The futures game is a zero-sum game, or even a negative-sum game (transaction fees), and the funds in the market flow between the long and short sides, and there is no excess value at all, so it makes no sense to tax futures. Most of the companies involved in the UK futures market are also exempt from taxation, and income tax is levied only after individuals receive a certain amount of income.

It is also because Zhong Shi did not understand the rules of the game that he fell into the current situation, and to this day, he has to pay the corresponding taxes and fees to be able to continue playing in this market.

"Is there really no other way?" Zhong Shi frowned, looking at the amount in the account in a daze. In order to attract foreign capital, Singapore stipulates that foreign residents are not taxed on profits made in Singapore's futures market.

"I'm afraid there is no way this time, but in the future, you can invest in the name of an offshore company, so that you can avoid taxes, and you can also avoid capital gains tax, personal income tax, value-added tax, etc., and you can also hide yourself in the form of hidden shareholders!" The futures trader said eloquently.

"What? How do you know so much? For the trader in front of him, Zhong Shi didn't pay much attention to it. He began to seriously look at the white trader in front of him, his name was Raymond, he was 1.85 meters tall, with blonde hair, a high nose bridge and dark blue pupils. When Zhong Shi looked at him, he unconsciously straightened his chest, revealing a strong sense of confidence.

Compared to him, Andrew, who had been following Zhong Shi all the time, actually seemed a little obscene.

"Of course I know that, because I'm leaving HSBC to start my own hedge fund!" Raymond said proudly. He is an ace trader in the futures trading department of HSBC, and after making a name for himself in the futures market, he is not willing to accept that small share and intends to set up his own business.

There are many such traders in major financial institutions, and even within hedge funds, many traders go out every year to set up their own businesses, the most famous is George Bezos, a trader at Shaw's hedge fund, who founded Amazon after leaving Shaw's hedge fund.

In addition to the industry, there are many more traders who have left their companies to start their own hedge funds, the most famous and largest of which is the Tiger Fund after its liquidation after 2000, when a large number of analysts set up their own hedge funds, and Julian Robertson also made a windfall by investing in these hedge funds.

"Can I set up a company if I'm still a minor?" Zhong Shi asked curiously. In his mind, he always thought that a registered company must obtain the qualification of a legal person, that is, to be at least 18 years old.

"No, as long as you have the qualifications of a natural person, you can act as a director and shareholder of a registered company. You don't have to go in person to register, just let the agency operate it, and sign it when the documents are done! Raymond smiled slightly, he could see that Zhong Shi did not know much about the process of offshore company registration, so he explained it in great detail.

"Aren't you a customer of our private bank, haven't they told you about these things?" After Raymond had said a lot, he couldn't help but ask a little strangely.

“……”

Zhong Shi was speechless for a while, this private bank account was opened after HSBC knew that a large amount of money had been transferred to their economic account, and specially sent someone to vigorously advocate it. In fact, he basically had no other use than knowing that he could use his VIP card to log in to the VIP room at the airport.

The essence of private banking is to help customers with large amounts of money to manage their wealth exclusively, and each account corresponds to a dedicated person, who is basically a tailor-made financial expert. In addition to the large financial institutions such as JPMorgan Chase, HSBC, Deutsche and Merrill Lynch (investment banks), they also began to vigorously develop private banking business after the nineties.

The pinnacle of private banking is JPMorgan Chase Bank of the United States, which in the future will issue a limited edition of the Supreme Black Card, a super credit card that symbolizes wealth and status, and claims that customers with such cards can meet any request.

"Is Mr. Chung interested in investing in my hedge fund?" While Zhong Shi was stunned, Raymond wasted no time in promoting his fund.

For hedge funds, countries have strict regulations, for example, in the United States, it is stipulated that funds can only be raised through private fundraising, the maximum number of investors is limited to 100, the minimum investment amount is 1 million US dollars, and so on. In addition, hedge funds also have to set certain rules, such as no redemption within two years, what is the amount of management fees per year, and so on.

Therefore, when a sponsor wants to set up a hedge fund, it must have considerable contacts to be able to raise enough funds, and it must also have a fairly strong performance as a support to attract funds.

