Shenzhen Free Trade Zone Advantages

Shenzhen Free Trade Zone Service
Hotline: 86-755-82143348, Email: amyhuang@citilinkia.com

Shenzhen free trade zone has some advantages compare to non free trade zones and these advantages can be mainly divided into three classifications.

1 Corporation registration
In free trade zone, both overseas and domestic enterprises and other economic organizations or individuals are allowed to invest and establish trading, warehousing or export. However, in non-free trade zone more restrictions are set for foreign investors. Generally only offices that have no status of legal representative can be establish in this type of zone.

2 Customs administration
In free trade zone, bonded system is adopted and productions transported in the free trade zone from overseas, or vice versa, shall be exempted from import duties and licenses compared to non-free trade zones. Additionally, Electronic Data Interchange (EDI) system are applied in free trade zones with wider online network linking customs and enterprises compared to non-free trade zones. Only a limited number of large-scale companies are allowed to benefit from the EDI system for customs declaration.

3 Foreign exchange administrations
In free trade zones, free settlement of exchanges is carried out for companies’ foreign exchange out for companies’ foreign exchange income. Foreign exchange can be either deposited in financial organizations in free trade zone, or be sold to foreign exchange banks in the zone. Foreign-funded companies in free trade zone can open their own foreign accounts according to regulations and foreign-funded companies can share a unified exchange administration with Chinese-funded companies over current accounts. In contrast, in non-free trade zone, foreign exchange settlement and transaction for foreign-funded companies are complex. Foreign exchange shall be sold only to the appointed foreign exchange banks.

Contact us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143348, or emailing to amyhuang@citilinkia.com.