What types of companies can be established in the Hami Free Trade Zone, and what are their differences?

In the Hami Free Trade Zone, different types of companies can be established, including limited liability companies, branch companies, and representative offices, each with differences in liability, taxation, and operational authority:

Limited liability companies in the free trade zone have shareholders with limited liability, independent legal status, and can independently conduct various businesses while enjoying preferential tax policies. Branch companies do not have independent legal status, and their liabilities are borne by the parent company, with taxes typically consolidated under the parent company. Representative offices cannot engage in direct business activities and are mainly used for market research and liaison work. If you want to fully expand business operations and independently bear liabilities, a limited liability company is suitable. If you only intend to conduct preliminary market research, a representative office is more appropriate. If you rely on the parent company's business expansion, a branch company may be considered. (Adam)