Sean O'Sullivan, founder of SOSV Fund. [Photo/www.ndxmi.com]
On April 23, Sanya SOSV Equity Investment Co., Ltd. successfully completed its industrial and commercial registration, and passed the record of the establishment of foreign-funded investment enterprises, which remarked that Hainan’s first foreign-funded equity investment enterprise established.
Sanya SOSV Equity Investment Co., Ltd. settling in Sanya Internet Information Industry Base, was invested by SOSV Fund, which is one of the world’s top venture capital companies. This company will invest in the newly start-up companies which are based on internet software and mobile smart hardware. Through providing seed funds and other supporting services for stare-up companies, it will support these companies inside and outside Hainan province to grow and participate in the international market competition.
Hainan is continuing to construct the Free Trade Zone and Free Trade Port, and actively creating a legalized, international and convenient business environment, which attract SOSV Funds to settle in Hainan. During the set-up of Sanya SOSV Equity Investment Co., Ltd., in terms of foreign-funded equity investment enterprise, relevant departments of commerce, market supervision, and financial supervision in Hainan province referred to Shenzhen and other cities’ practice to promote the settlement of the enterprise with policy guidance. Sanya Municipal Bureau of Commerce, Sanya Municipal Bureau of Financial Development and other departments also actively provided one-step guarantee services for the company.
Relevant officials of the Hainan Provincial Department of Commerce said that Hainan will continue to promote system innovation, and formulate management measures for foreign-funded equity investment enterprises, to achieve greater breakthroughs in foreign capital affairs.Responsible editor： 石一涵
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