Chapter 107 How to Pay Less and Cross Holdings

On the second day after he separated from Annie, Li Changheng went to register a company in person.

The surname Lee in English has nothing to do with 'Li'.

But the adoptive father who adopted him was named Li. Thank you, of course Henry Lee, an orphan, would not deliberately tell others that his original surname was not Li, but LEE.

However, using LEE to register the company name is still in line with the habits of Europeans and Americans, and it is easy to connect with the owner.

After paying the down payment of USD 800,000 for the garden street villa, he still has USD 670,000 in hand.

First use 100,000 US dollars to register a company in London, and then plan to go to the Cayman Islands to register a company, inject 500,000 US dollars, and then use the Cayman company to buy shares in the London company.

After the whole morning, there was a lawyer from UBS, and a senior lawyer who was in charge of corporate law joined, and everything was much easier.

But when the lawyer saw the name of the company, he not only directly rejected it, but also asked helplessly, "Sir, have you never heard of LEE jeans in the United States?"

Li Changheng was taken aback, and cursed in his heart, he had heard of Armani, Versace, Maybelline, and Lancome, but after that he never remembered the names, only looked at the prices and reviews of clothes.

After coming to this world, if you have money, you can directly order suits, shirts, and leather shoes. You don't need to remember the names, you just need to remember the famous tailors and the phone numbers of the tailors.

Not only come to measure the size, professional tailors will also make clothes according to his requirements, but also provide door-to-door try-on and modification services.

After thinking about it, Li Changheng, who has a name disorder, simply used the name Henry-LI as the company name.

The newly established company has only two shareholders, and Li Changheng himself joined a tax haven company in the Cayman Islands.

Moreover, this Cayman company is controlled by companies in four tax havens in Luxembourg, Bermuda, Monaco and Ireland.

In short, it is obvious that the people of England and the United States can't find out who the shareholders of these companies in tax havens are.

However, Li Changheng did not dare to act too recklessly.

In the Henry-LI company, I reserved 39% of the shares with 10,000 pounds plus technology, and if I get more than 33.3%, I will automatically have a vote or otherwise.

An additional 5.67% of the shares were reserved to cope with possible new cooperation in the future and the need to dilute the space for the shares.

In this way, it means that you can pay 6 layers of tax less at once. If you are even a little bit darker, you will not only not have to pay tax, but you can also get a tax refund from the English to make a small amount of money.

To put it simply, the trolley bags of Henry-LI Company are authorized to produce by an Irish company at a price of one pound.

The Irish company set up its sales headquarters in Switzerland and its production base in Spice Harbor.

Selling one million bags, Henry-LI received a licensing fee of £1 million.

However, R&D requires money. Recruiting employees, paying salaries, renting venues, etc. all have costs.

Once 1 million pounds is not enough to pay the company's expenses and R&D expenses, it will be a loss, and the loss can be applied for tax refund in England.

The cost of operating a company in Ireland is extremely low, and the annual payment is a fixed amount, and there is no need to pay taxes.

The sales headquarters is in Switzerland, and the money goes into the bank. No one can find out how much money they have made for at least thirty years.

As for the Spiceport company of the foundry, the foundry does not make money, or only 5-10% of the profit, is it not normal to use it to maintain the operation of the factory?

In this way, isn't it cool to start a company to not only earn money from customers, but also earn money from England's tax department?

As for how to legalize the money in Irish and Swiss banks, I won’t talk about this. There are many ways, but it’s better to be honest.

Even after he and Annie made their relationship public, Henry-LI still couldn't do too much.

However, with the share of profits from the Irish and Swiss companies, and the fact that 61% of Henry-LI’s shares are owned by companies in tax havens, under the triple profit sharing, Li Changheng has actually paid at least 8 layers of taxes less.

And, it's all perfectly legal.

Even after talking with a barrister specializing in company law who quoted a price of 100 pounds an hour, Li Changheng suddenly realized that the complicated tax avoidance methods he had come up with seemed to have not appeared in this era.

Without any hesitation, for the sake of confidentiality, except for the establishment of Henry-LI Company, a lawyer was hired.

For things like other companies and share contracts, I would rather spend more time, and even read the relevant legal documents and contract templates, and I have to do it myself.

Then separate and rationalize the contracts of each step, and invite different lawyers, even local law firms in Ireland and Switzerland, to review whether they are legal separately, and then compile the final step by yourself.

So, after he traveled all over Ireland, Luxembourg, Bermuda, Monaco and other countries, plus the 2 million pounds of old banknotes brought out from UBS, he bought gold in more than 20 banks on four offshore islands, and then returned to the In London, it was already twenty days later.

And he didn't go to Spice Harbor because he couldn't build a factory by himself.

However, in the past 20 days, I was not only busy buying gold, but also applying for contracts, shares and companies. In my spare time, I had drawn more than a dozen drawings of bags, design sketches of pull rods and pulleys.

This thing is actually a concept, and anyone can draw it in the future. The only difference is whether it looks good or not, and whether it meets the standards of the drawing.

And once the product comes out, it will be imitated 100% or even copied directly.

The rest is to make, then experiment, find mistakes, and find sources of raw materials.

How to save costs, how to promote the problem.

Not only was he so busy that he even forgot his own birthday, but he also released Philip's pigeons.

It made Frank, who was waiting at the Ward Hotel in Knightsbridge, froze at the corners of his mouth anxiously, and his voice became hoarse.

But when Li Changheng saw Frank, he immediately thought of the best way to promote it.

Those who can afford to fly must be above the middle class, and pilots and flight attendants are definitely the best promotion groups.

Therefore, without saying a word, Li Changheng listened to Frank's complaint honestly, and did not even look at the 3 red diamonds, 2 pink diamonds, and 21 flawless white rough diamonds over ten carats on the table.

Put it in your pocket directly, "According to the agreement, I will give you two hundred thousand dollars, is it okay?"

"No problem." Upon hearing that the money could be collected immediately, and the profit was another one hundred thousand dollars, Frank immediately saw Li Changheng's pleasing to the eye, so he did.

However, this guy's eyesight is indeed very strong. Seeing Li Changheng's indifferent behavior, he wondered in his heart whether this friend of his has found another profitable business.

He smiled and said in a hoarse voice, "Henry, we are partners, but also friends, don't forget me if there is a way to make money.

Moreover, you know my ability, and I promise to complete any task you assign."