Except enjoying a series of special policies authorized by the State, Shantou FTZ also enjoys the preferential policies of Shantou Special Economic Zone.

    1. Investors both from home and abroad can set up trade, warehousing, processing, transport and commodity exhibition enterprises in Shantou FTZ. Except those which produce the sensitive goods or those which should apply for the approval of the State responsible authorities according to the professional management of the regulations of the General Customs, the other productive projects set up in FTZ can be examined and approved by the Administrative Committee of FTZ.

    2. For the goods pass in and out between FTZ and abroad, the consignee, consigner or the agent of the goods should register and record the goods at the customs. Except those managed by passive export quotas, the goods are handled without the requirement of the import & export quotas or licenses.

    3. Being transported into the zone from abroad, the machineries, appliances and other basic construction materials needed by the basic installations construction projects are exempted from import custom duty and tax. The productive and management equipments, reasonable amount of office appliances and their accessories, productive fuels, construction materials and appliances for factory buildings and warehouses imported by enterprises in the zone for their own use are exempted from custom duty and tax. The raw materials, parts, components and packing materials imported by the enterprises for producing export products can be kept as bonded goods.

    4. When the in-zone enterprise purchases raw materials from the trade company outside of the zone, the management pattern is tried out which means the enterprise should apply to customs when the goods are transported into the zone and will be given the export drawback draft and registration & record list of goods transporting abroad when the goods actually leave the border. The trade company can apply for the tax drawback from the state tax branch.

    5. When exported to the abroad, the finished processing export products in the zone are exempted from the export custom duty. After finishing the export custom clearance procedure, the enterprise will get the tax drawback draft and registration & record list of goods transporting abroad from the customs and apply for the “tax exemption, tax commuting & tax drawback” procedure for the domestic raw materials and parts to the tax branches. Being sold to the domestic markets, the products are to be imposed on the import duty according to the imported raw materials and parts.

    6. FTZ enterprise should pay the income tax at the rate of 15%. The enterprise is exempted from income tax for one year since the day of its establishment. Domestic enterprise, transportation, post and telecommunication enterprises are half exempted from income tax for the second year. Since their first profit making year, the foreign funded productive enterprises operating for 10 years or more or the newly operated software producing enterprises are exempted from income tax for the first and second year and half exempted from income tax for the third, fourth and fifth year.

    7. No margin account schemes are required for the processing trade and the processing enterprises are not administrated in category of A, B, C and D.

    8. The processing enterprise with suitable conditions can entrust the enterprise outside of the zone to process the products or be entrusted by the enterprise outside of the zone to process the products. If the enterprise has good credit standing and the carried goods are not sensitive important goods, the goods can be registered and recorded at the customs in advance, be booked in when passing in and out of the zone and be concentrated for the time customs clearance each month.

    9. Except the import goods prohibited by the state, storage enterprises in FTZ are permitted to store goods with no time limit according to the changes of the international and domestic market. When the storage enterprises do the logistic and goods distribution business, the goods transported from the outside of the zone can be applied to the customs by each note and the goods transported back to the outside of the zone can do the one-off entry, be delivered in batches, be registered, checked and deducted at the customs group by group on the conditions that the business is carried out by computers and the enterprise has canonical management and good credit standing.

    10. The enterprises can open foreign exchange accounts and RMB accounts according to the regulations. The foreign exchange earning of the enterprise is settled according to the enterprise’s own will which means the earning in foreign exchange can be maintained at its own account for turnover or can be sold to the appointed bank. When transporting the goods in and out of the zone from abroad, the enterprises are not practiced by the foreign exchange verification and cancellation system for each export and import payment.