Policy on Investment

The market admission policy of Waigaoqiao Free Trade Zone is quite easy and relaxed that the enterprises in FTZ could be engaged in domestic trade,international trade,storage and logistics,entrepot trade and manufacturing and processing.

Waigaoqiao Free Trade Zone is open to all types of foreign-invested enterprises such as foreign capital enterprises,joint venture,sino-foreign contractual enterprises and they are allowed to be engaged in trade,storage and distribution,manufacturing and other service businesses.Additionally,comprehensive enterprises related to all above fields can also be set up.

Policy on Taxation
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All enterprises invested in Waigaoqiao Free Trade Zone will enjoy the 100% tax-free policy on self-use articles in moderate quantity such as manufacturing equipments and office supplies(except vehicles).

Goods to be transited and goods stored in the Bonded zone will be managed as the bonded goods.

To integrate the Port and the zone,modern logistics park with functions such as international transfer,international distribution,international procurement and international entrepot trade was established in Waigaoqiao Free Trade Zone.

Policy on Fiscal Subsidies
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The part of the added value and total profits of new trade enterprises in Waigaoqiao Free Trade Zone,which accounts for Pudong New Area's local financial capability,will be entitled to 100% fiscal subsidy in the first 2 years,and 50% thereafter.

The part of the added value and total profits of new operation centers in Waigaoqiao Free Trade Zone,which account for Pudong New Area's local financial capability,will be entitled to 100% subsidy in the first 3 years,and 50% thereafter.And their operating revenues,which account for Pudong New Area's local financial capability,will be entitled to 50% subsidy.The part of personal incomes of senior managing officers,which account for Pudong New Area's local financial capability,will be entitled to 100% subsidy in the first 3 years,and 50% thereafter.

Exchange Management

The enterprises in Waigaoqiao Free Trade Zone can set up both RMB account and foreign currency account.

The enterprises in Waigaoqiao Free Trade Zone can settle their business with the enterprises outside FTZ in foreign currency or RMB.

Profits after tax can be exchanged to foreign currency and transferred to foreign investor overseas.

Shanghai Waigaoqiao FTZ website