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Summary of 629 plan
629 investment financing plan is for all countries except developed countries (except Albania, Bulgaria, Czechoslovakia, Hungary, Poland, Rumania, Mongolia, North Korea, South Africa, Japan, Australia and New Zealand.) .It attracts ICII members from these countries, and return small amount investors and investment adviser by bonus.
Raised fund in 629 plan
Raised fund is used for asset shareholding, bonds, money market, futures, balance/mixed fund, enterprise capital etc investment fields, use it to earn profit and add value.
629 plan
At present Hong Kong U.S.A. International Consulting Company has been established and its registration form is overseas offshore registration and it will set up companies in Malaysia, Singapore and other countries.
Note: the advantages of offshore registered companies
- Least limitation on international business.
- No taxes of opening an offshore account and charging offshore fees.
- Convenient for receiving or opening or transferring L/C.
- Free to draw deposit.
- No financing and investing limitation as shares holding company.
- No stamp tax when transferring shares.
- To protect priceless assets by offshore registered trade mark and its copyright.
- No tax buying real estate in the name of offshore company when transferring.
- No individual income tax when trusting property.
- ?No real estate tax when arranging estates
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