Chinese Water-Treatment Company To Aquire A Shell Company In Luxembourg - 中國水務處理公司在盧森堡收購殼公司

Director 指揮 ： EVEN XIA NI 倪夏

Supervisor 監事 ： Lisha Chen 陳麗莎

Co-Authors 作者 ： Yuhan Kang, Yunxi Chu, Kompowska Zuzanna, Chole Vanessa Leung

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EXECUTIVE SUMMARY
行政摘要

A Chinese water-treatment company that is publicly listed is looking to expand its market to the European Union. To achieve this, they decided to obtain a shell company in Europe.
一家公開上市的中國水務治理公司正在尋求將其市場擴展到歐盟。為實現這一目標，他們決定在歐洲獲得一家殼公司。

Acquiring a European shell company can benefit a Chinese company's global footprint. It can offer access to foreign capital, help the company navigate foreign ownership limitations, facilitate technology transfer from European nations, manage cross-border capital flow regulations, and help them establish a more substantial presence in European markets. Furthermore, acquiring a shell company can help the Chinese company avoid regulatory scrutiny in their home country and abroad. Acquiring a European shell company can offer many advantages for expanding their business globally.
收購一家歐洲殼公司可以使中國公司的全球足跡受益。它可以提供外國資本的渠道，幫助公司應對外國所有權限制，促進歐洲國家的技術轉讓，管理跨境資本流動法規，並幫助他們在歐洲市場建立更實質性的業務。此外，收購一家殼公司可以幫助中國公司在國內外避免監管審查。收購一家歐洲殼公司可以為全球擴張業務提供許多優勢。

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1

Background Overview
背景摘要

1. Growing Demand of Chinese Companies for European Shell Companies
   中國企業對歐洲空殼公司的需求增長

   The growing demand of Chinese companies for European shell companies can be attributed to several factors: 中國公司對歐洲殼公司的增加需求可以歸因於以下幾個因素：

   1. Access to Foreign Capital: Like other Chinese companies, tech firms may use European shell companies to raise money from foreign investors and access foreign capital markets[1].
      獲得外部資本：與其他中國公司一樣，科技企業可能使用歐洲殼公司從外國投資者籌集資金並進入外國資本市場[1]。

   2. Bypassing Restrictions On Foreign Ownership: Chinese companies may use European shell companies to bypass restrictions on foreign ownership in specific industries, such as technology[2].
      繞過外資所有權限制：中國公司可能會使用歐洲殼公司來繞過特定行業（如技術）的外資所有權限制[2]。

   3. Handling Cross-Border Capital Flow Regulations: European shell companies can help Chinese companies manage cross-border capital flow regulations more efficiently[3].
      處理跨境資本流動規定：歐洲殼公司可以幫助中國公司更有效地管理跨境資本流動規定[3]。

   4. Facilitating Technology Transfer: Chinese companies may use European shell companies to facilitate technology transfer from European countries[4].
      促進技術轉移：中國公司可能會使用歐洲殼公司來促進自歐洲國家的技術轉移[4]。

   5. Evading Regulatory Scrutiny: European shell companies can help Chinese companies evade regulatory scrutiny in their home country and abroad[5].
      避免監管審查：歐洲殼公司可以幫助中國公司避免在本國和國外受到監管審查[5]。

   6. Expanding Into European Markets: Chinese companies may use European shell companies to expand their presence in European markets, as seen with the expansion of the ultra-low-cost e-commerce platform Temu into European countries [6].
      擴大進入歐洲市場：中國公司可能會使用歐洲殼公司來擴大其在歐洲市場的存在，就像超低成本電商平台Temu擴展到歐洲國家一樣[7]。

   To sum it up, Chinese companies are seeking European shell companies due to several factors. These include gaining access to foreign capital, circumventing foreign ownership limitations, navigating cross-border capital flow regulations, aiding in technology transfer, avoiding regulatory scrutiny, and expanding into European markets. In other words, European shell companies can offer Chinese companies numerous advantages.
   總之，中國公司正在尋求歐洲殼公司，原因有多種。這些包括獲得外部資本、繞過外資所有權限制、應對跨境資本流動規定、促進技術轉移、避免監管審查和擴大進入歐洲市場。換句話說，歐洲殼公司可以為中國公司提供許多優勢。
   

2. Luxembourg, An Ideal Jurisdiction For International Businesses
   盧森堡，一個國際業務的理想司法管轄屬地

   Luxembourg is an ideal jurisdiction for Chinese businesses who wish to export to the EU for several reasons:
   盧森堡對於希望出口至歐盟的中國企業來說是一個理想的司法管轄區，原因如下：

