Hainan has launched a Commercial Franchise Reform Pilot Work Plan, providing several actions to promote the franchise industry within and beyond the province island
Foreign universities will have the opportunity to run independently in the Hainan FTP.
Hainan will allow overseas medical devices, in vitro diagnostics (IVDs), and drugs that are unapproved at the national level – to be used exclusively in the Medical Tourism Pilot Zone. We discuss the specific conditions that apply.
Hainan has announced two new ways to collect offshore duty-free items starting April 1, 2023 – with associated tax benefits.
As China advances with its free trade ambitions, it’s a good time to learn about investment opportunities in Hainan Free Trade Port (FTP).
Hainan Free Trade Port’s incentives include lower corporate and income tax rates for qualified entities between January 1, 2020 and December 31, 2024.
Overseas service providers looking at Hainan should note how the negative list for cross-border trade in services will impact market access in 11 sectors.
China Releases First Negative List for Cross-Border Services Trade in Hainan: See Translated Document
The list was released on July 26, and will be implemented from August 26, 2021.