Core Insights - The meetings held by the Hebei Securities Regulatory Bureau focused on mergers and acquisitions (M&A) policies, tax planning, and financial service innovations, with over 150 representatives from regulatory bodies, listed companies, and financial institutions attending [1][2] Group 1: M&A Policies and Trends - The revised "Management Measures for Major Asset Restructuring of Listed Companies" emphasizes policy optimization, including phased payment mechanisms, enhanced regulatory inclusiveness, simplified review processes, and support for industrial integration [1] - In the first half of 2025, A-share M&A transaction volume increased by 71% year-on-year, with 77% of transactions being industrial integration types, highlighting the dominance of control transactions, asset injections, and bankruptcy reorganizations [3] - The average review cycle for M&A has been reduced by 40%, with simplified procedures allowing for registration completion in as little as 10 working days [4] Group 2: Tax Planning and Compliance - Companies must pay attention to the handling of six major tax types during restructuring, including VAT and corporate income tax, and should plan tax arrangements in advance to mitigate potential risks [1][2] - Representatives emphasized the importance of compliance and communication with tax authorities and professional institutions throughout the M&A process, establishing a comprehensive risk control system [2] Group 3: Strategic Insights from Case Studies - Companies like Boshen Co. shared experiences from significant acquisitions, emphasizing the need for strategic alignment and enhanced management capabilities post-merger to mitigate goodwill risks [3] - The Hebei Securities Regulatory Bureau encourages listed companies, especially small and medium-sized enterprises, to leverage M&A opportunities to enhance capital operation activity and achieve industrial upgrades and strategic transformations [4]

Core Insights - Partnership entrepreneurship is identified as a key pathway to achieving business goals, with a focus on the main processes of registering a partnership company and practical advice provided [1][3]. Group 1: Partnership Framework - Establishing a basic partnership framework is essential, with legal validity stemming from the signing of a Partnership Agreement that should detail capital contributions, equity ratios, decision-making mechanisms, and exit clauses [1]. - A dynamic equity distribution mechanism is recommended, reserving 10%-20% of equity for future talent acquisition or financing [1]. Group 2: Company Type Selection - Limited liability companies remain the preferred choice, while special partnerships may be suitable for specific industries like law and accounting, and limited partnerships can benefit tech companies for equity incentives [3]. - Awareness of foreign investment restrictions in 28 industries, including finance and education, is crucial, and prior registration with business authorities is necessary [3]. Group 3: Registration Process - The registration process includes preparing 3-5 alternative names that comply with the naming convention of "administrative region + name + industry characteristic + organizational form" [3]. - The articles of association must include core clauses such as shareholder rights and profit distribution, along with provisions for regular meetings and voting mechanisms for significant matters [3]. - Legal addresses must be legitimate, and if a residential address is converted for business use, proof is required; virtual address registration should involve legitimate services [3]. Group 4: Tax Planning and Legal Risk Management - Tax planning is critical, requiring tax registration within 30 days and selection of taxpayer status based on annual sales [3]. - Legal risk management should address issues such as non-compete agreements, equity holding, decision-making deadlocks, and exit mechanisms, including methods for calculating share buyback prices [3]. Group 5: Special Considerations - For technology-based partnerships, applying for high-tech enterprise status is advisable, and multi-regional operations may necessitate establishing branch offices [3]. - Shareholder conflicts can be resolved through equity buyouts or company divisions, emphasizing the importance of establishing clear rights and responsibilities, as well as communication mechanisms prior to registration [3].

Core Viewpoint - The article highlights three major pain points in corporate mergers and acquisitions (M&A): unclear strategic positioning, complex transaction structure design, and ineffective post-merger integration, along with increasing tax planning and compliance challenges [1]. Group 1: Pain Points in M&A - The first pain point is the ambiguity in strategic positioning, leading to a disconnect between M&A targets and the company's development [1]. - The second pain point involves the complexity of transaction structure design, including inappropriate valuation models and unreasonable earn-out clauses, which can lead to disputes [1]. - The third pain point is the lack of effective post-merger integration, with cultural conflicts, difficulties in management team integration, and risks of financial fraud hindering the realization of synergies [1]. Group 2: Tax Planning and Compliance - Tax planning and compliance issues are becoming increasingly prominent, with operations like capital reserve transfers and asset transfers involving complex tax policies [1]. - The limitations of the "debt assumption" rules in Document No. 59 and the tax treatment of reverse mergers present significant challenges for corporate tax teams [1]. Group 3: Upcoming Seminar - A seminar titled "M&A Full Process Practice, Transaction Structure Design, Capital Transaction Tax Treatment, M&A Implementation for Listed Companies, Industry Fund M&A, and M&A Valuation" will be held from June 19-22, 2025, in Shanghai [1]. - The seminar aims to analyze numerous case studies to reveal lessons from failed mergers and successful experiences, providing companies with practical and theoretical solutions [1]. Group 4: Course Schedule and Instructors - The seminar will feature various sessions, including topics on the full M&A process, capital transaction tax practices, key factors for successful M&A implementation, and valuation strategies [2][11][13][20]. - Instructors include professionals with extensive experience in M&A, tax planning, and corporate governance, ensuring a comprehensive learning experience [3][5][6][7].