   1. Strategic Location: Luxembourg is centrally located in Europe, providing easy access to major European markets, such as Germany, France, and Belgium[7].
      戰略位置：盧森堡地理位置位於歐洲中心，提供方便的進入主要歐洲市場，例如德國，法國和比利時[7]。

   2. Business-Friendly Environment: Luxembourg offers a stable and business-friendly environment, with a well-developed legal and regulatory framework attractive to foreign investors[8].
      企業友好環境：盧森堡提供穩定的、對外國投資者有吸引力的法律和監管框架，營造了企業友好的環境[8]。

   3. Access To The EU Market: As a member of the EU, Luxembourg provides Chinese businesses access to the European single market, allowing them to benefit from the free movement of goods, services, and capital within the EU[9].
      進入歐盟市場：盧森堡作為歐盟成員，為中國企業提供進入歐洲單一市場的機會，使其從歐盟內的商品、服務和資本自由流動中受益[9]。

   4. Favorable Tax Regime: Luxembourg has a favorable tax regime, with competitive corporate tax rates and a vast network of double taxation treaties, which can help Chinese businesses optimize their tax planning[10].
      優惠稅制：盧森堡有著優惠的稅制，具有競爭力的公司稅率和廣泛的雙重課稅協定網絡，可以幫助中國企業優化稅務計劃[10]。

   5. Skilled Workforce: Luxembourg has a highly skilled and multilingual workforce, which can benefit Chinese businesses looking to expand their operations in Europe[7].
      技術優勢：盧森堡擁有高技能且多語言的勞動力，這對於希望擴大在歐洲的業務的中國企業非常有利[7]。

   6. Strong Financial Sector: Luxembourg has a well-developed financial sector, offering a wide range of financial services and expertise to support the growth and expansion of Chinese businesses in the European market[10].
      強大的金融行業：盧森堡擁有發達的金融行業，提供廣泛的金融服務和專業知識，支持中國企業在歐洲市場的增長和擴張[10]。

   7. Government Support: The Luxembourg government actively promotes foreign investment and supports businesses looking to establish or expand their operations in the country[7].
      政府支持：盧森堡政府積極促進外國投資，支持希望在該國建立或擴大業務的企業[7]。

   In summary, Luxembourg's strategic location, business-friendly environment, access to the EU market, favorable tax regime, skilled workforce, strong financial sector, and government support make it an ideal jurisdiction for Chinese businesses looking to export to the EU.
   總之，盧森堡的戰略位置、企業友好環境、進入歐盟市場的機會、優惠的稅制、技術優勢、強大的金融行業和政府支持使其成為中國企業希望出口至歐盟的理想司法管轄區。

2

Party Overview
當事人概覽

1. Client (A Leading Water Treatment and Technology Company in Beijing) 
   客戶（北京領先的水處理和技術公司）

   Our client, based in Beijing, is a leading company in the water treatment and technology industry since its establishment in 2018. They have a diverse range of expertise, such as technology development, consultation, promotion, and transfer, computer system services, software development and services, product and model design, economic and trade consultation, public relations, conference services, market investigation, enterprise management consultation, and various fields of research and experimental development. They also engage in sales, primarily in electronic products, disinfectants, machinery, and medical equipment, and operate both domestically and internationally. Their commitment to innovation and quality is evidenced by their patent portfolio, which includes:
   我們客戶位於北京，自2018年成立以來一直是水處理和技術行業的領先公司。他們擁有各種各樣的專業知識，如技術開發、咨詢、推廣和轉移、計算機系統服務、軟件開發和服務、產品和模型設計、經濟和貿易咨詢、公共關係、會議服務、市場調查、企業管理咨詢以及各個領域的研究和實驗開發。他們還從事銷售業務，主要涉及電子產品、消毒劑、機械和醫療設備，並在國內外營運。他們對創新和質量的承諾體現在他們的專利組合中，其中包括：

   • A microbial detection system for pure water production (Patented in 2023)
     純水生產微生物檢測系統（於2023年獲得專利）

   • Electrolysis water treatment and disinfection system (Patented in 2020)
     電解水處理和消毒系統（於2020年獲得專利）

   • Water treatment and consumption reduction system (Patented in 2020)
     水處理和消耗減少系統（於2020年獲得專利）

