|
1. The Free Teade Zone allows companies, enterprises and other economic organizations, as well as individuals both in and out of China to establish foreign enterprises, sino-foreign joint ventures, cooperative enterprises and Chinese-funded enterprises approved to handle international trade, export processing, bonded warehousing and other businesses related to Free Trade Zone development.
2.TO encourage lardge and middle-scaled enterprises to engage in diversification, render it into the comprehensive enterprises which combining processing, and trade and commercial services into one.
3.The projects with total amount of investment is below 30 millions is examined and approved by the Administrative Committee of Tianjin Port Free Trade Zone. The time limit for examining and approving, as well as the industrial and commercial registration should be completed within certain worddays from the date of receipt all qualified documents of the enterprises.
4. The enterprises of the Free Trade Zone shall be exempt from customs duties, import value added taxed and consumption faxes when purchasing construction materials, mechanical facilities and office supplies etc, for private use with rational quantities from overseas. All the goods coming into and going out out of the Free Trade Zone shall be exempt from custons duties, import value added taxes and consumption taxex, no need to obtain authorized certificate with concerning import and export license management.
5. Foreign-invested enterprises shall be temporaril exempt from local income taxes.
6. The enterprises engaging in export business in the Free Trade Zone may go through export taxation drawback according to regulations.
7. The newly built and purchased houses and building by foreign invested enterprises for their own use in the Free Trade Zone shall be exempted from housing taxes for 5 years starting from the month when the houses are completed or purchased.
8. If special need arises, the depreciation of the fixed assets of the invested enterprises in the Free Trade Zone, upon the approval by tax authorities will be accelerated in accordance with the tax laws.
9. The interests obtained by foreign-funded enterprises and the wages, bonus and other legal incomes may be remitted overseas after the taxes were paid.
10. Tianjin Port Free Zone, enterprise may transfer, lease, mortgage the right for land usage it has obtained. the owners'''' legal inverests and reights shall be protected by laws.
11. The business affairs concerning Chinese personnel going abroad on business and inviting foreign businessmen coming into China may be examined and approved by the Administravtive Committee.
12. Chinese or foreign funded enterprises may open foreign currency account in the banks with in Free Trade Zone. After approval, they may open accounts overseas. The foreign currency obtained from business will be settled at will, the enterprises within the zone are no need to handle verify and writing off the formalities of export call in and import pay off exchange.
|
