China’s Hainan free trade port:
Introducing an innovative tax regime to attract investment (news link)
On 1st June 2020, a large-scale plan was announced by the Chinese government to transform the entire island province into a Free Trade Port (FTP), with the aim of turning it into the largest special economic zone in China (Wikipedia link)
Right now, almost all goods inbound for Hainan are exempt from tax and tariffs, but the specific policies about import companies that are registered in free port areas change gradually and all the time. Our company is based in the Haikou zone of free trade and free port, but for specific questions please don't hesitate to ask.
In earnest, Free Trade policy for the whole Province level will start 1st of January 2030.
But for some, this time has already come.
Introducing an innovative tax regime to attract investment (news link)
On 1st June 2020, a large-scale plan was announced by the Chinese government to transform the entire island province into a Free Trade Port (FTP), with the aim of turning it into the largest special economic zone in China (Wikipedia link)
Right now, almost all goods inbound for Hainan are exempt from tax and tariffs, but the specific policies about import companies that are registered in free port areas change gradually and all the time. Our company is based in the Haikou zone of free trade and free port, but for specific questions please don't hesitate to ask.
In earnest, Free Trade policy for the whole Province level will start 1st of January 2030.
But for some, this time has already come.