   • A variety of water purification and treatment devices showcasing efficiency, sound absorption, noise reduction, and heating functionalities (All patented in 2019).
     各種水凈化和處理設備，展示效率、吸音、降噪和加熱功能（全部於2019年獲得專利）。

   Although the company started with a small amount of registered capital, it quickly grew its financial foundation in just three years. One of the key components of their strategy is making substantial investments in various related entities throughout China, highlighting their diversified business approach。
   雖然公司的注冊資本額最初很小，但在短短三年內迅速擴大了其財務基礎。他們策略的一個關鍵組成部分是在中國各地的各種相關實體中進行大量投資，凸顯了他們多元化的商業方法。
   

2. Partner Consulting Firm (A Management Consulting Firm based in Luxembourg)
   合作夥伴咨詢公司（總部位於盧森堡的管理咨詢公司）

   TKEG has a robust local network in Luxembourg, giving them access to many shell companies listed for sale. This company was established in 2015 in Luxembourg and specializes in offshore jurisdictions, investments, and data analysis. They have a diverse clientele from various international domains and their capital is set at a specific European currency amount, divided into 100 shares. The company has undergone several changes in location and management over the years, and is currently located in Echternach, Luxembourg.
   奕資在盧森堡擁有強大的本地網絡，可以接觸到許多市面上出售的殼公司。這家公司成立於2015年，總部位於盧森堡，專門從事離岸司法管轄區、投資和數據分析。他們的客戶群來自各個國際領域，其資本額定為一定的歐洲貨幣金額，分成100股。該公司多年來經歷了多次地點和管理層面的變化，目前位於盧森堡的埃赫特納赫。

3

Acquisition Blueprint
收購藍圖

1. Strategies for Identifying Potential Acquisition Targets
   尋找潛在收購目標的策略

   TKEG has a solid local network in Luxembourg, giving them access to many shell companies listed for sale. These companies are business-ready and financially clean, making them ideal acquisition targets for Chinese companies looking to expand into the European market. To prepare the list of potential shell companies efficiently, TKEG can identify the essential features of shell companies and use AI due diligence platforms or financial statements and other filings from third parties, such as databases of governments or regulatory agencies, to check if a company fits the criteria. Furthermore, typical locations and features of shell companies can be described in detail to help Chinese companies identify suitable acquisition targets in Luxembourg. With TKEG's expertise in the field and its strong local network, Chinese companies can confidently rely on them to find the best shell companies suited to their needs.
   奕資在盧森堡擁有堅實的本地網絡，讓他們能夠接觸到許多待售的殼公司。這些公司已經做好了商業準備，財務狀況良好，對於尋求向歐洲市場擴張的中國公司來說，它們是理想的收購目標。為了有效地準備潛在殼公司的名單，奕資可以確定殼公司的基本特徵，並使用人工智能盡職調查平台或來自第三方（如政府或監管機構的數據庫）的財務報表和其他文件，以檢查公司是否符合標準。此外，可以詳細描述殼公司的典型位置和特徵，以幫助中國公司在盧森堡確定合適的收購目標。憑借奕資在該領域的專業知識和強大的本地網絡，中國公司可以自信地依靠他們找到最適合他們需求的最佳殼公司。

   To identify potential European acquisition targets for Chinese companies in Luxembourg, it is essential to conduct market research, stay up-to-date with regulatory changes, evaluate financial performance, assess technology and innovation capabilities, build local networks and partnerships, attend industry events, and monitor M&A activity. TKEG researches local market trends to analyze Luxembourg's business and related industries for growth potential. This analysis can help identify potential acquisition targets well-positioned to benefit from these trends[11].
   為了確定中國公司在盧森堡的潛在歐洲收購目標，進行市場研究，瞭解監管變化，評估財務表現，評估技術和創新能力，建立本地網絡和夥伴關係，參加行業活動以及監控並購活動是必不可少的。奕資研究本地市場趨勢，分析盧森堡的商務和相關行業的增長潛力。這種分析可以幫助確定處於有利地位的潛在收購目標，從這些趨勢中受益[11]。

   Additionally, TKEG monitors regulatory changes in Luxembourg that may impact cross-border businesses and investment opportunities. This enables the identification of potential acquisition targets that are compliant with local regulations and well-prepared for future changes[12][13][14]. TKEG also establishes relationships with local consulting, accounting, and law firms in Luxembourg to gain insights into potential acquisition targets and market opportunities[15][16].
   此外，奕資跟蹤盧森堡的監管變化，這些變化可能影響跨境商務和投資機會。這使得能夠識別符合當地法規並為未來變化做好充分準備的潛在收購目標[12][13][14]。奕資還與盧森堡的當地咨詢、會計和律師事務所建立關係，以獲取對潛在收購目標和市場機會的洞察[15][16]。
   

