal opinion compliance: prove that the project being undertaken does not violate any regulations in Singapore and is compliant; it is required when listing on the exchange
3. Private placement terms sales compliance :
4. Compliance with public offering terms: equivalent to a guarantee for sales after listing on the exchange, increasing investor confidence

② Why is Singapore the best choice for blockchain ICO?

Although Singapore has strictly regulated this, it does not mean that Singapore has closed the door to ICO. In fact, the measures taken by the Singaporean government are to protect the existence and transactions of this currency, not to prevent it, because proper supervision means that investors are protected, which means that more people can participate in it. Come. At the same time, the reform of the regulatory system will also encourage more companies to try ICO, especially companies that are currently interested but very wary.

③ Chinese companies invest in blockchain and discover ICO registrationWays for Singapore Foundations

Ways for Chinese companies to invest in blockchain and issue ICO to register Singapore foundations
Blockchain is currently the hottest keyword in the financial market, arousing enthusiasm across the industry. Discussion, how to invest and how to implement are all issues that everyone is concerned about. We won’t talk about the technical aspect. It requires communication between the enterprise and the technical team to understand how to implement their own ideas.
Here is an introduction to how companies conduct blockchain investment and operations overseas. First, companies need to establish a foundation overseas, borrow the name of the foundation to issue coins, and then authorize domestic company teams to operate. There is no need to go into details about domestic matters. Let’s focus on overseas foundations.
Because blockchain currency issuance is prohibited in China, but overseas tolerance is still very high. Currently, there are several places where there are more discussions: Switzerland, Thailand, Singapore, Cayman, Malta, and some The country has legislation for blockchain. Despite this, Singapore still has the highest blockchain settlement rate. Singapore companies themselves are divided into two categories, one is an ordinary company and the other is a public guarantee company. Usually blockchain currency issuance will Registering a public guarantee company, which is often referred to as a Singapore public non-profit foundation. The benefits of registering a Singapore foundation:
1. Excellent reputation
2. Non-profit, no tax required
3. Greater possibility of financing
4. Convenient operation, open and friendly policies
5. Singapore is the center of Asia’s blockchain and the most popular place to settle.
6. The government has a clear regulatory attitude towards ICO, making investment safe and reliable.
With the new trend coming, there are no big blockchain companies in the market. All companies are in their infancy, so it is a rare opportunity for every company. Be the first to start the blockchain, so it is recommended to register the Singapore Foundation as early as possible.
Requirements for registering a Singapore foundation:
1. Foundation name: English name (ending with FOUNDATION LTD.)
2. ID cards of 3 directors and members are required (one Singaporean member is Zhuozhi provided it, and the other two provided it themselves)
3. Business scope: 62019 Development of other software and programming activities n.e.c.
62022 Software consultancy
4. Registered capital: No capital verification required, minimum 1 Singapore dollar , no upper limit.
5. Company secretary (Zhuo Zhi serves as a licensed secretary)
6. Singapore registered address (provided by Zhuo Zhi)
7. Registration time: 10 to 25 working days
After registration is completed Documents obtained:
Complete documents include: registration certificate (this is equivalent to a business license), registration paper, articles of association, official seal, steel seal, lawyer documents, companyThere are 14 items in total including company establishment announcement, registered address announcement, Xinfang nominee director authorization document, Xinfang commercial secretary authorization document, first board meeting letter, CD, folder, and file box.
2. Registering a foundation is only the first step, and the next step is compliance. Nowadays, legal opinions are required when doing blockchain projects on exchanges. This is also to comply with current laws and regulations and prevent supervision by MAS (Monetary Authority of Singapore).
Singapore legal services include:
①Legal opinion: Issuing a legal opinion certifying the non-security nature of Token in accordance with Singapore regulatory regulations.
②White paper: White paper legal compliance lawyer opinion letter: proves that the project is compliant and legal and does not touch or violate any current Singapore regulatory regulations.
③Purchase agreement: According to the requirements of Singapore regulations, issue the private placement terms for raising funds by issuing TOKEN for the project.
④Singapore law governed terms, conditions for publice: Issue token public offering terms, website announcement and disclaimer in accordance with Singapore regulatory regulations.
⑤Writing a white paper in English: Writing a white paper in English (based on the Chinese version)
⑥Lawyer Consulting (annual): Including all legal-related consultation, program design and resource docking during the project process.
⑦Operating agreement: Service document between the fundraising entity (foundation) and the operating entity.

