Let Chinese deal your Chinese business.
Let Chinese expand your Chinese market.

Favorable Policies in Haikou Tax Free Zone



Favorable Policies in Haikou Tax Free Zone

Haikou Tax Free Zone was approved by the State Council as a national level one. Apart from all favorable policies in Hainan Special Economic Zone, it has the following special policies:

1) All enterprises in the zone can be conferred with import and export license after approval and registration. No export and import license applies to imported machinery, construction materials,
office supplies used in the development zone, raw materials, parts, fuel, packed materials, and sailing goods for processing in the development zone, consumer materials in the zone, and goods
transported overseas after being processed in the zone.

2)No tariffs and value added tax apply to imported machinery and construction materials used for infrastructure construction in the zone, imported production and management equipments, fuel for production and operation, office supply, producing fitting out materials, and all parts used for above mentioned machinery.

3) Free tax applies to the materials, parts, components, packing materials, and goods in transit used for producing goods for export. Tax free also applies to 20 kinds of consumption of Tv set,
refrigerator, and A/C used in the zone.

4) Tariff free applies to export-oriented goods produced in the zone. No value added tax applies
except for crude oil and product oil. For export-oriented products processed in the zone with more than 20% of value added, but with materials outside the zone, the same favorable policies apply. The customs will grant tariff exemptions with the confirmation from the economic and hi-tech supervising department of Hainan (export license should be supplemented if it applies).

5)Products to moving between development zone and non-development zone are treated as import and export. For products moving from non- development zone to the development zone and are actually exported overseas in line with export management procedure, the customs can issue export tax rebate slip. For those products with national restriction on import purchased in but taken out of the zone, the customs should permit according to certain amount for self use.

6)Flexible and simple procedures apply to customs, including pre-declaration, concentrated declaration, agent declaration, permit with credit, and pass with supplemented procedure for emergency and 24-hour customs entry for fresh and living goods.

7)Enterprises in the zone can apply for project-based import if the products are for domestic sale. Free tax policies apply to the zone with enclosed management under the supervision of the customs. Apart from national policies, a series of other policies also apply, regulated by the Hainan Province and Haikou city. No quota and license applies to goods between the zone and abroad (except for passive export quota management). Registration should be made for overseas sailing goods, stored goods and processing trade goods to enter the zone. Except for laws or regulations otherwise specify, these rules apply to products moved into the zone from overseas regarding import tariff and other taxes:

(a)tax free for imported machinery, equipment and construction materials for infrastructure;
(b) tax free for production and management equipments for self use, certain amount of office supply, and parts of the equipment, fuel, and materials for building workshops and warehouse;
(c) tax free for imported materials, parts, components, packing articles for processing export-oriented goods;
(d) tax free for sailing goods and stored goods from overseas,that are export again. No time limit applies to storage.
(e) Tax free for import-oriented products produced and processed by enterprises in the zone.

Compass is a consulting & service agency for the corporations to enter Chinese market.
We can provide the one-stop services of investment inspection & business connection, collaborator recruiting & sales agent recruiting, mall entry, intellectual property protection, offline advertising, purchasing & Logistics, Chinese website design & promotion, and business translation.
If you corporation are interested in Chinese market and need help, please contact Compass.
Our specially-assigned staff will reach you within 24 hours.

TAG: tax free zone,export and import free tax policies

Labor Employment Policy in Beijing

Industrial Policies, Land Policies and Financial Policies for investing in Hainan

Homeinvesting in chinachina foreign investment policy

investment opportunities in china

Marketing in China
Purchasing in China
E-commerce in China
Investment in China

More +Contact us

E-mail:  info@doingbusinessinchina.org

Skype:  doingbusinessinchina


境内合作:  1119304547

About us

  Compass foreign business service center (Abbrev. Compass) is a comprehensive agency that can provide one-stop service for foreign businessmen from around the world. It’s the professional agency that get the permission to establish by Chinese government. Compass provides one-stop agency services for foreign businessmen in China- investment, purchasing, joining electronic commerce platform and marketing.
  Compass will help the foreign businessmen’ to do their business operations in China easier. The professional teams that consisted of different realm experts will greatly shorten the time in different steps, reduce the business costs, and the business risk in the investment project in China.

Intention to cooperate

The service you need

Intellectual Property Protection Agency(Marketing in China) Offline advertising agency in China(Marketing in China) Business Center Service(Marketing in China) Exhibition Agency in China(Marketing in China) The operation agent of online store(E-commerce in China) Chinese Website planning and designing(E-commerce in China) the agent for bidding advertisement of search engine(E-commerce in China) SEO Agency (E-commerce in China) Banner advertising agency(E-commerce in China) Establish foreign joint ventures in China(Investment in China) Establish wholly foreign owned enterprise in china(Investment in China) Supplier audit(Purchasing in China) Purchase agency services(Purchasing in China)

Partner  Team Comment

Complaint 合作 Top