The preferential policies of Hainan Free Trade Port cover many aspects such as taxation, trade freedom, and investment convenience, and will surely create rare opportunities for foreign investors to develop in China.
The preferential policies of Hainan Free Trade Port cover many aspects such as taxation, trade freedom, and investment convenience, and will surely create rare opportunities for foreign investors to develop in China.
1 Tax preferential policies
(1) Corporate income tax: For enterprises in encouraged industries registered in Hainan Free Trade Port and operating substantially, corporate income tax will be levied at a reduced rate of 15%. This policy will be extended to all enterprises registered and operating substantially in Hainan Free Trade Port after 2025 (except for industries on the negative list).
(2) Personal income tax: For high-end talents and scarce talents working in Hainan Free Trade Port, the part of their actual personal income tax burden exceeding 15% will be exempted.
(3) Zero tariff policy: A zero tariff policy is implemented for imported self-use production equipment, operational transportation vehicles and yachts, raw and auxiliary materials, etc., which greatly reduces the import costs of enterprises.
2. Trade liberalization policy
Hainan Free Trade Port implements a management model of "first-line liberalization, "second-line control", and freedom within the island, simplifying the customs clearance process, improving customs clearance efficiency, reducing trade costs, and promoting the development of new formats such as cross-border e-commerce and digital trade.
3. Investment facilitation policy
Relax market access, implement the negative list management system for cross-border trade in services and the negative list management system for foreign investment access, and attract foreign-funded enterprises and international talents to invest and start businesses in Hainan.
4. Financial innovation policy
Promote the opening up of the financial sector, support the development of emerging formats such as cross-border finance and green finance, and strengthen financial supervision to ensure the stability of the financial market.
5. Construction of legal and regulatory system
Accelerate the construction of a legal and regulatory system that is compatible with the construction of the free trade port, and provide legal protection for the construction of the free trade port.
These preferential policies are aimed at attracting domestic and foreign investment, promoting trade liberalization and facilitation, optimizing the business environment, and promoting high-quality economic development. It should be noted that specific policies may be adjusted and optimized according to actual conditions. Enterprises and individuals should pay close attention to the latest developments of relevant policies when enjoying policy benefits.