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| Changshu EPZ Brief |
Changshu Export Processing Zone was approved by the State Council on June 3, 2005. It covers a total area of 0.94 km 2 .
Changshu EPZ is located in Changshu Economic Development. With proximity to Changshu Port , Changshu EPZ boasts convenient logistics support and strong industrial foundation.
Companies within Changshu EPZ enjoy convenient customs clearance services and tax incentives. Industrial utilities with “seven connections and one leveling” are well facilitated. Agencies like customs, commodity inspection, bank, transportation and warehousing are available with CEDZ. All export formalities can be handled within Changshu EPZ. |
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| Focused Industry |
| Electronics, optical mechanics. precision machinery, fine chemical, new material and other export-oriented industries. |
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| Qualification of EPZ companies |
| ·Exported-oriented processing enterprises with export ratio exceeding 70% of the total finished products. Warehouse and transportation companies serving industries inside Changshu EPZ. |
| Tax Incentives |
Goods which are processed and manufactured within EPZ and taxable labor services are exempted from VAT and consumption tax.
Machine, equipment, module and maintenance spare part for self-production use are exempt from duty and import VAT.
Machine, building material, office equipment for self-use and equipment for infrastructure construction are exempt from duty and import VAT.
Transfer of raw and auxiliary material, product, machine and equipment between EPZs is exempt from tax.
Goods transferred into EPZ are deemed as export enjoying VAT rebate.
Domestically-made machine, equipment, raw material, spare part., component, packing material, and a reasonable amount of building material transferred into EPZ enjoy tax rebate.
Import raw material, spare part, component, packing material and other consumable materials for in-zone production use are fully bonded.
The corporate income tax rate is 15%. In-zone foreign invested enterprises obtain preferential taxation policies enjoyed by state-level economic development zone. |
| Customs Clearance |
· One-time declaration, one-time review of documents and one-time inspection by customs
· Fully enclosed management with round-the-clock customs clearance services
· EDI system adopted for customs declaration
· No customs clearance manual or margin accounts needed
· Write-off every 6 months
· Customs recording system applied for import from & export to other countries; customs declaration system applied for goods transferred between EPZ and outside EPZ in China
• After declaration, goods will be cleared by the EPZ customs and shipped under customs supervision |
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| Utilities and services |
· Integrated clearance and quarantine services
The inspection center in CEDZ provides highly efficient services for good import and export, including commodity inspection and quarantine, customs clearance and customs transfer.
· Customs declaration and logistic services
A number of customs declaration agents and cargo agents have set up operations in and around the port area.
· Industry clusters
A few industrial clusters have taken shape in CEDZ, such as that of fine chemicals steel processing, paper making, machinery, auto parts and power generation, which can fully support the development of the relevant industries in EPZ.
· Accommodation and catering
The Community Center near EPZ provides accommodation, catering and commercial services for laborers. Meanwhile, the Riverside New City is also adjacent to the EPZ, where the cultural, shipping, hospital and kinds of recreational facilities are facilitated.
· Financial services
Several banks have ser up branches in the Riverside New City, providing a full-range of financial services. |
| Management Department |
Changshu EPZ administrative bureau
Changshu EPZ administrative bureau is responsible for the EPZ daily management. |
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| Policy Comparison → |
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