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In the morning of June 8, the State Council Information Office held a press conference to introduce the "Overall Plan for the Construction of Hainan Free Trade Port". At the press conference, Hainan Provincial Governor Shen Xiaoming introduced that Hainan Free Trade Port strives to create free investment facilities and implement "entrance is allowed if it is not prohibited". Unless there are compulsory standards and legal prohibitions, the government cancels approval in principle. The enterprise directly implements the record system and the commitment system, and can conduct business directly if it meets the conditions. At the same time, for foreign investment, there will be a pre-entry national treatment + negative list management dedicated to free trade ports. If you are engaged in the field encouraged by the construction of Hainan Free Trade Port, the income from direct investment abroad can also be exempted from income tax.
Shen Xiaoming, Governor of Hainan Province: Regarding the freedom of investment and convenience, Hainan Free Trade Port implements "entrance is allowed if it is not prohibited". Unless there are compulsory standards and legal prohibitions, in principle the government cancels the examination and approval, and the enterprise implements a record system and a commitment system. If the commitment meets the conditions, you can develop your business. The filing and acceptance department of the government fulfills its supervisory obligations through supervision during and after the event, and implements pre-entry national treatment + negative list management for free trade ports for foreign investment. On the basis of the free trade zone, we will further reduce the restrictions and prohibitions. For companies registered in the free trade port, we will support them to raise funds by issuing shares overseas. In addition, if he is engaged in tourism, modern service industry, high-tech industry, we encourage the field, the income of his direct investment abroad can be exempted from income tax.
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If you have further queries regarding Hainan free trade port negative list, you are welcome to contact Selina by calling 86-755-82143023/18948304248, email to selinawu@citilinkia.com.You can also visit Tannet’s website www.tannet-group.net or visit our Shenzhen office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China for more information.