The specific registration process for the project party’s legal opinion on currency issuance
The exchange’s requirements for the project party 9370 6165 exchanges generally have some side currency listing requirements for the project party. , to select some high-quality projects, the project white paper will generally be used as the project reference basis. Therefore, the white paper planning must have certain highlights and the legal compliance of the white paper. Legal opinions issued by the new party’s lawyers, team introduction, project flow, community The community and so on will determine the quality of the project, which is also directly linked to the currency listing fee. How does the project side choose an exchange? What the project side cares about is the qualification of the exchange, which also ensures the safety of the project side’s currency listing. Because it is prohibited in China, it is difficult to safeguard rights, so most project sides want to cooperate with H coins, okex, and coins. It is important to cooperate with exchanges like this, because these exchanges have obtained compliance licenses from various countries abroad, clearly hold the qualifications for TOKEN trading, and operate the exchanges legally and compliantly. The license obtained by H Coin is no longer from a country. Obtaining licenses from most countries also means that legal currency transactions and currency-to-crypto transactions can be legally carried out in most countries. Huobi has obtained legal exchange licenses in Vietnam, South Korea, the United States, Australia, the United Kingdom, Canada, Japan, Singapore, etc. Or build a compliance team with millions of customers around the world.
Legal Opinion:
Registering a foundation is only the first step. The most important thing that remains next is compliance. Legal opinions are needed to list on the exchange. Legal opinions are actually a general term. They include more white papers, token registration, private equity compliance and other white papers, which are equivalent to our usual business plans. After that, a professional Singaporean lawyer will need to modify it to make it comply with Singaporean laws and regulations. We write white papers for three main purposes. First: Report to Singapore MAS, so you don’t have to worry about being investigated in the future. Second: Convince investors that this company is legal and compliant, giving investors peace of mind. Third: It is needed for listing on the exchange. There is also TOKEN filing (non-securitization certificate filing), which is made by Singapore lawyers to prevent the Monetary Authority of Singapore MAS from verifying the compliance of private placement sales.
How to set up a Singapore foundation?
1: The name of the foundation is noted as (FOUNDATION LTD); 2: Provide proof of identity and address of at least 2 members (Singaporean members provided by our company, and the customer provides 1); 3: The registered capital of the non-profit organization is 1 Singapore dollar; 4: Registered address (provided by our company) 5: Guarantee by Xinfang lawyer and auditor (provided by our company) 6: Xinfang secretary (provided by our company) 7: Nominal member of Xinfang (provided by our company) Provided) Business scope 1, Development of other software and programming activities n.e.c.2, Software consultancy (Blockchain ICO basically has these two scopes) Registered capital 1 Singapore dollar (non-profit government regulations only 1 Singapore dollar) Registration requirements 3-5 weeks; after signing and submitting the registration application, you can check the company's establishment status online in 2-3 working days, and obtain a complete set of documents such as certificates and seals in 3-5 weeks.
Singapore Foundation - Singapore's non-profit public foundation is now widely favored by the blockchain ICO virtual currency development industry. In Singapore, non-profit organizations are registered by the Singapore Accounting and Corporate Development Authority (ACRA) Management, among which the non-profit foundation category is Public company limited by guarantee (Chinese literal translation: Public Company Limited by Guarantee). This type of company is a non-profit organization, and each member bears the guarantee responsibility. The overseas projects of public welfare foundations do not need to pay tax. Singapore tax The Bureau will also not tax local capital injections and investments.
For investors who want to issue blockchain currency, after the registration of the Singapore Foundation is completed, they need to communicate with the currency exchange to see what information the exchange requires. Generally speaking, the white paper is compliant and non-compliant. Securities ICO compliance is essential. These two items can be carried out as long as your main company and white paper are prepared, and the time is about 2 weeks.
You only need to provide the registration certificate, registration paper, articles of association, and the English version of the white paper, and you can find the relevant lawyer to issue a legal opinion.
The most common legal opinions are
1. Token is not a security
2. White paper compliance
3. Private sale terms
4. Public sale terms
How much does it cost to make a legal opinion? This depends on whether the documents are complete when registering the foundation. If the documents are incomplete,
the lawyer will need to help adjust the documents again, which will be a big risk and the cost will definitely be high. If the registration is compliant For a foundation, if the documents are complete and the legal opinion is prepared later, the price will be much cheaper.