Hainan Province is called “Qiong” for short and acclaimed as
“Hot Island” and “Coconut Island”, located at the South Sea, China.
Hainan Province is the solely tropical island province of
China, administrating Hainan main island, the islets and reefs of Xisha,
Nansha, Zhongsha and their surrounding waters. Hainan Province lies in the
central part of Asian Pacific Economic Circle, facing Leizhou Peninsula of
Guangdong over the Qiongzhou Strait. The west of the island borders the Gulf of
Tongkin, with Vietnam visible in the distance. The east of the island is near
to Hong Kong and Taiwan, and the Philippines is in southeast. The South Sea in
south of the island adjoins to Malaysia, Indonesia, Brunei and Singapore.
Haikou City, the capital of Hainan Province, is away from Hong Kong for 50
minutes by air and 2-3 hours from above foreign countries and regions.
Hainan Island is the second largest island of China, taking
up a land area of 34,000 square kilometers with a population of more than
7,600,000 in 1999. Many nationalities live in Hainan Island, maily including
Han, Li, Miao and Hui nationalities. In China, Li nationality live in the
middle and south of Hainan Island only. The total population of Li nationality
is of 1,280,000 in 1999.
Hainan Island has monsmoon tropical climate with annual
average temperature 22℃-26℃ and annual rainfall 1,500-1,600mm. More than 300 days of a
year are sunny days. Hainan is a good place of escaping cold, relieving summer
heat, having holidays and traveling due to the above-mentioned climate.
It was historically a desolate and backward island to which
lots of demoted ministers of past dynasties had been sent. One of them was Su
Dongpo, and eminent writer of the Northern Song Dynasty. He composed a
beautiful poet here, which is “if I die in Hainan for nine times I won't
regret, for all my life traveling in this wonderful land is the happiest.”
Hainan Island lies between the tropical and subtropics with
rich natural resources as well as natural landscape of tropical island, natural
flavor, geothermal hot spring, cultural relics and rare animals and plants.
According to the preliminary investigation, the available tourist resources of
Hainan Island are of 241 spots of 11 kinds totally. All the domestic and
foreign exports and tourists are enchanted by the blue sky, white clouds,
bright sunshine, long coastline and many bays, white sandy beaches, coconut
scenery and charming sea of Hainan Island. A.E.Saviqnac, the former secretary
general of World Tourist Organization, well commended on Hainan during his
visit, “Hainan is a beautiful peal of China and the whole human beings,
possessing the most precious resources of China. The status of Hainan to China
is just like the Mediterranean to Europe and the Hawaii or Florida to America.”
Francesco Frangialli, the Secretary General of World Tourist Organization, also
set a high value on the tourism of Hainan during his visit. He said that he
would help Hainan to go globewide and to become a Holiday paradise to all
tourists from home and abroad.
The province is cultivating 12 pillar industries:
tourism, tropical agriculture, the internet, medicine, healthcare,
financial service, exhibition, modern logistics, oil and gas,
low-carbon manufacturing, education and real estate.
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.
To facilitate people who want to invest
and set up business in Hainan, here is an introduction of Types of business
presence in China:
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; Foreign Invested Partnership
Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.
WhollyForeign Owned Enterprise
(WFOE) is a Limited liability company wholly owned by the
foreign investor. WFOE requires no registered capital and it's liability of
equity , can generate income, pay tax in China and it's profit could be
repatriate back to investor's home country. Any enterprise in China which is
100 percent owned by a foreign company or companies can be called as WFOE.
RepresentativeOffice (RO) is a
Liaison Office of it's parent company. It requires no
registered capital. It's activities would be: product or service promotion,
market research of it's parent company's business, Quality Control liaison
office etc in China. RO generally is prohibited to generate any revenue nor
generating contracts with local businesses in China.
JointVenture (JV) is a Limited
liability company formed between Chinese investor andForeign investor. The
parties agree to create a entity by both contributing equity, and they then
share in the revenues, expenses, and control of the enterprise. JV usually been
used by foreign investor to engage the so called restricted in areas such like:
Education, Mining, Hospital etc.
SinceMarch 1, 2010: Measures of
Establishment of Foreign Invested PartnershipEnterprises (FIPE) in China is
taking effect. The regulation, which take effect since March 1,
2010, are known as the Administrative Measures for the Establishment of
Partnership Enterprise in China by Foreign Enterprises or Individuals. There's
no required minimum registered capital for a Foreign Invested Partnership
Enterprise (FIPE) in Shanghai, Beijing, Guangzhou, Shenzhen, Hangzhou and rest
cities of China
HongKong Company usually been used
as a Special Purpose vehicle (SPV) to investMainland China. Hong
Kong is one of the quickest locations to Incorporate a business. Although a HK
company is not a legal entity in Mainland China (MainlandChina and Hong Kong,
See Wiki 1 country, 2 systems), lots foreign investors, especially investors
from Europe and North America still chose to setting up a Hong Kong company as
SPV to invest China.
After China's entry to WTO, most
industries in China welcome foreign investment, WFOEsetting up in China
becomes the first option of foreign investment's entitystructures instead
of Rep. Office setting up in China. At the mean time, for tax purpose,
effective licensing system etc more and more investors use Hong Kong as the
holding company to invest China mainland, using this offshore company to hold
their operations in China.
Business set-up in Hainan is a big
project by itself, which requires financial and time commitments, business
management knowledge and China expertise. Identifying a competent agent to
manage the complex process will be a cost and time effective way to avoid
potential pitfalls . Tommy China Business Consulting has direct connections in
the local government
Since 2006, TCBC has been focusing on
consulting services for our clients to invest in Haikou, Sanya Hainan China. We
are specialized in establishment of wholly foreign owned enterprises (WFOEs),
setting up of offshore companies, trading services, tax minimization, Assist
in obtaining government approvals and certificates for running business,
negotiate and draft various legal documents provide legal advice, negotiate
government officer for Land acquisition. Advising on formation of WOFE and
business structures, managing and controlling WOFE in Hainan China, drafting
privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a
business license in Hainan China. We offer a range of company
formation services including helping you to set up:
-Wholly Foreign Owned Enterprises (WFOE
)
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership
Enterprises (FIPE)
Contact Tom Lee for
company registration in Hainan
Hi,
ReplyDeleteI really like your Blog and its sounds great.
This is Robert Bailey from Hong Kong.
Hong Kong is a global financial hub and every business organization wants to establish its branch in this city. Though it might sound like an easy thing to do, it may consume a lot of time and money. Eventually, you might drop the idea of establishing a company in Hong Kong Incorporate HK company.
What if you could get everything ready and start trading with your new company in Hong Kong? Yes, establishing a new company in Hong Kong can be as simple as that if you check the ready made HK companies list and pick one to establish your business in this fast growing city.
Why a ready made company?
There are a number of reasons to choose a ready made company. The main reason to prefer this option is the time it takes to open a new company. It may certainly take weeks to complete official procedures. You will encounter a number of legal barriers that will eventually affect your decision of forming a new company in Hong Kong.
Thank you