Chapter 940 Transfer of State-Owned Assets

Han Xuan is on the island of Vila, but he keeps about five phone calls a day, keeps in close contact with Mr. Card, and deals with the follow-up problems after Hamill takes office. Pen Fun Pavilion wWw. biquge。 info

On the Male Island, after Hamill recovered from his injury, he immediately began to form a new cabinet, and Han Xuan wanted to ensure that at least three-quarters of the members were on his side, and he had to install his own people in important positions one after another, and there were many things to be busy with, and he couldn't leave.

The Constitution of the Maldives provides that each administrative region shall have two elected representatives of the people in each of the atolls and the island of Male for a term of five years.

The remaining eight parliamentary deputies are appointed by the President, who also has the power to appoint or dismiss Cabinet Ministers and appoint all judges, and all citizens over the age of 21 have the right to vote.

In mid-September, the Prime Minister of the Republic of Sri Lanka and the Minister of Finance of Nepal came to the Maldives for state visits.

Han Xuan accompanied them to visit the developed islands, talked about the role of tourism in driving the local economy, and provided some suggestions for the future development direction of the two countries.

There is no way, except for him, there is no celebrity with the right status in the Maldives, and there are no large enterprises worth visiting, and Hamill has no experience in receiving foreign guests, so this task fell to Han Xuan.

But at the end of September, when the United Nations sent people to visit, Han Xuan did not come forward again, leaving Hamill to learn how to deal with these matters on his own.

Hamill, just after forming a cabinet and parliament in early October, made a strong announcement that he would carry out economic reforms, mainly in the Cayman Islands, including:

1. Abolish the foreign exchange control in the Maldives to make the funds of enterprises in international transactions more flexible.

2. Relax the approval process and registration policy, as long as you are at least 18 years old, you can register and establish a limited company, with a registered capital of only 50,000 US dollars, and no capital verification is required.

3. The company does not need to conduct substantive business in the Maldives, and only charges a small annual management fee.

4. The registered company only needs one shareholder and one director, and the shareholder director can be the same person, and the shareholder information is absolutely confidential.

5. Only 5/1000 of the corporate income tax is collected every year, and no other taxes are required.

This is the main thing, and there are also some local economic reform measures to ease restrictions and promote the development of local enterprises.

As soon as these were announced, other countries responded by accusing the Republic of Maldives of condoning economic crimes.

Shortly after the return of the United Nations personnel, the Secretary-General of the United Nations decided to come to the Maldives in person to discuss the matter.

If such a reform is really carried out, it means that many shareholders of registered companies may not have been to the Maldives once, and after obtaining the registered accounts, they will use the shell companies in offshore jurisdictions to create a large number of related party transactions, and then transfer the profits of the enterprises to the shell companies.

Because the Maldives corporate income tax is extremely low, those companies can legally buy high and sell low to offshore companies, leaving losses to domestic companies, avoiding domestic value-added tax, etc.

In the end, businesses and individuals make money, and the state collects less tax......

These were all Han Xuan's ideas.

The reason why he fell in love with the Republic of Maldives was that he wanted to turn it into his "economic enclave", and after thinking about it for a long time, he thought that it was very likely to succeed, so he let it go.

At his behest, Hamill immediately responded, saying that other countries interfered in the internal affairs of the Maldives and gave strong accusations.

And show the data, saying that the Maldives is now the lowest in the world in terms of per capita annual income, and only in this way can it develop its economy.

Compared with the British Cayman Islands' tax-free policy, the Maldives also levies a 5/1000 income tax, which is already very reasonable.

He also said that if other countries had any better way to solve the problem of poverty in the Maldives, such as providing 1 billion or 800 million US dollars in free aid every year, he would cancel this policy.

For the first time, Hamill made a sound in the international arena and successfully pulled Britain behind the Cayman Islands into the water.

European countries began to accuse the UK of allowing corporate tax evasion, making the Cayman Islands a legal tax haven for companies around the world.

Since the implementation of the Cayman Islands' liberal economic policy in 1972, tens of thousands of enterprises and individuals around the world have registered offshore companies in the Cayman Islands.

Seeing the implication of this unspoken rule, vested interests and business groups in various countries began to launch public relations.

Somehow, the protests against the economic reforms of the Maldives passed quietly.

Han Xuan, the mastermind behind the scenes, was not surprised at all.

Having taken this into account last year, he believed from the outset that the economic reforms of the Maldives would succeed if the Cayman Islands were dragged into the water.

Great wisdom is like a demon, and he is the one who is now......

After three rounds of discussions, the parliament formalized the reform on October 12, and the previously drafted document came into force at 9 a.m. on the 13th.

Now that the Maldives has implemented a liberal economic policy, it is only right that the former state-owned enterprises should also be liberalized and handed over to private management.

Under the leadership of President Hamill and Minister of Finance Mumoun, public bidding and auctions of state-owned enterprises including Maldives Airport, Maldives Airlines, Maldives National Bank, Maldives Electricity Company, and Maldives Freshwater Purification Company soon began.

An announcement was issued saying that half of the proceeds from the auction of state-owned enterprises would be nationalized and half distributed to more than 200,000 Maldivian citizens.

Hearing this, the people were simply overjoyed!

The previous company belonged to the state, and it had nothing to do with them, but this time it was sold and it could be shared?

Most people see only the bright side and fully support the economic reforms of the "great President Hamill", but only a few people find that these are the backbone industries of the Maldives and think that they should be cautious.

It's a pity that the sound was drowned out in the sea of people, and even a splash of water could not be splashed.

Powerful tycoons elsewhere have been bidding for the clock before they even get the news.

Dozens of companies that have just been established in the Maldives are "vying to buy", but in fact, the owners of those companies are all Han Xuan.

With a few exceptions, they were a conglomerate of local merchants who did not have sufficient financial resources.

The billion-dollar bearer bond that the Koch brothers "sent" to Han Xuan came in handy this time.

The Snow Mountain Investment Company, Han Xuan's personal accounts, and overseas travel funds were not a penny, and they successfully evaded the supervision of the US Internal Revenue Service, and spent $347 million to pocket all these state-owned enterprises in the Maldives, thus successfully controlling the economic and people's lifelines of the Maldives.

The rest of the money is going to be used to develop the Maldives airline, as well as to renovate the airport and develop the bank.

Recently, I have been busy recruiting talents all over the world, this is a new company that has not seen the light of day, and it is safe to have no contact with Snow Mountain Investment Company, and those people in the company cannot be used.

Apart from Hamill, even the Minister of Finance does not know who bought the companies.

The companies that won the bids through secret bidding were all registered in the Maldives, with different names, and the list of registrants was kept strictly confidential.

It is worth mentioning that in order to maintain confidentiality, the registration information is currently placed in the vault of the National Bank of Maldives, that is, Han Xuan keeps it himself, and no one can find it.

If one opens the second vault, they will find that there are countless large wooden chests inside, which are gold and silver treasures dug from the ground of the Hindu temple, which were transferred here after Han Xuan bought the bank.

So far, there has been no news of the temple being stolen, and it looks like it will be a long time before it is discovered.

Have been in the Maldives for two months.

At the beginning of November, Han Xuan truly became the underground king of the island nation, swaggering to the airport, ready to leave...... (To be continued.) )