Company formation in Hainan Free Trade Zone (FTZ) is a good choice for investors both at home and abroad. The southernmost province in China aims to focus on attracting industrial projects in key areas such as tourism, tropical high-efficiency agriculture, medical and health, modern finance, high and new technology, convention and exhibition, marine economy, infrastructure, rural revitalization and ecological environmental protection.It has launched a one-hundred-day investment promotion to attract businesses.
Meanwhile, the central government explicitly pointed out it will encourage transnational corporations and large domestic enterprise groups to establish international and regional headquarters in Hainan, so as to develop a so-called headquarters economy.
Advantages of Hainan Free Trade Zone
1. Facilitate free flow of goods, technologies, and ideas, and become a pilot model of development for other coastal regions;
2. Boost economic activities and attract foreign capital and talent;
3. New businesses such as horse racing and sports lotteries will be kick-started on the island;
4. Increased consumption in duty-free shops;
5. Attract more multinational companies.
Types of Company
Before setting up a business, foreign investors should determine their organizational structure according to the operations of their enterprises at their own discretion. There are three principal business models for foreign companies seeking to establish themselves in China: Wholly Foreign Owned Enterprise (WFOE), Joint Venture (JV), and Representative Office (RO). Each of these three forms has its own features and requirements respectively. If you are interested in any of them and want to know more details, feel free to contact Tannet.
How to Incorporate a Company in Hainan Free Trade Zone?
Foreign investors are not permitted to directly submit the application documents of incorporate a Free-Trade Zone company to the relevant authority in Hainan. They must retain a Chinese entity that is authorized or permitted by relevant authorities to act as a sponsor. The sponsor will submit all the documents to the examination and approval authorities on behalf of the foreign investor.
Recently, Tannet has been focusing on providing services for SMEs to invest in Hainan and offer supply and demand assistance for farmers. We are specialized in company establishment, business operation and management. With two branches in Hainan, Tannet will manage all aspects of incorporation to get you a business license in this tropical land. We offer a full range of company formation services. By the way, we will open a new company in next month.
Tannet’s Services in Hainan
Market Research/Feasibility Study/Due Diligence/Business Plan;
Company Formation (WFOE/JV/RO/HK company);
Accounting, Tax Filing and Auditing;
Bank Account Opening (HK account/offshore);
Work Visa/Residence Permit Application;
Intellectual Property Service (trademark, patent, copyright);
Global Barcodes Application;
Company Deregistration/Cancellation/Dissolution.
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 86-755-82143512, 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.
Previous：Hainan Company Formation Procedures
Next：Hainan Preferential Policies