Fujian’s FTZ Xiamen section attracts global investments
The investment boom in the Fujian’s Pilot Free Trade Zone (FTZ) is going from strength to strength, as 194 new enterprises have been given the green light to enter its Xiamen section. The enterprises comprise of a total registered capital of 3.77 billion yuan ($610 million).
An additional 66 key projects, including 25 foreign-funded projects, are under discussion and expected to be launched in the FTZ in the near future.
The FTZ has also set out to further promote its favorable policies and investment environments for both local and overseas enterprises, emphasizing new industries and modern service sector industries.
All applications for the Xiamen section concerning industrial and commercial registration, tax registration and Organization Code Certificates can be completed through its online examining and approval system within 3 working days. Customs and Inspection and Quarantine check procedures for import and export trades have been simplified to facilitate time saving and a reduction in costs for authorities and investors from all over the world.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.