Today's hedge funds are no longer the so-called funds with risk hedging as the main operation strategy, and private equity funds that use financial derivatives as an investment strategy for profit purposes are generally called hedge funds in the market.

“……”

For such a blatant behavior of wooing customers within his own company, Zhong Shi was even more speechless. He didn't know if Raymond's behavior violated professional ethics, but he would never easily invest a sum of money in a hedge fund that didn't know where it would go. In fact, the hedge funds he invested in the United States were all well-known hedge funds in later generations.

Seeing that Zhong Shi did not give a clear answer after pondering for a long time, Raymond knew that there was no play, and he stopped selling it with interest.

After leaving HSBC's options trading room, Zhong Shi found a remote place and dialed the phone number left by the other party when he opened a private bank at HSBC.

"Hello, Mr. Zhong!"

As soon as the phone was connected, a crisp female voice came from the microphone. Her name is Lu Fei, and she is responsible for the operation of the Zhong family fund, but unfortunately she doesn't know the real owner behind the funds, and she stupidly often calls Zhongyi in the United States to promote business, but every time she is hung up by impatient Zhongyi.

"I would like to ask what services are available to open a private bank." Zhong Shi was stunned for a long time, and then asked tentatively.

Lu Fei quickly reacted, it turned out that the money was controlled by Zhong Shi. The names of the members of the Zhong family were firmly in her heart, she had never paid attention to this underage child before, and regarded him as a rich child who was shaded by her ancestors, but now it seems that everything is an illusion.

"Yes, yes." After answering a few questions, Lu Fei hurriedly replied, "My team and I will work together to tailor exclusive wealth management jihua for you, including providing funds, equity, bonds, foreign exchange, insurance and other types of investment portfolios, as well as providing professional advice on law, accounting, auditing, taxation and other aspects." In addition, we can also provide investment opinions on antiques, yachts, wine, art, PE, VC, etc......"

"So much service?" Zhong Shi muttered to himself. He really didn't expect that this private bank would have so many businesses that he didn't know, and basically with such a business, investment things could be twice the result with half the effort.

"Can you help me register an offshore company?" Zhong Shi asked tentatively.

"Of course, we are a professional team, and this kind of thing is just a small CASE." Lu Fei chattered. "Don't know where you want to register and how many?"

"Does it make a difference?"

"The difference is not very big, basically similar companies registered in the British Virgin Islands, Cayman Islands, Bahamas, Bermuda and Hong Kong only need to charge a small annual management fee. It's just that the laws vary from place to place, but they are basically the same. However, I recommend that you register an offshore company in the Cayman Islands, where there is no personal income tax, corporate income tax, capital income tax, real estate tax, inheritance tax, etc., basically there is no tax in all major places here. In addition to this, the company law here is based on the English business company law, and information about shareholders and directors is confidential and does not need to be disclosed to the public. There is also no need to hold an annual general meeting, except that the board of directors must hold a board meeting in the Cayman Islands once a year. Lu Fei is obviously very familiar with these, and almost without pause, he said the characteristics of offshore companies in the Cayman Islands.

"Now there is a problem, that is, I am not old enough to be a legal person!"

"It doesn't matter, shareholders and directors only need the identity of natural persons, and as for other things, we will naturally handle it for you. Just don't know what type of company you want to incorporate? Lu Fei asked carefully.

"Huh? And this question, what types of companies are there? Zhong Shi never thought that there would be so much knowledge in registering an offshore company.

"There are trading companies, investment companies, holding companies, financial companies, consulting companies, and employment companies, which are basically divided according to the purpose of the company, except for a little special in the registered name, the other places of origin are not much concerned."

"In this case, then you can register an investment company, a financial company, and a holding company for me first! It's called SkyLine, and I'm the sole shareholder and director, okay? ”

"No problem, we will complete all the registration work within three working days, and you can sign it when the time comes!" Lu Fei quickly agreed on the phone.

"One more thing, I want to short the Swedish Rilang in the foreign exchange market, can you help me find a corresponding counterparty?" Zhong Shi suddenly remembered a big event that was about to happen. (THANK YOU FOR THE LONG-LIVED TIP!) At the same time, thank you for your recommendation and collection! I hope more friends can pay attention to this book, xiexie~)