2. Legal and regulatory considerations for acquiring a shell company in Luxembourg
   在盧森堡收購空殼公司的法律和監管考慮

   When acquiring a shell company in Luxembourg, Chinese businesses should consider several legal and regulatory aspects: 當中國企業在盧森堡收購殼公司時，應考慮以下幾個法律和監管方面：

   1. Mergers & Acquisitions Laws and Regulations: The critical legislation governing M&A transactions in Luxembourg is the law dated 10 August 1915, as amended (Company Law), which implemented the EU Cross-Border Mergers Directive into national legislation[17]. Additionally, the law dated 19 May 2006, as amended (Takeover Law), which implemented the EU Directive 2004/25/EC on takeover bids, applies to acquisitions where the target company is a Luxembourg-registered company[17].
      併購法律和法規：盧森堡併購交易的關鍵立法是1915年8月10日修訂的法律（公司法），該法律將歐盟跨境併購指令納入了國家立法[17]。此外，2006年5月19日修訂的法律（接管法），該法律實施了歐盟2004/25/EC指令關於收購要約的規定，適用於目標公司是盧森堡註冊公司的收購[17]。

   2. ATAD 3 (Shell Companies): The European Union is working on a directive (ATAD 3) aimed at countering the misuse of 'shell' entities, which could impose adverse tax and reporting provisions on EU legal entities[18]. Although the directive is expected to be implemented by mid-2023 and effective in January 2024, businesses should start preparing for compliance[18].
      ATAD 3（殼公司）：歐盟正在制定一項旨在打擊“殼”實體濫用的指令（ATAD 3），可能對歐盟法律實體施加不利的稅收和報告條款[18]。儘管預計該指令將在2023年中期實施並於2024年1月生效，但企業應開始為合規性做準備[18]。

   3. Process Of Purchasing And Utilizing A Shelf Company: Buying a shelf company in Luxembourg involves entering into a share purchase agreement and registering the company with the commercial register[19]. It is essential to ensure that the company's articles of incorporation and corporate object clause are amended to fit the specific transaction[22].
      購買和利用存貨公司的過程：在盧森堡購買存貨公司需要簽訂股份購買協議並向商業登記處註冊公司[19]。重要的是要確保公司的公司章程和公司宗旨條款被修訂以適應特定交易[22]。

   4. Tax Consequences: Entities considered as shell entities under ATAD 3 may be refused access to double taxation treaties (DTTs) or EU directives, leading to withholding taxes on payments made to shell entities and taxation of the shell company's shareholder(s) on a look-through basis[20].
      稅務後果：根據ATAD 3規定，被視為殼實體的實體可能被拒絕獲得雙重課稅協定（DTT）或歐盟指令，從而導致對支付給殼實體的款項的代扣稅和對透視方式課稅殼公司的股東[20]。

   5. Substance Requirements: Luxembourg has specific substance requirements for companies, particularly those involved in intra-group financing [21]. Companies should meet these requirements to avoid potential legal and regulatory issues.
      實質要求：盧森堡對於企業，特別是涉及集團內融資的公司，有特定的實質要求[21]。企業應滿足這些要求，以避免潛在的法律和監管問題。

   In summary, Chinese businesses should consider the relevant M&A laws and regulations, the upcoming ATAD 3 directive, purchasing and utilizing a shelf company, tax consequences, and substance requirements when acquiring a shell company in Luxembourg.
   總之，當中國企業在盧森堡收購殼公司時，應考慮相關的併購法律和法規、即將出台的ATAD 3指令、購買和利用存貨公司的過程、稅務後果和實質要求。
   

3. Comprehensive Due Diligence for Peace of Mind
   全面盡職調查帶來安心

   Its financial statements and distinctive features can be analyzed to identify a shell company. Shell companies typically have no employees, generate minimal revenue, lack a physical presence, are controlled by non-resident individuals or businesses, and have most of their assets and liabilities as investments from or to other countries (FDI transactions). If a Chinese company wishes to acquire a shell company in Luxembourg for import and export purposes to the EU, it is crucial to consider certain essential factors during the due diligence process.
   可以透過分析其財務報表和獨特特徵來識別殼公司。殼公司通常沒有員工，產生極少的收益，缺乏實體存在，由非居民個人或企業控制，大部分資產和負債都是來自或向其他國家的投資（FDI交易）。如果中國的公司希望在盧森堡收購一家殼公司，以進口和出口歐盟產品，則在盡職調查過程中考慮某些重要因素至關重要。

