Hainan enacts preferential policies for industrial parks

Hainan has announced a raft of measures to boost the development of industrial parks and has collected tax revenue of 22.47 billion yuan ($3.25 billion) in 24 key industrial parks in the first half of 2018, according to the Hainan Provincial Bureau of Statistics.

It unveiled a package of incentive policies in the three fields of talent introduction, industrial promotion and taxation structure.

Talent introduction: Hainan is piloting schemes to give talents high-level monetary incentives and other forms of support. The provincial government has made a specific instruction on bringing in talents.

Industrial promotion: Hainan has released various preferential policies to support strategic emerging industries, high-tech, Internet, e-commerce and small and medium-sized enterprises (SMEs), creating a solid foundation for their development.

Taxation awards: Hainan has introduced a provincial tax structure that gives incentives to three major industrial parks, namely, the Yangpu Economic Development Zone, the Hainan International Tourism Island Pilot Zone and the Boao Lecheng International Medical Tourism Pilot Zone.

Municipal and prefectural governments are also ramping up incentives. For example, Haikou has stipulated 100 percent financial rewards based on the local retained portion of industrial parks' annual tax increment surpassing one million yuan and will subsidize transport costs of industrial enterprises making annual tax payments of over five million yuan. Chengmai county has also drawn up a list of each year's top 10 internet companies and rewards companies paying over10 million yuan in tax with 500,000 to one million yuan to be allocated to team management.

Preferential policies have stimulated local industrial development and led to the emergence of many industry clusters. For example, the pharmaceutical sector is thriving in the Haikou National High-tech Zone with a tax base of 1.63 billion yuan in the first half of 2018. Service sector clusters, as represented by the Hainan Eco-software Park, have also seen steady development with the 510 newly registered companies in the park paying gross tax of 1.23 billion yuan.

Introduction To Hainan Eco-software Park, Register Company In Hainan China

Hainan Laocheng Economic Development Zone (hereinafter referred to as the "Development Zone") was founded in May 1988 and was upgraded to a provincial development zone by the National Development and Reform Commission in March 2006. The Development Zone is adjacent to the Qiongzhou Strait in the north, Beibu Gulf in the west, Haikou Meian Science and Technology Park in the east and Jinma Logistics Park in the south.

It boasts the country's fourth comprehensive free trade zone -- Haikou Comprehensive Bonded Zone, one of the 25 pivotal ports in China -- Macun port (a national first grade port) and a logistics service base of China National Offshore Oil Corporation.

The planned area of the Development Zone is 571 sq km, including a 117-sq-km in the central urban area. So far, a total of 53 sq km has been developed.

The software and information service sector in Hainan Eco-software Park are the top driving force for the Development Zone's industrial upgrading. The park opened in April 2011 and completed a 650,000-sq-m construction project and had another 650,000 sq m under construction by the end of May last year. More than 920 enterprises including Tencent, Neusoft, Chinasoft, Donghua Software, India’s NIIT have settled down in the park. Six of them are the top 20 software and information service providers on China's A-share market.

The park has been identified as a national public service demonstration platform for small and medium-sized enterprises, a national science and technology business incubator and a national new industrialization demonstration base. It has also been recognized as the first batch of Hainan's cultural industry key projects and cultural industry demonstration parks.

To facilitate people who want to invest and set up business in Hainan Eco-software 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 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 )

-RepresentativeOffices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for company registration in Hainan Eco-software Park

Introduction To Sanya Creative Industry Park, Register Company In Sanya Hainan China

The city of Sanya began to plan the establishment of a creative industry park in 2003 and formally started the construction of the park in 2007. It stretches to the east of Nanshan Port Road in the east, coast of Yazhou Bay in the south, Ningyuan River in the west and the West Line Expressway in the north, covering 17.2 square kilometers (including 12.65 sq km on land).

It is planned to accommodate 60,000 people. Sanya Comprehensive Bonded Zone and the Shenzhen-Sanya Industry Park are expected to settle in the Sanya Creative Industry Park.

Currently, 10 billion yuan ($1.51 billion) has been invested in the park. The governmental investment accounted for 40 percent while the rest were raised from the society. A total of 50 companies registered at the park and 21 of them brought 23 investment projects to the park. About 2,000 people currently work in the park.

