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Hainan Free Trade Port Foreign Investment Negative List | 2020 edition

By EU SME Centre | Press Article      04.01.2021     Tags:

On 31 December 2020, National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM) issued the 2020 edition of the Special Administrative Measures on Access to Foreign Investment in Hainan Free Trade Port – namely the Hainan Free Trade Port Foreign Investment Negative List. The Negative List, which will be effective from 1 February 2021, indicates the industries and sectors in which foreign investment in the island is restricted or prohibited.

There are 27 items on the Negative List, ranging from agriculture and forestry, to transports, nuclear plants, communication technologies, scientific research, education, legal services, etc. This makes the Hainan FTP the most open region in China for foreign investment. The Hainan FTP FI Negative List is only one of the many measures adopted by the central government to make the island a world-leading business environment by 2035. Other significant measures to support foreign investors include: preferential income tax rate for both businesses and individuals; special customs supervision mechanisms; exemption from custom duties, import VAT and consumption tax for various categories of goods; as well as relatively easier access and utilization of land.

Do you want to know which specific industries and sectors are featured on the Hainan FTP FI Negative List, or what the differences are with other FI negative lists in China? Or perhaps an overview of the key opportunities offered by the Hainan Free Trade Port to European SMEs? Let us know through our ask the expert, where our experts can answer your specific China business or policy related questions.

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