Hainan Province is planning to roll out a package of measures to further open up to countries and regions such as Southeast Asia in 15 aspects, including taxation, import and export management and personnel exchanges.<\/p>\n\n\n\n
Authorities of Hainan Free Trade Port on Wednesday released a document to solicit public suggestions on establishing headquarters to allow Chinese enterprises and their counterparts from countries and regions like Southeast Asia to enter each other\u2019s market.<\/p>\n\n\n\n
According to the document, foreign-funded enterprises invested by these countries and regions can enjoy a favorable corporate income tax rate of 15 percent in Hainan, and staff of these enterprises and citizens can enjoy a favorable individual income tax rate of 15 percent.<\/p>\n\n\n\n
Hainan will expand its zero-tariff list in due course to include more competitive products from Southeast Asia and other overseas countries and regions.<\/p>\n\n\n\n
The province will support enterprises from these countries and regions to enjoy the tariff-free policy of value-added processing and these enterprises can independently choose value-added processing policies of Hainan Free Trade Port or those agreed by the Regional Comprehensive Economic Partnership.<\/p>\n\n\n\n
For qualified enterprises in tourism, modern service industry and high-tech industries established at Hainan Free Trade Port by these countries and regions, their income from newly-added overseas direct investment before 2025 can be exempted from corporate income tax.<\/p>\n\n\n\n
Meanwhile, Hainan will implement more convenient visa-free entry measures to facilitate personnel exchanges. People from these countries and regions can apply for visa-free entry to Hainan for business, visits, family gatherings, medical treatment, exhibitions, sports competitions and other purposes. And the 15-day visa-free entry policy for cruise groups from these places will be implemented as well.<\/p>\n\n\n\n
In addition, Hainan plans to set up special scholarship for students from these countries and regions and to expand cruise routes from Hainan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hainan Province is planni<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/posts\/279"}],"collection":[{"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/comments?post=279"}],"version-history":[{"count":1,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/posts\/279\/revisions"}],"predecessor-version":[{"id":280,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/posts\/279\/revisions\/280"}],"wp:attachment":[{"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/media?parent=279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/categories?post=279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ftpol.com\/en\/wp-json\/wp\/v2\/tags?post=279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}