The investing advantages for Tianjin FTZ
- November 23, 2017
- Posted by: Yolandy
- Category: Business
Efficient and Convenient Investment Service System
TJFTZ implements the system of pre-establishment national treatment plus a negative list for foreign investment management whereby foreign investment gains free access to market in all sectors other than those specified as prohibited or restricted in the negative list. In fields other than those specified in the negative list for foreign investment access to pilot free trade zones, simple reporting system is adopted and no approval procedure is required.
In TJFTZ, service staff offer free counseling and help to applicants in documentation preparation as required for enterprise registration. The “Integrated Multifunction Service Counter” has been established to provide applicants with one-stop convenient services including documentation completeness check, data collection and license issuance. All procedures are completed within one day for “corporate business license with a unified social credit code, rubber stamp, value-added tax invoice and simple reporting. Among all pilot free trade zones in China, TJFTZ takes the lead in synchronizing tax registration with enterprise establishment registration, making it possible for enterprise to start business operation and issue VAT invoice immediately after the completion of enterprise registration.
A Rule of Law Environment Built on Fairness and Justice
The Regulations of China (Tianjin) Pilot Free Trade Zone implemented on December 24, 2015 provides legal protection to the legitimate rights and interests of investors. Central government ministries and commissions and relevant authorities of Tianjin Municipality have promulgated over 150 policy documents in support of the overall development of TJFTZ, thus effectively sustaining various business operations in the zone. The Binhai New Area authorities have set up TJFTZ Court and built the litigation-ADR (alternative dispute resolution) mechanism for commercial dispute resolution in TJTFZ. In addition, Tianjin Arbitration Commission has set up TJFTZ International Arbitration Centre. China International Economic and Trade Arbitration Commission and China Maritime Arbitration Commission have set up TJFTZ Arbitration Centre.
The Intellectual Property Rights (IPR) Service and Protection System Adopted in Line with International Standard
On November 20, 2015, North China Intellectual Property Rights Operation Centre, Tianjin Binhai New Area Intellectual Property Rights Protection Service Centre and Intellectual Property Rights Arbitration Centre of Tianjin Arbitration Commission were established and put into operation at the same time.
In line with international prevailing rules, these institutions will further expand the range of TJFTZ IPR protection methods, provide enterprises with convenient and efficient IPR protection service, improve the IPR protection efficacy and create a better IPR protection environment.
Fair and Orderly Market Environment
TJFTZ has established a credit reference system for the general public to query conveniently enterprise credit information including track record, thus strengthening the confirmation of enterprise credit related information and ensuring the sound business transaction free of fraudulence. Category-specific system for enterprise credit risk management has been established, and a joint market supervision and inspection system based on random enterprise and inspector name generation has been established to ensure open and transparent market supervision and law enforcement. Interdepartmental joint-action mechanism of reward and punishment has been established to “give the green light to law-abiding enterprises and curb law-breaking enterprises thoroughly”, thus safeguarding the fair and competitive mark.