CIT incentives offered in Shanghai Lingang New Area Starting January 1, 2020, enterprises registered in Lingang New Area of Shanghai FTZ may be eligible for a lowered CIT rate of 15 percent for five years since its date of establishment, according to Cai Shui [2020] No.38. To qualify, th...
An interesting variant of this was Nigeria’s Lekki FTZ, where investors highly valued the management of the SEZ by a Chinese company. This was considered crucial for facilitating communication and ease of doing business in the country. In contrast to the lack of importance of red tape at the...