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Sanya will create a Special Fund for the Development of Cross-Border Electronic Commerce with a total budget of about $ 6.5 million

Recently, the "Interim Measures for the Management of Special Funds for Cross-Border E-Commerce in Sanya City" (hereinafter referred to as the "Measures") was revised and a change was made that the City of Sanya will create a special fund for the development of cross-border e-commerce with a total budget of about $ 6.5 million to encourage high quality cross-border e-commerce companies to establish themselves and increase the enthusiasm of local companies to engage in cross-border transactions.

 

According to the Measures, Sanya will support independent legal entities (including cross-border e-commerce companies, cross-border e-commerce platforms, third-party cross-border e-commerce service providers, and cross-border e-commerce industries) that are legally registered and pay taxes. To do this, businesses need to register on the integrated cross- border e-commerce pilot zone online platform (hereinafter referred to as the integrated pilot zone platform), announce the data as needed and include it in statistical monitoring.

 

In order to standardize the management of special funds for the development of cross-border e-commerce and improve the efficiency of the use of funds, the "Measures" clarifies that the special funds are jointly managed by the Sanya Municipal Commercial Bureau and the Municipal Finance Bureau. According to statistics, the achievement of business goals is associated with remuneration and subsidies.

 

The scope and standards include the development of cross-border e-commerce business structures, support for the creation of offline industrial cross-border e-commerce bases, encourage the development of cross-border e-commerce logistics and warehousing, support for cross-border e-commerce, as well as support for cross-border e-commerce overseas, digital marketing and creation brand. Taking cross-border e-commerce live broadcasts as an example, cross-border e-commerce companies whose annual sales exceed RMB 50 million will receive 0.4%, and a single company will be rewarded with a maximum of RMB 1 million per year.

 

The live streaming staff who work for a registered company in Sanya, which have over 500,000 customers on major live streaming platforms, contributes to over RMB 10 million in cross-border e-commerce sales of goods through live streaming and delivery in Sanya - 0 will be rewarded annually , 3% of the turnover amount, not more than RMB 500,000 per year. It is worth noting that if a business moves from Sanya within 5 years after receiving the special incentive subsidy, it must return the incentive subsidy previously received. The share of remuneration and subsidies for one enterprise should not exceed 30% of the total amount of remuneration of the city

 

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