KYB CHINA(1988年5月4日国务院发布)
(Issued by the State Council on May 4, 1988)
为了吸收境内外投资，加快海南岛的开发建设，特制定本规定。
These provisions are formulated to attract domestic and foreign investment and accelerate the development and construction of Hainan Island.
国家对海南经济特区实行更加灵活开放的经济政策，授予海南省人民政府更大的自主权。
The State implements a more flexible and open economic policy for the Hainan Special Economic Zone and grants greater autonomy to the Hainan Provincial People's Government.
国家鼓励境内外的企业、其他经济组织或者个人(以下简称投资者)投资开发海南岛，兴办各项经济和社会事业。
The State encourages enterprises, other economic organizations, or individuals (hereinafter referred to as investors) from within and outside China to invest in the development of Hainan Island and to establish various economic and social undertakings.
国家依法保护投资者的合法权益，对投资者的资产不实行国有化和征收，在特殊情况下，为社会公共利益的需要，对投资者的资产可以依照法律程序实行征收，并给予相应的补偿。
The State protects the lawful rights and interests of investors in accordance with the law, and shall not nationalize or expropriate the assets of investors. Under special circumstances, for the needs of social public interest, the assets of investors may be expropriated in accordance with legal procedures, and corresponding compensation shall be given.
投资者必须遵守中国的法律、法规。
Investors must abide by the laws and regulations of China.
投资者可以下列方式在海南岛投资经营：
Investors may invest and operate on Hainan Island in the following ways:
(一)投资举办中外合资经营企业、中外合作经营企业、外资企业(以下简称外商投资企业)以及法律允许的其他类型的企业。各类企业的经营期限，由投资各方在合同中约定或者经有关主管部门批准；
(1) Investing in the establishment of Sino-foreign equity joint ventures, Sino-foreign contractual joint ventures, wholly foreign-owned enterprises (hereinafter referred to as foreign-invested enterprises), and other types of enterprises permitted by law. The term of operation of various enterprises shall be agreed upon by the parties in the contract or approved by the relevant competent authorities;
(二)购买股票、债券等有价证券；
(2) Purchasing stocks, bonds, and other negotiable securities;
(三)购买、参股经营或者承包、租赁经营企业；
(3) Purchasing, participating in the operation of, or contracting or leasing enterprises;
(四)采用其他国际上通行的投资方式投资经营，开展经济技术合作和交流。
(4) Adopting other internationally accepted investment methods to invest and operate, and to carry out economic and technological cooperation and exchanges.
海南岛国家所有的土地实行有偿使用。
State-owned land on Hainan Island shall be used on a compensated basis.
海南省人民政府可依法将国家所有土地的使用权有偿出让给投资者，土地使用权出让一次签约的期限根据不同行业和项目的具体情况确定，最长期限为七十年；期满后需要继续使用的，经批准期限可以延长。
The Hainan Provincial People's Government may, in accordance with the law, grant the right to use state-owned land to investors for a fee. The term of a one-time contract for the grant of land use rights shall be determined according to the specific circumstances of different industries and projects, with a maximum term of seventy years; if continued use is needed after expiration, the term may be extended upon approval.
投资者可以依照国家有关规定将取得的土地使用权有偿转让。
Investors may transfer the obtained land use rights for compensation in accordance with relevant state regulations.
海南岛的矿藏资源依法实行有偿开采。国家规定的特定矿藏资源开采应报经国家主管部门批准，其他矿藏资源开采，由海南省人民政府批准。允许投资者以合资经营、合作经营和独资经营的方式进行勘探开采。
Mineral resources on Hainan Island shall be exploited on a compensated basis in accordance with the law. The exploitation of specific mineral resources designated by the State shall be subject to approval by the competent state authorities; the exploitation of other mineral resources shall be approved by the Hainan Provincial People's Government. Investors are allowed to conduct exploration and exploitation through joint ventures, cooperative operations, or wholly owned operations.
