On December 18, Hainan officially launched the island-wide customs closure operation. Don't worry, the "customs closure" is not the "island closure" - it is still very convenient for everyone to enter and exit Hainan, no additional documents are required, and tourists from 86 countries can enter visa-free.

This customs closure implements the policy of "first-line liberalization, second-line control, and freedom on the island":

One of the biggest benefits is "zero tariffs"! 74% of goods (6,600 in total) are now exempt from import duties, a significant increase from the previous 21%. This means that more imported goods are cheaper.

What dividends will this customs closure bring? Jingtai will take you to see!

What is Hainan "customs closure"?

"Customs closure" is not "island closure", but turning the entire Hainan Island into a special customs supervision area, implementing a set of new rules that are more open and convenient, and the core is 12 words: "first-line liberalization, second-line control, and freedom on the island"

The "first line" refers to the border between Hainan and overseas countries (such as the United States, Thailand, Japan, etc.).

Many goods imported from abroad to Hainan are directly exempt from tariffs (i.e., "zero tariffs").

The original only 21% of goods can enjoy "zero tariffs", but after the customs closure, it has expanded to 74%, covering more than 6,600 types of goods, including production equipment, raw materials, daily necessities, etc.

Eligible goods can enter the island through the existing eight ports in Hainan and be released directly, greatly simplifying the procedures. For example, a company uses imported coffee beans to make coffee in Hainan, as long as it is sold on the island, it does not need to pay import duties, and the cost is lower

The "second line" refers to the border between Hainan and other provinces in the mainland. Bringing "zero tariff" goods into the mainland from Hainan generally requires paying tariffs - they cannot flow into the country duty-free

But there is an important exception: if the value-added of imported raw materials is processed in Hainan by more than 30%, they can be sold to the mainland duty-free! Another example: importing durian from Thailand (duty-free into Hainan) and making dried durian or durian cake, if the value after processing is 30% higher than the raw materials, it can be sold duty-free to Beijing and Shanghai! Consumers can also buy cheaper imported processed foods

For products that use both imported and local raw materials, it is not difficult to achieve 30% value-added, and many companies can do it.

What are the benefits for ordinary people?

"Freedom on the island": In Hainan, movement is freer, and in Hainan Island, goods, funds, personnel, data and other elements can flow more freely. Business operations are more convenient, and life is more open for individuals:

In addition, departing passengers can also shop at duty-free shops! In addition to passengers who take planes, trains, and ships "to outlying islands", now passengers who leave the country directly from Hainan (such as flying abroad) can also shop at duty-free shops on outlying islands.

If you are a local resident of Hainan, as long as you have a record of outlying islands this year, you can use the "buy and pick up" method as many times as you want to buy duty-free goods this year - you don't have to wait for the day of the outlying islands, you can buy and take it away!

Hainan duty-free shopping has been comprehensively upgraded - more categories, domestic products join, more convenient for residents, and more free experience. Go to Hainan, you can really "buy coolly and save a lot"!

What are the opportunities for working in Hainan?

1. Only high-income earners can save individual tax

If you are a high-end or scarce talent recognized by Hainan Free Trade Port, working in Hainan, the actual tax rate of individual income tax exceeding 15% is directly exempted! For example, the tax that was originally 20%, 25% or even higher is now only calculated at 15% - the higher the annual salary, the more you save.

2. More than 1,100 industries enjoy preferential corporate income tax

The industries encouraged by Hainan have expanded to more than 1,100 directions, including: biomedicine, offshore wind power, special purpose vehicle manufacturing, green building materials, digital economy, modern service industry, etc.

For enterprises in these areas, corporate income tax is levied at a flat rate of 15% (generally 25% in the mainland), which is lower and has more room for development - which naturally brings more high-quality jobs.

3. The influx of foreign capital brings more opportunities

As more and more foreign-funded enterprises and major projects land in Hainan, the demand for various jobs is growing rapidly, from technology research and development, project management to operation services, and employment options are richer and more internationalized.

Jingtai Investment Advice: Three types of opportunities are worth paying attention to

Consumption and retail track

duty-free operators (such as China Duty Free), cross-border e-commerce, brand flagship stores; Domestic high-quality consumer goods enterprises (tea, coffee, clothing, small household appliances) use duty-free channels to go overseas + domestic sales.

High-end manufacturing and green industry

"Encouraged industries" such as offshore wind power, new energy vehicle parts, biopharmaceuticals, and environmental protection materials focus on companies that set up factories in Hainan and use the "30% processing value-added" rule to enter the mainland market.

Modern service industry

International education, medical and health care, financial technology, exhibition tourism; With the increase in visa-free + international flights in 86 countries, the demand for high-end service industries will explode.

Risk warning: It takes time for the policy to be implemented, and some detailed rules are still being improved; To avoid speculation about "concept real estate", Hainan strictly controls real estate speculation.