   1. Legal And Regulatory Compliance: Ensure that the shell company complies with Luxembourg's M&A laws and regulations, as well as any upcoming directives, such as ATAD 3, which targets the misuse of shell entities[23][24].
      法律和監管遵從性：確保殼公司符合盧森堡的公司併購法律和監管要求，以及任何即將出台的指令，如針對殼實體的濫用的ATAD 3[23][24][27]。

   2. Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Regulations: Verify that the shell company complies with Luxembourg's AML and CTF regulations, as overseen by the Commission de Surveillance du Secteur Financier (CSSF)[25].
      反洗錢（AML）和反恐融資（CTF）法規：驗證殼公司是否符合盧森堡金融監管機構（CSSF）監管的AML和CTF法規[25]。

   3. Beneficial Ownership: Investigate the beneficial ownership of the shell company to ensure transparency and avoid potential legal risks associated with hidden ownership[24].
      利益所有權：調查殼公司的受益所有權，以確保透明度並避免隱藏所有權帶來的潛在法律風險[24]。

   4. Substance Requirements: Confirm that the shell company meets Luxembourg's substance requirements, particularly if involved in intra-group financing [26].
      實質要求：確認殼公司是否符合盧森堡的實質要求，特別是如果涉及集團內資金[26]。

   5. Tax Implications: Evaluate the tax consequences of acquiring the shell company in Luxembourg, considering the favorable tax regime and potential implications under the upcoming ATAD 3 directive[25].
      稅務影響：評估在盧森堡收購殼公司的稅務影響，考慮優惠的稅務制度和即將出台的ATAD 3指令可能帶來的影響[25]。

   6. Market and Industry Analysis: Analyze the market and industry trends in Luxembourg and the EU to understand the potential opportunities and challenges for the Chinese company[28].
      市場和行業分析：分析盧森堡和歐盟的市場和行業趨勢，了解中國公司的潛在機會和挑戰[28]。

   In addition, these transactions are typically reserved for high-value deals that lack economic justification. It's possible to verify the validity of a company's registered email address and investigate the frequency of management changes, its relationship to other businesses in offshore tax havens, and whether the number of assets it holds is reasonable based on its financial standing. TKEG can utilize AI Big Data Analytics and due diligence platforms to identify shell companies rapidly, which is a more efficient and accurate method. AI tools can also perform regular security assessments, including customer risk assessment, screening owners and businesses against PEP lists, monitoring their transactions for significant deviations, and alerting users accordingly. Some third-party providers include SignaIX, Tookitaki, and others.
   此外，這些交易通常是保留給缺乏經濟正當性的高價值交易。可以驗證公司的註冊電子郵件地址的有效性，並調查管理變更的頻率，其與其他離岸稅收避稅天堂中的企業的關係，以及它所持有的資產數量是否合理。 奕資可以利用人工智慧大數據分析和盡職調查平台快速識別殼公司，這是一種更高效和準確的方法。 人工智慧工具還可以執行定期的安全評估，包括客戶風險評估，對PEP清單進行所有者和企業篩選，監視其交易是否存在重大偏差，並相應地警告用戶。一些第三方供應商包括SignaIX，Tookitaki等。

4

Acquisition Execution
收購實施

Target Shell Company (An Intellectual Property Rights Company based in Luxembourg)
目標收購的殼公司（總部位於盧森堡的知識產權公司）

A company was established in 2015 in Luxembourg with a primary focus on intellectual property rights, including acquisitions, management, creation, and sale. The company has undergone several location changes and is currently headquartered in Rameldange, Luxembourg. Its management structure is unique, operating under a 'sole shareholder' rule, which allows for two managers to work simultaneously. Over time, the company has experienced various management transitions, and there have been multiple share transfers, with one transaction involving a European currency amount. In late 2020, the parent company of the shell company announced a significant detachment, emphasizing its independence.
該公司成立於2015年，主要專注於知識產權，包括收購、管理、創建和出售。該公司經歷了多次地點變更，目前總部設在盧森堡的Rameldange。其管理結構獨特，運作在“唯一股東”規則下，允許兩名經理同時工作。隨著時間的推移，該公司經歷了多次管理轉換，並進行了多次股權轉讓，其中一次交易涉及歐洲貨幣金額。在2020年末，該殼公司的母公司宣布了一個重要的分離，強調其獨立性。

