hollywood billionaire

Chapter 292 Exempted Companies
Xiaoru was stunned by this astronomical figure.

So does Yoo Jin.

A Korean girl who is proud and cold by nature, or a bit naughty, can't do what the other three girls did. When she thinks of Han Yi, she directly sends a FaceTime video chat request. Although she communicates with Han Yi every day through text, most of the time Wearing the cloak of work.

The same goes for this overseas phone call tonight. You Zhen struggled in the office of Xinghui Building for a whole day. He waited until midnight and the building was empty before sending Han Yi a WeChat message in the name of urgent matters. voice.

The so-called urgent matters were actually some details of the reception of Madison and Billie at the Mad City Music Festival. How could they not wait until Han Yi came back before making decisions.

Moreover, this kind of thing should be handled by artist managers themselves.

She just missed him.

At 08:30 in the morning, I received a voice from You Zhen in a daze. Far from getting up, Han Yi was not angry, but actually quite happy.

He was always the one calling Yu Zhen. When the latter was busy in the office, he would pick up the call and just say he was busy before hanging up.

The iron tree is in bloom today.

As a result, Han Yi, who was talkative and excited, told, and Yu Zhen, who was quiet and tired, listened. All the wonderful stories that she had not had time to explain in detail during this trip to Europe fell into her ears.

Including this nine-digit world-famous painting.

"I don't mean to meddle in other people's business, Yi." Zhao Youzhen's tone was obviously worried, "But, is your...cash flow okay? I seem to have bought a lot of things recently."

An employee should not discuss cash flow with the boss.

But this is off-duty time.

Youzhen's current identity is that of a girl whom Han Yi likes, and she also likes Han Yi.

Just half a step away from your lover.

Be considerate and considerate of yourself, and occasionally speak carefully.

"It's okay, don't worry." Faced with this kind of problem, Han Yi had already thought of a way to deal with it, "It's not my money... My family has always wanted me to help make some relatively stable investments and exchange cash for Save it as an asset.”

The first half of the sentence is true.

It wasn't his money in the first place.

It fell from the sky and fell into the memo.

The second half of the sentence is also true.

Making steady investments and looking for assets that can maintain their value and hold them for a long time are Auntie Ling's own way of saving money, and it is also her sincere teaching to her son.

How can there be a lie when two truths are added together, right?

He neither said that the money was given by his family, nor that the money belonged to him...how the listeners interpret it is their own business.

A thousand Hamlets.

In fact, Antoine Gashe, who assisted Han Yi in handling this series of asset acquisition matters, also expressed similar concerns in a subtle and tactful manner. A manor of 2000 million euros, a yacht of 9000 million euros, and a Klimt oil painting of 1.5 million U.S. dollars. A trip to Europe will cost 2.6 million U.S. dollars in half a month. No matter how rich the wealthy businessman is, I will also be moved by the speed of spending money.

In front of Antoine, Han Yi used the same ambiguous words.After seeing the employer's deliberate cover-up, the asset manager of Han Capital did not inquire further.After all, from the first day of employment, Han Yi made it clear to Antoine Gachet that his main task was to help Han Capital complete asset allocation. As for where the cash for asset allocation came from, it was not his need. The main thing to worry about.

Antoine Gachet, who was born in Nice, works in London, and has reached high positions in Zurich and Geneva, can be said to have been dealing with all kinds of invisible rich all his life, and he has long learned to put a mask on his eyes and ears. layer filter.Ask what you should ask, listen when you should, and do your duty as a manager. Otherwise, never show any curiosity.

If Antoine Gachet is really the kind of character who is very interested in everything, insists on finding out the details, and becomes restless when he cannot find the answer, he can continue to stay at the Edmond de Rothschild Estate. .

Aren’t the secrets buried by that family richer than those of Han Yi alone?

And this is also the key reason why Han Yi extended an olive branch to Antoine Gachet in the first place, and in the past few months, he has become more and more trusting in him and entrusted him with more tasks.

On the surface, self-awareness means that the most valuable quality of a person is to be able to position himself correctly.

But in Han Yi's view, this sentence has another hidden meaning——

Only by being able to position oneself correctly will one's worth become more expensive.

