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    Why Hainan

    Hainan launches action plan on building first-class business environment

    InvestHainan | Updated: 2020-10-21

    To speed up the establishment of a law-based, international, and convenient business environment to further unleash vitality and creativity among various market entities, as well as to accelerate the building of Hainan Free Trade Port (FTP), Hainan province has launched an action plan that has taken its unique conditions into consideration.

    I. Starting a business

    1. Further the reform to separate business licenses and operation permits with full coverage on pilot projects. For administrative licensing issues undertaken by provincial and lower-level governments, the optimized approval service is replaced by registration document filing and the notification commitment system. 

    2. Free seal-engraving service will be provided to businesses in all aspects and across the whole province for the engraving of company official seals, financial seals, invoice seals, and legal representative seal. 

    3. Explore the practice of the commitment system for business residence and the notification commitment system for business name registration to increase the one-time pass rate of the business name verification process.

    4. Apply the pilot supervision mode of presumed qualification with "unconditional access, registration upon filing, approval-free operation, and credit-based supervision" in Yangpu Economic Development Zone, Boao Hope City, Haikou Jiangdong New District, and Sanya Yazhou Bay Science and Technology City in areas with mandatory standards.

    Enterprises are allowed to undertake business activities with their business license upon making the qualification commitment, while sectoral administrative departments should provide guidance from the early stages, follow the whole process, and direct and urge enterprises to abide by relevant laws and regulations, as well as industry norms through spot checks and by guiding industrial associations to make self-examinations and credit ratings among other during-and-after-event supervision methods.

    II. Dealing with construction permits  

    5. Establish the public service information platform for the planning and creation of engineering construction projects in Hainan province, as well as improve the scientific decision-making process for projects.

    6. Explore the reform of adopting the "checklist plus commitment" system in the examination and approval of small and medium-sized engineering projects invested in by social investors, and formulate a simplified approval process.

    7. Promote pilot implementation of Inherent Defect Insurance (IDI) for construction project quality in the Yangpu Economic Development Zone, Boao Hope City, Haikou Jiangdong New District, and Sanya Yazhou Bay Science and Technology City, as well as explore the insurance model of risk control in the whole process of project quality safety.

    III. Registering property 

    8. Explore and establish a regular updating mechanism of cadastral maps, regularly update the cadastral map data disclosed to the public, provide search service through which the natural status of real estate properties registered in the province, seizure, mortgage, and restrictions on the properties, cadastral map and other information according to the address (except for information related to the privacy of enterprises and individuals).

    9. Promote the joint mode of "real estate registration plus online integrated service platform plus mobile app" to enhance the registration efficiency.

    10. Explore the establishment of the rapid mechanism for the reduction and exemption of real estate registration fees for small- and micro-sized businesses. Individual businesses can apply for real estate registration with their business license, and the real estate registration fees will be directly exempted.

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