There is no minimum registered capital requirement for most WFOEs in Hainan. However, some specific industries may have minimum capital requirements. We recommend discussing your specific business type with our experts to determine the optimal capital structure.

Company registration in Hainan typically takes 7–15 business days for a standard WFOE—significantly faster than many other Chinese cities. The streamlined processes in Hainan Free Trade Port allow for more efficient registration procedures.

The 15% corporate tax rate applies to encouraged industries including tourism, modern services, high-tech industries, and tropical agriculture. Specific activities within these sectors must meet certain criteria. Our tax experts can assess your business eligibility.

No. You need to complete company registration and obtain your business license before opening a corporate bank account. However, we can help facilitate the bank account opening process immediately after registration is complete.

Business professionals can apply for Z visas (work visas), followed by work residence permits. High-skilled professionals may qualify for R visas (talent visas) which offer additional benefits. Family members can apply for dependent visas.

Hainan offers more liberal foreign ownership policies compared to mainland China. Most industries allow 100% foreign ownership, with only a few restricted sectors. The negative list for foreign investment is shorter in Hainan FTP.

Companies must file annual reports, maintain proper accounting records, conduct annual audits (for some companies), and comply with tax filing requirements. We provide ongoing compliance support to ensure all obligations are met.

Yes. You can hire international staff—they will need appropriate work visas and residence permits. Hainan has streamlined procedures for work-permit applications, especially for high-skilled professionals and those in encouraged industries.