Haikou
National Hi-Tech Industrial Development Zone was established in 1991. It is
China’s high-tech industrial portal to Southeast Asia, the core engine of
promoting new industrialization in Hainan and an important economic growth pole
in Haikou.
The overall planning area of the park is 55.42 square
kilometers. The park focuses in industries such as life and health, low-carbon
manufacturing and high-tech. Currently, there are more than 550 enterprises in
the park including 56 high-tech enterprises and five listed companies. Haikou
National Hi-Tech Industrial Development Zone aims to promote the overall
economic development in Haikou and Hainan through industrial clusters. The
hi-tech industrial development zone is striving to become a strategic emerging industries
gathering area, energy-saving emission reduction demonstration area and an
ecologically livable new district.
The hi-tech industrial development zone has 33 percent of the
province’s high-tech enterprises and 50 percent of the city’s innovative enterprises,
all kinds of engineering and technology centers, as well as 27 key
laboratories, attracting a large number of experts and scholars of “1000
Talents Plan” and overseas returnees. The zone has the province’s largest
entrepreneurial incubator and other entrepreneurial bases, and expert advisory
committee with four Nobel Prize laureates. The drug laboratory and other public
technical service platforms have been established inside the hi-tech
zone.
Mei’an Ecological Science and Technology Park is a key
park for the Haikou National High-tech Zone. It is located in the west of
Haikou with a planned area of 39.86 square kilometers.
Medicine Valley Industrial Park is the core area of Haikou
Medicine Valley. With a planning area of 6.52 square kilometers, Medicine
Valley Industrial Park focuses on research and development enterprises for
pharmaceuticals, medical devices and health products. Nearly 60 production and
research and development institutions such as Qilu Pharmaceutical, Honz
Pharmaceutical, Hailing Chemipharma and Shuangcheng Pharmaceuticals are located
in the park. The park’s pharmaceutical enterprises account for more than
62 percent of the total pharmaceutical enterprises in Hainan. The park is also
the only “National Demonstration Zone of Li Pharmaceutical Industry” in
China.
Shiziling Industrial Park has a planning area of 5.82 square
kilometers and it focuses on the development of new energy sources, new
materials and energy saving industry.
Yunlong Industrial Park is located in Yunlong Town, Haikou City,
in close proximity to Meilan International Airport. It has advantages in
its location and convenient transportation. The park has a planning area of
3.35 square kilometers and it focuses on the development of food and beverage,
processing of agricultural and sideline products, tourism crafts and leisure
sports products manufacturing and other light industries.
Haima Industrial Park is a supporting industrial park for Haima
Automobile. It is located in the south of downtown Haikou and is adjacent to
the automobile factory of Haima Automobile. The planning area of the park is
1.82 square kilometers. Currently, the third factory and engine factory of
Haima Automobile, Yuanchuang Automotive and other supporting enterprises for
complete vehicle manufacturing are located in the park. It is an
automotive park with a complete industrial chain and 50 supporting enterprises
of Haima Automobile. The park is capable of producing 300,000 vehicles and
300,000 engines annually.
To facilitate people who want to invest
and set up business in Haikou National Hi-Tech Industrial Development Zone ,
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 HoldingCompany.
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 Haikou National Hi-Tech Industrial Development
Zone
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