Tenant enterprises in the park include ZTE, Seentao Technology, Kingto, Yanglin Grease, Biotech Pharma and Xisha Noni and cover a wide range of industries, such as telecommunication, internet-based education, health care, tropical biotechnology and yacht maintenance. Sixteen tenants like as ZTE,  Yongyou Seento, Biotech Nano and Guokang Hospital have started construction (four of them have been completed).

The park welcomes projects involving industries as follows：

High-tech and internet industry： IT, software development, Internet plus, e-commerce, cloud computing, biotechnology, nuclear energy development and application, intelligent terminal equipment R&D and production.

High-end tourist equipment manufacturing and service industry: yacht and sailboat assembly and services, marine research and development services, rare marine biological cultivation and display and general aviation services.

Headquarter economy: headquarters of small and medium enterprises, the regional headquarters of large enterprises, the time - sharing headquarters and the settlement center.

Hospitals, schools, conferences, commerce and other supporting industries.

To facilitate people who want to invest and set up business in Sanya Creative Industry 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 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 )

-RepresentativeOffices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for company registration in Sanya Creative Industry Park

Hainan enacts preferential policies for industrial parks

Hainan has announced a raft of measures to boost the development of industrial parks and has collected tax revenue of 22.47 billion yuan ($3.25 billion) in 24 key industrial parks in the first half of 2018, according to the Hainan Provincial Bureau of Statistics.

It unveiled a package of incentive policies in the three fields of talent introduction, industrial promotion and taxation structure.

Talent introduction: Hainan is piloting schemes to give talents high-level monetary incentives and other forms of support. The provincial government has made a specific instruction on bringing in talents.

Industrial promotion: Hainan has released various preferential policies to support strategic emerging industries, high-tech, Internet, e-commerce and small and medium-sized enterprises (SMEs), creating a solid foundation for their development.

Taxation awards: Hainan has introduced a provincial tax structure that gives incentives to three major industrial parks, namely, the Yangpu Economic Development Zone, the Hainan International Tourism Island Pilot Zone and the Boao Lecheng International Medical Tourism Pilot Zone.

Municipal and prefectural governments are also ramping up incentives. For example, Haikou has stipulated 100 percent financial rewards based on the local retained portion of industrial parks' annual tax increment surpassing one million yuan and will subsidize transport costs of industrial enterprises making annual tax payments of over five million yuan. Chengmai county has also drawn up a list of each year's top 10 internet companies and rewards companies paying over10 million yuan in tax with 500,000 to one million yuan to be allocated to team management.

Preferential policies have stimulated local industrial development and led to the emergence of many industry clusters. For example, the pharmaceutical sector is thriving in the Haikou National High-tech Zone with a tax base of 1.63 billion yuan in the first half of 2018. Service sector clusters, as represented by the Hainan Eco-software Park, have also seen steady development with the 510 newly registered companies in the park paying gross tax of 1.23 billion yuan.

Introduction To Yangpu Economic Development Zone, Register Business Company Registration In Hainan China

Located in the Yangpu Peninsula in the northwest of Hainan, the development zone was approved as a national development zone enjoying preferential policies of the free trade zone by the State Council in 1992. In 2007, the State Council approved the establishment of the Yangpu Bonded Port in the development Zone. It was listed as a “new industrialization demonstration base (petrochemical)” by the Ministry of Industry and Information Technology in 2010 and a “national cyclic transformation pilot demonstration park” by the national development and Reform Commission and the Ministry of Finance in 2014.

Yangpu Economic Development Zone boasts the shortest distance to international main sea routes among all of China’s petrochemical bases. It is the nearest development to the South China Sea, and is the bridgehead for the construction of China ASEAN Free Trade Area and the regional economic cooperation in the Beibu Gulf area. The development zone is surrounded by sea in three directions and richly endowed with deep-water wharf and convenient transportation. In addition, it is a zone downwind and conducive to develop port-oriented industries.

The zone has an approved area of 30 sq km with a planned area of 120 sq km. About 50 sq km have been developed with an investment of 77.41 billion yuan ($11.71 billion) since its establishment more than 20 years ago.

