Invest in Hainan, which professional services are encouraged?

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 enterpriseRequirementsNon-free trade zone in the MainlandHainan Free Trade Port
Special partnership accounting firmA 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 firmsEstablishment 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

Haikou Jiangdong New Area

Sanya Central Business District

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Related article: Economic performance of Hainan Province in the first quarter, 2021

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