Hainan rolls out measures to facilitate foreign investment

South China's Hainan province, the largest free trade zone in the country, recently rolled out a slew of measures to offer greater convenience for foreign investors.

The five special measures aim to help the island province build a business environment characterized by its rule of law, transparency, openness, and ease, providing enterprises with more convenient and efficient registration services. They are designed to attract domestic and foreign investors to get involved in the construction of Hainan Pilot Free Trade Zone (Port).

The moves include the establishment of special service zones at the government affairs offices of the municipal and county-level administration of market regulation, reduction of application materials, as well as simplification of the investors ID check process.

Hainan will also implement a special business application mechanism through which business entities can complete business registration by only submitting a residence information declaration form and a letter of residence information declaration commitment. The province will also launch online consultations, complaints filing functions, as well as an English-language column on its official business registration website https://218.77.183.36:9087/ICPSP/index.action (海南e登记).