Location: The company underwent a significant relocation, now having its main office stationed in Rameldange, Luxembourg.
位置: 該公司經歷了重大的搬遷，現在將其主辦事務所設在盧森堡的Rameldange。

Changes in Management and Transfer of Shares:
管理變化和股權轉讓：

• Upon establishment in 2015, the company embraced a management structure consisting of two pivotal managers.
  在2015年成立時，該公司採用了由兩名關鍵經理組成的管理結構。

• A unique share transaction occurred in 2016, transferring a sum in European currency to an influential foundation.
  2016年發生了一次獨特的股權交易，將一筆歐元金額轉移給一個有影響力的基金會。

• Over the next few years, the management terrain saw an influx of various leadership changes, which also culminated in several share transitions. These managerial shifts encompassed both additions and removals, reflecting the company's evolving strategic direction.
  在接下來的幾年中，管理團隊見證了各種領導層面的變化，這也導致了多次股權轉讓。這些管理層面的變化既包括添加也包括刪除，反映了公司不斷發展的戰略方向。

• Noteworthy among these shifts was a significant management alteration in 2018, replacing one key manager with another who had a namesake resemblance.
  在這些變化中值得注意的是，2018年發生了一次重大的管理變更，將一位關鍵經理替換為另一位名字相似的經理。

• A consequential share transfer transpired in 2019, transitioning the ownership to a notable figure, subsequently appointing them as the manager.
  2019年發生了一次重大的股權轉移，將所有權轉移給一位顯赫人物，隨後任命該人物為經理。

• By 2020, the company's parent entity announced a pivotal decision, emphasizing its strategic detachment and independent pathway for the company.
  到2020年，該公司的母公司宣布了一個重要的決定，強調其戰略分離和公司獨立的道路。

We at TKEG are committed to offering our clients exceptional acquisition services. We recognize that purchasing a shell company in Luxembourg for import and export purposes to the EU can be a challenging undertaking. That's why our team of specialists is available to assist you. After discussing their requirements, we collaborated with our local partner firms in Luxembourg to locate the most suitable acquisition target for our client. We assessed potential targets using various criteria, including the forthcoming ATAD 3 directive, tax implications, substance requirements, and legal and regulatory compliance.
我們奕資致力於為客戶提供卓越的收購服務。我們認識到，在盧森堡購買一家空殼公司，以向歐盟進行進出口貿易，可能是一項具有挑戰性的任務。這就是為什麼我們的專家團隊可以為您提供幫助。在討論了他們的要求後，我們與盧森堡的當地合作公司合作，為客戶找到了最合適的收購目標。我們使用各種標準評估潛在目標，包括即將出台的ATAD 3指令、稅收影響、物質要求以及法律和監管合規性。

1. Holistic Assessment Ensures A Perfect Fit
   全方位評估確保完美契合

   1. Intellectual Property Expertise: The company's specialization in managing and developing intellectual property rights is invaluable for a high-tech enterprise. Acquiring such an entity can provide our client with enhanced capabilities in IP portfolio management, crucial for securing technological innovations and maintaining a competitive advantage.
      知識產權專業知識： 公司專門管理和開發知識產權權利方面的專業知識對於高科技企業來說是非常寶貴的。收購這樣的實體可以為我們的客戶提供增強的知識產權組合管理能力，這對於確保技術創新和維持競爭優勢至關重要。

   2. Immediate Access to Strategic Jurisdictions: With its established presence in a business-friendly jurisdiction like Luxembourg, the company can offer our client a gateway into European markets. This acquisition can open doors to the benefits associated with Luxembourg, from favorable taxation to a thriving financial ecosystem.
      立即進入策略性司法管轄區： 由於該公司在像盧森堡這樣的企業友好的司法管轄區中已經建立了存在，因此可以為我們的客戶提供進入歐洲市場的門戶。此次收購可以打開盧森堡所帶來的好處之門，從有利的稅收到蓬勃發展的金融生態系統都是如此。

   3. Streamlined Corporate Infrastructure: The pre-established corporate structure of the company can facilitate our client's rapid operational deployment in the region. This eliminates the need for establishing a new entity from the ground up and allows our client to adapt to local conditions and regulations immediately.
      簡化的企業基礎設施： 該公司預先建立的企業結構可以促進我們的客戶在該地區的快速運營部署。這消除了從頭開始建立新實體的需要，並允許我們的客戶立即適應當地條件和法規。

