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Yangshan Free Trade Port Area
 
Yangshan Free Trade Port Area is the first bonded port area established under the approval of the State Council in China. It was officially unveiled on December 10, 2005 with a planned area of 8.14 square kilometers. The bonded port area is composed of the Yangshan Harbor, Luchaogang Auxiliary Zone, and the East Sea Bridge. It is being positioned as a comprehensive zone for various businesses such as international transit, distribution, purchasing, entrepot trade, and export-oriented processing.
Preferential Policies

Yangshan Free Trade Port Area implements more convenient measures for customs declaration by integrating the existing policies of the bonded zone, export processing zone, and the bonded logistics zone in one unified area.
Custom Policies

 Companies in the Yangshan Free Trade Port Area are exempted from duty and import VAT for self-use machines, equipment, infrastructure materials, facilities for manufacturing, spare parts for maintenance, and office facilities in the port zone.

 Merchandise (raw material, spare parts, and packing materials) from overseas origin for manufacturing purpose and transit goods are duty-free.

 Merchandise of overseas origin (except those in the range of the management of export passive quota) is free of exit-entrance license and exempted from export quota management.

 Merchandise is allowed for stocking in the Yangshan Free Trade Port Area without time limit.

 Companies located in the area do not require bank margin accounts for processing trade and write-off system for the companies in the bonded zone.

 Companies located in the area can make consolidated Customs declaration for the merchandise that will enter the domestic market.

 Maintenance service of machines for export is allowed in Yangshan Free Trade Port Area

Taxation Policies

 Merchandise from domestic origin is treated as export and refunded upon the entry of the Yangshan Free Trade Port Area.

 Merchandise for sale in the Yangshan Free Trade Port Area or for export is exempted from VAT and consumption tax.

  Merchandise for sale in the domestic markets will be taxed according to its actual state.

 Merchandise in the Yangshan Free Trade Port Area can move freely, and transactions among companies in the area are exempted from VAT and consumption tax

Above policies are subject to relevant regulations published by China government.

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