Hainan company registration can enjoy tax incentives.
Encouraged industrial enterprises registered in Hainan Free Trade Port and substantially operating in Hainan are subject to a reduced enterprise income tax rate of 15%. Encouraged industrial enterprises referred to in this article, to Hainan Free Trade Port encouraged industrial projects specified in the catalog of industries as the main business, and its main business income accounted for more than 60% of the total enterprise income.
Substantial operation of the enterprise referred to as the actual management organization located in Hainan Free Trade Port, and the implementation of substantial and comprehensive management and control of the enterprise's production and operation, personnel, accounts, property and so on. Enterprises that do not qualify as substantially operating enterprises shall not be entitled to the preferences.
Extended information:
. p>Hainan company registration is introduced as follows:
The catalog of encouraged industries in Hainan Free Trade Port includes the "Guidance Catalog for Industrial Structure Adjustment (2019 version)", "Encouragement of Foreign Investment Industry Catalog (2019 version)" and the catalog of newly encouraged industries in Hainan Free Trade Port. If the above catalogs are revised within the implementation period of this notice, they will be implemented according to the new version from the date of implementation of the revised version.
The 15% tax rate shall be applied to eligible enterprises whose head office is located in the Hainan Free Trade Port only in respect of the income derived from their head office and branches located in the Hainan Free Trade Port; and to enterprises whose head office is located outside the Hainan Free Trade Port.
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