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Enquiry: What are the Preferential Measures Available to Investors in the Shanghai Free Trade Zone?

Photo: Enquiry: What are the Preferential Measures Available to Investors in the Shanghai Free Trade Zone?
Photo: Enquiry: What are the Preferential Measures Available to Investors in the Shanghai Free Trade Zone?
A comprehensive list of the preferential measures available to investors in the Shanghai Pilot Free Trade Zone (FTZ) can be found as part of the recently-circulated 20 Measures of the Shanghai Pudong New Area Market Supervision Administration for the Optimisation of the Business Environment.

Among the measures on offer are the following:

  • Top-tier foreign talents with permanent residence in China are entitled to the same privileges as Chinese ID card holders when launching technology-focused businesses
  • Inspection and testing institutions are exempt from on-site assessments by the China Metrology Accreditation (CMA) providing they have previously secured accreditation from the China National Accreditation Service for Conformity Assessment (CNAS)
  • Businesses may apply for a liquor retail licence and a food operation licence through a single application, with the two licences then issued jointly
  • Accountancy firms, auditing firms and other third-party professional institutions have been incentivised to provide enterprises with a one-stop service, including assistance with the opening of bank accounts, financial settlements and tax issues
  • Industry and commerce administrative departments will co-operate with certain specified banks in the provision of a number of business services, including securing prior approval of company names, incorporation and any required alteration of registration details
For further information regarding the 20 Measures, please see New Incentive Measures Proposed for Shanghai FTZ and Pudong New Area or contact the Shanghai Free Trade Zone Administration directly.
Content provided by Picture: HKTDC Research
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