Mr. and Mrs. Zhang Ting, who were recently banned in China for suspected pyramid schemes, have transferred 60 billion assets under their names to the Cayman Islands. It has to be said that the Cayman Islands in the United Kingdom have become a "treasure land" for registered companies in the world. There are nearly 200,000 companies registered here, and well-known global top 500 companies such as Apple, Google, Tencent, Alibaba, Xiaomi, Evergrande and Coca-Cola are registered here.
The Cayman Islands is an overseas territory of the United Kingdom in the Western Caribbean Archipelago of the Americas, located in the Caribbean Sea in the south of the United States, between North and South America, consisting of three islands: Grand Cayman, Little Cayman and Cayman Braque. With a total area of about 264 square kilometers and a total population of about 70,000, it is a world-famous offshore financial center.
It is worth mentioning that although the cayman islands have a total population of 70,000, only 53% are caymanian natives, and eu-African mixed races account for the majority. The remaining people are mainly foreigners, and there are more than 200,000 registered companies here, which is simply more than the local population, which is equivalent to 3 companies.
The economy of the Cayman Islands is mainly based on tourism and financial services. This includes light industry and food processing related to tourism. Cayman's financial industry is developed, the level of economic development is high, and the per capita GDP has reached 60,000 US dollars, which is similar to that of the United States.
The Cayman Islands also has another famous nickname called "tax haven". In 1978, the British government issued a tax exemption decree that made it clear that companies registered in the Cayman Islands for less than 20 years would only have to pay a very small stamp duty, in addition to no other taxes. And companies registered in the Cayman Islands are also better listed, attracting many companies from all over the world to register here.
Companies registered in the Cayman Islands are eligible for tax incentives. Taking Tencent and Ali, which are registered in Cayman, as an example, the two companies will pay 20 billion yuan and 36.6 billion yuan in China in 2020. During the same period, Huawei paid more than 100 billion yuan in taxes, twice as much as Tencent and Alibaba combined.
I heard that Mr. and Mrs. Zhang Ting also registered a company in the Cayman Islands, and have transferred most of the assets of 60 billion yuan here, and the assets frozen in China are only a "dime a dozen" and are not worth mentioning at all.
