Actualités BTC

 

Preferential Polices in Yancheng, Jiangsu

 

Overseas Investors in Yancheng are entitled to enjoy the following preferences:
1. The land using price is RMB40,000/mu for industrial project with fixed investment capital of under RMB10million; For once fixed investment capital ranging from RMB10-30million in industrial project, the land using price is RMB30,000/mu; For once fixed investment capital over 30million fin industrial project, the land using price is RMB20,000/mu;
2. For once fixed investment capital exceeding RMB20 milliion, the land using for the tertiary industry with an annual tax amount reaching RMB500,000 can be applied to the fixed price for industrial land using.
3. Carry out land lease to the mini land inside and outside the zone
4. The price of the mini land release outside the zone is allowed with more preference on the basis of the land release inside the zone.
5. For productive enterprise, it is exempted from income tax for the first and second year counting from the first profit year. Only half of the income tax amount is imposed for the third to the fifth profit year. The district retained portion shall be refunded by the treasure of the government.
6. For the tax of productive enterprise from the first year to the second year starting from the first operational year, the district retained portion shall be refunded to the enterprise by the treasure of the local government. For the income tax from the third year to the fifth year, the district retained portion shall be refunded with 50% of the total amount by the treasure of the government.
7. Regard to non-productive enterprises, for the income tax of productive enterprise from the first year to the second year starting from the first operational year, the district retained portion shall be refunded to the enterprise with 50% of the total amount by the treasure of the government.
8. For new and high-tech enterprise and enterprise with investment of over RMB0.1billion once, they are entitled with half-year exemption or the full tax refunding from the treasure of the government would be prolonged with three years.
Other preferential policies to encourage foreign investors
1. For the profit that foreign investors gained from foreign enterprises in accordance with law is exempted from income tax.
2. When the foreign investors remits the legal profit divided from the enterprise, the remittance is exempted from income tax.
3. If the foreign enterprises purchases domestic equipment with the money out from the investment total capital, and if such imported equipment falls in the category of exemption, full VAT of the domestic equipment will be refunded and exempt the income tax for the enterprise according to relevant regulations.
4. For foreign enterprises, they are free from urban maintenance fee temperately. For productive enterprises using plantable land, they are exempted from plantable land-occupying tax. For productive projects with overseas investment of USD2 million, fee for complete-set urban infrastructure, urban planning adminstration fee and bulk cement development funding are free. Half year of exemption from urban dossier warrant fee and civil air defense construction fee (replacement fee).
5. When foreign enterprises transfer technology to our zone, it may be exempted from business tax and income text after examination and approval if falling in advanced technology or of preferential condition. The technology transfer income obtained by the foreign enterprise is exempted from sales tax.
6. For the foreign enterprises with 10% or above increase in technology development investment, 50% of the actual technology investment amount is allowed to set off the taxable of that year after examination and approval.
7. For the construction and production materials needed by the foreign enterprises, the local material department will supply with priority and allow them to enjoy the equal price of local state-owned enterprises. Meanwhile offering priority in granting short term working capital credit and other necessary credit capital.
8. After approved, the investment subject on transportation construction have the priority in obtaining the development managerial right for the property alongside and the neighborhood around the coast for comprehensive compensation.
9. The foreign enterprise employ staff on their own and choose the superior after examination. The employee information shall be submitted to the local labor department for filing.
10. Incentives are offered to those personnel who have introduced foreign capital to fixed assets investment and land rental in a batch and those who have introduced foreign investment into actual application in the zone. For foreign investors who have made outstanding contribution in foreign capital utilization, the government will award with them the title of "honored citizen".
11. All local foreign affair department carries out service commitment system and "one stop" service. Try to offer excellent coordinating service and perfect the investment "soft" environment according to the Decision on Further Improving the Soft Environment for Export-Oriented Economy issued by the municipal government.

Please publish modules in offcanvas position.