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Shanghai Free Trade Zone

Updated on Tuesday 12th March 2019

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Shanghai Free Trade Zone.jpgSFTZ or Shanghai Free Trade Zone is the first special economic zone established in mainland China in 2013, and one of the most significant. With approximately 121 square kilometers, Shanghai FTZ provides a series of business opportunities and also advantages for foreign investors wanting to develop their operations in this special and highly-developed zone in China. A WFOE in China is the proper business structure for international players in China, but for more information about the company registration in China, we kindly invite you to talk to our specialists in company formation in China.
 

Short facts about Shanghai FTZ

 
Waigaoqiao Free Trade Logistic Park, Yangshan Free Trade Port Area, Waigaoqiao FTZ and Pudong airport Comprehensive FTZ are the four bonded zones in Shanghai FTZ, completed by newly added areas like Zhangjiang Hi-Tech Park, Shanghai Jinqiao Economic and Technological Development zone and Lujiazui Financial and Trade Zone. Foreign investors looking for business in Shanghai FTZ can benefit from varied advantages like no minimum share capital for opening a limited liability company in China or for establishing joint-stock companies. Moreover, the shareholders of a company in Shanghai FTZ can establish at their own discretion the financial contribution in the firm.
 

Advantages of Shanghai Free Trade Zone

 
Being the first special economic zone in China, the authorities took the privilege of establishing a wide range of excellent business policies and measures. Foreign investors can benefit from numerous advantages, like:
 
1. Shanghai has a one-stop application processing platform for those wanting to open a business here.
2. The Industry and Commerce Authority in China issues the relevant approvals for businesses in Shanghai.
3. The same authorities simplified the procedure for acquiring the needed licenses and permits in Shanghai.
4. The foreign exchange is permitted in Shanghai and it is supervised by the State Administration of Foreign Exchange.
 
Companies established in Shanghai FTZ can operate under the local currency or can exchange into foreign currencies without any restrictions in this matter and with tax-free benefits for at least 10 years. If you would like to start a business in China and especially in Shanghai FTZ, we kindly invite you to address your inquiries to our company formation agents in China.
 

Preferential business climate for investors from abroad

 
Shanghai FTZ is the first special economic zone in China and the one that provides a series of benefits for international investors. For instance, foreigners can establish any kind of activities without any restrictions. Medical services, international shipment & ocean freight, banking, telecommunications, e-commerce, trading and many more. However, it is good to know that sectors like education, social industries, health, public facilities management, sports and entertainment, real estate and finance might be subject to specific regulations. Let our team of experts in China help you in company registration in China and provide the needed assistance with the entitled authorities. 
 

Special business sectors in Shanghai FTZ

 
Transportation, warehousing, and logistics are well-developed sectors that host a multitude of international companies. The import and export sector is controlled by the authorities in Waigaoqiao Port, Pudong International Airport and Yangshan Deepwater Port. Companies wanting to activate in the insurance field are welcomed in Shanghai FTZ. It is good to know that Shanghai Institute of Marine Insurance is the authority that approves such companies in this important free trade zone. Foreign entrepreneurs might be interested in the healthcare sector where they are allowed to open WFOEs or cooperative joint ventures. Among the conditions imposed, we mention that a total investment of at least CNY 20 million is needed. In matters of telecommunication, the restrictions are well-known in China, and are also applicable to special economic zones, considering the state-owned companies activating in this sector. However, foreign investors can develop non-core telecom services which are different from basic messaging and voice calls. It is extremely important to know from the beginning what the business restrictions are in the country you wish to activate, in this case, China.do not hesitate to solicit complete information about Shanghai FTZ and the sectors in which you can develop your business.
 
Please feel free to contact our team of company formation representatives in China at any time and ask for comprehensive support and information.
 
 

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Call us now at +86-755-82148419 to set up an appointment with our company formation specialists in China. Alternatively you can incorporate your company without traveling to China.

As a BridgeWest client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in China. 

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