Hainan Setup

Megalodon Tech, a custom software development firm, partnered with Hainan Setup to register their company in Hainan and manage their bookkeeping and tax filing obligations. As a small team, Megalodon Tech sought the freedom to prioritize their development work and rely on a local entity to oversee compliance and paperwork. Hainan Setup successfully aided Megalodon Tech in navigating local policy incentives and facilitated crucial tasks such as company registration, business license issuance, and ongoing financial statement preparation.

The project also involved continuous during-registration support where Hainan Setup meticulously delivered key services such as company seal issuance, tax registration, and handling monthly financial statements. Equipped with a deep understanding of the Hainan Free Trade Port policies, Hainan Setup also guided Megalodon Tech on how to qualify for incentives like the reduced corporate income tax clause. Moreover, Hainan Setup also ensured the software company complied with local regulations, some of which could have been easily overlooked.

By leveraging the services of 2-5 teammates from Hainan Setup, Megalodon Tech has managed to stay ahead of deadlines and regulation changes since the engagement began in April 2019. The collaboration came about through a referral and was further facilitated by Hainan Setup's proximity to Megalodon Tech and affordability. The ongoing business relationship has demanded an investment of less than $10,000 from Megalodon Tech. Ultimately, Hainan Setup's emphasis on detail and their commitment to their client have been pivotal in this successful engagement.