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Hunchun City Issues Preferential Investment and Business Policies
2014/07/04     Source:

To encourage investors to invest and start business in Hunchun and promote the rapid development of Hunchun's economy, according to the national, provincial and prefecture-level laws, regulations and policies and combining with the actual condition, Hunchun City has developed a series of preferential policies. The policies apply to industries encouraged by the country and projects with a great contribution to the local economic development (excluding real estate, high-energy consumption, polluting and local resources-consumed project).

Land Supply

1.Supply land to projects meeting with Hunchun City's industrial development orientation and with an investment intensity of not less than RMB 30 million a hectare in accordance with the projects' overall plan in phases.

2.Give priority to supply land to projects with an investment intensity of higher than RMB 50 million a hectare and the city finance department will set aside appropriate subsidies from net proceeds from land sale to these projects after their completion in accordance with the land actually used and land price actually paid.

3.Supply land to projects with an investment intensity of higher than RMB 30 million and annually-paid taxes of more than RMB 5 million a hectare in accordance with the principle of supplying 1-hectare land for RMB 5 million taxes in phases.

Financial reward

Award newly-built projects in Hunchun City in the following five years since the date that they come into production.

1.Award 50% of local financial revenue formed by value-added tax, business tax and income tax paid by projects with annually-paid taxes of RMB 5 million to RMB 20 million (including RMB 5 million and excluding RMB 20 million, the same below) to enterprises.

2. Award 60% of local financial revenue formed by value-added tax, business tax and income tax paid by projects with annually-paid taxes of RMB 20 million to RMB 50 million to enterprises.

3. Award 70% of local financial revenue formed by value-added tax, business tax and income tax paid by projects with annually-paid taxes of above RMB 50 million to enterprises.

4.In addition to enjoying the term 3 preferential policy, projects with annually-paid taxes of above RMB 200 million will enjoy an additional five-year award based on a proportion of 30%.

5. Encourage existing enterprises to grow bigger and stronger, achieve a tax increase through technical innovation, project extension and other ways and award 50% of local financial revenue's newly-added part formed by value-added tax, business tax and income tax paid by projects to enterprises.

6. Award enterprise registering corporate headquarters, decision center, financial settlement center, marketing center, purchasing center, R & D center and exhibition center and completing settlement in Hunchun City as the following standard.

Award 50% of local financial revenue formed by value-added tax, business tax and income tax paid by projects with annually-paid taxes of RMB 10 million to RMB 50 million (including RMB 10 million and excluding RMB 50 million, the same below) to enterprises.

Award 60% of local financial revenue formed by value-added tax, business tax and income tax paid by projects with annually-paid taxes of RMB 50 million to RMB 10 million to enterprises.

Award 70% of local financial revenue formed by value-added tax, business tax and income tax paid by projects with annually-paid taxes of RMB 100 million to RMB 500 million to enterprises.

Award 80% of local financial revenue formed by value-added tax, business tax and income tax paid by projects with annually-paid taxes of above RMB 500 million to enterprises.

7.For construction and installation business tax occurring during the construction period of industrial projects, give full subsidies to enterprises for the projects' secondary supporting facilities construction after the completion of the projects.

Supporting support

1.Impose half administrative fees on industrial projects in Hunchun City during the construction period within the scope of corresponding-level authority; impose no administrative fees and half management fees (excluding water, electricity and gas fees) on projects with a significant contribution to the local economic development during the construction period.

2.Impose half urban infrastructure supporting fees on industrial projects in Hunchun City with fixed-assets investment of RMB 50 million to RMB 100 million; impose 30% urban infrastructure supporting fees on industrial projects with fixed-assets investment of above RMB 100 million; impose half on projects in other industries according to the aforesaid standard. Exempt newly-built projects with a large investment scale and a major contribution to the local economic development from urban infrastructure supporting fees.

Others

1.In addition to the aforesaid preferential policies, the world's top 500 enterprises, domestic top 500 enterprises, domestic and foreign well-known brands and high-tech projects, and special investment projects with a big leading role in Hunchun's local economic and social development will be given more special preferential policies in accordance with the approach of "one discussion for one issue" and "specific measures for specific issues".

Investors and their families in Hunchun City can enjoy the same treatment as local residents.

2.Give certain honorary titles or honorary posts to investors with a big project investment and strong influence and leading role with the personal consent.

3. Investment projects in Hunchun City can also enjoy preferential policies given by the country, the province and the prefecture for the great western development, the revitalization of northeast old industrial bases, the support to frontier minority development, etc.; enterprises settling in Hunchun border economic cooperation zone, export processing zone and free trade zone will respectively enjoy preferential policies for national border economic cooperation zone, export processing zone, border trade zone, etc.

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