   4. Ease of Ownership Transition: The company's track record with share transfers indicates an established process. This might streamline acquisition phases and reduce challenges for our client.
      方便的所有權過渡：該公司在股份轉讓方面的記錄表明了其建立的過程。這可以簡化收購階段並減少我們客戶所面臨的挑戰。

   5. Autonomous Operations: Being an independent entity, the company operates without ties to a parent firm. This autonomy ensures that our client can direct the course of the business without any lingering external constraints or obligations.
      自主運營： 作為一個獨立實體，該公司在不受母公司約束的情況下運營。這種自主性確保我們的客戶可以在沒有任何外部限制或義務的情況下指導業務的方向。

   6. Alignment with Strategic Growth: Acquiring such a firm might be more than a mere addition to our client's portfolio. It could represent a significant strategic step, whether geographic diversification, venturing into new sectors, or solidifying presence in current markets.
      與戰略增長的一致性： 收購這樣一家公司可能不僅僅是我們客戶組合的一個簡單的添加。它可能代表了一個重要的戰略步驟，無論是地理多樣化，進入新的行業還是鞏固當前市場的存在。

   7. Financial Considerations: The financial metrics, share capital, and overall fiscal status of the company might resonate well with what our client seeks. This acquisition could present immediate benefits and long-term financial synergies, aligning with our client's financial strategy.
      財務考慮： 該公司的財務指標、股本和整體財務狀況可能與我們客戶所尋求的相吻合。此次收購可以帶來即時的好處和長期的財務協同作用，與我們客戶的財務策略相一致。

   In a nutshell, a company possessing these characteristics offers a compelling opportunity for our client to broaden its reach, augment its intellectual property prowess, and establish a strong foothold in a pivotal European location.
   簡而言之，擁有這些特性的公司為我們的客戶提供了一個引人注目的機會，可以拓展其覆蓋範圍，增強其知識產權實力，並在關鍵的歐洲位置建立強大的立足點。
   

2. Structuring the Agreement and Deal Considerations
   協定結構和交易注意事項

   When structuring the agreement and considering deal aspects for a Chinese company acquiring a shell company in Luxembourg for import and export to the EU, the following key points should be taken into account:
   當為中國公司在盧森堡收購殼公司以進出歐盟時，結構協議和考慮交易方面，需考慮以下關鍵點：

   1. Deal Structure: Determine whether the acquisition will be structured as a share deal or an asset deal, as each has implications and requirements under Luxembourg law[29].
      交易結構：決定收購是否結構為股權交易或資產交易，因為每種交易方式在盧森堡法律下都有影響和要求[29]。

   2. Valuation: Establish an appropriate valuation for the target shell company, considering its financial performance, growth potential, and industry trends.
      評估：為目標殼公司確定適當的評估，考慮其財務表現、增長潛力和行業趨勢。

   3. Purchase Agreement: Draft a share purchase agreement that outlines the terms and conditions of the acquisition, including the purchase price, payment terms, and any conditions precedent to closing the transaction[30].
      購買協議：起草股份購買協議，概述收購的條款和條件，包括購買價格、付款條款以及交易完成的任何先決條件[30]。

   4. Regulatory Approvals: Obtain any required regulatory approvals from relevant authorities, such as the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg or the European Commission, depending on the size and nature of the transaction[31].
      監管批准：從相關當局獲得任何所需的監管批准，例如盧森堡金融監管委員會（CSSF）或歐洲委員會，具體取決於交易的大小和性質[31]。

   5. Tax Implications: Evaluate the tax consequences of acquiring the shell company in Luxembourg, considering the favorable tax regime and potential consequences under the upcoming ATAD 3 directive[32].
      稅務影響：評估在盧森堡收購殼公司的稅務後果，考慮優惠的稅務制度以及即將出台的ATAD 3指令的潛在後果[32]。

   6. Substance Requirements: Ensure that the shell company meets Luxembourg's substance requirements, mainly if involved in intra-group financing activities[33].
      實質要求：確保殼公司滿足盧森堡的實質要求，特別是如果涉及集團內部融資活動[33]。

   7. Post-Acquisition Integration: After the acquisition, integrate the acquired shell company into the Chinese company's operations, ensuring compliance with Luxembourg's substance requirements and other relevant regulations[34].
      收購後整合：收購後，將收購的殼公司整合到中國公司的運營中，確保符合盧森堡的實質要求和其他相關法規[34]。

