Brief Introduction To Xiamen Export Processing Zone

Introduction
Xiamen Export Processing Zone, established at the approval of the State Council, is a special area under the supervision of the Customs. The Customs offers round-the-clock service with a new mode of "single declaration, single examination of documents and single inspection of cargoes". The enterprises in the Zone enjoy not only the convenience of customs declaration, but also the special preferential policies for export processing zones and special economic zones. Infrastructure facilities including roads, water supple, power supply, telecommunication, waste discharge, flood drainage and cable TV, and service organizations such as the customs, cargo inspection & quarantine, banks, transportation and warehousing are available in the Zone. Formalities for import and export can be completed within the Zone.

Xiamen Export Processing Zone is situated on the tip of the Xiamen-Zhongzhou-Quanzhou triangular area in the south of Fujian province where the economy is most flourishing, the industry and commerce are most development in the province. Facing Taiwan Island across the Taiwan Strait, it is just between Zhujiang Delta and Changjiang Delta, the two most economically developed areas on the Chinese coast.

Haicang port area is a component part of Xiamen port, which is serving as a pilot for the direct shipment between the mainland of China and Taiwan province. With its superior conditions, Haicang has a coast, good enough for building 36 berths of over 10,000 tonnage grade with an annual handling capacity of 70-90 million tons of cargoes, making Xiamen an important entrepot in southeast China.

The Processing Zone is integrated with the downtown on the Xiamen Island by the 6km long Haicang Bridge.
Base Preferential Policies
Exemption of Import Tax
Equipment such as machines, moulds and their spare parts needed for production and infrastructure construction, materials for project construction and office necessities for self use are exempted from import tax.

Tax Refunding
Foreign-funded enterprises in China outside the Zone selling their products to the Zone can have their VAT refunded. Sales of Chinese-made machines, parts, materials for production, elements, packing materials and a reasonable quantity of construction, materials are regarded as export and will have tax refunding treatment.

Import Bonding
Materials, parts, elements, packing materials and other consuming materials imported by the enterprises in the Zone for processing will all be bonded.

Tax Exemption for Export
Products for export are exempted from tax.
Goods such as products, raw and auxiliary materials and machines exchanged with other export-oriented processing zones are exempted from tax.

Foreign Exchange management
Enterprises in the Zone do not have to handle any cancel-after-verification procedure for export taking-in exchange or import paying exchange.

Quota permits
Import and export by the enterprises in the Zone need no quota permit unless otherwise regulated by the state.

Other Incentives
Preferential policies of Haicang Investment Zone are also applicable to the Processing Zone.

Investment Density: 4 million USD per hectare.

Investment Procedure
Documents to be submitted
Application Form Banking Credit Feasibility Study Report List of Board Directors & Appointments Company Constitution ID Copies of Foreign Managers Investor's Business License or Certificate List of Equipment to be imported

Applying Procedure For Setting Up A New Enterprise

contact

Add: General Building, Xiamen Export Processing Zone, Xinggang Road, Haicang, Xiamen, China
Tel: 86-0592-6892765,6892777
Fax.: 86-0592-6892778
Post Code: 361026
E-Mail: webmaster@xmckjgq.com
Website: http://www.amoyepz.com/