Introduction To Meilan Airport Industrial Park, Register Business In Haikou Hainan

Meilan Airport Industrial Park is located in Yanfeng Town just outside Haikou City, east of Haikou Meilan International Airport. It covers a total area of 11.43 square kilometers. The north side of the park is an industrial area of 7.79 square kilometers and the south of the park is the Haikou Airport Free Trade Zone and supporting service area, which covers an area of 3.64 square kilometers.

In December 2015, the Haikou municipal government approved the enlargement of the 6.33-square kilometer original area. According to the plan, the area will become a large-scale park integrating aviation manufacturing, aviation maintenance, production and processing, duty-free processing, duty-free warehousing, aviation display and exhibition and sales. With a total investment of about 50 billion yuan ($7.56 billion), the park will create jobs for 54,000 people and within 10 years is expected to contribute tax revenue of 6.306 billion yuan.

The investment promotion and filing of the first five projects has been completed. These projects cover an area of 3,900 mu (2.6 square kilometers), accounting for 67 percent of the net land area (5824 mu) of the first phase.

The park has completed the filing procedures, determined the scope of the project site, and formulated the overall regulatory plan. The conceptual planning and industrial planning of the park have been approved by the Haikou municipal government. From 2015 to 2016, the park received a total of 1.17 billion yuan of special funds from financial institutions such as the Agricultural Development Fund, the Agricultural Development Bank of China and China Cinda Asset Management.

To facilitate people who want to invest and set up business in Meilan Airport Industrial Park , 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 )

-RepresentativeOffices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for company registration in Meilan Airport Industrial Park