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在线翻译:
szdaily -> Shenzhen -> 
Intl. legal exchange important for Qianhai’s development: US lawyer
    2021-09-28  08:53    Shenzhen Daily

Tan Yifan

cicitan2011@gmail.com

TO further promote Qianhai’s opening up in legal practices, the area needs to attract more related professionals with international background and roll out detailed tax incentives to them, according to Charles Stone, an American lawyer at V&T Law Firm with three years of working experience in Shenzhen.

Stone added that to make Qianhai an appealing area with international standards, it needs more legal talent to work there and share with their counterparts how to properly deal with cross-border business.

“Lawyers in [Qianhai] will get a lot of legal business once more foreign legal talent join with them and [together] they practice law properly,” said Stone. “I’ve heard so far that they [the authorities] are stressing the rule of law, predictability, and they allow Hong Kong lawyers to practice law there. Once we solve the problem of COVID-19, more talent will come.”

Stone said the authorities are making it “particularly easy” for foreign companies to set up shop in Qianhai.

“The approach of them also appears to welcome foreigners with expertise by giving them whatever they need to get their job done, so I think that Qianhai is very likely to succeed if they make the legal system as predictable as possible.”

Stone noted that one way to attract professionals is to offer detailed tax incentives and widely publicize them.

“They are giving incentives to various foreign nationals who work in Qianhai. If I knew that my income tax will be drastically reduced, I’ll consider setting up an office there,” he said.

“I do know some legal professionals who have relocated to Qianhai. So far, they seem to be very happy. Although it’s going to take at least 10 or 15 more years before this plan [the Qianhai development plan] is completely implemented, they seem to be on the right path,” he added.

Stone said Qianhai “is extremely well planned” and is a “very interesting” area.

“I’ve been to Qianhai a few times and every time I go there, there is a new building and something new. The architecture is very interesting, and the facilities are top-notch. They seem to be doing everything the right way,” he said.

Stone said he would tell any colleague “who is thinking of setting up an office in Shenzhen to also look at Qianhai” because of the convenience it provides.

Currently, Stone particularly focuses on cross-border transaction cases. Before receiving his law degree in the U.S., Stone earned his Ph.D. in classical Chinese language and literature from the University of Chicago.

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