1.      Policies for tax preference and financial incentives

 

(1)   The state policies for tax exemption on foreign investment and business establishment shall be implemented here.

 

(2)   With fixed investment exceeding 3 million yuan, the enterprise that has been registered and conducted production and management in the Development Zone, can enjoy award up to 50% of its tax paid to the Development Zone (40% for the nonproduction enterprise), within three years since the day it goes into operation.

 

(3)   International conglomerates, domestic listed companies, nation-wide famous enterprises, and high and new technology projects, which invest in the Development Zone, can enjoy award up to 50% of the tax paid to the Development Zone, within three years since the day they get registered in the Development Zone.

 

(4)   For a newly established enterprise of agricultural product processing or tourism development with actual paid tax more than 500,000 yuan, 30% of its value-added tax and income tax that goes to the local taxation department shall be rewarded to the enterprise in one time by the benefited taxation department for production expansion or technical development. 

 

(5)   For such an enterprise as imports in the way of processing materials supplied by clients, its value-added taxes in the importing link, value-added taxes from processing or consigned processing and processing fees shall be exempted. Policies for tax exemption, deduction and reimbursement shall be applied to general trade and exports of goods processed from materials supplied by clients.

 

(6)   High and new technical enterprises invested and established by a private enterprise after the affirmation of the related departments above the provincial level and the approval of taxation department, the enterprise income tax shall be exempted for the first two years since the day it goes into operation.

 

(7)   Projects invested by private capital or by sources outside Chenzhou, and are listed among the city’s key projects, can have priority to enjoy the city’s industrial guiding fund, and interest subsidies for loans and credit guarantee from credit guarantee companies for small and medium-sized enterprises. The enterprise that is qualified will be given the preference to declare for provincial and national capital support.

 

(8)   Company introduced to and registered in the Development Zone, the introducer of the company shall be awarded with a high proportion of the actually paid capital, that is, the investment in the fixed assets.

 

(9)   Awards will go to such enterprises as pay taxes over one million: an award of 10,000 yuan for an enterprise that pays taxes in the range of from one to 2.99 million yuan; 30,000 yuan for taxes from 3 to 4.99 million yuan; 50,000 yuan for taxes from 5 to 7.99 million yuan; 100,000 yuan for taxes from 8 to 9.99 million yuan; a limousine for taxes from 10 to 15 million yuan; and a villa for taxes above 15 million.

 

2.      Preferential policies on land for project use

 

(1)   Multiform supply of land for project use will be employed, such as selling and investing the land as shares.

 

(2)   For international conglomerates, domestic listed companies, nation-wide famous enterprises, and high and new technology projects above the provincial level, land will be supplied at a cost price if large scale land is needed.

 

(3)   If an industrial project purchases land over 30 mu (12.15 hectares), it will enjoy the cost price. In addition, the fees for certificates shall be exempted except that those should be paid above the provincial level. The land-transferring fees will be charged at the municipal level only, and can be paid up in five years.

 

(4)   After all the procedures of the land for project-use are carried out, the enterprise concerned can get the state land use certificate, and conduct financing by pledging the certificate, but the financed capital can only spent in the project concerned; the land can’t be transferred and changed for other use by the company.

 

3.      Preferential policies for scientific and technological investment

 

For hi-tech projects with clearly established ownership of intellectual property, scientific and technological achievements (including patents) are permitted to account for up to 35% of the shares in the project registration capital. It is encouraged to take scientific and technological achievements (including patents) into shares, and the owners of the scientific and technological achievements and intellectual property can have no less than 20% of the shares the achievements bear in the project.

 

4.      Preferential policies for financing

 

(1)   While investing in the Development Zone, an enterprise can borrow money from the bank of deposit with land, the plant, machine equipment, and securities of the enterprise in question as guarantee and mortgage.

 

(2)   10% of the newly increased loans of financial institutions in Chenzhou every year will be used to support the development of projects in the Development Zone.

 

(3)   10% of Chenzhou’s industrial guiding fund will be allocated for interest subsidies of loans to the projects in the Development Zone.

 

(4)   More than 30% of Chenzhou’s three funds of science and technology will be used for the project construction in the Development Zone.

 

(5)   Endeavors will be made that a batch of enterprises can win the provincial or national special fund for science and technology.

 

5.      Preferential policies for talents

 

(1)   For the talents with high professional titles and high education, related fees will be deducted or exempted if their spouse and minor children immigrate together.

 

(2)   Talents with projects and scientific and technological achievements are encouraged to part-timely contract, rent or become a shareholder of an economic entity, to conduct cooperative development or to do other pioneering work in the Development Zone. At the same time, the lawful rights and interests of the talents concerned such as intellectual property will be guaranteed according to law.

 

(3)   If obvious economic profit is gained for the information or suggestion given by economic, scientific and technological consultants, from 0.5 % to 1% of the profit will be given to the consultant concerned after examination and approval.

 

(4)   For a scientific and technological enterprise in the Development Zone, its board chairman, general manager, and key scientific and technical personnel can try out award shares or option shares.