Starting out as a drug dealer in 1988

Now that he knew this situation, Zhao Wenhao certainly wouldn't let go of such a good opportunity.

It just so happened that the Canton Fair was quite fruitful, and he planned to transfer all of this money to his company in Hong Kong Island.

As for Hengyuan Electronics, the loan has been approved, so funding is not a problem for the time being.

Moreover, Hengyuan Electronics' sales situation is so good now, so there is naturally no need to worry about not being able to repay those loans.

If possible, if there is sufficient funds in the future, he will continue to increase his investment in Hong Kong Island.

Therefore, this trip to Hong Kong Island took place.

Fang Qiming was indeed very efficient. About half an hour later, a woman walked in with another man.

The man looked to be in his forties and was very elegant. He was wearing a black suit and a pair of gold-rimmed glasses, giving off a steady and professional feeling.

"Mr. Zhao, this is Mr. Yao Kai. He was originally a lawyer, but later he founded his own company. If you have any needs, you can tell him directly."

Fang Qiming pointed to a small meeting room nearby and said, "If it's not convenient to talk here, you can go over there."

Obviously, Fang Qiming did this to avoid causing unnecessary trouble and misunderstanding, so he deliberately chose this way to deal with this matter.

Zhao Wenhao was naturally very satisfied with this arrangement.

After all, this makes it easier for them to communicate, and there are some things he doesn't want others to know.

So, under the guidance of the female secretary, Zhao Wenhao and Yao Kai walked into the conference room next door.

After entering the conference room, the two shook hands and greeted each other, and then found a seat to sit down.

"Mr. Yao, nice to meet you!" Zhao Wenhao said to Yao Kai with a smile.

"Mr. Zhao, I am also honored to work with you." Yao Kai responded.

After a round of greetings, the two sides began to get down to business.

"Mr. Yao, I have a business in mainland China that's doing pretty well. However, as the business grows and the market expands, I will consider investing in Hong Kong Island and other overseas regions.

Therefore, I hope to get some professional advice and guidance to ensure that my investment is smooth and legal." Zhao Wenhao said straight to the point.

He knew that when communicating with a professional like Yao Kai, there was no need for excessive greetings and preparation, he could just state his purpose directly.

Yao Kai listened to Zhao Wenhao's request with a smile, and then fell into deep thought.

After about half a minute, he slowly spoke, "Mr. Zhao, based on my experience and understanding of the current economic environment, if you want to invest in Hong Kong Island and other overseas regions, then in addition to the physical operating company you currently own, you will need to register four different types of companies."

"Four?" Zhao Wenhao was slightly stunned and asked in confusion, "What types of companies are these four? Why so many?"

Yao Kai smiled and patiently explained: "First, you need to register a company in the British Virgin Islands. The reason for choosing to register a company here is simple, that is, confidentiality is good.

The British Virgin Islands has very strict protection for company information, which can effectively protect your privacy and business secrets. At the same time, the tax policy here is relatively relaxed, which helps to reduce costs.

After listening to this, Zhao Wenhao nodded, indicating that he agreed with Yao Kai's point of view.

After all, future investment projects involve a lot of sensitive information and business secrets. If too many people know about it, it may cause unnecessary trouble or even losses to the investment.

Therefore, choosing the British Virgin Islands as your first place of registration is indeed a wise move.

Yao Kai continued to explain: "Next, we can register another company in the Cayman Islands. As a world-renowned offshore financial center, the advantages of registering a company in the Cayman Islands are self-evident.

I think you are already aware of these benefits, so I won’t repeat them here.”

Zhao Wenhao nodded again in agreement.

He understands that the Cayman Islands' relaxed legal environment and favorable tax policies can provide companies with more convenience and flexibility.

Yao Kai continued: “Then, we will use a British Virgin Islands company to hold shares in the Cayman Islands company. Finally, we will register a company in the Hong Kong Special Administrative Region, mainly for the purpose of achieving actual tax optimization.

Of course, to avoid unnecessary trouble, it is recommended not to register in your own name, but to find a reliable person to serve as the legal representative.

After thinking for a moment, Zhao Wenhao looked at Yao Kai again, as if wanting to confirm whether this plan was feasible.

Yao Kai continued to explain the next steps. "Through the above steps, you will need to register three companies in total. In addition, you will need to use this Hong Kong company to establish a wholly foreign-owned enterprise (WFOE) in mainland China. This will help you conduct business better and enjoy relevant policy benefits."

"The specific operation is as follows: the profits earned by Hengyuan Electronics will be distributed to the wholly foreign-owned company through a control agreement. The profits earned by the wholly foreign-owned company in mainland China can also be transferred to the investment company in Hong Kong.

Afterwards, the Hong Kong company will distribute the profits to the Cayman company. The Cayman company can serve as the main body of the company and can conduct a series of operations such as fundraising and listing.

As for companies in the British Virgin Islands, their main purpose is to keep relevant information confidential. If you want to go public, shareholder information must be made public, so you need a Cayman company.

Of course, if Hengyuan Electronics wants to go public separately in the future, you can do so."

Yao Kai was explaining everything to Zhao Wenhao at the same time. It was not until half an hour later that Zhao Wenhao finally understood the whole situation.

Professionals are professionals. Even if Zhao Wenhao roughly knows some of the operating methods, someone as professional as Yao Kai cannot do it.

"Mr. Yao, how long will it take to get all of this done?" Zhao Wenhao asked again.

Yao Kai thought for a moment and then replied, "All the formalities will be completed in about half a month."

Zhao Wenhao nodded. It was completed in half a month, which was quite efficient.

Although he only had seven days this time, he knew it was impossible to complete the process in one go. He could only wait until Yao Kai finished the process before coming back.

"Mr. Yao, thank you for your help." Zhao Wenhao stood up and extended his right hand.

Yao Kai smiled and extended his hand as well, "It's a pleasure to work with you."

Afterwards, Zhao Wenhao gave the relevant information to Yao Kai and signed a power of attorney agreement and a confidentiality agreement.

If nothing unexpected happens, he will be able to get some benefits when the Southeast Asian financial crisis begins.

Therefore, he did not want others to know of his existence, including Fang Qiming.