投资者可以合资、合作方式在海南岛投资从事港口、码头、机场、公路、铁路、电站、煤矿、水利等基础设施建设，也可以独资经营专用设施，并可依照国家有关规定投资经营与上述设施相关联的各类企业和服务事业，实行综合经营。
Investors may invest in the construction of infrastructure such as ports, docks, airports, highways, railways, power stations, coal mines, and water conservancy projects on Hainan Island through joint ventures or cooperative operations, and may also operate specialized facilities through wholly owned operations. They may also invest in and operate various enterprises and service undertakings related to the above facilities in accordance with relevant state regulations, engaging in comprehensive operations.
根据经济发展的需要，经中国人民银行批准，可以在海南岛设立外资银行、中外合资银行或者其他金融机构。
According to the needs of economic development, with the approval of the People's Bank of China, foreign banks, Sino-foreign joint venture banks, or other financial institutions may be established on Hainan Island.
在海南岛投资兴办各项经济和社会事业，由海南省人民政府审查批准。但投资范围和投资总额超过国家授权海南省人民政府审批范围的，应当按照国家规定程序报批。
Investments in various economic and social undertakings on Hainan Island shall be examined and approved by the Hainan Provincial People's Government. However, if the scope of investment and total investment exceed the authority granted by the State to the Hainan Provincial People's Government for approval, the matter shall be submitted for approval in accordance with state regulations.
获准举办的企业作为投资进口的建设物资、生产设备和管理设备，为生产经营进口的原材料、零配件、包装材料和其他物料以及自用的交通工具、办公用品，由海南省人民政府自行审批。
For enterprises approved to be established, the import of construction materials, production equipment, and management equipment as investment, as well as raw materials, spare parts, packaging materials, and other materials imported for production and operation, and means of transport and office supplies for self-use, shall be approved by the Hainan Provincial People's Government on its own.
在海南岛举办的企业(国家银行和保险公司除外)，从事生产、经营所得和其他所得，均按15%的税率征收企业所得税，另按应纳税额附征10%的地方所得税。其中：
Enterprises (excluding state banks and insurance companies) established on Hainan Island shall pay enterprise income tax at a rate of 15% on income from production, operation, and other sources, and shall also pay local income tax at a rate of 10% of the tax payable. Among them:
(一)从事港口、码头、机场、公路、铁路、电站、煤矿、水利等基础设施开发经营的企业和从事农业开发经营的企业，经营期限在十五年以上的，从开始获利的年度起，第一年至第五年免征所得税，第六年至第十年减半征收所得税；
(1) For enterprises engaged in the development and operation of infrastructure such as ports, docks, airports, highways, railways, power stations, coal mines, and water conservancy projects, and enterprises engaged in agricultural development and operation, with an operating period of fifteen years or more, income tax shall be exempted from the first to the fifth year, and reduced by half from the sixth to the tenth year, starting from the year of profit-making;
(二)从事工业、交通运输业等生产性行业的企业经营期限在十年以上的，从开始获利的年度起，第一年和第二年免征所得税，第三年至第五年减半征收所得税，其中被海南省人民政府确认为先进技术企业的，第六年至第八年减半征收所得税；
(2) For enterprises engaged in productive industries such as industry and transportation, with an operating period of ten years or more, income tax shall be exempted for the first and second years, and reduced by half from the third to the fifth year, starting from the year of profit-making. Among them, enterprises recognized as advanced technology enterprises by the Hainan Provincial People's Government shall have income tax reduced by half from the sixth to the eighth year;
(三)从事工业、农业等生产性行业的企业，在按照规定减免企业所得税期满后，凡当年企业出口产品产值达到当年企业产品产值70%以上的，当年可以减按10%的税率缴纳企业所得税；
(3) For enterprises engaged in productive industries such as industry and agriculture, after the expiration of the period for reduction or exemption of enterprise income tax as stipulated, if the value of export products of the enterprise in the current year reaches more than 70% of the total value of products of the enterprise in that year, the enterprise may pay enterprise income tax at a reduced rate of 10% for that year;
(四)从事服务性行业的企业，投资总额超过五百万美元或者二千万人民币，经营期限在十年以上的，从开始获利的年度起，第一年免征所得税，第二年和第三年减半征收所得税。
(4) For enterprises engaged in service industries, with a total investment exceeding five million US dollars or twenty million RMB, and an operating period of ten years or more, income tax shall be exempted for the first year and reduced by half for the second and third years, starting from the year of profit-making.
