Hainan company registration can enjoy tax benefits.
Encouraged industrial enterprises registered in Hainan Free Trade Port and operating substantially will be levied a corporate income tax at a reduced rate of 15%. The encouraged industry enterprises referred to in this article are enterprises whose main business is the industrial projects specified in the encouraged industry catalog of Hainan Free Trade Port, and whose main business income accounts for more than 60% of the total enterprise income.
The actual management organization of the so-called substantive operating enterprises is located in the Hainan Free Trade Port, and implements substantive and comprehensive management and control over the enterprise's production and operation, personnel, accounts, property, etc. Enterprises that do not meet substantive operations shall not enjoy preferential treatment.
Extended information:
The introduction to Hainan company registration is as follows:
The catalog of encouraged industries in Hainan Free Trade Port includes the "Guidance Catalog for Industrial Structural Adjustment (2019 Edition)" ”, “Catalogue of Industries Encouraged for Foreign Investment (2019 Edition)” and the new catalog of encouraged industries for Hainan Free Trade Port. If the above catalog is revised during the implementation period of this notice, the new version will be implemented from the date of implementation of the revised version.
For qualified enterprises whose head offices are located in Hainan Free Trade Port, a 15% tax rate will apply only to the income of their head offices and branches located in Hainan Free Trade Port; Enterprises outside Hainan Free Trade Port.
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