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Hainan Company Setup: Preferential Policies for Industrial Parks

Updated:2018-12-25 10:19:44    Source:www.tannet-group.comViews:293

Hainan company setup is really a good option for investors doing business in China, as the country is further developing this tropical island. According to the Hainan Provincial Bureau of Statistics, Hainan has announced a raft of measures to boost the development of industrial parks and has collected tax revenue of RMB22.47 billion in 24 key industrial parks in the first half of 2018. It unveiled a package of incentive policies in the three fields of talent introduction, industrial promotion and taxation structure.

Talent Introduction
Hainan is piloting schemes to give talents high-level monetary incentives and other forms of support. The provincial government has made a specific instruction on bringing in talents.

Industrial Promotion
Hainan has released various preferential policies to support strategic emerging industries, high-tech, Internet, e-commerce and small and medium-sized enterprises (SMEs), creating a solid foundation for their development.

Taxation Awards
Hainan has introduced a provincial tax structure that gives incentives to three major industrial parks, namely, the Yangpu Economic Development Zone, the Hainan International Tourism Island Pilot Zone and the Boao Lecheng International Medical Tourism Pilot Zone.

Municipal and prefectural governments are also ramping up incentives. Haikou has stipulated 100% financial rewards based on the local retained portion of industrial parks' annual tax increment surpassing RMB1 million and will subsidize transport costs of industrial enterprises making annual tax payments of over RMB 5 million.

Tannet’s Package Services
1. Market research/due diligence report/feasibility study report;
2. Provision of registered address/office address;
3. Company formation (WFOE/JV/RO/FIPE);
4. Bank account opening (HK/offshore);
5. Corporate secretarial services (official document collection/translation);
6. Accounting, tax filing and auditing;
7. Entry visa and work permit application;
8. Staff recruitment and payroll management;
9. Trademark/patent/copyright registration;
10. Company transfer/deregistration.

Tannet has established three branches in Hainan, we provide one-stop solutions that you need to set up a business in the island. Our consultants have rich experience in the field and can speak fluent English. We are always here to help.

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.

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