Hainan WFOE Registration

Hainan Province is located in the southernmost tip of China, the capital of Haikou City, with a total land area of 35,400 square kilometers and a sea area of approximately 2 million square kilometers. Hainan has a special geographical advantage. The north is bounded by the Qiongzhou Strait and Guangdong Province. The other three sides are separated by the sea. It is adjacent to the Philippines, Brunei, Indonesia and Malaysia. It is a maritime main point between the Indian Ocean and the Pacific Ocean. Area center. At present, Hainan Province is China's largest special economic zone, the largest free trade pilot zone and the only free trade port with Chinese characteristics.

How to register a WFOE in Hainan?

A Hainan WFOE, known as wholly owned foreign enterprises, or FICE ( foreign invested commercial enterprises ), as the name suggests, the company’s 100% shares owned by foreign national(s), individual(s), or oversea existed corporation(s), no nationality restrictions for foreign shareholder(s), owner(s), as well as the key position of corporate structure, such as legal representative, supervisor, and other core elements.

Basic Initial Requirements to start a Hainan WFOE registration:

1. At least 1 investor (from any country except China, including Hong Kong, Macau and Taiwan regions);

2. 1 director or a board of directors. The investor can be the director;

3. 1 legal representative;

4. 1 general manager;

5. 1 supervisor (a supervisor cannot be a director, legal representative, or senior executive of the WFOE);

6. Registered company address (can be a virtual office address);

7. The business scope of the new company to be established.

Our Hainan WFOE Service Packages Contain the Following Items:

1. Assist global customers to jump into China market.

2. Collection, approval, and verify the documentation prepared by customers and our teams.

3. Offer a legal virtual office address to obtain the approval of registration.

4. Name search and submit application, get the approval of the corporate name.

5. Documents and forms preparation, and signature of the corporate shareholder(s).

6. Apply for the certificate of registration of foreign owned enterprise approved by the local Municipal Commission of Commerce.

7. Obtainment of the business registration license from the local licensing authority, know as: 5-in-1 business license.

8. Issuing of the corporate stamps, known as corporate seals.

9. Documents collection and submitting for tax registration, and VAT taxpayer application.