Related Terms Of Registered Companies

The articles of association of foreign invested enterprises are documents that stipulate the purposes, organizational principles and management methods of enterprises.

The constitution is the basic rule of enterprise organization and activities.

2* asset protection

Legal steps taken by natural persons or legal persons to protect property that may be detained by creditors.

Because of the overseas measures taken by these offshore companies, many of our customers have established limited liability companies in Delaware for the above reasons.

More information is available on why we need to establish relevant pages of offshore companies.

3* assets

From an accounting point of view, the assets of a legal entity are all assets (cash, inventory, property rights, goodwill) that are displayed on the asset income statement and the rights claimed by other parties.

These assets can be applied to both personal and corporate responsibilities.

In the same way, the assets of a natural person form the property that he possesses and can be used to solve claims.

4* statutory shares

The number of legal shares is the permitted shares issued by the company in the articles of incorporation.

In general, we suggest that the number of legal shares is greater than the amount issued, so that the company has a certain amount of capital reserves.

5* bearer stock

A natural or legal person holding a bearer share is generally considered to be a shareholder and can pfer the ownership freely without having to deal with the shares registered by the owner in the stock issuing company.

That means pfer without pfer procedures to the issuing company.

7* good credit certification

A good credit certificate is issued to the legal entity by the Department of authority in the place of registration, such as an overseas company, the Panama individual foundation, Delaware limited or limited liability company.

These documents prove the real existence of the legal entity and conform to the good credit conditions of local laws (timely payment of annual fees and local taxes, if any).

And submitted an annual application form.

When a foreign legal entity wants to set up a subsidiary, or when a bank or brokerage company needs to open a bank account, it needs to submit a good credit certificate.

A good credit certificate is not a statement of the company's financial position.

8* incorporation registration certificate

The incorporation registration certificate is a certificate issued by the registration authority to the legal entity.

This document contains the contents and the basic information of the company, the legal registration and the company's basic information (name, date and place of registration, registration number, etc.).

The registration of a corporation is usually required when a local entity is required by a foreign entity to form a subsidiary, or when a bank or broker company needs to open a bank account.

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10* company

A company is an enterprise legal person established and registered in accordance with the company law.

In terms of law, from the perspective of shareholders' responsibilities, the company can be divided into limited liability companies, Limited by Share Ltd, Unlimited Company and two companies.

The second provision of the company law of China stipulates: "the company" as mentioned in this Law refers to a limited liability company and a Limited by Share Ltd established within the territory of China according to this law.

"The traditional company law stipulates that a company must consist of more than two investors, but in China, the state authorized department can invest solely in the establishment of a wholly state-owned limited liability company.

11* Company limited by guarantee

The members of the company agree and guarantee the establishment of a company funded by the fund. The public welfare organization is a Company limited by guarantee.

12* Limited by Share Ltd

Limited by Share Ltd means that all capital is made up of equivalents and capital raised by issuing shares, and shareholders are liable to the company by the shares they subscribe to, and the company is the corporate juridical person who is responsible for the company's debts with all assets.

Joint stock companies raise capital by issuing shares publicly to the public, belonging to socialized enterprises.

The company's shares can be freely pferred so that the public can directly participate in investment. This makes Limited by Share Ltd one of the most advanced and popular companies.

13* corporate director

Some registered places allow legal entities (companies) to serve as directors of the company.

This helps to limit the responsibilities of corporate directors and enhance the company's secrecy.

On the other hand, corporate directors may encounter bureaucratic hindrance in the unregistered places of this form.

Name of 14* company

The name of the company is the symbol of the company.

The name of a company must be chosen for its establishment. It has two main meanings: first, to indicate the legal nature of the company; and two, to protect the legitimate rights and interests of the company.

Once the name of the company is determined, the company has exclusive right to the name, and no other person can use the name again.

A company can use its own name to deal with others. The name represents the reputation of the company. If someone else uses the name of the company, it is a tort. The company may request relevant departments to protect it.

15* residence

From a legal point of view, it is the place where a person lives.

Generally speaking, the place of residence can be different from the present location. The place of residence is to go back after you leave certain factors.

16* avoidance of double taxation agreement

A double tax agreement is a situation signed between two countries to cancel two tax payments that may arise from the same income or profit.

It is possible to establish a legal entity in the place where the natural or legal person is located, and to generate income or profit in another place.

A double tax agreement assigns tax rights to income items.

However, some income items are still double taxation. Therefore, according to the avoidance of double taxation agreement, the tax payer's residence will be exempt from income tax or profit tax, or the tax will be credited to another country.

At present, there are few tax havens and the state has signed a double taxation agreement with China.

Mauritius signed a double taxation agreement with China, and China and Hongkong also have bilateral tax treaties.

17* holding company

A company that controls or manipulate the business of other companies by holding all or more than half of the ownership of other companies.

In law, companies remain independent.

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18* company registration

To establish a company's legal procedures, it is necessary to submit certain documents to the authorities concerned in the registration place. These documents are registered and registered by the power organ and become the specific legal documents of the company.

19* registered place

Within the scope of NCO's business, the place of registration is the country or region where a company is founded.

Every such registry has its own laws governing the establishment of legal entities abroad and the provisions for further activities.