Core Insights - The article emphasizes the attractiveness of the Turkish deposit immigration program for investors seeking effective tax planning and asset isolation in the context of the CRS (Common Reporting Standard) policy [1][3]. Summary by Sections Investment Requirements - Investors must deposit $500,000, converted to Turkish Lira at the current exchange rate, into a Turkish bank account and commit to a 3-year term to qualify for Turkish citizenship [1][7]. Tax Benefits - Investors can benefit from Turkey's tax policies, as income earned outside Turkey is not subject to Turkish tax if they reside in Turkey for less than 183 days [3][8]. - Turkey has no inheritance tax, and non-residents are exempt from income tax on foreign earnings, providing significant tax optimization opportunities [8]. Privacy and Asset Protection - Holding a Turkish passport allows investors to open overseas accounts while being recognized as Turkish tax residents, thus enhancing privacy and asset protection [3][8]. - The Turkish passport supports name changes without revealing previous names, further increasing identity confidentiality [8]. Flexibility and Accessibility - The program has relaxed requirements, such as no need for proof of funds, medical exams, or language proficiency, allowing for a straightforward application process for the entire family [8]. - Turkish bank deposit interest rates are high, with rates reaching up to 47% for 1-month deposits, which can offset the depreciation of the Lira [3][5]. Global Mobility - Turkish passport holders can travel visa-free to over 120 countries, enhancing global mobility for business and investment opportunities [8].

如果说2025年之前，出海还只是部分公司的选择， 那在2025年之后，出海已经成为了一个"必答题"。 因为对于国内大部分企业来说，海外市场都是远大于国内市场的。 然而，在贸易战、关税壁垒和逆全球化冲击下，当前企业出海的风险和困难比大部分人想象的还要大， 为了提升企业出海的成功率， 我们已经把企业出海最容易失败的地方和重点注意事项逐一梳理好了， 就在最新上线的 《中国企业出海指南》 中。 中国企业出海指南 1.纸质资料《中国企业出海指南》 2.线上课程《境内企业赴美国上市的法律实务解读》 3.梧桐定制笔记本1个 中国企业出海指南 新品特惠 扫码 立减20元 《中国企业出海指南》共有 332页 ， 15.5万字 ，9个章节，主要从海外布局、监管要求、股权架构、 审批流程、交易文件、合规风险、税务考量、区域国别等角度出发，全景式梳理了企业出海的实务要 点。 境外投资的主要法律文件 操作时间境外投资敏感类项目 0 限制/禁止开展的境外投资 商务流程 ODI备案/核准流程 境外投资的常见流程与风险 ⊙ 没有办理ODI备案的后果 发改委备案/核准 3. 境外投资的境 商务部备案/核准 内审批流程 外汇登记 境外投资的境内 ...

当前，中企出海热潮涌动，但文化差异、制度壁垒与地缘博弈交织，使海外拓展充满变量。仓促出海易 致资源错配，盲目扩张更可能触发合规风险。 在此背景下，企业如何突破表层布局，实现真正的全球化运营？我们整理了一套 系统的出海攻略 ，帮 助大家快速突破出海困境： 一、企业出海概览 上下滑动查看更多内容 二、企业出海合规管理 上下滑动查看更多内容 三、海外投融资审批 上下滑动查看更多内容 四、中企出海的核心风险应对 五、企业出海的核心税务考量 上下滑动查看更多内容 六、热门出海目的地 企业出海涉及合规、投融资、税务等多维度挑战，上述框架仅为冰山一角，更多细节内容尽在课程 《企业出海全攻略（12小时）》 。课程由多名行业资深专家讲授，帮助大家构建从战略规划到执行落 地的完整出海体系。欢迎大家扫码试看精彩课程！ 从0到1精通海外布局 扫码试看课程 12+小时深度精讲： 33节高密度课程拆解6大模块，覆盖合规、税务、审批全链条。 内容新、案例多、政策全： 聚焦核准新规与热点案例，解析最新税务框架。 200+页精品课件： 包含政策图解、流程图、风险矩阵等可视化工具，助你快速掌握出海全流 程。 部部部部部部部部分分分分分分分分课课 ...

2024年底，我国增值税法迎来重大修订，新增值税法将于2026年1月1日正式施行。此次修订不仅明确"以 数治税"的征管方向，更在跨区域货物移送、电子发票管理、税收优惠政策等核心领域作出调整。 此外， 如果小规模纳税人能够提供额外的销售折让 ，企业也可以通过 比较折让与进项税抵扣的效益 ，选择最优的供应商。 4、明确销售方式与纳税义务时间 合同中应 明确销售方式（如分期收款、预收款等）和纳税义务发生时间 ，以合理安排资金流和税务 申报。 例如，合同可以约定："卖方采用分期收款方式销售货物，每期收款时间为合同生效后的第3个月、第 6个月和第9个月，纳税义务发生时间为每期收款日期。" 5、分离不同税率的应税项目 对于涉及多个应税项目且税率不同的业务，合同中应分别列明各项目的金额和税率， 避免因混合销 售而适用较高税率 。 例如，合同可以约定："本合同项下的服务包括软件销售和安装服务，软件销售金额为X元，适用税 率13%；安装服务金额为Y元，适用税率6%。" 6、利用出口退税政策 对于出口企业，合同中应 明确出口产品的退税条款 ，确保符合出口退税政策要求。 例如，合同可以约定："卖方应确保出口产品符合国家出口退税政策 ...