The introduction   of Dongyang
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Investment Policiess
 

  The foreign investment producing projects are given the fund preferences of land leasing according to the foreign capitals and sorting base price of industry area. Those who invest more than∞3 millions in one time will be given 10% preferences. Those who invest more than ∞5 millions in one time will be given 20% preferences. Those who invest more than ∞10 millions in one time will be given 30% preferences. And those who invest more than ∞20 millions in one time will be given 50% preferences. The foreign investment enterprises, which invest more than ∞30 millions in one time and belong to the strong radiant energy and hi-tech projects, the city finance will return them the rest part of fun of land leasing year by year after start-up and taxation except 50% of the fund preferences of land leasing. The national 500 strong enterprises, national famous products and the well-known mark enterprise, which invest in Dongyang, are looked as the foreign investment enterprises.

  The base price of^Five Pass and One Level ̄cultivated land in industry area, pure land to sell One-kind region: 100thousand Yuan per mu, two-kind region: 80 thousand Yuan per mu, Three-kind region: 70 thousand Yuan per mu, four-kind region: 50 thousand Yuan per mu.

  Technical transformation 40% national equipment investment needed by the enterprises, which are according with technical innovation projects of national industrial policy, can be credited from business income tax. The imported equipments of investment projects and foreign investment projects, which are encouraged by our country, can be exempt from custom duties and export section value added tax in preset range. City finance arranges RMB 18 million Yuan every year to focus on the imbursement, award to implement important technical transformation, technical innovation etc.

  Export for earning foreign currency self-support export enterprises will be awarded with RMB 3 Fen or 4 Fen when exporting ∞1 within export base and according to the increased part of last year. The enterprises, which exported more than ∞10 million and more than ∞5 million of local products, will be awarded based on different grade. The enterprises, which process trade, created famous-brand products, and exploit new international market on their own initiative, also are provided with different grade award. At the first year, if a sel-support enterprise exported more than ∞300 thousand, the leader of the enterprise will be awarded with RMB 20 thousand Yuan.

  When the enterprises, which will enter industrial park, transact licensing and related examining and approving formalities, the management committee of the industrial concerned will offer all-course and free agency service, and finish in 15 days.

  The foreign investment industrial production projects, operating period of which is more than 10 years, can enjoy the following tax preferential policies:
  1、^Two exempts three reduces half ̄shall be implemented in the enterprises form the year of making profits. As to the important foreign investment project with more than 1,000,000dollars as the total investment, after the expiration of the above policy 50% of the income tax paid to the local tax authority may be returned for the follow-up 5 years. With the permission of the tax authority, the depreciation of the capital asserts may be accelerated.
  2、After the expiration of the above preference policy, the foreign investment enterprises acknowledged as the hi-tech enterprises with more than 10 years of management can get the return of the beyond 15% tax rate of the income tax paid to the local finance. As for the hi-tech products utilized the foreign capitals, in 2 years since the cognizance parts of the added tax kept in the local finance may be listed as receives row and be returned back to the hi-tech products manufactory enterprises.
  3、With permission, the land for production of the foreign investment enterprises shall be free from the tax of the faming take-over for use; As to the foreign investment awarding projects, the land for construction shall be free from the fees for use of the land in 5 years since the date of acquirement for the right to use.
  4、According to the regulations of our country, with the permission of the tax authority, the foreigners who put the profits got from the enterprises directly to re-invest this enterprise, or set up other industrial enterprises, with not less than 5 years of management, may get the return of 40%of the income tax paid based on the re-invested part. And they may get the return of 30% of the income tax paid to the local in addition; If they directly re-invest to build the factory、 extend product exportation bringing in foreign exchange income enterprise or advancing technology enterprise, then they may get the return of all of the income tax paid based on the re-invested part.

  Certificates needed to establish enterprise with foreign investment and base program
Main certificate needed and transaction department:
  1、Foreign trade economic cooperation bureau transacts approval certificate of enterprise with foreign investment.
  2、Administration for industry and commerce transacts industry and commerce business license.
  3、Quality technology supervisory authority transacts corporation code certificate.
  4、Internal revenue service and local taxes administration transacts tax registration certificate.
  5、Exchange control bureau transacts exchange control registration certificate.
  6、Exchange control bureau transacts the certificate to open account for basic account.
  7、Custom transacts the customs license.
  8、Internal revenue service transacts the license of self-support export rebates.