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Preferential
Policies For Investment Promotion
of Baipu Town,
Rugao, Jiangsu
The preferential policies hereunder
are made out based on the practical situation of the Baipu town for the
following purposes: to strengthen investment promotion of the Baipu, to
encourage domestic and overseas investors as well as all scopes of economic
organizations to invest in Baipu, to accelerate local construction and to
promote economic growth of the town.
Article 1 Preferential Policies for Land
Ⅰ The land-use intensity of the
town planning industrial land shall be
2,000,000 Yuan or 200,000 U.S. dollars per Mu(1 Acre=6.07Mu ).
Ⅱ For productive enterprises to
enter the industry concentrating area, the threshold price of investment shall
be 10,000,000 Yuan or 100 million US dollars.
Ⅲ For land belonging to the planning industrial land of Baipu,
way of compensated transfer and lease shall be adopted.
Ⅳ For land transferred by productive
enterprises, according to the investment scale, scientific and technological
content, expected tax revenue and so on , a flexible price shall be offered.
Ⅴ For land leased to productive
enterprises, annual land rental fees shall be equal to 600kg rice’s value per Mu
according to the market price. Projects with fixed assets (plants, equipments)
investment of 10 million Yuan and pay tax of 1 million Yuan per year, a
remission of one year’s land rental fees shall be offered; projects with
investments of 20 million Yuan and pay tax of 2 million Yuan per year, a
remission of two years’ rental fees shall be offered; projects with investments
of 30 million Yuan and pay tax of 3 million Yuan, a remission of three years’
rental fees shall be offered.
Article 2 Preferential Policies for tax
Ⅰ of the income tax
For the income tax turned over by
the productive enterprise that has just settled into the industrial
concentrating area and meet the requirements of the total amount of capital
investment and tax payment, in the first three years from putting into
production, a reimbursement from the locally-retained portion shall be offered.
Ⅱ
of the value added tax
For the value added tax turned over
by the productive enterprise that has just settled into the industrial
concentrating area and meet the requirements of the total amount of capital
investment and tax payment, in the first three years from putting into
production, a reward shall be offered according to the paid tax.
--With tax over 1 million Yuan,
Baipu shall reward 10% of the locally-retained portion of enterprise added
income tax.
--With tax over 2 million Yuan,
Baipu shall reward 20% of the locally-retained portion of enterprise added
income tax.
--With tax over 3 million Yuan,
Baipu shall reward 30% of the locally-retained portion of enterprise added
income tax.
--With tax over 5 million Yuan,
Baipu shall reward 50% of the locally-retained portion of enterprise added
income tax.
Article 3 Infrastructure provided
Baipu Town shall provide road, power, water,
drainage system, mail, cable television, construction land and make sure they
are ready for use.
Article 4 quality services provided
Ⅰgo through
formalities uniformly including approve and initiate a project; land for use;
construction, environment assessment; firefighting project set up; water, power
supply, declare for license(application, evaluation, Capital Verification,
transact certificate)
Ⅱ provide assistance to enterprises to
carry out market research and Project appraisal
Ⅲ
provide assistance to enterprises to apply for declaration permit,
license of import and export, International
Quality Management System Certificate
Ⅳ provide assistance to enterprises to
clear information channel so as to absorb talents and projects.
Ⅴprovide assistance to enterprises to
coordinate external Relationship and create a external relationship harmoniously
developed.
Article 5 The Preferential Policies
shall come into force as of September 1, 2008
Article 6 The Preferential Policies shall be
interpreted by the Baipu
Town government.
Investment Tel: 0513-88578588 88576509 13813645988
Fax : 0513-88574302
Gov website address:
http://www.baipu.gov.cn
e-mail: 13813645988＠139.com
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