   In summary, structuring the agreement and considering deal aspects for a Chinese company acquiring a shell company in Luxembourg involves 總之，
   為中國公司在盧森堡收購殼公司以進出歐盟時結構協議和考慮交易方面，需要考慮：

   • Determining the deal structure,
     確定交易結構，

   • Establishing a valuation,
     確定評估，

   • Drafting a purchase agreement,
     起草購買協議，

   • Obtaining regulatory approvals,
     獲得監管批准，

   • Evaluating tax implications,
     評估稅務影響，

   • Ensuring substance requirements are met and,
     確保符合實質要求以及，

   • Planning for post-acquisition integration.
     計劃收購後整合。

5

TKEG Ensures a Smooth and Successful Acquisition for Clients
奕資確保客戶順利成功收購

In conclusion, acquiring a shell company in Luxembourg for import and export purposes to the EU can be a complex process. Chinese companies must comply with Luxembourg's M&A laws and regulations, consider the upcoming ATAD 3 directive, evaluate the potential tax consequences, meet substance requirements, and conduct comprehensive due diligence.
總之，為了進出歐盟，收購盧森堡的殼公司可能是一個復雜的過程。中國的企業必須遵守盧森堡的併購法律和法規，考慮即將出臺的ATAD 3指令，評估潛在的稅務後果，滿足實質要求，進行全面的盡職調查。

At TKEG, we have a successful track record of acquiring clients smoothly and efficiently. Our comprehensive due diligence services are specifically designed to analyze the target company thoroughly, identify potential issues, and mitigate risks. We specialize in helping Chinese companies navigate this complex process with ease and ensure a successful acquisition. Our comprehensive due diligence services, AI Big Data Analytics, and due diligence platforms provide our clients with the best possible acquisition experience. Our team of experts can help identify potential issues and mitigate risks by analyzing the target company's financial statements, verifying legal and regulatory compliance, and assessing financial performance and stability. With our guidance, Chinese companies can confidently acquire a shell company in Luxembourg and take advantage of the favorable tax regime and other benefits of doing business in Luxembourg.
在奕資，我們有順利高效地獲取客戶的成功記錄。我們全面的盡職調查服務是專門設計的，旨在徹底分析目標公司，發現潛在問題並降低風險。我們專門幫助中國公司輕鬆地完成這個複雜的過程，並確保成功的收購。我們全面的盡職調查服務、人工智能大數據分析和盡職調查平台為我們的客戶提供最好的收購體驗。我們的專家團隊可以通過分析目標公司的財務報表，驗證法律和監管合規性，以及評估財務表現和穩定性來幫助識別潛在問題並降低風險。在我們的指導下，中國公司可以自信地在盧森堡收購一家殼公司，並利用在盧森堡經營業務的優惠稅收制度和其他好處。

Our team thoroughly analyzes the financial statements of the company we are targeting for acquisition. We search for unique characteristics that could affect the acquisition and ensure that all legal and regulatory requirements are met. Our team evaluates the financial stability and performance of the target company and flags any potential issues that could impact the acquisition. We review the ownership structure, assess tax implications, and examine market and industry trends to determine if the acquisition is a wise investment. At TKEG, we use AI-powered big data analytics and due diligence platforms to quickly identify shell companies. This method is more efficient and accurate. Our AI tools regularly assess security, including customer risk, screening owners and businesses against PEP lists, monitoring transactions for significant changes, and alerting users when necessary.
我們的團隊仔細分析我們正在收購的公司的財務報表。我們尋找可能影響收購的獨特特徵，並確保滿足所有法律和監管要求。我們的團隊評估目標公司的財務穩定性和績效，並標記可能影響收購的任何潛在問題。我們審查所有權結構，評估稅務影響，並檢查市場和行業趨勢，以確定收購是否是明智的投資。在奕資，我們使用人工智能大數據分析和盡職調查平台來快速識別空殼公司。這種方法更高效，更準確。我們的AI工具定期評估安全性，包括客戶風險，根據PEP名單篩選所有者和企業，監控重大變化的交易，並在必要時提醒用戶。

Some third-party providers, such as SignaIX, Tookitaki, and others, are also available to our clients for added convenience. At TKEG, we are confident that our comprehensive due diligence services and our use of AI Big Data Analytics and due diligence platforms provide our clients with the best possible acquisition experience.
一些第三方供應商，如SignaIX、Tookitaki等，也可為我們的客戶提供額外的便利。在奕資，我們有信心，我們的全面盡職調查服務以及我們使用人工智慧大數據分析和盡職調查平台，為我們的客戶提供最佳的收購體驗。

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參考

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