Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 64

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 64
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 for transfer of funds involving money laundering and criminal activities.
Cayman Islands law prescribes that a company may only pay dividends out of its profits. Other than that, there is no restrictions on Lichen
International Limited’s ability to transfer cash to investors. See “ Item 3 - Transfers of Cash between Our Company and Our
Subsidiaries” and “ Item 3. D. Risk Factors - Risks Relating to Doing Business in China - To the extent cash or assets in the
business is in the PRC or Hong Kong or a PRC or Hong Kong entity, the funds or assets may not be available to fund operations or for other
use outside of the PRC or Hong Kong due to interventions in or the imposition of restrictions and limitations on the ability of us or
our subsidiaries by the PRC government to transfer cash or assets,” “ Item 3. D. Risk Factors - Risks Relating to Doing Business
in China - We rely on dividends and other distributions on equity paid by our PRC subsidiaries to fund any cash and financing requirements
we may have, and any limitation on the ability of our PRC subsidiaries to make payments to us could have a material adverse effect on
our ability to conduct our business,” and “ Item 3. D. Risk Factors - Risks Relating to Doing Business in China - Our PRC subsidiaries
are subject to restrictions on paying dividends or making other payments to us, which may have a material adverse effect on our ability
to conduct our business.”

10. E. Taxation

Cayman Islands Taxation

The Cayman Islands currently
levies no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature
of inheritance tax or estate duty. There are no other taxes likely to be material to us levied by the government of the Cayman Islands,
except for stamp duties which may be applicable on instruments executed in, or after execution brought within the jurisdiction of the
Cayman Islands. The Cayman Islands is a party to a double tax arrangement entered with the United Kingdom in 2010, but otherwise is not
party to any double tax treaties that are applicable to any payments made to or by our company. There are no exchange control regulations
or currency restrictions in the Cayman Islands.

As an exempted company incorporated
in the Cayman Islands, the Company is required to pay an annual government fee (“ Government Fee”), which is determined on
a sliding scale by