Specific information can be viewed overseas.

20* issued shares

Shares issued to shareholders.

Registered place established by 21* company

It is the country or region where a company is founded.

22* legal entity (legal person)

A person who can accuse others, or be sued by others, or otherwise negotiate with others, but can have legal status as a natural person. For example, Limited by Share Ltd and government agencies can be regarded as legal entities.

23* liability

Any current or future legal obligations, such as debts under a contract.

24* limited liability

Shareholders' liability to the company is limited, and is related to the payment of the face value of the issued shares.

25* organizational syllabus

This document stipulates: the company name, the business activity (target) that will be registered at the location of the foreign representative office.

The company's goal can only be the main business of the company.

Generally, "target" can be written in a wide range, so that all kinds of legitimate activities can be allowed.

26* money laundering

The process of concealing, disguising or investing illegally obtained income through lawful activities or construction.

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27* natural person

The symmetry of legal person.

The person who becomes the subject of civil legal relationship based on birth.

28* nominal director

A client who serves as the principal of another (Beneficiary) and serves as the director of his position.

The real management rights still belong to the beneficiary or his agent.

29* nominal shareholder

A client who acts as the principal of another (Beneficiary) and is nominally the shareholder of his position.

From any point of view, nominal shareholders can pfer shares from beneficiaries to those with appropriate instructions.

30* appointees

The general names of nominal directors, nominal shareholders and other overseas legal entities.

31* offshore

Management, registration, operation and registration are in foreign countries (especially in overseas financial centers), and there will be specific tax plans and asset protection purposes.

32* offshore companies

An offshore company is the same as any other company, because it is a legally recognized limited liability entity.

Because such companies have the option of selling shares, they have the right to sue or be sued, and they have perpetual rights.

33* offshore financial centre

A registered place provides the following parts or services: lower or zero tax rates, lighter financial rules, bank anonymity or confidentiality services.

34* parent company

A company that has affiliates with its subsidiaries or branches.

35* partnership

More than two people, jointly for economic purposes, voluntarily sign contracts, jointly invest, operate, share profits and losses and risks, and jointly undertake unlimited liability.

The concept of partnership is called partnership. The concept of partnership includes two inseparable aspects: one is the partnership contract, which constitutes the binding internal relationship to the partners; the two is the partnership organization, which constitutes the external form of the legal relationship between the partners and the third party.

The partnership has the following basic legal characteristics: (1) partnership must be determined through signing a partnership contract; (2) partnership is an independent joint organization; (3) partnership is a joint investment and co operation relationship; (4) partnership is a relationship that shares interests and risks together.

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36* registration agent

A registered agent represents an overseas company, a Panama personal foundation, Delaware limited or a limited liability company in the registered place.

Registered agents generally provide registered office addresses, establish contacts with local government departments, receive legal tax documents or send notices to the company's location.

37* registration agent service charge

Tax havens require that only local professional and qualified organizations can establish an offshore company directly in the registry.

A local professional organization established by an overseas company is called a registered agent.

Service charges include all pricing charges.

38* registration of foreign representative offices

The registered foreign representative office is the legal address of the company, and the documents, summons and letters sent to the company by the official, court and procuratorate of the place of registration are sent to the address.

Registered foreign representative offices can be established at any place in the registered place.

It must be an effective address for company documents.

Registered foreign representative offices are provided by registered agents.

39* Privacy Act

Tax havens have special laws to prohibit financial institutions (banks, financial intermediaries, insurance companies, etc.) and advisers (intermediaries, accountants, lawyers, investment advisors, etc.) to divulge customer and account information to any third party.

Whether the third party is an individual, a company or a government applies the law.

All these laws require a minimum amount of penalty, including penalties for custodian's judgment and / or disclosure of information.

Once a depositor deposits his money in a bank or an intermediary company account, only one person knows the information according to the law.

40* stock certificate

A statutory official document issued by a stock issuing company to its shareholders, which records the type, quantity and stock number of the stock held by the shareholder.

Usually, a stock certificate must be signed by a company director and stamped with a company seal.

41* shareholders

The owner of a company's stock.

42* shell company

A company has been established in an offshore financial center, but the company has never participated in any commercial activities and obligations.

The client will become the new owner of the company and appoint the new director of the company and decide the issue of stock issue.

We can provide a lot of such companies with a fast speed.

43* tax haven

It means that a country or region has no tax or a low tax rate, which is conducive to the financial dispatch of international enterprises.

In addition, it should also have the following characteristics: stable currency, free exchange and conversion, considerable remittance of capital and dividends and pfer of assets, unlimited accumulation of profits or undistributed profits, clear business laws and supporting equipment for financial activities, stable government and encouragement of outsiders bills.

For overseas registration.

44* tax plan

A natural person or legal person may take legal measures to reduce the tax burden.

These overseas tools, such as the British Virgin Islands and the Cayman Islands, Delaware.

See overseas companies.

45* trust

In order to achieve a specific purpose, the property owner is entrusted by the signing of a contract to entrust the trust property (or his trusted person) to the management or disposal of the designated property.

It is a property management system between the parties, taking assets as the core, trust as the basis and entrustment as the way.

The trust must have a basic premise that the trustor must have the ownership of the property and the trustee can undertake this trust.