1. Company Name: Must be unique and comply with naming rules
2. Registered Address: Must be a valid commercial address in Hainan (we can provide compliant address hosting)
3. Shareholders: At least 1 shareholder (natural person or company)
4. Legal Representative: Must be designated
5. Registered Capital: Most industries adopt the subscribed capital system with no minimum requirement
6. Business Scope: Generally fully open outside the Negative List, must specify proposed business activities

Foreign investment is subject to Negative List management, and special industries require pre-approval permits.

Hainan implements a simple and efficient business registration system, and processing times are typically as follows:

Standard Domestic Company:
- Name Pre-Approval: 1 working day
- Business License: 1 working day
- Subsequent Procedures: 2-3 working days

Foreign Invested Enterprise (FIE):
- Most sectors do not require approval from the Ministry of Commerce; the process has been significantly simplified
- Industries on the Negative List require additional approval time

Free Trade Port Encouraged Industries:
- Efficient process; eligible companies can complete establishment quickly

Our professional assistance ensures a smooth process and adherence to the fastest processing times.

The biggest attraction of the Hainan Free Trade Port lies in its preferential tax policies:

1. Enterprise Income Tax (EIT):
- 15% EIT: For enterprises in encouraged industries registered and substantially operating in Hainan
- Tax-Exempt Income: Exemption from EIT on certain income for newly established enterprises in tourism, modern services, and high-tech industries

2. Individual Income Tax (IIT):
- 15% IIT: Ceiling on Individual Income Tax for high-end and urgently needed talents

3. Tariff Policy:
- "Zero Tariff" Policy: Future exemption of import tariffs on specific imported production equipment, raw materials, and vehicles

We can evaluate and apply for applicable tax incentive qualifications for you.

Enjoying the "Zero Tariff" dividend requires meeting specific conditions, primarily realized after the whole island customs closure operation:

1. Duty Exemption for Imported Goods:
- Production Equipment: Self-use productive equipment is exempt from import tariffs, import VAT, and consumption tax
- Raw Materials: Raw and auxiliary materials for production are tax-exempt
- Vehicles: Self-use transport vehicles and yachts are tax-exempt

2. Trade Freedom and Convenience:
- Goods entering the zone from customs-supervised areas are tax-exempt
- Eligible enterprises can enjoy more convenient trade management systems

We can provide professional supply chain and tax consultation to help your business utilize Hainan's trade liberalization policies.

Hainan implements highly open policies for foreign investment:

1. Negative List:
- Simplest List: Implementation of the shortest Negative List in the country; sectors outside the list are fully open
- "Entry is Clearance": Most foreign establishment procedures are consistent with domestic ones

2. Capital Flow:
- Free Trade Account (FTA): FTA accounts can be opened, enjoying greater convenience and freedom in cross-border capital management

3. Investment Structure:
- Can still establish Wholly Foreign-Owned Enterprises (WFOE), Joint Ventures, etc., but the process is more efficient

4. Eligibility Requirements:
- Document requirements such as passport notarization are similar to the Mainland, but the approval steps are greatly reduced

We are familiar with the latest foreign investment regulations in Hainan, ensuring your international investment is compliant and efficiently executed.