Because, in theory, there are many talents who see the red line in front of them and can resist the temptation to cross it, but in real life, they are rare.

Judging from all the current signs, Antoine Gachet is such a talent.

The French asset manager took the phrase "your wish is my command" to the extreme. On the Gulfstream G650ER returning from London Heathrow to Los Angeles International Airport, apart from two or three hours of closing his eyes and relaxing, Antoine Wan barely paused for a moment.As a result, before Han Yi's private jet even landed, the draft contracts, transaction memorandums, tax forms for each country including W-2.6, and the specific transaction procedures for three asset acquisition cases with a total value of US$9 million were compiled into The final PDF version appeared in his email inbox.

Of course, Han Yi also put forward many modifications to the plan set by Antoine. The most obvious changes were the signing dates of the three contracts and the subsequent finalized payment cycle.

Han Yi does not have 2.6 million US dollars in cash. At present, including the 1.26 million US dollars in rewards that have not been used in the memorandum, the balance he can use is about 1.38 million US dollars.

If you want to take advantage of all three assets, you must accurately calculate the speed of advancement of each acquisition and the completion time of the transaction.Sort out the order of things, buy one thing first, and then use the rebates you get to buy the next one, until you have all the yachts, famous paintings, and manors in your pocket.

This is true, time is money.

The asset at the top of the transaction sequence is naturally the TV number that was finalized at the end of September.

On October 10, the surveyor Stefano Pisano sent by the Piero brothers issued a formal ship inspection report.Han Yi originally thought that this kind of inspection report should be about the same length as the report issued by the insurance company when assessing the damage of the car.Therefore, when he actually saw the electronic version of this report, shock was not enough to describe his mood.

Including the cover and table of contents, the entire report has a total of 68 pages, divided into general information, defect categories, term definitions, overall survey information, ship data, hull condition, deck and superstructure, hatches and windows, moisture content, transmission system, Cathodic protection system, cockpit and navigation system, DC power system, AC power system, bilge and sanitary system, anchor and berthing system, interior decoration, overall condition assessment, safety equipment assessment, and condition assessment of 120-minute sea trial, etc. There are ten major categories, followed by three indexes, which are Class A defects, Class B defects and Class C defects detected by TV number.

Category A defects are defects that seriously endanger the seaworthiness condition, navigation safety, or the safety and health of personnel on board, and require immediate rectification. Class B defects are those that do not pose a serious safety threat or only affect navigation comfort, so they have a lower priority for rectification. However, some Class B defects may develop into Class A defects at any time and require regular monitoring. .As for Class C defects, they are those that do not pose any safety threat. In most cases, they are cosmetic defects that do not require repair, but may affect the overall appearance of the ship and reduce its market value.

In the hands of the Azcarraga family, the TV number was well maintained, and Stefano Pisano found only 7 Class C defects, 3 Class B defects, and 1 Class A defect. One Class A defect is that a battery component of the stern thruster is aging and rusty and needs to be replaced immediately. The three Class B defects are all areas that are not noticed during normal use. For example, the sealing strip of the skylight is worn, the refrigeration function of the refrigerator on the right side of the kitchen is reduced, and the spacer ring of the stern winch is partially damaged.

As for Category C defects, they are even more minor. For example, the upper part of the hull that should be painted with blue paint is a little white, the gelcoat on the port side of the foredeck needs to be repaired, and the gelcoat on the upper deck has cracks, etc.

It does not affect the overall transaction, but you can still strive for the discounts you should strive for.After negotiation between the two parties, the transaction price of the TV was still maintained at 9000 million euros, but Azcaraga-Jean needed to repair the detected problems one by one within the next two months before delivering the ship to Hanyi .

The pre-sales inspection work came to an end, and Stefano Pisano rushed back to Livorno to continue the engineering quality supervision of the Seasense.Next, the details that need to be connected between the buyer and the seller will be fully taken care of by Chris Callahan, who stayed in Europe after the Monaco Yacht Show and was specifically responsible for completing this transaction.

First, Hanyi has paid a 10% refundable advance payment.After passing the pre-sales inspection, he still needs to pay another 40%.The last 50% will be paid after the yacht officially changes its registered owner.

