Q and A

What are the requirements and procedures for an accounting firm to set up a branch in the FTZ?

2021-04-16

A: The accounting firm should be a partnership or a limited liability partnership for at least one year. It has completed internal restructuring and is operating smoothly...
What policies has the Shanghai FTZ adopted to open the shipping industry to foreign companies?

2021-01-18

A: The FTZ has relaxed the restriction on the percentage of foreign capital in a joint venture shipping company. Relevant regulations will be made by transport authorities with the State Council...
What measures has the Shanghai FTZ adopted to open the performance market to foreign agencies?

2020-12-11

A: Foreign investors are allowed to set up wholly-owned performance agencies in the FTZ.
What did the Shanghai FTZ do to open value-added telecom services to foreign investors?

2020-09-21

A: The FTZ allows foreign companies to provide value-added telecom services (those not governed by existing laws or regulations must be approved by the State Council)...
What is definition of shipping finance as promoted in the FTZ?

2020-04-10

A: Shipping finance covers all financial activities that occur in the operation of a shipping company, such as loans, insurances, currency custody, currency exchanges, and account settlement...
What is the definition of financial lease as promoted in the FTZ?

2020-02-04

A: All types of financial lease companies are welcome to open branches in the FTZ and offer their services to customers in China and abroad.
How did the Shanghai FTZ reduce the threshold for foreign engineering companies?

2019-11-11

A: Foreign engineering companies (excluding prospecting companies) are not required to present professional qualification and business record when setting up an operation in the FTZ...
What has the Shanghai FTZ done to open the employment service sector to foreign investment?

2019-07-12

A: Overseas companies (excluding those in Hong Kong, Macau and Taiwan) can set up recruitment joint ventures with a holding of less than 70 percent...

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