Hainan Free Trade Port
Gives You the Opportunity to be one Step Ahead of Your Competition
Hainan Free Trade Port
Gives You the Opportunity to be one Step Ahead of Your Competition
What is the
Hainan Free Trade Port?
It is a policy and economic framework that will turn the whole province of Hainan into a Free Trade Port. Hence, Hainan is comparable in size to Belgium.
Especially if you are in the healthcare industry, entering the Chinese market through Hainan will bring many unimagined benefits.
Medical Drugs & Equipment
Certification Just Takes
50% Of The Time
Via Boao Lecheng International Medical Tourism Pilot Zone you can use your abroad approved medical drugs and equipment immediately in hospitals. This Pilot Zone is a Part of the Hainan Free Trade Port. And is home to some of the most modern hospitals in whole China.
If you wish approval for the whole Chinese market that can be done simultaneously. The approval process will be done entirely on Hainan. On average this process saves you 50% of the usual time period.
Optimal Business Environment
Duties 0%, Max. Tax Rate 15%
A series of tax and legal system changes: The taxes and duties for imports and export will be reduced to zero, businesses and individuals receive generous tax breaks (max. tax rate of 15%). The visa-free policy is extended step by step to more and more countries.
If you process your imported goods on Hainan and meet a 30% value-added threshold then you can sell your goods on the whole Chinese market at zero tariff. That gives you optimal access to the Chinese market and an opportunity to optimize your supply chain.
Many industries enjoy preferential policies like tourism & medicine, logistics, aviation, shipping, telecommunications, finance, …
Moreover, for these industries, the corporate income tax will be reduced to 15% (the standard China CIT rate is 25%).
In addition, for Hainan FTP enterprises, their foreign branch income, and foreign dividends will be exempt from CIT.