BTC новости

Preferential Policies in Xuzhou, Jiangsu

Land use

Xuzhou has rich reserve of land for industrial use, which can ensure preferential land supply for foreign-invested industrial projects. Xuzhou is an important economic growth pole in the construction of industrial belt along East Longhai Railway, carried out by Jiangsu province. Thus, the provincial government gives our city policy support in the application for land use and the cost of land use can be appropriately reduced. All foreign-invested productive enterprises can enjoy certain preferential policies within the permission of law and regulations, according to the intensity, density of investment, high-tech content and social benefit of the projects. Land can be leased at preferential rent to those projects concerning merging of state-owned enterprise, joint-venture, stock holding, or high-tech or high value-added projects. The projects of infrastructure and public good facilities will be exempted from infrastructure construction development fee, civil defence facilities construction fee and land requisition (allocation, use) fee and will be charged half for the land-use change fee.

Tax and Fees

All the foreign-invested productive enterprises with a scheduled operating period of 10 years or more enjoy the national policy of "two-year exemption and three-year 50% reduction of income tax" starting from the first profit-making year. From the sixth to tenth year, 50% of the retained tax by the local government will be rewarded to the enterprises. For all foreign-invested enterprises with a scheduled operating period of 10 years or more, all the retained value-added tax by local government will be rewarded to them for the first two years and half will be rewarded for following two years. Foreign-invested productive projects with actually utilized foreign investment of no less than US$ 2 millions enjoy the "Green Card" Policy, and enjoy reduction and exemption of stipulated fees levied by local government. For foreign-invested enterprises of high-employment, high-technology and high-tax, and those projects with one-off investment of no less than US$ 5 million or projects which will have great influence on the city's economic and social development, we will handle them with special methods and will provide more preferential policy.

Service

In accordance with the "Suggestion on Enhancing Service to Foreign-invested Enterprises" by the Municipal Government, we conform to the systems of service pledge, initial consultation, handling within limited time and projects joint approval. We carry out the activity of "Provide Service by walking into Foreign-invested Enterprises". Every year in March, we will organize relative government departments to step into foreign-invested enterprises, propagating government policy and carrying out research. We provide on-site service and do whatever we can to help them solve various problems and difficulties they met with during their operation. After we have investigated and verified the complaints made by foreign-invested enterprises, we will coordinate involved departments to handle them and return the result to the enterprises. At the end of every year, in the name of the Municipal Government, we send out "Questionnaire of Service Quality" and collect advice from enterprises for relative functional departments. The result will be an important consideration in the activity of "Ten thousand People Appraise the Government Offices" All the preferential policies issued by Xuzhou Municipal Government for encouraging investment from outside the city are also applicable to foreign-invested enterprise.

Policies of viewing foreigners as native residents

For the encouraged projects, the proportion of sale in domestic market, upon approval, shall be decided by the enterprises.Besides the relevant preferential policies set by the national government and the provincial government, foreign funded enterprises can also enjoy the preferential policies set for the domestic enterprises.Foreign investors can enjoy the same treatment as the city residents in accommodation, food, shopping, children's education and the tickets of places of interest and so on and so forth.