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How to Set Up a WFOE in Hainan Free Trade Port

Hainan Free Trade Port (FTP) is China’s newest and most dynamic gateway for international business. With a favorable policy framework, competitive tax incentives, and a strategic location linking Asia and the world, Hainan offers vast opportunities for investors looking to establish a Wholly Foreign-Owned Enterprise (WFOE) or expand an existing global business.

1. Understand Industry Policies

Before registering a company, investors should determine whether their business falls under the Encouraged Industries List or the Negative List.

Encouraged industries in Hainan FTP span 14 major sectors, including agriculture, manufacturing, logistics, finance, information technology, scientific research, healthcare, culture, and education. The government also promotes high-tech industries such as AI, blockchain, the Internet of Things, and digital trade.The Negative List outlines industries where foreign investment is restricted or prohibited. If your business does not appear on the list, it is generally open to full foreign ownership.

2. Choose the Right Business Structure

Foreign investors in Hainan can establish various types of legal entities, such as:

  • Limited Liability Company (LLC)
  • Joint Stock Company
  • Foreign-Invested Enterprise (WFOE)
  • Representative Office or Branch

Selecting the appropriate structure depends on your investment scale, operational needs, and long-term goals.

3. Select an Ideal Location

Hainan has designated 11 key industrial parks as core zones for investment, covering tourism, modern services, and advanced technology. Notable areas include:

  • Yangpu Economic Development Zone
  • Bo’ao Lecheng International Medical Tourism Pilot Zone
  • Haikou Jiangdong New Area
  • Sanya Yazhou Bay Science and Technology City
  • Wenchang International Aerospace City
  • Hainan Resort Software Community

Each zone offers specific incentives, preferential tax rates, and sector-focused support.

4. Why Choose Hainan FTP

With its combination of open trade policies, simplified administrative procedures, and strong government support, Hainan FTP is rapidly emerging as a leading hub for international enterprises. Through Hainan Free Trade Port company registration and Hainan WFOE registration, foreign investors can establish a presence with easier market entry and enjoy various tax and policy incentives. The port’s goal is to build a world-class business environment that integrates talent, capital, and innovation.

 

Tannet Group provides one-stop professional services for foreign investors in Hainan, including company registration, tax planning, accounting, and compliance management — helping businesses enter the market efficiently and operate with confidence in China’s newest free trade frontier.

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