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Qianhai Pilot FTZ has been receiving much attention due to its many preferential policies and rules. Tannet has concluded them on a list for you:
1.The State Council approved 22 “First Exercise and First Try” policies in Qianhai district, covering numerous fields including finance, taxation, legislation, human resources, education, health care and telecommunications;
2.Enterprises which fulfill the requirements of the Catalogue of Enterprise for Income Tax Preferential Program in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone will be entitled to enjoy 15% reduction in the payment rate of corporate income tax;
3.Individuals who satisfy the requirements of the Interim Measures on Individual Income Tax Subsidies for Overseas High-end Talents in Short Supply in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone will be granted financial subsidies by the Shenzhen government on their paid individual income tax which exceed 15% of the their taxable income. Individual income tax on such subsidies for the successful applicants will be waived;
4.Manufacturing-related enterprises which fulfil the relevant conditions of the Notice of the Ministry of Finance and the Ministry of Commerce Concerning Issuing the Official Reply on Carrying out the Comprehensive Pilot Program on Modern Service Industries in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone are allowed to apply for financial support for the comprehensive pilot program;
5.Qianhai is granted the same authority as other cities under separate state planning in approving and recording foreign investment. As such, the establishment of and investment by the foreign-invested enterprises in Qianhai will enjoy the one-stop handling procedures;
6.Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is the only socialist demonstration zone in China governed by law;
7.Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is the cooperation platform and demonstration zone for excellent individuals of Guangdong Province, Hong Kong and Macao as well as a reform and pilot zone for management of national talents.
Contact Us
If you have further queries, you are welcome to contact Vera Zhang by calling 86-755-82213750, or email to fxy@citilinkia.com.
You can also visit Tannet’s website www.tannet-group.net or visit our Shenzhen office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China for more information.