60 Key Policies of Overall Plan for the
Construction of Hainan Free Trade Port
01Maximum personal income tax of 15 percent for eligible talents.
02Corporate income tax of 15 percent on encouraged industrial enterprises.
03Exempt from import duties, import value-added tax and consumption tax on imported production equipment for enterprises’ own use.
04Exempt from import duties, import value-added tax and consumption tax on imported operational vehicles and yachts.
05Exempt from import duties, import value-added tax and consumption tax on raw and auxiliary materials imported for production.
06Exempt from import duties, import value-added tax and consumption tax on imported goods purchased by island residents.
07Raise the quota for offshore duty-free shopping to RMB 100,000 per person per year and expand the categories of duty-free products.
08Exempt from corporate tax on the income acquired from new foreign direct investment before 2025 for tourism, modern services and high-tech industry enterprises.
09Allow qualified capital expenditures to be fully tax-deducted; or to accelerate depreciation and amortization.
10Tax exemption on imports and sales for overseas exhibits during the exhibition.
11Products originating from Hainan, including output products whose added value exceeds 30 percent after the domestic processing of imported intermediary products, are exempt from taxes when entering the rest of China.
12Allow flights in and out of Hainan to refuel with bonded aviation fuel.
13Export tax rebates on domestically built ships that are registered at Yangpu Port of China and engaged in international transport.
14Allow ships (those engaged in domestic and foreign trade) that transit at Yangpu Port of China to refuel with bonded oil.
15Build Yangpu Port of China into an international port of registry.
16Adopt a trial policy of tax rebates at the port of departure on goods that use Yangpu Port of China as a transit port for the final departure from China.
17Adopt an import & export management system featuring “free flow through the first line and efficient control at the second line” in Yangpu Bonded Port Area and other qualified zones.
18Allow overseas high-level universities and vocational colleges specialized in science, engineering, agriculture and medicine to open branch schools independently in Hainan.
19Build Hainan into an island featuring innovative and international education.
20Establish a multi-functional free trade account system.
21Replace pre-audit with post-audit for the banking sector on authenticity review of cross-border and new international trade.
22Conduct the negative list of cross-border trade in services for Hainan Free Trade Port.
23Grant enterprises to get access to the market with a prior commitment.
24Conduct the special list of market access to Hainan Free Trade Port.
25Conduct the negative list of foreign investment access to Hainan Free Trade Port.
26Treat domestic and foreign enterprises as equals in government procurement.
27Implement a more convenient visa-free entry policy.
28Salary ranges employed as main indices to evaluate talents.
29Conduct a negative list management system on the issuance of work permits for foreign employees.
30Permit foreign personnel to serve as legal representatives in legal bodies, public institutions and state-owned enterprises.
31Remove restrictions on overseas ship and aircraft financing.
32Decentralize the registration management of foreign debts issued by enterprises to Hainan.
33Expand the scope of cross-border asset transfer.
34Prioritize the support of listing Chinese enterprises overseas.
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35Allow enterprises listed overseas to handle foreign exchange registration directly at banks.
36Establish Hainan International Intellectual Property Rights Exchange.
37Support overseas securities, funds, and futures institutions to set up wholly-owned or jointly-owned institutes in Hainan.
38Support the establishment of property insurance, life insurance and reinsurance companies, mutual insurance organizations and self-insurance companies.
39Support to develop cross-border medical insurance products in cooperation with overseas institutions.
40Support the construction of trading venues for international energy, shipping, property rights and equity stakes.
41Enable non-residents to participate in trading and fund settlement at trading venues.
42Develop over-the-counter (OTC) derivatives services.
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