Advantages of setting up financial leasing companies in Shanghai Pilot Free Trade Zone-Policy Support
1. Compared with domestic and foreign financial leasing companies, companies in the zone can only carry out domestic business and can carry out full-process leasing business, including domestic leasing with two ends, overseas leasing with two ends outside, and import or export leasing with one end inside and one end outside.
2.FTZ's financial leasing company can concurrently engage in commercial factoring business related to its main business.
3. The examination and approval authority of financial leasing companies in the area is decentralized, and the Economic Development Bureau of the Free Trade Zone Management Committee is responsible for examining and approving foreign-funded financial leasing companies with a registered capital of less than 300 million US dollars.
4. Allow and support all kinds of financial leasing companies, set up project subsidiaries (SPV companies) in the free trade zone and provide domestic and overseas leasing services, with no minimum registered capital limit for project subsidiaries.
Five. The financial leasing company registered in the free trade zone or the project subsidiary established by the financial leasing company in the pilot area will be included in the pilot scope of export tax rebate for financial leasing.
6. A leasing company registered in the FTZ or a project subsidiary established by the leasing company may, with the approval of the relevant state departments, purchase aircraft with an empty weight of more than 25 tons from abroad and lease them to domestic airlines for use, and enjoy the preferential policy of value-added tax (5%) on relevant import links.
7. For the import financing lease, if the domestic lessee declares to the customs, the lessee may apply to the customs to pay the customs duties and import value-added tax in installments, and is allowed to provide guarantee in the form of letter of guarantee.
8. Cancel the individual examination and approval of financial leasing companies leasing overseas creditor's rights business, and implement registration management.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.