Huai’an China http://www.huaian.gov.cn
According to national stipulations, Jiangsu Huai’an Industrial Park (“the Park” for short hereafter) provides various preferential policies on investment for enterprises. All national and provincial preferential policies are implemented in the Park; all preferential policies implemented in domestic regions of the same kind can be referred to for implementation; and for external investors-established enterprises whose fixed assets investment is over 100 million yuan and foreign investors-established enterprises whose investment is over 10 million dollars, more special preferences and supports can be provided.
Ⅰ. Industrial and logistic projects
1. Preferential policies in respect of land
Merchants can obtain tenure of state-owned land by means of open selling for industrial land.
For external merchant-established industrial and logistic enterprises whose fixed assets investment is over 30 million yuan and foreign merchant-established enterprises, most preferential land price in our area is used. And the Park will provide prize to support the enterprises according to investment scale of the enterprises.
Ⅱ. Preferential policies in respect of stipulated fees for construction
Except for intermediary service fees and civil air defense construction capital, construction stipulated fees of industrial and logistic projects (including fund) are exempted.
3. Preferential policies in respect of taxation
For external merchant-established industrial and circulation enterprises whose fixed assets investment is over 30 million yuan and foreign merchant-established enterprises, and their operation period is over 10 years, from the date of putting into production promised by contract, local retained part of income tax paid by enterprises is collected first and then awarded, and “the part is exempted for first 5 years and then half exempted for later 5 years”.
For export enterprises or advanced technology enterprises reinvested or expanded by foreign investors with profits obtained from original enterprises, and whose operation period is no less than 5 years, paid income tax of reinvested part is sent back after being approved by taxation institutions.
For profits obtained by foreign investors of Chinese-foreign joint ventures and remitted abroad, local retained part of income tax of remitted amount is first collected and then rewarded wholly.
Ⅳ. Other preferential policies
For industrial enterprises who rent land in the Park and build standard plants by themselves, during conventional device installing period, rent is exempted. For industrial enterprises who rent standard plants in the Park for over 2 years, according to conditions including investment scale and taxation of projects, rent can be reduced properly. Paid housing rent can be used to deduct capital for purchasing standard plants.
Ⅱ. Operating Tertiary Industry Projects
Hotels whose investment amount is over 5 million yuan and operating type tertiary industry projects whose single investment amount is over 10 million yuan can enjoy following preferential policies:
1. Land preference. Land preference can be provided according to concrete situations.
2. Preferential stipulated fees Construction stipulated fees are collected first and then rewarded. After a business is established and passed examination from relative departments, half of local retailed part of stipulated fees is rewarded and returned back. For hotels of four-star level and above, and whose fixed assets investment is over 0.1 billion yuan, all local retailed part of stipulated fees is rewarded and returned back.
3. Taxation preference Sales tax and income tax are collected first and then rewarded, and half of local retailed part is rewarded in 5 years. Hotels in the Park are encouraged to attend star level evaluation, once a hotel gets a higher star level, local retailed part of its sales tax and income tax in the year and the next year is collected first and then rewarded.
Ⅲ. Non-residential real estate development project
For non-residential real estate development project which conforms to any following conditions, (1), it has 8 stories above the ground; (2) its single construction area is above 10,000 m2; (3) its construction investment scale is above 20 million yuan. It enjoys following preferential policies:
Taxation: its sales tax, urban maintenance and construction tax, enterprise income tax, individual income tax are collected first and then rewarded, and half of local retailed part is rewarded in 5 years.
Stipulated fees: construction stipulated fees are collected first and then rewarded, and half of its local retained part is rewarded.
For large-scale supermarkets, commercial and special markets whose single construction area is above 10000 square meters and operating area is over 30%, operating tax, urban maintenance and construction tax, corporate income tax and portion retained of housing property tax in the first three years and half of the award in next two years. The award is applied to attract investment of market for developing enterprises.
Ⅳ.Real estate development project
Huai’an industrial Park encourages to establish high-rise buildings within the key regions planned and made sure, the preferential policies are as follows: if the number of rises of single buildings reaches 8 to 11 (including 8), portion retained of the whole building stipulated fees will get half award after collecting fees; if the number of rises reaches above 12 (including 12), portion retained of the whole building stipulated fees will get full award after collecting fees. Furthermore, the park takes out 1% net income of land grant fee as special subsidized fund of high-rise houses and gives fixed subsidies ---1000 yuan for each elevator every year (the time can’t exceed 15 years) on elevator operation cost for high-rise buildings, besides, special fund will use for expenditures, including examination and maintenance for elevators and so on.
Ⅴ. Projects on social public undertakings
1, Projects on social public undertakings mainly contains operating private schools, hospitals, old people’s homes, welfare institutes and so on.
2, Land preference: project land use right will be obtained by open selling, then, and the park will supply fund award on supporting development of social undertakings according to projects’ matching and support strength for park’s social undertakings
3, Preference on stipulated fees: construction stipulated fees are implemented award after collecting fees. If social public undertakings pass through the examination of relative departments and start business, portion retained of construction stipulated fees will be returned full award.
4, Tax preference: Huai’an Industrial Park implements award after collecting fees; besides, operating tax, corporate income tax, and portion retained of housing property tax will be given full award in the first five years and given half award in the next five years.
Ⅵ.Non-operating municipal infrastructure projects
1, Land preference: non-operating municipal infrastructure projects could be adopted allocation to supply land, moreover, the park can reduce base price properly on supplying land for public open selling price and give fund award for enterprises’ supporting development in accordance with investment scales and construction progress.
2, Preferences on stipulated fees and tax: according to projects’ matching strength for park’s infrastructure, preferential policy will be adopted the way of one business and one discussion to give investors’ best preference.
Awarding time points of supporting development fund for enterprises and social undertaking are as follows: within ten working days after agreement signed and fully land fund, Huai’an Industrial Park will keep the promise on 90% total amount of development fund of enterprises’ support signed up at investment agreement; the main project reaches above plus on minus zero and accomplishes industrial and commercial register and tax register, the park will keep the promise on 10% total amount of development fund of enterprises’ support.
Preferential declare time of corporate income tax, operation tax, value added tax and housing property tax is kept the promise yearly, and declares and fulfills before on the tenth in the next month after final settlement.
The preferential policies are applicable to enterprises that they invested in Huai’an Industrial Park, accomplished industrial and commercial register and handed in full tax.