From April 1, 2025 onwards, a preferential policy on stamp duty for offshore trade has been officially put in place in the Qingdao Area of China (Shandong) Pilot Free Trade Zone (hereinafter referred to as the Qingdao FTZ). Companies that are registered in the Qingdao FTZ are entitled to stamp duty exemption when they are involved in business contracts on offshore trade. The favorable policy can help companies to cut costs in cross-border operations, and to become more competitive in international markets.

The preferential policy on stamp duty for offshore trade is designed to inject robust impetus into Qingdao’s efforts to develop offshore trade at a higher level. Over the year since the policy was officially launched, the volume of offshore trade in the Qingdao FTZ has more than doubled year on year.

With the adoption of the new-type digital platform for international trade named “Free Trade Access”, Qingdao is able to pool multi-dimensional data on international shipping, ports, logistics and overseas customs to cross-verify data across the trade chain and help study business compliance and examine hazards in a digital manner. Furthermore, Qingdao has established the service center for new-type offshore international trade, The center has launched a total of over 30 training and exchange events, and provided guidance to more than 200 companies engaged in offshore trade activities in terms of risk control, decision making and business operation. (Fu Jun)

Working staff are checking the information of outbound goods.