Preferential Treatment to Foreign-Invested Enterprises

1.The foreign-invested processing type of enterprises which schedule to operate over 10 years can be waved from income tax during the first two profitable years.A further 50% reduction shall be granted from the following third year to the fifth year.The income tax should be 15% during the normal years.
2.After the tax-free and tax-reduced years regulated by the nation's taxation law,the export-oriented enterprises shall pay its 10% income tax if its export values accounts for more than 70% of the total output value in that year.
3.Technologically advanced enterprises shall pay the tax at a reduced rate of 10% for an additional three years if they remain to be technically advanced enterprises after tax-free and tax-reduced years.
4.Foreign investors,who reinvest the share of profit earned from their enterprises to increase their registered capital or in other enterprises locally,for a period of 5 years or more,may obtain a refund of 40% of the income tax already levied on the reinvested amount upon approval by the taxation authorities.Those who reinvest their profit earnings to establish or expand export-oriented or technologically advanced enterprises shall receive a full refund of income tax previously paid on the reinvested amount.The refunded tax shall be returned to the authorities if the reinvested enterprises withdraw within 5 years.
5.After-tax profits to be remitted by foreign investors abroad will be exempted from income tax.
6.The newly established foreign-invested enterprises with total investment of over US$3 million(including US$3million)which sell self-made products and have paid VAT can get a refund of the VAT kept by the local finance authorities by Green Industrial Park for 3 years.
7.The newly-established or purchased housing property by the foreign-funded enterprises will get a refund of the property tax by the Green Industrial Park for three years since the following month of the completion or purchasing.
8.Three of the foreign investors' relatives can be the permanent residents of Yingkou Development Zone free of charge.

Preferential Treatment to Domestic Investors

1.The newly-invested processing type of domestic enterprises whose operation period is over 10 years will be awarded the same amount as the income tax paid by the enterprises kept by the local finance authorities for the first and second year,50% of the income tax kept by the local finance authorities will be awarded to the enterprises from the third year to the fifth year.
2.The depreciation period of the enterprises in the area can be the shortest regulated by the State upon being approved by the tax authorities on the basis of paying tax no less than the tax paid in the year before:
1)Houses, buildings, 20 years
2)Machines, machinery and other production equipment, 10 years
3)After approval,the production equipment,tool and furniture and etc.used by high-tech enterprises,can continue to shorten depreciation period between 10-20% on the basts of the shortest depreciation period regulated above.
3.The technology transferring income of the science and research institutions or private-owned science and technology enterprises can be waved from business tax after being approved by the tax authorities.
4.The newly-formed processing type of domestic enterprises which have paid VAT will get an award of 60% of the VAT kept by the local finance authorities in the first year, 50%, in the second year,and 40%, in the third year.
5.High-tech enterprises established by the various colleges and universities, by the science and research institution and by the Other enterprises, which develop new products and have paid VAT. can get a 100% refund kept by the local finance authorities as an award during the first 3 years, and 50%, from the fourth year to the sixth year.
6.The housing property tax paid by the domestic enterprises when they build or purchase the new housing property shall be refunded to the enterprises by Green Industrial Park for 3 years. The self-utilized housing property tax paid by the high & new tech enterprises shall be refunded by Industrial Park for 5 years starting from following month of the purchasing or completion.
7.In the Industrial Park, all the technically-reformed enterprises conforming to the national industrial policies, 40% of domestically-made equipment used in the project according to the relevant regulations can be compensated from the enterprises income tax. The term can not be longer than 5 years.
8.Since the profitable year, the income tax of newly-built public utility enterprises will be exempted for the first year. A further reduction shall be granted in the second year.

Other Preferential Treatment:

1.Based on the original land transferring price US$18 per square meter, the price in Green Industrial Park has been adjusted to US $15 per square meter, and in Metallurgical & Chemical Industrial Park, US $ 9 per square meter.
2.The land transferring fee and payment terms can be one case, one negotiation if the land is used by the electronic industry, high & new tech industry, world top 500 both home and abroad,and the project with over US $10 million investment (including US $10 million).
3.The Industrial Parks are fee free areas and the enterprise can be approved by one-stop station. All the relevant administrative and operational fees will be exempted during the construction and examination period.
4.The Industrial Parks are managed centrally and all the fees are collected unitedly. All the relevant units and institutions can not supervise, examine and collect fees without permission of the Administrative Committee.
5.Security and permanent citizenship are managed centrally by Public Security Bureau inside of industrial parks. The employee who has worked over one year can obtain the permanent citizenship free of charge.
6.The investors' children can enjoy the local citizen's treatment for the enrollment in the nearest schools and Kindergartens without additional charges.
7.Fund Assurance Center for Small and Medium Sized Enterprises has been set up in Yingkou Development Zone, which gives financial support to enterprises in the Industrial Parks that conform to certain conditions.
Please consult with this policy if the previous one does not conform to this one. It can be interpreted by BOFTEC BYQ.