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Donghai’s Support Policies to Encourage Investment in 2009
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In order to expand inviting investments, guide the direction of investments reasonably and promote industrial restructuring and optimization of our county, investment projects which are encouraged by national industrial policies and conducive to local economic development enjoy the following supportive policies besides the supportive policies of nation, province and city:
I. Land utilization
i.If investors establish productive enterprises in the development zone, fixed asset investment are supposed to reach 20,000,000 Yuan (2,000,000 U.S. dollars of foreign investment), investment strength are supposed to be no less than 1,200,000 Yuan per Mu and enterprises access to state-owned land use rights in the form of being listed on the way to sell. (Industrial land for 50 years).The standard of trigger price is the minimum land sale price regulated by our country.
ii. On standard factory buildings newly built by investors in the development zone, building area are supposed to reach 30,000 square meters, volume fraction is no less than 0.8, and operator of building standard factory access to state-owned land use rights in the form of being listed on the way to sell. The standard of trigger price is the minimum land sale price which is regulated by our country.
iii.If investing in establishing public welfare projects (such as schools, hospitals, etc.)Land is let according to transferring price or minimum standard of assessment price of similar items.
iv.If investors invest in the development of tourism projects; it may need "special discussions" according to the scale of investment and resources.
As to hotels of more than four-start to be built (Floor area ratio should not be less than 1.8),after they are completed , put into operation and have rated star , All balances that is valorem of land listed discounting the effect of land compensation, processing and other costs should be returned to investors via benefit finance.
v. Project sites for investment in the development of modern eco-agricultural projects are supposed to be used by China’s agricultural land management regulations.
II. Financial subsidy
i.Financial benefit will provide technical support funds, the details of which are implemented according to the standard , per square meter of factory building area enjoys 90 Yuan subsidies, for development and construction project of new productive enterprises and standard factory. But the subsidy from the average per mu land for construction plant project is not more than 80,000 Yuan. After the project is started, financial benefit will give subsidy for half of factory building area in accordance with the building contract and the rest of subsidy will be given gradually in accordance with the progress and the sequence of plant construction.
ii. After productive enterprises access to land-use right, state-owned land use tax of foreign-funded enterprises is free in the first 10 year; as to state-owned land use tax of enterprise intranet, financial benefit gives subsidy to enterprises in the form of technical capital on the basis “the first five years are free and the next five years are one half”; fixed asset investment of operating projects as commercial circulation and relaxation and entertainment etc is more than 10,000,000 Yuan,50% of local retained portion of tax on land occupation will be given to investors as subsidy in the form of investment incentives by financial benefit.
iii. Since new productive enterprises is put into operation, local public finance’s retained portion of corporate income tax will be given to investors as subsidy in the form of technical capital by financial benefit on the basis of “the first five years are free and the next five years are one half”; local retained portion of value added tax will be given to investors as subsidy in the form of technical capital by financial benefit on the basis of “the first years are free and the next years is one half”.
III. Encourage investment in silicon processing, high technology and major projects
With regards to Silicon material processing enterprises which are newly established above the provincial level with over 50 million Yuan (5 million U.S. dollars) investment in fixed assets or if built and put into operation at the provisions of the cycle, production enterprises pay tax more than 10 million, strength of its investment in fixed assets reach 1.2 million Yuan / mu. Since projects are put into operation, local public finance’s retained portion of corporate income tax will be given to investors as subsidy in the form of technical capital by financial benefit on the basis of “the first five years are free and the next five years are one half”; local retained portion of value added tax will be given to investors as subsidy in the form of technical capital by financial benefit on the basis of “the first 2 years are free and the third years is one half”. After the period of tax preferences that high-tech enterprises enjoy is due, they can continue to enjoy above-mentioned technical support policies if they are still identified as high-tech enterprises by related departments.
As to domestic and foreign investment projects of “Top 500” or production projects of investment in fixed assets amounting to billions of dollars, they can be taken “special discussions”.
IV. Encourage the development of headquarter economic enterprises
Investors outside Donghai County are encouraged to register headquarters economic enterprises in this development zone, and they can enjoy special support policies within 10 years. In the first 3 years, 70% of local retained portion from corporate tax will be returned to enterprises as reward; from the 4th to 6th year, 60% of local retained portion from corporate tax will be returned to enterprises as reward; from the 7th to 10th year, 50% of local retained portion from corporate tax will be returned to enterprises as reward.
V.Vetting and service charges
Energy, transportation and other infrastructure construction projects, as well as modern service industry which spend more than 20 million yuan investment in fixed assets, construction fees refers to Donghai County “Norms Regarding the Approval of Industrial Projects and Service Fees”(Donghai County Party Committee Office, No. 85,Year 2008)
VI.Others
i.As to the investors this support policy is adequate for, they enjoy parity of treatment in household registration, their children’s enrollment (trusteeship) so that they can choose their own place to settle down and schools their children attend for themselves.
ii. Those enterprises whose fixed asset investment is over 20,000,000 Yuan (2,000,000 U.S dollars), People's Government of Donghai County will award investment service green card for them.
iii.The ones who invest in Hot Springs Resort, Donghai New Economy Industrial Park,9 major township industrial cluster and investors from Donghai County enjoy the benefit refer to this support policy.
VII. This support takes into effect since the date of publication.
VIII. Investment Promotion Bureau of Donghai is responsible for the interpretation of this support policy.
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Related Links: |
| Donghai’s Business Incentives to Attract Investment (provisional) Approach in 2009 |
| Foreign Investment Procedures |
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