Page 38 - SCBJ-201512
P. 38
(from page 29) South China Business Journal
System Innovation & Policies
MEMBER FOCUS Pre-establishment national treatment and negative list of establishment of commercial entities, organization code InFveascitlimteatnitng
management mode will be implemented for overseas investment. certificate, tax registration certificate (national tax, local tax),
For fields that fall outside of negative lists, investment projects social security registration number, seal for the record
will be filed. and other matters can be handled by an “integrated
Enterprises’ normal overseas investment projects in the Pilot service” mechanism. Gradually business license,
Free Trade Zone will go through record management, excluding organization code certificate, tax registration
those must be authorized by the State Council. certificate, and so on, will be brought
Overseas investment projects authorization (put on record), the together into one single certificate using
examination and approval of establishment of foreign-invested one single number.
enterprises and modification (put on record), the registration
At Guangzhou’s Nansha Bonded Port Area, Shenzhen’s Qianhai Area (short as “the pilot zone”) can be first brought in on the backInFveascitlimteatnitng
Bay Bonded Port Area and other areas with special customs of import manifests with the customs declaration formalities
supervision inside of the Pilot Free Trade Zone, entry and exit being dealt with in steps. Exported goods can first be declared
supervisory services will be carried out in line with “first line at customs and then cleared at the port by customs. The
opening”, “highly efficient control in the second line”. In Zhuhai’s storage and logistics of enterprises within the pilot
Hengqin Area, hierarchical management operates according zone are exempt from inspection and quarantine.
to the principles “relaxed restriction in the first line, effective A comprehensive management service platform
control in the second line, people and goods separated and for trans-departmental trade, transportation,
systematic management” stipulated by the State Council. processing, storage, and other operations
Goods coming into Guangzhou’s Nansha Bonded Port Area, will be established by creating a
Shenzhen’s Qianhai Bay Bonded Port Area or Zhuhai’s Hengqin singular window for international trade.
OFupupMeretniahsneugrirensgfor
The Pilot Free Trade Zone further looses and cancels access service, professional service and technology
restrictions for overseas investors, such as qualification requirements, service; nevertheless, for further opening up to
equity ratio limit and business scope. Measures are taken for wider Hong Kong and Macao on liberalization of
open under global scare in several fields, for instance, manufacturing, trade in services under CEPA.
financial service, maritime transport service, commercial trade
Promote the cooperation and innovative development of cross-border Explore to carry out cross-border investment and finance InnFoivnaatincoinal
renminbi business, and drive renminbi as the major currency for the innovation business through free trade accounts and
Pilot Free Trade Zone and overseas cross-border large-amount trade, other risk controlled manners. Carry out pilot
as well as investment valuation and transaction settlement. foreign exchange management reform with
Establish financial service system catering to service and trade capital account convertibility, to promote
liberalization of commercial trade, science and technology, tourism, the investment and finance exchange
logistics and information between Guangdong, Hong Kong and facilitation in the Pilot Free Trade Zone.
Macao.
InMnaonvPaeatrgiseoomnnennetl
The Pilot Free Trade Zone gives special policies to elites from qualifications in service industry between
Hong Kong, Macao and foreign countries, in departure and Guangdong, Hong Kong and Macao will
entry, stay and residence in China Mainland, project application, be promoted by special institutional
innovation and entrepreneurship, evaluation and incentive, arrangements.
service protection and so on. Mutual recognition of personnel
Tax policies which have been piloted in China (Shanghai) Pilot tourists shopping and tax refound policy.. InMnaonvPaeatrgiseoomnnennetl
Free Trade Zone apply in China (Guangdong) Pilot Free Trade Qianhai Shenzhen-Hong Kong Modern Service
Zone in principle. Industry Cooperation Zone of Shenzhen,
Consummate tax policies impose to overseas equity investment Hengqin Area of Zhuhai levy 15%
and offshore business development; consummate pilot tax corporate income tax on eligible
refound policies impose to the port of departure; apply foreign enterprises.