According to plans outlined by local government, it will be built into a shipping hub, a petrochemical base, an oil reserve base and a pulp production base for Southeast Asia.

Yangpu Economic Development Zone will focus in particular on, oil and gas the chemical industry, logistics and trade, processing and manufacturing and the marine resource development. 

It focuses on inviting investment in the following fields:

1. Services relating to resource exploration in the South China Sea: marine engineering, port construction and operation, South China Sea resource exploration service and petroleum product trading center.

2. Petrochemical and supporting industries: ethylene, propylene, styrene, ethylene oxide, propylene oxide, OX downstream products, rubber and plastics processing and industrial gas.

3. Bonded port-oriented services: Export-oriented processing, warehousing logistics, display, international procurement and distribution, commodity trading.

4. Modern processing and manufacturing: equipment manufacturing and printing and packaging.

  

To facilitate people who want to invest and set up business inYangpu Economic 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 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 )

-RepresentativeOffices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for company registration in Yangpu Economic Development Zone

Introduction To Sanya Phoenix Airport Industry Park, Register Business In Sanya Hainan China

Sanya’s new airport and the airport economic zone will be developed in phases with a planned area of 33.43 square kilometers, including a 24-sq-km seaport operation area, a 4.18-sq-km international tourism business district and a 5.25-sq-km area for the airport’s supporting industries.

Port facilities, a home port for cruise liners, logistics warehousing, high-technology research and development, bonded duty-free zone, international trade and financial services are expected to be launched at the park.

The seaport operations area will be home to industries involving aviation, an international trade port and cruise home port and will invite enterprises engaged in airport operation, aircraft maintenance, aviation logistics, aviation food, fueling, airport facilities, international shipping to settle in it.

The international tourism business district will allocate clusters involving financial and commercial services, international tourism businesses, international headquarters and sci-tech innovation and maritime Silk Road cultural exchange and cooperation.

The airport supporting industrial zone will hold a comprehensive bonded zone, aviation logistics park, airline base, transportation hub and public service providers, covering the industries of office building, commerce, production, to logistics, processing, and other supporting service for daily life.

  

To facilitate people who want to invest and set up business in Sanya Phoenix Airport Industry 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 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 )

-RepresentativeOffices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for company registration in Sanya Phoenix Airport Industry Park

Introduction To Meian Ecological Science and Technology New Town High-tech Industrial Zone, Business Formation In Haikou Hainan China

Meian Ecological Science and Technology New Town are 17 km and 30 km away from downtown Haikou and Meilan International Airport respectively. Adhering to the principle of “developing the town with protective measures”, the new town will promote green transportation network, new energy supply system, water recycling system and underground pipe system.

Its’ health and life science, low-carbon manufacturing and high-technology industries, along with emerging industries like cultural and creative industry and modern service industry make up a “3+X” industrial system. 

A central park in the core area of the New Town will be built into the largest green space in Haikou. It will be home to a 250,000-sq-m headquarter economic zone, the Peiwen School of Peking University covering an area of 166 mu (110,667 sq m) and an apartment block for high-end talents. They will be built with an investment of 1.3 billion ($197 million), 500 million and 1.1 billion yuan, respectively. The Xinhai Meilin Center, Headquarter Economic Zone and Meian Marketing Center are currently under construction. 

Local government plans to build a 2.8-sq-km New Medicine Valley industrial park in the Meian Ecological Science and Technology New Town to boost the pharmaceutical industry. It will be allocated in the southern part of the first phase of the new town. It has a planed area of 4,200 mu. 

A 4,300-mu area will be used to build the low carbon manufacturing industrial park and high-tech industrial park, where companies including energy conservation, environmental protection, new energy vehicles, equipment manufacturing, tourism product manufacturing, new material industry, Internet and electronic information will gather. Currently, 13 projects have settled down and started construction in the area.

To facilitate people who want to invest and set up business in Meian Ecological Science and Technology New Town High-tech Industrial 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 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 )

-RepresentativeOffices

-Joint Ventures (Equity/Co-operative)

-Foreign Invested Partnership Enterprises (FIPE)

-HongKong Holding Company.

Contact Tom Lee for company registration in Meian Ecological Science and Technology New Town High-tech Industrial Zone