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Shanghai Pilot Free Trade Zone

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  China's State Council has approved the establishment of a pilot free trade zone in Shanghai, according to a Ministry of Commerce statement on August 22nd 2013.

  Covering 28.78 square kilometers, the new zone will be built on the basis of existing bonded zones -- Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone.

  The FTZ policies published on Sept 27th 2013 stipulate that companies registered in the zone can opt to pay income tax in installments over five years. What’s more, professionals working for companies in the zone can also pay tax on their stock options in installments.

  The first foreign-funded company registered within the China (Shanghai) Free Trade Zone won official approval on Oct 14th 2013.

  What is Free Trade Zone?

  1. The first chart shows the goods from offshore to China mainland shall pay Tariff.

 

  2. Free Trade Zone grew out of Free Tax Zone.

 

  3. What can we do in Free Tax Zone?

 

  4. What can we do in Free Trade Zone?

  On the basis of Free Tax Zone, we could have more freedom in other areas.