The China (Shanghai) Pilot Free Trade Zone (SHFTZ) launched a "model company" selection campaign in March 2017, aiming to highlight its innovation and reform achievements over the past years. The six-month long event invited more than 80,000 SHFTZ-registered companies to sign up via self-recommendation or via recommendation from others.

After publication, application, on-site inspection, experts' voting and online voting, the campaign selected the top 10 model companies and six sample enterprises, covering foreign-funded, State-owned and private companies, which served as examples of successfully utilizing SHFTZ's innovative measures to enhance growth and development.

In addition, the SHFTZ has compiled a case book of first model companies for its policy innovation, with the hope of encouraging more companies to turn the Zone's innovative measures and preferential policies into their own advantages and growth points.

About Amkor Assembly & Test (Shanghai) Co

Amkor Assembly & Test (Shanghai) Co is a business to business enterprise independently invested by the US-based microchip packager Amkor Technology.

Located in Shanghai Waigaoqiao Free Trade Zone, the company specializes in the outsourcing of integrated circuit assembly and test services and has been identified as a pioneer and leader in its field by Chinese authorities. With an investment of $645 million, it has a 170,000-sq-m factory in Waigaoqiao Free Trade Zone.

It is generally known that the significance of efficiency to players in the IC industry. "Every second counts" is not an exaggeration.

Thanks to the innovative measures for trade facilitation, such as simplified customs procedures, intelligent management of inspection and mutual recognition on the AEO certificates, the days taken for its imports and exports can be shortened, which improves the efficiency and reduces costs.

In addition, foreign employees of the company can get their work permit and residence permit at once at a service window, with the help of a comprehensive service window handling foreigners' applications launched by the human resources and social security organ, foreign expert affairs administration and public security bureau.

It usually takes no more than a week to get the two permits once and for all after submitting the required materials.

The policy on streamlined application for work and residence permits was issued in Shanghai Pilot Free Trade Zone in February 2016.

Amkor Assembly & Test (Shanghai) Co is one of beneficiaries of the reformative policies on trade facilitation and talent recruitment of the free trade zone.