Hainan company registration is also referred to as Hainan corporate formation, Hainan business setup, Hainan company incorporation. Hainan is the smallest and southernmost province of the People's Republic of China, consisting of various islands in the South China Sea. Being China’s largest Special Economic Zone, nominal GDP of Hainan province has been increasing steadily. In simple words, Hainan provides many opportunities for foreign businesses.
Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office (RO); Foreign Invested Partnership Enterprises (FIPE); and Joint Venture (JV).
Basics for setting up a business in Hainan
1. You have more than one option for a local presence in China. Your business presence may be in the form of a wholly owned foreign enterprise, a contractual joint venture, an equity joint venture, a representative office.
2. Carefully define your business scope for the China presence. It is critical to carefully define your business scope so as to be permitted or encouraged to set up the presence.
3. Select the right location for your business operation. Many business owners are unaware of just how important location and space are to their business. Getting the right office space is essential from the beginning.
4. Confirm the minimum registered capital for your China operation. The Chinese government requires certain minimum registered capital for various types of businesses. However, local Industry and Commerce Administrations may decide on your minimum registered capital based on their judgement of your business scope and operation scale.
One-stop Services for Investing in Hainan
In recent years, 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 business establishment, business operation and management for running business. With three newly opened branches in Hainan, Tannet will manage all aspects of incorporation to get you a business presence in this tropical land. We offer a range of company formation services.
More and more international SMEs are setting up their own presence in China in order to source products and services directly from China or enter the Chinese market. Thanks to this year’s Boao Forum held in Hainan and the government’s support, we believe that there will be more business investment in Hainan. However, given the alien nature of local regulations and business environment in China, it is critical to be proactive and fully prepared before you take the strategic move to set up your own presence in China.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, 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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