④ Why should a blockchain foundation be registered in Singapore

Due to the unprecedented popularity of Bitcoin, Internet tycoons have attached great importance to blockchain technology. They have all laid out their own blockchain projects. Among them, blockchain projects are subject to strict supervision in China due to investment trends. On the contrary, Singapore maintains an open policy towards blockchain ICO and takes blockchain technology as a national development goal. , so Singapore is currently a hot choice for blockchain projects in the world.
Singapore is known for its stable and sound legal and financial environment. Registering a fund here is a safe and convenient choice. As a result, more and more companies are choosing to set up non-profit companies in Singapore. The currently popular blockchain business in China is very suitable for operations on foundation-type non-profit organizational platforms. At the same time, the Singapore government not only provides policy support, but also stipulates that blockchain foundations can be registered and managed by the Singapore Accounting and Corporate Development Authority (ACRA) to obtain legal issuance projects. This is one of the reasons why it is necessary to register a Singapore foundation

⑤ Why do many choose Singapore foundations as the main body of blockchain projects? How to apply for a Singapore foundation

1. Provide the company name, ending with FOUNDATION LTD.
2. Three or more directors, including Singaporeans, our company can provide them. Electronic copies of the front and back of the remaining two ID cards.
3. Make a contract based on the information and confirm it is correct, then sign the contract and pay a 50% deposit.
4. Our company submits the information to start registration, which will take about 20-25 working days.
5 After the registration is completed, a photo will be sent to you. After paying the remaining 50% of the balance, our company will send you the registered foundation documents.

⑥ What is the Singapore Foundation and what is its relationship with blockchain

I am very happy to answer this question

Singapore foundations are overseas entities. By nature, Singapore foundations are non-profit organizations

There are three types of non-profit organizations in Singapore ：

1) Public company limited by guarantee
2) Society
3) Charitable trust
If you are working on a blockchain project, it is the first one mentioned above One type is a public company limited by guarantee.

The name should be XXX FOUNDATION LTD. or XXX FUND LTD.
It is often referred to as Singapore XX Foundation or XX Fund.
Of course, there are two forms of registered companies:
There are two types of registered companies in Singapore:

1. Singapore Fund Co., Ltd., ending with PTE.LTD, limited liability company Type
2, Singapore foundation, ending with LTD, public company type
The nature of the company is different, a limited company is a joint-stock system, a foundation does not include shares, and is a public guarantee type
Block What type of foundation needs to be registered for the operation of chain digital currency?

The well-known Bitcoin, Huobi, and Bytom are registered as non-profit foundations, and their credibility will be higher.
If you need to issue coins for blockchain, you need a professional lawyer to issue a legal opinion. Ordinary limited companies cannot meet this condition. Only foundations can, and ordinary companies cannot meet this requirement.

I hope my answer will be helpful to you~

⑦ Why do ico blockchains choose to register their foundations in Singapore?

Why should they register in Singapore? What are the advantages of registering a foundation and how to operate it?
Singapore has listed the development of blockchain technology as a national priority. The law stipulates that a "public company limited by guarantee" is established for non-profit purposes, and its members are responsible for contributing assets to the company. It can be seen that the ICO Foundation It is supported by policies in Singapore. Singapore is the center of Asia’s blockchain and the most popular place to settle., The government has a clear regulatory attitude towards ICO,
It is close to China, has open and friendly policies, shapes the corporate public welfare image, provides financial support to enterprises, and reasonably avoids taxes.
So what are the characteristics of registering in Singapore?
Independent management and operation by a trustee board or management committee composed of persons with trustee qualifications; Independent from the government;
Creating benefits for groups outside the organization, usually for social welfare; Prohibiting members of the organization from sharing the company Profits;
Only after obtaining "charity status" can you obtain full tax exemption.
So how can you register a foundation in Singapore?
1. Provide the name of the company that needs to be registered. In addition, you must provide the identity certificates of three members. One of them must be a member of Singaporean nationality. This can be provided by us, and then select two business scopes, with a maximum of only You can choose two, which will involve the registered address, secretary of the new party, and nominal members of the new party. We can help you provide these. After submitting the information, you can start registration. The registration time will take about 15-20 working days. Hope this helps you

⑧ Singapore Blockchain Project Compliance Registration

Hello, I am very happy to answer your questions.

Singapore is a mecca for registration of blockchain projects because the Singapore government supports the development of the blockchain. There is also a dedicated law firm in Singapore to provide legal consulting services to the foundation. This is why such large companies like to register foundations in Singapore. So what preparations are needed to register a foundation in Singapore?

