Chapter 99: Establishing a New Company!



"Brother Dong, we've arrived."

"Um!"

Jiang Fei's words pulled Chen Dong back to reality from his thoughts.

Several people got out of the car one after another.

The place where we got off the bus was a warehouse with a yard that we had previously rented in Xiushui Street.

It has changed its appearance and has become a branch of Longteng Foreign Trade in Yanjing.

In terms of scale and personnel structure, it surpasses the head office.

But that's understandable.

Although Longteng Foreign Trade's registered address is in Shenzhen.

But ultimately, the Yanjing branch is the key.

Thanks to the K34 international train, this place has become a link connecting the north.

A steady stream of daily necessities will be shipped from here to Moscow.

Back in the office.

Chen Dong contacted Lin Zhiyuan by phone.

These days, communication is barely better than nothing.

Many bosses carry a mobile phone in their hand while also having a pager hanging from their waist.

This is also related to the lack of cell towers.

Once you leave the city, a mobile phone is no different from a brick.

Over the phone, Chen Dong inquired in detail about the situation on Lin Zhiyuan's side.

I mainly wanted to ask him if he had managed to get a single permit.

A single pass, also known as a pass.

However, it is different from the pass issued after Hong Kong's return to China.

Simply put

Before 1991, as long as you could get a single permit.

With a single permit, one can settle in Hong Kong and become a legal citizen of Hong Kong.

However, after 1991, this condition became much more stringent.

In addition to providing various documents, information such as tax payment and social security contributions is also required.

The permit was applied for after 1997.

To put it bluntly, it's no different from a tourist visa.

At this time, Chen Dong chose to immigrate to Hong Kong, and his purpose was very clear.

What he valued was not the identity of being a Hong Konger.

To be precise, it's the convenience that comes with this identity.

First, with this visa, you can travel to more than 160 countries around the world without a visa.

And these are precisely the things that Chen Dong has his eye on.

The international financial market in the 1990s had little to do with China.

Even if you're incredibly talented, without the right channels, you can't even open an account.

Some time-travel novels describe people flying here today and there tomorrow.

It can do anything in the global financial sector.

Believe it or not, if you throw the author of the book back, he won't even be able to leave the country.

It's absurd that some people actually believe it.

Anyone who has traded stocks knows this.

Foreigners who want to buy stocks on the A-share market must do so through the Shenzhen-Hong Kong Stock Connect and the Shanghai-Hong Kong Stock Connect.

This is the same reason why Chen Dong needs this skin.

In the 1990s, to make a fortune from one black swan event after another, one had to have this kind of skin.

Secondly.

Before Hong Kong's return to China, it enjoyed the same treatment as foreign-invested enterprises.

All projects invested in mainland China will be subject to a two-year tax exemption and a three-year tax reduction of half the original amount.

In other words, once Chen Dong has this identity...

Whether it's Longteng Foreign Trade or Longteng Electronics, they can enjoy this preferential treatment.

Besides these.

We will not be held back when it comes to acquiring foreign companies.

Think about it carefully, after China's economic take-off in the 21st century.

Haven't we suffered enough unfair treatment already?

This is why Chen Dong was determined to get his hands on this skin.

"Brother-in-law, is there any progress on the single-entry permit issue?"

Upon hearing Chen Dong's words, Lin Zhiyuan responded over the phone.

"We have already obtained ten single-line permits, but the other party has also made some demands."

"Within one year, the investment amount in Hong Kong must not be less than HKD 6 million..."

Hearing this, Chen Dong was overjoyed.

At this point, obtaining a single-line permit is like having wings to take flight.

As for investing in Hong Kong, Chen Dong didn't seem to care.

This HK$6 million can be in stocks, bonds, or real estate projects.

To put it bluntly.

The point is to let the regulators see that you are a rich person.

They came to contribute to Hong Kong's development, not to cause trouble.

Without a second thought, Chen Dong readily agreed over the phone.

Then the two chatted about everyday things.

Chen Dong also briefly explained his thoughts.

After all, Chen Dong was not the only one who wanted to immigrate to Hong Kong.

Including her parents, there was her eldest sister Chen Nan, and her two younger sisters, Chen Xi and Chen Bei.

If you include her brother-in-law Lin Zhiyuan, then the number reaches 7.

As for the remaining three single-line permits, Chen Dong hasn't decided yet.

After hanging up the phone.

The weight that had been hanging over Chen Dong's heart finally lifted.

Without a permit, he would have to resort to the black market.

These days, the black market can be summed up in four words: 'omnipotent'.

However, the risks involved are also considerable.

Many TV shows and movies have featured scenes like this.

All of this was tolerable for Chen Dong.

The only thing I can't stand is that after all the hard work, opening an account at a financial institution is still a bit of a hassle.

Of course, these are just unconventional methods.

In other words, it's a last resort, a backup plan.

Money can buy anything!

This is not a joke.

As the saying goes, snakes have their own way, and rats have their own way.

Chen Dong also knew of several other ways to obtain legal status.

However, he himself was unsure about the timing.

Who knows whether the second-generation rich kid who handled the matter was in a good or bad mood at the time?

Back at my residence.

The moment Chen Dong saw Yulia, a feeling of guilt suddenly arose in his heart.

This chapter is not finished yet. Please click on the next page to continue reading the exciting content!

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