The China (Shanghai) Pilot Free Trade Zone (SHFTZ), located in Pudong New Area, is a regional free trade zone founded on Sept 29, 2013 and originally consisted of Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone. The State Council decided on December 28, 2014 to expand SHFTZ by incorporating Lujiazui Financial Area, Jinqiao Development Subzone, and Zhangjiang High Tech Subzone, enlarging the SHFTZ from 28.78 square kilometers to 120.72 square kilometers.
China's domestically developed single-aisle passenger jet C919 netted 40 new orders from Tibet Airlines at the opening day of the Singapore Airshow on Feb 20, while its debut at an overseas air show signals the model's official entry into the global civil aircraft market, said an industry expert.
- Shanghai Haitong Terminal sees new record in vehicle imports and exports during holiday
- Shanghai eastern hub international business cooperation zone plans approved
- New international shipping financial institution established in Pudong
Shanghai Port reached another milestone in 2023 when its container throughput surpassed the 49 million TEU (20-foot equivalent unit) mark.
The contract note of offshore resale business carried out by the enterprises registered in China (Shanghai) Pilot Free Trade Zone will be exempted from stamp duties.
Service Centers for offering consulting services and handling affairs of businesses registered in China (Shanghai) Pilot Free Trade Zone.
What does offshore business in the FTZ mean?
A: Offshore business means that enterprises use overseas resources to manufacture products or provide services for overseas customers. It gives the enterprises four distinct advantages, namely tax reduction, good trade connections with other countries, freedom from foreign exchange control, and a high level of business privacy...