| 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. 
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