36
System Innovation & Policies
MEMBER FOCUS Pre-establishment national treatment and negative list of establishment of commercial entities, organization code InFveascitlimteatnitng
management mode will be implemented for overseas investment. certificate, tax registration certificate (national tax, local tax),
For fields that fall outside of negative lists, investment projects social security registration number, seal for the record
will be filed. and other matters can be handled by an “integrated
Enterprises’ normal overseas investment projects in the Pilot service” mechanism. Gradually business license,
Free Trade Zone will go through record management, excluding organization code certificate, tax registration
those must be authorized by the State Council. certificate, and so on, will be brought
Overseas investment projects authorization (put on record), the together into one single certificate using
examination and approval of establishment of foreign-invested one single number.
enterprises and modification (put on record), the registration
At Guangzhou’s Nansha Bonded Port Area, Shenzhen’s Qianhai Area (short as “the pilot zone”) can be first brought in on the backInFveascitlimteatnitng
Bay Bonded Port Area and other areas with special customs of import manifests with the customs declaration formalities
supervision inside of the Pilot Free Trade Zone, entry and exit being dealt with in steps. Exported goods can first be declared
supervisory services will be carried out in line with “first line at customs and then cleared at the port by customs. The
opening”, “highly efficient control in the second line”. In Zhuhai’s storage and logistics of enterprises within the pilot
Hengqin Area, hierarchical management operates according zone are exempt from inspection and quarantine.
to the principles “relaxed restriction in the first line, effective A comprehensive management service platform
control in the second line, people and goods separated and for trans-departmental trade, transportation,
systematic management” stipulated by the State Council. processing, storage, and other operations
Goods coming into Guangzhou’s Nansha Bonded Port Area, will be established by creating a
Shenzhen’s Qianhai Bay Bonded Port Area or Zhuhai’s Hengqin singular window for international trade.
OFupupMeretniahsneugrirensgfor
The Pilot Free Trade Zone further looses and cancels access service, professional service and technology
restrictions for overseas investors, such as qualification requirements, service; nevertheless, for further opening up to
equity ratio limit and business scope. Measures are taken for wider Hong Kong and Macao on liberalization of
open under global scare in several fields, for instance, manufacturing, trade in services under CEPA.
financial service, maritime transport service, commercial trade
Promote the cooperation and innovative development of cross-border Explore to carry out cross-border investment and finance InnFoivnaatincoinal
renminbi business, and drive renminbi as the major currency for the innovation business through free trade accounts and
Pilot Free Trade Zone and overseas cross-border large-amount trade, other risk controlled manners. Carry out pilot
as well as investment valuation and transaction settlement. foreign exchange management reform with
Establish financial service system catering to service and trade capital account convertibility, to promote
liberalization of commercial trade, science and technology, tourism, the investment and finance exchange
logistics and information between Guangdong, Hong Kong and facilitation in the Pilot Free Trade Zone.
Macao.
InMnaonvPaeatrgiseoomnnennetl
The Pilot Free Trade Zone gives special policies to elites from qualifications in service industry between
Hong Kong, Macao and foreign countries, in departure and Guangdong, Hong Kong and Macao will
entry, stay and residence in China Mainland, project application, be promoted by special institutional
innovation and entrepreneurship, evaluation and incentive, arrangements.
service protection and so on. Mutual recognition of personnel
Tax policies which have been piloted in China (Shanghai) Pilot tourists shopping and tax refound policy.. InMnaonvPaeatrgiseoomnnennetl
Free Trade Zone apply in China (Guangdong) Pilot Free Trade Qianhai Shenzhen-Hong Kong Modern Service
Zone in principle. Industry Cooperation Zone of Shenzhen,
Consummate tax policies impose to overseas equity investment Hengqin Area of Zhuhai levy 15%
and offshore business development; consummate pilot tax corporate income tax on eligible
refound policies impose to the port of departure; apply foreign enterprises.
36
