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Advantage of set up company in Hainan

Updated:2021-5-21 15:22:49    Source:www.tannet-group.comViews:381

There are advantages for Hainan Free Trade Port:
1. Free trade port, more advanced open form
The free trade port is a standard form of international cooperation. The " inside the territory while outside the customs" practice free flow, including the free flow of goods and funds. Similar to Singapore and Hong Kong, China, is a more advanced form of openness. At present, Hainan is exploring the construction of a free trade port.
2. Central government's strong policy support for Hainan Free Trade Port
In order to implement the national strategy for Hainan Free Trade Port construction, the Hainan Provincial Party Committee and the Provincial Government decided to establish the Haikou Jiangdong New District as a centralized exhibition area for the construction of the China (Hainan) Free Trade Port. In addition, Sanya will become an innovative financial hub in the Hainan Free Trade Zone. Operational activities that are restricted to foreign-funded enterprises are more open on this side, such as finance. The 100-day investment promotion activity in Hainan attracted many enterprises to indicate their presence in Hainan. PricewaterhouseCoopers(PWC), as the world's leading professional services organization and the largest accounting firm, is the first international professional service agency to settle in Hainan.
3. Tourism Industry Advantage
Tourism is the first of the 12 key industries in Hainan Province. Hainan encourages the establishment of Sino-foreign joint venture travel agencies, strives for relevant policy support, relaxes market access restrictions, and introduces high-quality resources to help the healthy development of tourism. In addition, individuals or teams from 59 countries and regions can travel and enter Hainan without a visa.
4. Geographical advantage
Hainan has currently opened 44 international air routes and 370 domestic ones. It can reach Vietnam, Hong Kong, Macau, and the Pearl River Delta region in 1 hour, and can reach the Philippines, Brunei, Thailand, Myanmar, Laos, Cambodia, and China in 2 hours. In the triangle area, it can reach Singapore, Malaysia, Indonesia, India, South Korea, Japan, and the Bohai Rim area within 3 hours. Major commercial cities in Southeast Asia are within a 4-5 hour voyage with convenient transportation and excellent geographical location.
5. Less time to finish the company registration
It will take approx. 1 month to register a Consulting Free-Trade Port company in Hainan. While for a Trading Free-Trade Zone company, it takes 1.5 months.
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