Qianhai Investment Guide
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Tax and foreign exchange policies have been applied to bonded zones, export processing zones and bonded logistics parks. Integration linkages have been achieved in bonded zones and ports. Among China’s bonded areas, the Qianhai Bay Bonded Port Area is a customs area under special supervision at the highest level, the most preferential policies, the most complete functions and the highest degree of openness. This has unique advantages in the development of international trade, logistics and supply chain management and high-end maritime services.
According to the “Reply of the State Council on Relevant Policies of Supporting the Development and Opening up of the Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Cooperation Zone”, Shenzhen Qianhai implements more special preferential policies than other special economic zones, including policies concerning finance, taxation, legal institutions, talents, education, health care and telecommunications. These policies specifically include exploring pilot cross-border loans, building a cross-border RMB business innovation pilot area, a 15% reduction in corporate income tax rate on qualified enterprises, giving appropriate subsidies to the personal income tax of overseas high-end talent and urgently-needed professionals who work in Qianhai and meet the Qianhai planning industrial development needs and other policies. Also, the Ministry of Finance and the Ministry of Commerce set up integrated experimental units for Qianhai’s modern service industry development and gave financial support to Qianhai’s modern service industry innovation development.
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Port Supervision
Customs, Inspection and Quarantine, and other port inspection units use more convenient customs clearance management models, including loosening first-line restrictions so that cargo in the area can be moved freely, rebating taxes upon the entry into the area, and electronic filing of import and export cargo between bonded port area and overseas destinations. Inspection and quarantine departments can conduct overseas cargo quarantine instead of inspection upon entry into the free trade port zone as currently required. According to the Overall Development Plan for the Qianhai Area, approved by the State Council, the Bonded Port Area can learn from current international practices and actively explore policy and institutional innovation in special customs supervision areas. It will draw on the general rules of international free trade zones and ports in the future to explore the construction of bonded port area with international competitiveness.
Antecedence and Foretaste
The Qianhai Cooperation Zone is an “Special Administrative Region of Special Administrative Region” with the important and history-making mission of exploration and guidance in further reform and opening in China’s new age. Adhering to institutional innovation and precedence, it will actively draw on international practices and sophisticated operating experience, giving full play to the unique role of Hong Kong in Qianhai’s opening up, so as to form a development pattern of industrial growth, economic integration and social inclusion under the cooperation framework between Guangdong and Hong Kong.
Convenient Customs and Clearance Measures of The Qianhai Bay Bonded Port Area
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Zone and port integrated operations |
1.“Integrated management” is implemented in The Qianhai Bay Bonded Port Area and Shenzhen western ports. Direct allocation is used for the flow of goods between the two sides instead of the traditional transit mode.
2.The fast cross-border customs clearance has been introduced into pilot bonded port areas, so as to make the flow of goods between bonded port areas Huangang, Shenzhen Bay and other first-line ports free of sealing, sealing inspection and other transit procedures. |
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Classification management mode for innovation of the Bonded Port Area |
1.Based on enterprise clearance credit positions in the in-and-out zone, some high-credit companies are allowed to discharge goods into warehouses and then go through customs declaration procedures, conducting warehousing inspection on relevant goods.
2.Expand the management functions of relevant information systems and develop the function module of “delivering goods in batches and making centralized customs declaration”. Promotes the risk assessment and classification of enterprise clearance credit. Expand the scope of pilot enterprises with the convenient customs clearance mode of “discharging cargo first, then customs clearance”. |
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Provide customized services for enterprises |
1.Allocate manpower reasonably and provide “reservation” overtime services to achieve “5+2” no gap clearance.
2.The first Shenzhen customs inspection station for frozen goods is established in bonded port area to facilitate the logistics operations of enterprises.
3. As for dust-proof, anti-static and other special equipment and special cargo, based on the actual situation of enterprises and booking application, make sure they are cleared by customs smoothly by arranging “inspection in factories” for customs officers or in other ways. |
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com