Hainan Company Incorporation - Conpak CPA Limited

Hainan Company Incorporation

Relying on its unique natural environment and advantages of location, culture and policy, Hainan has become China's largest Special Economic Zone, largest Pilot Free Trade Zone and the only Free Trade Port with Chinese Characteristics. In order to comply with the demand of development, Hainan emphasizes "Three Main Industries", including tourism, modern service industry and high-tech industry, and has established "Five Main Platforms", including Major Technology Innovation Base for Aerospace, Southern Base of the National Deep Sea Center, National Southern Breeding Base, National Center for Tropical Agriculture and Introduce and Transit Base for Global Animal and Plant Resources. In the future, Hainan will become a touchstone for China's economic development and attract more people of insight to invest there.

Hinan's Leading Industries

  • Tourism
  • Modern Service Industry
  • High-tech Industry

Registration Process

  • Company name search
  • Submission of registration materials
  • Submission for review and approval (e.g., if there is any business item that needs any special operating license in the scope of business of the company)
  • Application for the business license
  • Carving of the official seal, the special financial seal and the legal representative seal
  • Bank Account Opening

Materials Needed

  • ID cards of shareholders and the legal representative
  • The company's name, scope of business and ratio of investments
  • Real estate certificate or official lease agreement

Preferential Tax Policy

  • For encouraged industries, the enterprise income tax will be levied at a reduced rate of 15%
  • Enterprises in tourism, modern service industry and high-tech industry shall be exempted from the enterprise income tax on their income from new overseas direct investment before 2025
  • Eligible capital expenditure can be deducted at once before tax or accelerated depreciation and amortization in the current period when the expenditure occurs
  • After the outside-custom operation is carried out through the whole island, enterprises with substantive operations (excluding those on the Negative List) will be levied at a reduced rate for enterprise income tax of 15% by 2035
  • The rate of top and scarce talents' individual income tax is no more than 15%
  • Self-use production equipment imported by enterprises is exempted from import duty, import value-added tax and consumption tax
  • Imported vehicles and yachts for operation are exempted from import duty, import value-added tax and consumption tax
  • Imported raw materials for production are exempted from import duty, import value-added tax and consumption tax
  • Imported goods purchased by island residents are exempted from import duty, import value-added tax and consumption tax

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Ms. Jenis Lee
+852 2666 2882
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+86 10 5659 1126
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+86 21 5389 6678
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+86 755 8828 8736

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