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document.writeln("SIP's EPZ covers an area of 2.9 sq km. The initial phase of 44 ha in District 2 of SIP has been completed and was officially in operation behind the fence. Phase 2 of 1.5 sq km is under construction. <br><br>Operating in EPZ not only greatly reduces cash flow, but also improves logistics. EPZ offers the convenience in efficient logistics.<br><br>EPZ adopt &quot;Jing Nei Guan Wai&quot; policies (within the national boundary but free from customs duties). As compared to Free Trade Zone (FTZ), it offers the same incentives except for simple trading. The enterprises inside the SIP EPZ may enjoy the following privileges:<br><br>Goods may be freely transferred between the EPZs and overseas. Quotas and licenses are not required unless otherwise stipulated by the State.<br>All capital investment assets including equipment and modules for own manufacturing use; equipment and spare parts for own maintenance use; equipment and materials for own construction use; and office equipment for own use are exempted from customs duty and import-related taxes.<br>Raw materials, part & components, packaging and consumable materials used in production are fully bonded.<br>Bank Deposit Account System and logbooks for processing trade are not required. Simple registration only for import and export.<br>Raw materials and semi-finished products can be transferred or traded freely within the EPZ, or between the different EPZs.<br>No VAT on products processed for re-export purpose.<br>Goods sold into EPZ from companies in China but located outside the EPZ or FTZ are regarded as &quot;export&quot; and eligible for VAT rebates. *This is an EPZ advantage that FTZ doesnot have. <br>No export foreign exchange earnings verification and cancellation procedure for goods exported to overseas; no import foreign exchange payment verification and cancellation procedure for payment to overseas.<br>Moreover, enterprises in EPZ may enjoy the other incentives available for all SIP investors. <br><br>There are Ready Built Factories and warehouses available for investors who want a quick startup. Investors may also have the option to buy land and build their own factories. ");
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