http://www.tommyconsulting.com Setup Company in Haikou Sanya Hainan China, offer range of business set up services in Hainan

1. Setup Company in Haikou Sanya Hainan China, offer range of business set up services in Hainan
Hainan is the smallest and southernmost province of the People's Republic of China, consisting of
various islands in the South China Sea. Hainan Island, separated from Guangdong's Leizhou
Peninsula by the Qiongzhou Strait, is the largest Chinese island and makes up the majority of the
province. Hainan's economy is predominantly agricultural, and more than a half of the island's
exports are agricultural products. Tourism plays an important part of Hainan's economy, thanks
largely to its tropical beaches and lush forests.
Haikou is the capital and most populous city of Hainan province, China. It is situated on the
northern coast of Hainan. Haikou exports substantial quantities of agricultural produce and
livestock. There is a small amount of industry, including canning, textiles, rice hulling, and light
engineering.
Sanya lies at the southern tip of Hainan Island at Sanya Bay, In recent years Sanya has become a
popular tourist destination Numerous international hotel chains are now established in the area.
Hainan Business Formation also can be understood as: Sanya company setup, Sanya corporate
formation, Haikou business setup, Haikou company registration, Haikou business establishment
and Sanya business registration.
To facilitate people who want to invest and set up company in Hainan, here is an introduction of
Types of business presence in China:
Before starting up a business n Haikou Sanya Hainan China, you have to know what are the
options. Foreign Investors generally establish a business presence in China in one of five modes:
Wholly Foreign Owned Enterprise (WFOE); Representative Office; Foreign Invested Partnership
Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.
Wholly Foreign Owned Enterprise (WFOE) is a Limited liability company wholly owned by the
foreign investor. WFOE requires registered capital and it's liability of equity , can generate income,

2. pay tax in China and it's profit could be repatriate back to investor's home country. Any enterprise
in China which is 100 percent owned by a foreign company or companies can be called as WFOE.
No. minimum registered capital is required for WFOEs with scope of business of consulting,
Trading, retailing, information technology etc. in China. There are minimum registered capital still
required for some industries for instance: Banking, Forwarding etc Since China still maintains
foreign currency control policy, it's still advisable to choose registered capital within RMB 100,000
~ RMB 500,000 as the minimum registered capital. Companies can now determine how much
capital will be required to maintain their operations and must simply ensure that they meet those
targets within a period of 10 years.
Representative Office (RO) is a Liaison Office of it's parent company. It requires no registered
capital. It's activities would be: product or service promotion, market research of it's parent
company's business, Quality Control liaison office etc in China. RO generally is prohibited to
generate any revenue nor generating contracts with local businesses in China.
Joint Venture (JV) is a Limited liability company formed between Chinese investor and Foreign
investor. The parties agree to create a entity by both contributing equity, and they then share in
the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to
engage the so called restricted in areas such like: Education, Mining, Hospital etc.
Since March 1, 2010: Measures of Establishment of Foreign Invested Partnership Enterprises
(FIPE) in China is taking effect. The regulation, which take effect since March 1, 2010, are known
as the Administrative Measures for the Establishment of Partnership Enterprise in China by
Foreign Enterprises or Individuals. There's no required minimum registered capital for a Foreign
Invested Partnership Enterprise (FIPE) in Shanghai, Beijing, Shenzhen, Hangzhou and rest cities of
China
Hong Kong Company usually been used as a Special Purpose vehicle (SPV) to invest Mainland
China. Hong Kong is one of the quickest locations to Incorporate a business. Although a HK
company is not a legal entity in Mainland China (MainlandChina and Hong Kong, See Wiki 1
country, 2 systems), lots foreign investors, especially investors from Europe and North America
still chose to setting up a Hong Kong company as SPV to invest China.
After China's entry to WTO, most industries in China welcome foreign investment, WFOE setting
up in China becomes the first option of foreign investment's entity structures instead of Rep.
Office setting up in China At the mean time, for tax purpose, effective licensing system etc more
and more investors use Hong Kong as the holding company to invest China mainland, using this
offshore company to hold their operations in China.
Since 2006, Tommy China Business Consulting has been focusing on consulting services for our
clients to invest in Hainan. We are specialized in establishment of wholly foreign owned
enterprises (WFOEs), setting up of offshore companies, trading services, tax minimization Assist
in obtaining government approvals and certificates for running business, negotiate and draft

3. various legal documents provide legal advice, negotiate government officer for Land acquisition
Advising on formation of WOFE and business structures ,managing and controlling WOFE in China
drafting privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a business license in Hainan China. We
offer a range of company formation services including helping you to set up:
-Wholly Foreign Owned Enterprises (WFOE )
-Representative Offices
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership Enterprises (FIPE)
-Hong Kong Holding Company.
Business set-up in Hainan is a big project by itself, which requires financial and time
commitments, business management knowledge and China expertise. Identifying a competent
agent to manage the complex process will be a cost and time effective way to avoid potential
pitfalls
Please visit  Http://www.tommyconsulting.com