Hainan company registration package includes one-stop services for foreign entrepreneurs to start up a business in Hainan. Hainan is the smallest and southernmost province in China. Its proximity to Southeast Asia and Hong Kong and the Pearl River Delta means that it's a a great base for companies involved in most businesses. The Hainan authorities are now making great strides to attract investment by offering generous and favorable incentives. Below is Tannet’s package service offering for investors doing business in Hainan.
Hainan Company Formation
Hainan is committed to creating a better environment for business people and enterprise innovation, and it will further advance construction of infrastructure on the island. It has already announced a plan to woo a million talented individuals from home and abroad, offering them preferential policies including loans and free housing.
Before setting up a business, foreign investors should determine their organizational structure. As a foreign investor, you have the following options to set up a business:
(1) Wholly Foreign Owned Enterprise (WFOE);
(2) Partnership Enterprise (PE);
(3) Representative Office (RO);
(4) Joint Venture (JV).
Tannet provides one-stop services to help foreign investors to establish a business presence in the above-mentioned forms, including company formation, bank accounting opening, provision of virtual office, company secretary, special license application (if required), etc.
Accounting and Tax Filing
Accounting and tax filing is required once your company is officially registered, as all the companies incorporated in China are required to maintain proper accounting records in accordance with China’s accounting standards and to report taxes on both monthly and quarterly basis. Late submissions will face penalties and surcharges.
Tannet’s financial professionals can not only help the management to focus on core business but also allow the management has a better control of the financial information, ease administrative burden and manage compliance risk. Our services in this regard include but are not limited to:
1. Accounting and bookkeeping;
2. Monthly tax filing and tax return;
3. Tax budget and tax planning;
4. Annual audit assistance;
5. Annual inspection support;
6. Tax refund and tax rebate;
7. Other financial assistance
Hainan Visa Application
A visa is an officially approved document issued by authorized bodies for the government, in accordance with the laws of the country, to foreign citizens applying to enter, leave or transit through the country. To support reform and opening up in the southernmost tropical island, the State Immigration Administration offer greater visa-free access for tourists from 59 countries to Hainan from May 1, 2018.
Under the new policy, group and individual tourists from 59 countries, including Russia, Britain, France, Germany, and the United States, can visit Hainan visa-free and stay there for up to 30 days on condition that they book their tour through travel agencies.
Foreign workers can apply for a 2 year work permit, or 5 years if they hold a Master's degree. Foreigners can also apply for a China green card (permanent residency) within a year. The applicant must work for a Hainan-based local company with a minimum salary of not less than 30K RMB per month, and a labor contract for more than 5 years.
Intellectual Property Services
Companies should register (or record) eligible IP in China as early as possible. Companies should also understand the full range of IP for which they might file, including multiple types of patents (utility model, design, and invention), as well as trademarks and copyrights.
1. Tradeark-related Services
(1) Trademark search;
(2) Application for trademark registration;
(3) Trademark renewal or re-issuance of registration certificate, transfer or licensing/leasing;
(4) Trademark review, rejection, defense, revocation, opposition and dispute;
(5) Apply for government government subsidies (if any);
(6) Assist in filing the record to Customs for trademark protection;
2. Patent-related Services
(1) Drafting of patent documents;
(2) Patent search;
(3) Patent application and registration;
(4) Ownership transfer, licensing and related legal issues.
3. Copyright-related Services
(1) Copyright registration;
(2) Services related to copyright transfer, licensing and pledge;
(3) Assistance in dealing with copyright disputes.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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