
Hainan company formation

Hainan company formation
Zhongzhi International is a company formation and compliance service provider based in Haikou, Hainan, that assists foreign investors and overseas companies with establishing and operating businesses in Hainan, China. The service operates in both English and Chinese and focuses on the full company setup process, including obtaining a business licence, registering for tax, preparing for corporate bank account opening, and arranging the accounting that follows. The firm also supports work visas, residence permits, and import and export registrations for eligible foreign staff and cross-border trading activities. The core services cover the registration of a wholly foreign-owned enterprise (WFOE), bookkeeping, tax filing, annual reporting, bank selection and KYC preparation, as well as corporate account opening coordination. Additional capabilities include import and export registration and cross-border e-commerce setup. The service also provides guidance related to Hainan Free Trade Port policies, including the potential 15% corporate income tax rate for companies that genuinely operate in Hainan and are active in encouraged industries. The typical engagement follows a structured workflow. First, the team reviews eligibility by examining who will own the company, what activities it will perform, whether foreign investment is permitted, and which licences apply. Second, the team confirms the company name, business scope, registered capital, and address, and identifies which documents are needed from overseas shareholders. Third, the company is registered, including the business licence, company seals, and tax registration. Fourth, ongoing compliance is handled through bookkeeping, tax filings, annual reporting, and updates to company records. Clients are expected to provide information such as company name, activities, ownership structure, shareholder identity or incorporation documents, registered address and premises documents, articles, registered capital, and appointments. The team confirms which documents must be notarised or apostilled before clients incur those costs. Quotes are itemised and cover formation services, address arrangements if required, document preparation, and industry-specific applications. Bank charges and ongoing accounting fees are budgeted separately. Official government materials are used as a starting point, with final requirements confirmed against the client's specific activity, shareholder structure, and licence position.