Setting up a company or business in Hainan Island, China

The experts on how to set up a company or business in Hainan Island, China.

Hainan provides many opportunities for foreign businesses, although its complexity, regulations and constant changes makes it difficult to keep track on what is required when doing business here.

Tropicalhainan Free Trade Zone Business Services partners

Hainan Free Trade Zone services Company Call back

Advantages of the Hainan FTZ
Advantages of the Hainan FTZ

What are the unique advantages of the Hainan free trade zone?

According to Vice Minister of Commerce Wang Shouwen during a briefing on the blueprint for the Hainan FTZ “The whole island will be an FTZ, which will distinguish Hainan from the rest.”

The 35,400-square-km Hainan FTZ is 27 times the size of the other FTZs on the mainland. It is 49 times the size of Singapore and nine times that of Dubai.

According to one official, “Turning such a big area into an FTZ is a rare move,” “it will be good for integrating the reform mechanism, building more intricate and advanced modern industrial systems and promoting the overall opening of Hainan.”

Hainan province trade growth in first three quarters positive

What is the Hainan Free Trade Zone, overview, opportunities and challenges

April 2019, President Xi Jinping announced the establishment of the Hainan Free Trade Zone to mark the 30th anniversary of the country’s reform and opening-up.

According to the plan, the entire island of Hainan is to be transformed into a free trade zone (FTZ) – the country’s 12th and the first to cover a whole province.

The Hainan government aims for the Hainan FTZ to open in 2020 with a longer-term view for the development of the Free Trade Port by 2035.

6 thoughts on “Setting up a company or business in Hainan Island, China

  • April 10, 2021 at 4:59 pm
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    Good afternoon,

    I am rom Germany but currently living in Shanghai. I am also planning to register a small company in Hainan. A) Selling artworks and I am also asking for a partner who would like to register a small company B) investment fund company

    Looking forward to hear from you with more details and a quote.

    BR
    S. Law

    Reply
    • May 13, 2021 at 6:05 pm
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      Hi there,

      We’re ChronoCloud, a local partner of Tropical Hainan’s, which provides one-stop solutions including business registration, office space, accounting & finance, HR management & visa application, project management, publication and marketing assistance, etc.

      To discuss more details and get a tailor-made business solution in Hainan FTP, please do not hesitate to contact:
      Abby Wang ( Consultant )
      Tel: +86 186 8963 5009
      Email: abby@ichronocloud.com
      http://innovationhainan.com/

      Reply
  • July 8, 2020 at 7:52 am
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    Dear Director,
    Email us quote for the cost of registered a small company in Hainan FTZ:
    1. We are from Sydney, Australia.
    2. We wish to register a small company in Hainan FTZ, for the purpose of producing, wholesaling and retailing globally cultural artworks / books / products.
    Kind Regards,
    Paul Chang
    GPO Box 2133, Sydney NSW 2001, Australia

    Reply
    • July 13, 2020 at 8:21 am
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      Hello Paul.

      Thanks for your inquiry, we have replied to your email address

      Reply
      • May 10, 2021 at 11:42 pm
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        Hi
        My name is Ashu Malpani and iam based in HK and we are in jewellery business. I want to regiater a company in Hainan and open a showroom of jewellery here. Can i import my jewellery from HK without duty?
        Also will it be a 100% owned company by us.
        Kindly let me know.
        Ashu

        Reply
        • May 11, 2021 at 6:59 pm
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          Hi there Ashu,

          Yes, but by the year of 2025 when the whole Hainan island becomes an isolated customs supervision area.

          After the ‘Customs Isolation of the Whole Island’ implemented in 2025, all the mobility and management of ‘people, equity, goods’ shall follow The Law of Hainan Free Trade Port and its corresponding legal system. Hainan will be duty-free for goods from places other than mainland China.

          With major duty-free shops boosting in Hainan already and more in construction,and with international events as grand as China Consumer Products Expo held in Hainan recently, the world sees the potential of Hainan becoming a shopping paradise!

          We strongly recommend that you register your company in Hainan Free Trade Port the soonest possible to build your showroom, establish the supply chain framework, branding your products, so you’ll be ready to welcome the wave of customers ever increasing in Hainan!

          As a local company in Hainan who has been at the forefront of business practices in Hainan and analyzing the latest beneficial policies for business in Hainan,we have gained an expertise in providing our clients one-stop solutions including business registration, office space, accounting & finance, HR management & visa application, project management, publication and marketing assistance, etc.

          For more business inquiries, please contact:
          Abby Wang ( Consultant )
          Tel: +86 186 8963 5009
          Email: abby@ichronocloud.com
          http://innovationhainan.com/

          Reply

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