Core Points - The registration process for companies in Hainan involves multiple steps including name approval, material submission, and license acquisition [2][5] - Hainan's unique policy environment has made it a hotspot for company registration, with various incentives attracting numerous businesses [2][6] Group 1: Registration Process - The first step is name approval, which typically takes 1 to 3 working days [2][4] - After name approval, applicants must prepare necessary documents such as company articles and shareholder identification [4][5] - The final step involves submitting all materials at the "multi-certification window" to receive the business license [2][5] Group 2: Policy Advantages - Hainan offers a reduced corporate income tax rate of 15%, significantly lower than the mainland's 25% [3][6] - The registration process is simplified, accelerating the review speed and making it easier for businesses to establish themselves [3][6] - The government encourages talent introduction, enhancing innovation capabilities within the region [3][6] Group 3: Company Types - Limited liability companies are suitable for small-scale operations, providing lower risk for shareholders [3][9] - Joint-stock companies are better for larger operations, allowing for more investors and risk distribution [3][9] - The choice between company types should consider the business's growth direction and funding needs [3][9] Group 4: Additional Information - The estimated cost for registering a company includes business registration fees, seal-making fees, and bank account opening fees, varying by company type [7] - The entire approval process from name approval to license acquisition typically takes about 1 to 2 weeks [8] - Modifications to company name or address require submission of an application to the market regulatory bureau [10]