Chapter 409: The real place to make money in Cayman is not the casino

January 8th.

The entire Cayman Islands is decorated with lights and colors.

There is a festive atmosphere everywhere.

8:08 pm.

As a huge firework bloomed in the sky, the Cayman Island opening ceremony officially began, and two warships fired 36 cannon salutes.

First Hardy came on stage to speak, followed by a lively performance.

9 o'clock.

People began to move around freely, some rushed into the casino, some walked into the luxury shopping street. Although there were only more than 10,000 tourists on the island, the vast majority of these people were either rich or noble.

Margaret met Hepburn and liked her very much, so she took her shopping. If the casino belongs to men, then the shopping street belongs to women.

There are no messy people on the island and people can fully enjoy this freedom.

Many people play all night long and forget about time.

11pm.

Princess Margaret secretly got into a car that came to pick her up, boarded Hardy's large yacht at the dock, and the yacht went out to sea.

In the master bedroom,

Princess Margaret lost herself in the calls of baby.

......

The next day.

Many people don't get up until noon.

Then received a notification.

In the afternoon, there was an economic business exhibition at the island's exhibition center, and people from the business community were invited to participate.

Hardy already wanted,

These people who came,

We want them to spend more than just money on entertainment.

You can also make money.

This is the only way to make people linger here.

In the economic exhibition hall, the first lecture was given by an economist who talked to visitors about how the tax avoidance policy of offshore companies can help businesses.

There were hundreds of bigwigs from various industries sitting in the audience, more than the number of bigwigs who attended the national economic annual meeting.

On stage,

The middle-aged economist spoke eloquently.

"You are all business elites who have achieved certain results in certain areas. I wonder if you have ever come into contact with a separation company. A separation company can help you reasonably avoid taxes on your overseas business. Please note that this tax avoidance policy is completely legal."

"Let me give you an example so that you can understand how to operate more intuitively," the economist said as he drew a triangle on the blackboard.

Foreign companies, US companies, Cayman companies.

If the United States orders goods worth 1 million US dollars, if they are exported directly to the United States by a foreign company, what will the tax rate be? If they are transferred through the Cayman Islands, hundreds of thousands of US dollars will be lost, and these hundreds of thousands of US dollars will remain in the Cayman Islands.

This money still belongs to you, but you don't need to pay taxes on it because the price is lower, the tax rate in the United States is lower, and your personal income tax is also lower. Overall, you can save more than 200,000 US dollars.

Many people were shocked.

It turns out that this is also possible.

Best of all, it is completely legal to do so.

The economist exclaimed: "This is just the simplest way to avoid taxes. There are many places where you can avoid taxes."

"The Cayman Islands is now the only tax haven in the world. There are no taxes here. Cayman companies can be listed freely in the United States and the United Kingdom without any restrictions. The Cayman Islands has regulations that are conducive to confidentiality for international commercial companies."

"Registering a company in the Cayman Islands can circumvent foreign exchange controls. After the company is registered, it can open an offshore account and receive foreign exchange freely."

"Cayman has no personal income tax, no corporate tax, no inheritance tax, and no trust tax. It is very convenient to register a company. You only need to pay a fixed account opening fee and a certain management fee every year to open a company."

Many people are calculating in their minds.

If you move your company to the Cayman Islands or open some branches here, how much money will your company save every year?

This is by no means a small number.

At this moment,

Many people were moved.

......

In another exhibition hall.

An economist is talking about how to set up a family trust.

"Family trust funds are very important to a family. Many heirs are not qualified managers. How can they maintain a long-term prosperous life? Trust funds are the most feasible way to provide protection for family members."

"Wells Fargo's trust business in Cayman is managed by a professional economic team, which generates income every year and can keep the family trust fund running for a long time."

"Another point is that after you open a trust, the stocks you hold will be separated from you. If you get divorced during this period, you will reduce the loss. If you hold stocks as an individual, you need to give half to your wife. But if it exists as a family trust, I'm sorry, it won't be distributed to anyone."

......

The third exhibition hall.

Some banks, especially Wells Fargo, showcase their overseas cooperation projects and investment projects. Some business owners usually only focus on their own business and have a vague concept of investment. Now banks can help you with professional and reasonable resource allocation.

For example, some celebrities,

Because of their fame, they may have earned millions of dollars, which is not a small amount of money in the United States today, but they know nothing about investment.

Cayman can help you invest.

In fact, Bank of America has always provided investment assistance, but what Cayman offers is global investment, which has a wider business scope.

The investment projects offered by Cayman include those from more than a dozen countries and regions including Italy, the United Kingdom, France, Denmark, the Netherlands, Japan, Hong Kong, Penang, Malacca, Singapore, etc., totaling more than 300.

Many people left the exhibition hall.

Still discussing financial investment issues with friends.

At this time, someone said, "I saw a quote for the annual membership fee for the Cayman Islands. It's 15,000 per year. This price is not low."

Someone nearby said, "The price is not low, but I believe that more people will be willing to become members of Cayman. Not only can we have fun here, but we can also make money here. This will become a club for wealthy people all over the world in the future. $15,000 is not expensive."

"Indeed, being able to gather so many wealthy people, politicians, and celebrities is such a huge amount of resources. Even if we can get a little bit of resources from this resource pool, it is enough to make a fortune."

Someone nearby did some calculations.

Then he was surprised:

"If there are 10,000 members in Cayman, my goodness, that would be 150 million US dollars a year. And I think it's definitely more than 10,000. If there are 100,000 members, that would be 1.5 billion."

Not counting not knowing,

This is a truly astonishing number.

Even if we exclude some free cards, such as those given by the president, congressmen, politicians, and heads of top conglomerates, and only collect membership fees from the second-tier wealthy, the amount of money is still an astronomical figure.

How much does the casino earn?

What is duty-free shopping?

They discovered that membership fees were where Hardy made the most money.

......

After Cayman Island officially opened, although a large number of guests left after three days, there are still thousands of people here every day.

These thousands of people,

The service you enjoy is more complete.

And during this period.

More and more companies are being established in the Cayman Islands. People have discovered the benefits of offshore companies, and some companies will naturally not give up their profits in vain.

After leaving the Cayman Islands and staying in the United States for a few days, Hardy flew to the United Kingdom to receive the ceremony of being conferred the title of Viscount.

The British royal family holds a investiture ceremony every year.

The last time Hardy was conferred the title of Governor of Cayman, it was a temporary conferment and a separate ceremony was held. This time, he was conferred the title of Governor of Penang and Malacca and was awarded the title of Viscount. It was not so urgent, so it was arranged in the normal conferment ceremony.

There are more than 20 people who were canonized this time, not just Hardy.

Among them, the highest rank is one who inherited the family title of duke, and two inherited the title of earl. There are three who were conferred the title of viscount, and except Hardy, the other two are all British Cabinet Ministers.

The sealing ceremony was very grand.

Hardy had been through this process once before, so he was familiar with it. However, this time it was not King George VI who was canonized, because he was already terminally ill. Historically, this person would die of cancer in a few months, so the person being canonized this time was Princess Elizabeth.

Princess Elizabeth placed the sword on Hardy's shoulders.

Hadi read the oath.

From now on, he became a hereditary viscount of the United Kingdom and was granted the fiefdoms of Penang and Malacca.

Although it is just a formality, it also establishes Hadi's legitimate status over Penang and Malacca. Sometimes names are important.