Nansha Free Trade Zone, situated at the heart of the Pearl River Delta, is a crucial player within the Guangdong Free Trade Zone, offering a strategic location for businesses looking to set up shop in China. This article delves into the various facets of the Nansha Free Trade Zone, focusing on its role as a hub for international shipping, freight forwarding, warehousing, customs clearance, and consulting services for foreign enterprises. Explore the Nansha Free Trade Zone’s potential for your business and how it can become a pivotal point on the 21st Century Maritime Silk Road.

1. Nansha Free Trade Zone: Your Gateway to Sea-Based Trade Located just 38 nautical miles from Hong Kong and 41 nautical miles from Macau, Nansha Free Trade Zone is Guangzhou and Guangdong’s main sea-based trade gateway. With a sprawling area of 803 square kilometers, including 60 square kilometers designated for the Guangdong Free Trade Zone, Nansha is a thriving economic hub. In 2014, it boasted an area-wide GDP exceeding RMB 100 billion, an industrial output value of over RMB 270.6 billion, and impressive growth in the industrial output value of critical enterprises.

2. Seven Key Clusters: Driving Nansha’s Development Nansha Free Trade Zone is divided into seven major clusters, each geared towards specific objectives:

– International Shipping Development and Cooperation Cluster: A test bed for international shipping service reforms and customs clearance.

– Financial and Commercial Development Experiment Cluster: Promoting financial cooperation with Guangdong-Hong Kong-Macau and experimenting with Renminbi convertibility.

– Guangdong-Hong Kong-Macau Integrated Development Experiment Cluster: Focusing on economic integration and producer services development.

– International Education and Health Care Cooperation Experiment Cluster: Pioneering the opening up of education and medical sectors.

– Guangdong-Hong Kong-Macau Scientific and Technological Innovation and Cooperation Cluster: Creating new modes of cooperation in scientific and technological R&D.

– Overseas Investment Service Cluster: Assisting SMEs from Hong Kong and Macau to tap into the mainland market and vice versa.

– Processing Trade Transformation and Upgrading Service Cluster: Building public service platforms to facilitate the transformation and upgrade of processing trade enterprises.

3. Robust Infrastructure and Transport Network Nansha Free Trade Zone boasts an extensive transport network that includes highways and rail. With planned rail transit lines covering 200 kilometers and 12 passenger lines currently operational, it offers swift connectivity with Hong Kong. The Guangzhou-Shenzhen-Hong Kong high-speed railway, set to be operational soon, will further reduce travel time.

4. Business-Friendly Environment Nansha Free Trade Zone offers a business-friendly environment with no minimum registered capital requirement, ensuring ease of market entry. Disputes are resolved through an FTZ-based arbitration and resolution center. Affordable land prices, around RMB 1,800 per square meter, make it an attractive choice for businesses. Corporate income tax is set at 15 percent, and E-taxation services streamline tax procedures.

5. Objectives: Strengthening Regional Cooperation The Nansha Free Trade Zone aims to deepen cooperation within the Guangdong-Hong Kong-Macau region, leveraging the Mainland and Hong Kong Closer Economic Partnership Agreement (CEPA). It seeks to attract Hong Kong and Macau firms with preferential incentives, driving mutual benefits for both Mainland and overseas investors. The zone also aims to internationalize the Renminbi and promote scientific collaborations.

6. Open Economic System: Embracing International Standards Over the next three to five years, the Nansha Free Trade Zone will establish an internationalized economic system featuring a free trade park and a market-oriented administration approach. Access restrictions on foreign-invested firms will be reduced, fostering openness and transparency. Various financial incentives will attract foreign equity funds, multi-currency industrial investment funds, and more.

7. Nansha Free Trade Zone in a Nutshell Located in the heart of the Pearl River Delta, Nansha Free Trade Zone serves as a national new zone and a free trade zone, playing a pivotal role in shipping logistics, international finance, trade, science and technology innovation, marine economy, and high-end manufacturing. It aims to become a world-class integrated service hub and a demonstration area for Guangdong-Hong Kong cooperation.

Nansha Free Trade Zone Guide 2023

With its strategic location, business-friendly policies, and robust infrastructure, the Nansha Free Trade Zone presents an enticing opportunity for foreign enterprises looking to establish a shipping company engaged in freight forwarding, warehousing, customs clearance, or consulting services. As it aligns with the goals of the 21st Century Maritime Silk Road, the Nansha Free Trade Zone is poised to become a central hub for international trade and cooperation in the region.

Corpoartion China can help you establish a China logistics company in the Nansha Free Trade Zone with Freight Forwarding, Warehousing, customs clearance activity, and goods consulting services for foreigners with an NVOCC – Qualification.