First: You need to provide the name of the foundation

Second: You need to provide at least two registrants: Xilongqilongxi

We provide the following: Singapore Registered address, Singaporean director, Singaporean lawyer and auditor guarantee, Singaporean secretary, first-year service fee.

The registration time usually takes 15 to 25 working days: after the registration is completed, you will get these documents: registration certificate, registration paper, articles of association, official seal, steel seal, registered address announcement, company establishment announcement, Singapore citizenship Director authorization, secretary authorization, first meeting discipline, exquisite document box.

Registering a foundation is only the first step. The most important thing that needs to be done next is compliance. Compliance includes more emphasis on white papers and token filing. The white paper is equivalent to our ordinary business plan. After it is written, it needs to be revised by a professional Singaporean lawyer to make it comply with Singaporean laws and regulations.

The white paper has three main functions.

First: Report to Singapore MAS, so you don’t have to worry about being investigated in the future.

Second: Convince investors and reassure them.

Third: Needed to be listed on the exchange.

For these three purposes, we will write the white paper and modify it for the benefit. There is also TOKEN filing, which is completely necessaryA Singaporean lawyer came to do it. After doing this, Singapore MAS will not come to check you. You can then carry out your work with peace of mind.

The above answers are for your reference. I hope they can help you. You are welcome to like us and follow us. Thank you.

⑨ Why do you need to register a Singapore foundation when issuing blockchain ICO coins?

Hello, currently, customers who are doing blockchain projects will register a foundation as their project. Why do all entities register foundations in Singapore? First of all, it is cost-effective, and the Singapore market is relatively mature and there are many project parties. Many well-known currency entities are registered in Singapore. Secondly, they can provide complete legal services in the later stage.
How much does it cost to register a foundation in Singapore?
There are currently two packages on the market for Singapore foundation registration, one is simple Singapore foundation registration, and the other is compliant Singapore foundation registration. What is the difference between the two?
1. Simple foundation registration: The registration process is simple, the documents are incomplete and made in China.
2. Compliance foundation registration: The registration process is compliant, the documents are complete, and guaranteed by a lawyer. The documents are issued by the Singapore Registration Bureau, and the lawyer applies for them to be sent to the country.
If you are making a blockchain ICO just for investment, it will not matter which one you register, but you will need to issue coins to the exchange later. According to our understanding, some well-known exchanges will require relevant legal compliance. Opinions. Different registered packages directly affect the price of subsequent legal opinions.
It is a simple foundation registered. Due to incomplete documents, the risks borne by lawyers are high, and legal opinions are very expensive.
In the early stage, a compliance foundation was registered, and later when legal opinions were needed, the price was much cheaper.
After comparing these two, you can choose which one to register according to your own needs.

⑩ The benefits of choosing Singapore for overseas foundations of blockchain projects

Why is it more popular to do ICO in Singapore?

Recently, BlockData, a think tank, released the "Singapore among the 50 Global Blockchain Countries". The report shows that Singapore has become a global ICO center, with well-developed foundations, incubators and other supporting facilities, and a sandbox mechanism started in 2016. , ICOs going overseas under the restrictions of China and South Korea policies have promoted the development of Singapore ICOs and related industries.

In order to solve the non-compliant and unregulated ICO industry, it is necessary to gain recognition from the international community. At this time, someone will think of setting up a foundation to operate. Since the foundation is a non-profit organization, and projects issued by non-profit organizations are public undertakings, it is easier to gain recognition from domestic and foreign people. It happens that the Singapore government is very supportive of ICO technology, vigorously develops blockchain technology, and provides policy preferences. Therefore, it has become a widespread consensus to set up a non-profit organization foundation in Singapore. This is also the fundamental reason why all registered blockchain ICO foundations choose Singapore!

Conditions for ICO project subjects to apply for a Singapore non-profit foundation:

1. Prepare a company name ending with XX FOUNDATION LTD to help with name checking.

2. Provide the identity cards or ID cards of the two directors.

3. Select two approximate business scopes.

The general application process takes about fifteen working days to complete the registration of a Singapore foundation.

Singapore’s later legal services are perfect:

To issue your own tokens, you generally need to register a foundation in Singapore as the issuing entity, and Singapore is also easy to comply with regulations, and follow-up services are also available. Complete. Project docking exchanges are generally required to issue proof of the non-securitization nature of TOKEN. This can also be done by a licensed lawyer from a professional law firm in Singapore in accordance with the relevant regulations of the Monetary Authority of Singapore. The lawyer will focus on the non-securitization attribute of the token and comply with Issue professional legal opinions on anti-money laundering laws and other relevant regulations.