Zhuhai Free Trade Zone services
Hotline: 86-755-82148419, Email:Info@citilinkia.com
Different Types China's Special Economic Zone - SEZ :
1.Definition of 'Special Economic Zone - SEZ'
Designated areas in countries that possess special economic regulations that are different from other areas in the same country. Moreover, these regulations tend to contain measures that are conducive to foreign direct investment. Conducting business in a SEZ usually means that a company will receive tax incentives and the opportunity to pay lower tariffs.
2.Gerneral Explains' Special Economic Zone - SEZ'
While many countries have set up special economic zones, China has been the most successful in using SEZ to attract foreign capital. In fact, China has even announced an entire province (Hainan) to be an SEZ, which is quite distinct, as most SEZs are cities.
3.New Areas & SEZs
Special Economic Zones (SEZs) were created by the People’s Republic of China to attract and utilize foreign capital investments. SEZs are regions/cities that are granted special economic policies and flexible governmental measures that provide special tax incentives for foreign investment enterprises. SEZs are given more independence on international trade actions and economic activities are driven directly by market forces.
The Zhuhai Free Trade Zone, With an Area of three sq km, established in November 1996 approved by the State Council, is the 15th Free Trade Zone in China. It is a base for processing export, bonded warehousing and international trade. It has attracted more than 150 enterprises from Germany, Japan, the USA, Canada, Australia, Taiwan, Hong Kong, Macao and other places.
The industries in the Zone cover maintenance of aircraft engines, production of aeronautic apparatus, manufacturing of electronic parts, optic-fiber components, medical equipment, biopharmaceuticals, bonded warehousing and logistics management.
Zhuhai Free Trade Zone was established on November 3, 1996 with approval of the State Council. The imported goods used within the Free Trade Zone, with the exception of automobiles, are exempted from the levying of import tariff, value-added tax and consumption tax.
With the exception of those goods whose exports are governed by quotas and those goods whose imports and exports are banned by the state, other goods can come to or go out of the Free Trade Zone freely without levying of tariffs and the need to apply for licenses.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82148419, or emailing to info@citilinkia.com.