First of all, in terms of business process, FTZ has preferential measures to simplify the process and shorten the processing cycle, such as one-stop acceptance of industrial and commercial three certificates, registered capital subscription system and so on. This saves a lot of time for entrepreneurs to register companies and further lowers the threshold for registering companies.
Secondly, the free trade zone has inherited the foreign trade tariff policy originally implemented by Waigaoqiao Free Trade Zone. For companies registered in Shanghai FTZ, all imported goods can be exempted from customs duties (only after the goods leave the FTZ), while the tariffs for re-export trade are completely free. For companies registered in the Shanghai Free Trade Zone, any goods (except weapons, drugs and contaminated articles) can be stored or displayed in bonded mode indefinitely, and the customs does not charge any supervision fees. All currencies of FTZ Company are freely convertible, and there is no need to settle foreign exchange, thus reducing the exchange rate difference. And money can be transferred freely. These are "bright spots" that import and export and foreign-funded enterprises are optimistic about.
In addition, the free trade zone implements the policy of "two exemptions and three reductions", that is, foreign-invested enterprises can enjoy the treatment of exemption from enterprise income tax for two years and reduction of enterprise income tax for three years from the profit-making year. In the first and second years of company registration, the VAT refund rate is as high as16.25%; The enterprise income tax rebate rate is 20%; These high tax refund policies are undoubtedly incomparable in other places.
In fact, the advantages of registering a company in FTZ are far more than these, such as capital loans, foreign exchange entry and exit approval, industry restrictions, cooperation advantages of neighboring enterprises, advanced business ideas and so on. These are the advantages of registering a company in FTZ.
Free Trade Zone Company Registration: /zmqzc/