The current registration place of TV number is the Cayman Islands.The Azcaraga family created a limited liability company here specifically to manage this yacht.Han Yi, who bought the TV, had two options. The first was to change the owner of the yacht in the Cayman Islands.The second is to directly change the registration place of the vessel and register it in another place.

There are pros and cons to both options, but obviously the first option has far more benefits.

Is there any reason to abandon the Cayman Islands?
There is zero income tax, capital gains tax, property tax, payroll tax and value added tax, and there are no additional administrative costs associated with owning the ship in the Cayman Islands and paying the crew from a Cayman Islands company account.

In addition, the Cayman Islands is a leader in the red flag group. Ships registered here can travel unimpeded all over the world.

What’s even more exciting is that, according to Antoine Gachet, the Cayman Islands also allows foreign citizens to apply to register a business form called Exempted Company.

Exempted Company, as the name suggests, requires very few regulations to comply with compared to other forms of business formation. Apart from basic company laws, it is almost not subject to the laws of the Cayman Islands.Not being bound by the laws of the place of registration also means not being bound by the laws of any country or region in the world.Exempt businesses are not required to publish shareholder lists or hold annual general meetings on the island.

what does this mean?
As long as Han Yi doesn't want to, his name will never be associated with the TV number.

For him, who has a special situation and attaches great importance to privacy and anonymity, this is the biggest advantage of registering in the Cayman Islands.

Not only that, the Cayman Islands has also thoughtfully prepared a full range of privacy protection services for the wealthy in the form of "mandatory requirements".

To give a simple example, a key step in setting up a company in the Cayman Islands is to hire a registered agent.

Under the Cayman Islands Companies Law, every company incorporated in the Cayman Islands must have a registered agent who is physically resident in the Cayman Islands.The registered agent's job is to act as the company's representative and accept official correspondence and legal documents on the company's behalf.

This measure, on the one hand, can provide additional privacy and confidentiality measures for company owners and shareholders.Because a company can choose to make public the address of its registered agent and keep the personal addresses of directors and shareholders private.On the other hand, the 6.8 residents living in the Cayman Islands can also obtain considerable economic benefits.

As of 2016, there were a total of 11 private companies in the Cayman Islands, and they are still growing at a rate of 1.02 newly registered companies every year.Just collecting agency service fees can allow island residents to obtain a stable basic income.

In addition, the Cayman Islands also allows the company to appoint an acting director to replace the real owner as the legal representative of the company to further ensure that the actual owner of the company will not be discovered by anyone.Acting directors do not need to be responsible for the day-to-day operations of the company, and in most cases, they will not be the confidants of the actual controller of the company.

Just find an ordinary resident on the island who wants to make some extra money and sign an agency agreement to ensure that the actual controller has management and decision-making rights over the company.

The registered agent’s annual service fee is Cayman dollars 1829.27.The annual service fee for an acting director is Cayman 2100.Han Yi doesn't need to worry about these two candidates. His lawyer Jordan Bromley has helped countless people in the entertainment industry set up companies in Hongqi Group countries. Just find two familiar faces who have worked together. Anyway, the terms of the agency agreement are strictly restrictive. Moreover, it is renewed once a year, and the company's business structure is not complicated. It does not make much difference who becomes the director.

In addition to the company registration fee of 3000 Cayman dollars charged by the Cayman Islands government and the 80-day company name retention fee of 60 Cayman dollars, the entire process will cost a total of 7089.27 Cayman dollars in the initial stage, equivalent to 8507.124 US dollars.

Compared with the cost of company registration in other countries, it is indeed much higher, but considering the essence of tax-free operation after registration, the high startup costs are not so unacceptable.

What's more, the whole process is really easy.

Han Yi doesn’t need to go to the Cayman Islands himself. He doesn’t even know the name of the international airport there. He only needs a few copies of his passport and a few pages to sign. One room belongs to him, but no one knows the exemption that belongs to him. The company is established.

Everything was so relaxed and freehand that the biggest problem Han Yi encountered in the process was what kind of name to give.

What code name should the company that hosts the yacht and the yacht itself change to after Han Yi takes over?

　There are a lot of things to do today, but relatively few things to do. Tomorrow will be a big chapter
　　
　
(End of this chapter)