对海南岛内的企业征收的地方所得税，需要给予减征或者免征所得税优惠的，由海南省人民政府决定。
With regard to the local income tax levied on enterprises within Hainan Island, if reduction or exemption of income tax is needed, the Hainan Provincial People's Government shall decide.
境外投资者在海南岛内没有设立机构而有来源于海南岛的股息、利息、租金、特许权使用费和其他所得，除依法免征所得税者外，均按10%的税率征收所得税。需要给予减征或者免征所得税优惠的，由海南省人民政府决定。
For overseas investors who have no establishment in Hainan Island but derive dividends, interest, rental, royalty fees and other income from Hainan Island, income tax shall be levied at a rate of 10%, except where tax exemption is granted according to law. Decisions on reduction or exemption of income tax shall be made by the People's Government of Hainan Province.
在海南岛举办的外商投资企业和外商持有25%以上股份的企业均享有进出口经营权，其他企业经海南省人民政府批准也可以享有进出口经营权，进口本企业生产、经营必需的货物，出口本企业的产品。
Foreign-invested enterprises established in Hainan Island and enterprises in which foreign investors hold 25% or more of the shares shall enjoy import and export operation rights. Other enterprises may also enjoy import and export operation rights upon approval by the People's Government of Hainan Province, and may import goods necessary for their own production and operation and export their own products.
海南岛内的企业进口本企业建设和生产所必需的机器设备、原材料、零配件、交通运输工具和其他物料，以及办公用品，均免征关税、产品税或增值税。
Enterprises in Hainan Island shall be exempted from customs duties, product tax or value-added tax on the import of machinery, equipment, raw materials, spare parts, means of transport and other materials, as well as office supplies, necessary for their own construction and production.
海南岛内的企业进口供岛内市场销售的货物，减半征收关税、产品税或增值税。
Enterprises in Hainan Island importing goods for sale in the island market shall pay customs duties, product tax or value-added tax at a reduced rate of 50%.
国家鼓励海南岛内的企业生产的产品出口。对企业生产的出口产品免征出口关税，除原油、成品油和国家另有规定的少数产品外，退还已征的产品税或增值税。
The State encourages enterprises in Hainan Island to export their products. Export duties shall be exempted on exported products produced by enterprises, and except for crude oil, refined oil and a few products otherwise stipulated by the State, the product tax or value-added tax already levied shall be refunded.
海南岛内的企业生产的产品在岛内市场销售的，除矿物油、烟、酒和海南省人民政府规定的其他少数产品减半征收产品税或增值税外，其余免征产品税或增值税。含有进口料件的，按照第十五条的规定，免征或者补征进口料件的关税、产品税或增值税。
Products produced by enterprises in Hainan Island and sold in the island market shall be exempted from product tax or value-added tax, except for mineral oil, tobacco, alcohol and a few other products specified by the People's Government of Hainan Province, which shall be taxed at a reduced rate of 50%. If imported materials and parts are used, customs duties, product tax or value-added tax on such imported materials and parts shall be exempted or supplemented in accordance with Article 15.
企业生产的产品销往境内其他地区，除国家限制进口的产品需按国家有关规定审批外，其余产品均可自主销售，但应照章征收产品税或增值税；含有进口料件的照章补征进口料件的关税、产品税或增值税。
Products produced by enterprises and sold to other regions within China shall be subject to product tax or value-added tax according to law, except that products subject to State import restrictions require approval in accordance with relevant State regulations; other products may be sold independently. If imported materials and parts are used, customs duties, product tax or value-added tax on such imported materials and parts shall be supplemented according to law.
海南岛内的外商投资企业的产品内销，符合国家以产顶进办法规定的，可以申请以产顶进。
Domestic sales of products by foreign-invested enterprises in Hainan Island that meet the provisions of the State's import substitution policy may apply for import substitution.
海南岛内的企业出口产品和从事其他经营活动取得的外汇收入，均可保留现汇，按当地中国人民银行的规定管理。
Foreign exchange income obtained by enterprises in Hainan Island from export of products and other business activities may be retained in spot foreign exchange and managed in accordance with the regulations of the local People's Bank of China.
企业可以在海南岛或者境内其他地区的外汇调剂市场调剂外汇余缺、平衡收支。
Enterprises may adjust foreign exchange surplus and deficit and balance income and expenditure in the foreign exchange swap market in Hainan Island or other regions within China.
