· Initiate Independent Customs Operations throughout Hainan Island
· Full Implementation of Zero-Tariffs
-Import Duties
-Import VAT
-Consumption Tax
Free and Convenient Trade & Investment
· New Height of China's Opening-up to the World
· Free and Convenient Flow of Trade, Investment, Cross-Border Capital,People and Transportation
· Secureand Orderly Data Transfers
A High-level Free Trade Port with Strong GlobalInfluence in All Respects
Trade
Investment
Capital
People
Transportation
Data
Relax Offshore Duty-Free Shopping Policy |
· Quota raised to RMB100,000 per person/per year
· Expand Categories of Duty-Free Goods
Reduce Restrictions on Cross-Border Trade in Service |
· Release the Negative List for Cross-Border Trade in Service
· Grant National Treatment to Overseas Service Providers
Most-Simplified-Approval Investment Management System |
· Special List to Relax Market Access
· Negative List for Foreign Investment
More Convenient Visa-Free Entry |
· Foreigner's Self-Declaration
· 15-day Visa-Free Stay Policy to Foreign Tourist Groups Traveling by Cruise Ships
Shipping Policy |
· Establish the International Ship Registration Center and Yangpu-Port-of-China as a Port of Registry
· Remove the Limitation on Foreign Shareholding Proportion for Ship Registration Body
· Domestic Ships Registered at Yangpu-Port-of-China and Engaged in International Shipping are Entitled to Export Tax Rebate
More Convenient Visa-Free Entry |
· Expand the Arrangement for the Fifth and Seventh Freedom Rights of Air
· Support Airline Companies with Hainan as Their Core Base to Expand International Flight Routes
· Allow Both Inbound and Outbound Flights to Refuel With Bonded Aviation Oil Traveling by Cruise Ships
Facilitate Cross-Border Data Transfers |
Launch Pilot Projects on Security Management of Cross-Border Data Transfers
Hold National-Level Expos |
Imported Products are Entitled to Tax Exemption Policy
Low Tax Rates |
· Enterprises in the Encouraged Industries are Entitled to a Reduced Corporate Income Tax Rate of 15%
· Enterprises in Tourism, Modern Service and High-tech Industries Enjoy Tax Exemption for Income from Newly Increased Overseas Direct Investment Before Year 2025
· Capital Expenditures are Allowed to be Fully Deducted from the Taxable Income or Depreciated and Amortized at an Accelerated Speed
· Highly-Demanded Talents Enjoy an Personal Income Tax of 15%
Be Fully Authorized By Law |
· Accelerate the Formulation of the Hainan FTP Law
· Policies and Measures Adjustment will be Authorized by NPC and its Standing Committee or the State Council