Invest in Hainan, which professional services are encouraged?
Policy advantages in the Hainan Free Trade Port
In conjunction with many institutional documents such as the Regulations on Certified Public Accountants and the Regulations on Lawyers in the Hainan Special Economic Zone as well as the Regulations on Diversified Dispute Resolution in Hainan Province, Hainan Free Trade Port has advantages in terms of establishing professional service enterprises, business operations and private practices etc.
Establishing companies and business operations in the Hainan Free Trade Port
| Type of enterprise | Requirements | Non-free trade zone in the Mainland | Hainan Free Trade Port |
| Special partnership accounting firm | A minimum number of partners A minimum number of certified public accountants Upper age limit for partners | 15 60 Under 65 years old | 10 40 Under 70 years old |
| Law firms | Establishment of personal accounting firm Establish corporate law firms Minimum number of partners in a Special general partnership law firm Minimum capital of special general partnership law firm Certified Public Accountants and other professionals become partners of special general law firms Cooperation with overseas law firms | Not allowed Not allowed 20 10 million RMB Not allowed Not allowed | Allowed Allowed 10 1million RMB Allowed mutually send lawyers and joint operation |
| Market research companies International arbitration institutions | Establishment of foreign market research companies in China Establishment of foreign arbitration institutions in China | Limited to joint ventures Generally not allowed | Wholly-owned allowed Supported |
Practice of professional service personnel in the Hainan Free Trade Port
Vocational qualification examinations for overseas personnel: Management Measures for Overseas Personnel Sitting Vocational Qualification Examinations in Hainan Free Trade Port (Trial) allow overseas personnel to sit nearly 40 occupational examinations.
One-way recognition of overseas professional qualifications: The vocational qualifications recognised under the Management Measures for the Practice of Overseas Personnel in Hainan Free Trade Port (Trial) involve over 200 types of vocational qualifications in more than 20 countries as well as Hong Kong, Macao and Taiwan regions.
Key areas
Accounting firms
Law firms
International arbitration institutions
Market research companies
Intellectual property service agencies
Recommended areas for investment in the Hainan Free Trade Port
Sanya Central Business District
Related article: Economic performance of Hainan Province in the first quarter, 2021
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