境外投资者从在海南岛投资举办的企业获得的利润，可以从企业的外汇存款帐户自由汇往境外，免缴汇出额的所得税。
Profits obtained by overseas investors from enterprises invested in Hainan Island may be freely remitted abroad from the enterprise's foreign exchange deposit account, and income tax on the remitted amount shall be exempted.
境外投资者将从海南岛内的企业获得的利润，在境内再投资，期限不少于五年的，退还其再投资部分已缴纳所得税税款的40%；如果投资用于海南岛内的基础设施建设和农业开发企业、产品出口企业和先进技术企业，全部退还其再投资部分已缴纳的所得税税款。
If overseas investors reinvest in China the profits obtained from enterprises in Hainan Island for a period of not less than five years, 40% of the income tax already paid on the reinvested portion shall be refunded; if the reinvestment is used for infrastructure construction and agricultural development enterprises, export-oriented enterprises and technologically advanced enterprises in Hainan Island, all income tax already paid on the reinvested portion shall be refunded.
境内投资者从海南岛内的企业获得的利润，可以自由汇往境内其他地区。汇往境内其他地区的利润，从开始获利的年度起十年内不再补缴所得税。
Profits obtained by domestic investors from enterprises in Hainan Island may be freely remitted to other regions within China. Profits remitted to other regions within China shall not be subject to supplementary income tax within ten years from the year when profit-making begins.
凡与我国有外交关系或者官方贸易往来的国家或地区的外国人，到海南岛洽谈投资、贸易，进行经济技术交流、探亲、旅游，停留时间不超过十五天的，可临时在海口或三亚口岸办理入境签证手续；如有正当理由需要延长在海南岛内的停留期限或者转往境内其他地区，可按有关规定申请办理签证延期或加签手续。
Foreigners from countries or regions that have diplomatic relations or official trade relations with China, who come to Hainan Island for investment negotiations, trade, economic and technological exchanges, family visits, or tourism, and whose stay does not exceed fifteen days, may apply for a visa on arrival at Haikou or Sanya port. If there is a legitimate reason to extend the stay in Hainan Island or to travel to other regions within China, they may apply for visa extension or endorsement in accordance with relevant regulations.
在海南岛常驻的外国人、投资举办企业或者参加开发建设工作的外国人及其随行眷属，海南省人民政府有关部门可根据其申请，签发前往海南岛的多次入境签证。
For foreigners residing permanently in Hainan Island, those investing in enterprises or participating in development and construction work, and their accompanying family members, the relevant departments of the People's Government of Hainan Province may issue multiple-entry visas to Hainan Island upon application.
香港、澳门、台湾同胞和华侨，凡持有国务院主管部门及其授权机关签发的有效护照或其他有效证件，前往海南岛及转往境内其他地区或者出境，无需办理签证。台湾同胞可以直接在海南岛的口岸申领《台湾同胞旅行证明》。
Compatriots from Hong Kong, Macao, Taiwan and overseas Chinese holding valid passports or other valid documents issued by the competent department of the State Council or its authorized organs may travel to Hainan Island and to other regions within China or exit without a visa. Taiwan compatriots may directly apply for a 'Travel Certificate for Taiwan Compatriots' at the port of Hainan Island.
海南省的国内单位向境外派出经济、贸易、旅游机构，到境外举办企业，其人员出国，除国家另有规定者外，授权海南省人民政府审批。
For domestic units in Hainan Province to send personnel abroad to establish economic, trade or tourism institutions or to set up enterprises abroad, the People's Government of Hainan Province is authorized to approve such personnel's exit, except where otherwise stipulated by the State.
本规定未尽事项，海南省人民政府可按照国家有关经济特区的规定办理。
Matters not covered in these Provisions may be handled by the People's Government of Hainan Province in accordance with the relevant State regulations on special economic zones.
本规定的实施办法，由国务院有关主管部门会同海南省人民政府制定。
The implementing measures for these Provisions shall be formulated by the relevant competent departments of the State Council jointly with the People's Government of Hainan Province.
本规定自发布之日起施行。
These Provisions shall come into force on the date of promulgation.