Port communicationThe process and procedures for building a VIE structure. What is a VIE structure?
VIE architecture，Also called "protocol control"，In fact, it refers to the company to be listed in order to achieve overseas listing.，Set up a parallel offshore company abroad in the Cayman Islands or British Virgin Islands，Use this offshore company as the subject of future listing or financing，Then，This offshore company has gone through a dazzling series of investment activities，Finally, it was established as a foreign-invested enterprise in the country.(WFOE)。
Domestic companies planning to be listed sign a series of agreements with foreign-funded enterprises，and transfer most of their profits to foreign-funded enterprises，In this way, the top-level offshore company becomes a shadow company of the company to be listed.，You can use this to access foreign capital markets.。 Sina was the first company to adopt the VIE structure and was successfully listed in the United States.，The VIE structure has become out of control and has become almost the only way for China's booming Internet companies to list overseas.。
What is the purpose of VIE structure? 1. Domestic enterprises are listed overseas 2. Foreign investors invest indirectly in domestic fields that are originally restricted or prohibited for foreign-invested enterprises.。 Why choose to register in the Cayman Islands? (1) The "springboard" for listing can avoid complicated domestic approval procedures.，low cost、short time。For the earliest batch of Internet companies，At that time, the domestic understanding of the Internet was not very deep.，Capital is not very optimistic，Urgent need to go overseas for financing。
in addition，internet、There are certain restrictions on the introduction of foreign investment in China in areas such as education and media.。 (2) Loose policies and no foreign exchange controls，Listing approval、The approval process for annual declaration and other matters is relaxed，No capital verification required，The registered capital is only US$50,000。 (3) Tax havens charge companies only a small annual management fee，no tax。
The main reason is that there is basically no need to pay any tax on the transfer of equity.，The tax burden when founders or financial investors exit in the future is essentially zero。
Bytedance Nanjing R&D center established，Artificial Intelligence Research Institute was established recently.，ByteDance announces it will establish a R&D center in Nanjing，Introduction to the relevant person in charge of ByteDance，In the next two years, the Nanjing R&D Center will gradually build a technical R&D team of approximately 300 people.，Recruit artificial intelligence researchers、Algorithm engineers, product development engineers and other outstanding technical talents。
ByteDance Nanjing R&D Center will also open an Artificial Intelligence Research Institute，Cooperate with Nanjing scientific research institutions in the field of artificial intelligence。
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