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Policy to Encourage Non-Local Investment Issued by People’s Government of Jilin Province (Abstract)
2011/03/28     Source:

This provision is applicable to joint venture enterprises, cooperative economic enterprises, and proprietorships from other domestic provinces, which were set up in Jilin after April 15th, 1999, and whose investments occupy more than 30% among the total.

If the operation period of the enterprises invested and developed by other provinces surpasses 10 years, all enterprise income tax paid in the first three years and 50% enterprise income tax paid from the 4th to the 6th year shall be earmarked, from the first profit-gaining year, by peer financial institutions for the enterprises’ technical innovation and new products exploitation.

If the operation period of the advanced high-tech enterprises and the large and medium enterprises innovated with hi-tech (which are invested and developed by other provinces, with the investment exceeding 50 million RMB Yuan) surpasses 10 years, from the first profit-gaining year, all enterprise income tax paid in the first five years and 50% enterprise income tax paid from the 6th to the 10th year, shall be, after confirmation by related regulations,  earmarked by peer financial institutions for the enterprises’ technical innovation and new products exploitation.

If the operation period of the Export Enterprises (invested and developed by other provinces) surpasses 10 years, after confirmation by related regulations and the execution of the 3rd item above, and if their export value reaches more than 60% of their product value, 50% of their income tax paid that year shall be earmarked by peer financial institutions for the enterprises’ technical innovation and new products exploitation.

If the operation period of such infrastructure construction projects as energy, transportation and water conservancy (invested and developed by other provinces) surpasses 15 years, from the first profit-gaining year, all enterprise income tax paid in the first five years and 50% enterprise income tax paid from the 6th to the 10th year, shall be earmarked by peer financial institutions for the enterprises’ technical innovation and new products exploitation.

If the operation period of such projects as the agriculture, forestry, husbandry and fishery (invested and developed by other provinces) surpasses 15 years, from the first profit-gaining year, all enterprise income tax paid in the first three years and 50% enterprise income tax paid from the 4th to the 8th year, shall be earmarked by peer financial institutions for the enterprises’ technical innovation and new products exploitation. Transformation projects of agricultural resources can enjoy more favorable policies.

Projects——in scientific research, culture, sports and tourism infrastructure, as well as those served by educational undertakings, which are invested and developed by other provinces——after put into operation, from the first profit-gaining year, their enterprise income tax paid in the first five years shall be earmarked by peer financial institutions for the enterprises’ technical innovation.

On the basis of the investment scale and land use, investors from other provinces can enjoy the reduction of land transfer fee.If the operation period surpasses 10 years and the investment exceeds 50 million Chinese Yuan, after approved by the provincial government, the land transfer fee will be reduced by 20%, under the condition that the capital is used in construction and manufacture; the land transfer fee will be reduced by 30%, if the capital is used in hi-tech enterprises, export enterprises, the urban infrastructure construction, agriculture, forestry, husbandry and fishery and other breeding industries. The land transfer fee will be reduced by 40%, if the capital is used in agricultural industrialization projects, the agricultural development projects such as the use of barren hills, unclaimed lands. Each time the investment increases by 50 million Yuan, a 10-percent reduction in the land transfer fee will be added no more than 70%.

If the projects with the land-use right obtained through leasing mode by investors from other provinces (with the land used for export and high-tech enterprises) have a operation term of 15 years or more, their land rent, from the day of land use approval, is sustained within five years and paid from the 6th year.

The administrative undertaking charges are reduced by half for productive construction projects invested with 50 million Yuan or more by other provinces;the administrative charges for their production and operation activities are kept to the minimum standards; and unjustifed inspections, charges, allotment s and fund raisings out of various excuses are strictly forbidden.

For the investment projects from other provinces, ancillary engineering facilities, energy supply, postal and telephone communications, transportation and water and gas supply are preferentially guaranteed.  Loans for the mobile bonus should be prioritized by the bank coordinated through the government.

Senior management executives, technicians,and technical workers from the enterprises of other provinces investing in Jilin, and the staff from abroad or other provinces introduced for special needs——they, their spouses and children can apply for permanent residence. Appropriate arrangements of their spouse's work and their children’s schooling, nursing, etc., should be made by the departments concerned.

Incentives will be awarded to the work units and individuals who make prominent contributions to introduction of capital. The incentive will be paid by the beneficiaries to whom the capital has been brought to run joint ventures or cooperative enterprises; the reward will be made by the corresponding financial institutions to those who introduce capital to run sole-proprietorship enterprises; Those who introduce donated fund will be amply rewarded by the recipients. Specific incentives can be formed by each municipality or the state itself according to the capital introduced or the final benefit it brings.

Special preferential treatments are offered to other provinces, autonomous districts and municipalities which have established friendly relations with Jilin Province and to the projects invested by other provinces, which have a significant impact on the economic development of Jilin Province.

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