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Zhanjiang's Preferential Policies for Investment

Updated: 2014-12-24

Support for industrial projects

1. Enterprises, which have new industrial projects and generate at least 1 million yuan ($160,900) taxation annually, shall enjoy refunds for enterprise development for five consecutive years from the first profit-making year. During the first two years, enterprises will be subsidized at 100 percent of the local retention portion of their paid individual income tax; and during the remaining three years, they will be subsidized at 50 percent of the local retention portion of their paid individual income tax.

Enterprises in strategic emerging industries, such as high-end new-type electronic information, LED, new materials, biology, and energy conservation and environmental protection, will be refunded with 100 percent of the local retention portion of their own individual income tax for five consecutive years from the first profit-making year.

The funds given to enterprises in the next year are from municipal and district-level finance bureaus by a ratio based on the fiscal system.

2. Enterprises, which have new industrial projects, shall enjoy refunds of 10 percent of the local retention portion of their paid value-added tax and business tax for five consecutive years from the start of operations. Fortune Global 500 companies, which invest in foreign investment projects, shall be refunded 20 percent of the local retention portion of their paid value-added tax and business tax for five consecutive years from the start of operations.

The funds given to enterprises in the next year are from municipal and district-level fiscal administrations by a ratio based on the fiscal system.

3. Zhanjiang encourages areas under its jurisdiction, industrial parks, and industrial cluster areas to legally develop land and industries, and attract investment to develop contiguous industrial parks or industrial clusters, and build standard plants:

(1) Land-transfer fees that are turned in to the national treasury by project owners are refunded to management committees of industrial parks (industrial cluster areas) for infrastructure construction after deducting the payment and operating expenses according to relevant policies.

(2) Project owners shall pay support fees for urban infrastructure construction in full, except those projects in the provincial industrial transfer park. After deducting 4 percent of the payment as handling fees, 50 percent of the remaining sum shall be refunded to management committees of industrial parks (industrial cluster areas) by the municipal finance bureau for infrastructure construction.

(3) Areas under Zhanjiang’s jurisdiction, industrial parks, and industrial cluster areas that develop contiguous industrial parks or cluster areas shall get financial support from the municipal finance bureau for inviting investment and perfecting the infrastructure.

(4) Areas under Zhanjiang’s jurisdiction, industrial parks, and industrial cluster areas that build standard plants for rent shall be subsidized with water, power and gas use, as well as the plant’s rent and other relevant fees.

Support for commodity circulation projects

1. Any domestic and international large enterprises or influential intermediary service institutions that set up enterprise headquarters (or regional headquarters), settlement centers, research and development centers, data centers, business processing centers, procurement centers, logistics distribution centers, etc. shall be preferentially arranged in corresponding cluster areas and enjoy one-time rewards for their settlement provided by the municipal finance bureau.

2. Modern service enterprises are encouraged to develop on a large scale. Modern service enterprises that are managed by groups of enterprises shall enjoy convenience when organizing and performing their industrial and commercial registration and support of a financial fund.

3. During the following five years from 2011, new commercial logistics projects with actual investment of over 100 million yuan in Zhanjiang shall enjoy one-time capital support for corporate development – 10 percent of the local retention portion of their paid business tax and added value tax in the year when they are put into operation, with a maximum of 2 million yuan.

Support for tourism projects

Tourism projects include: tourist attractions; starred hotels; travel agencies; travel vehicles and vessels; cultural, recreational and sport facilities; public travel service facilities; and other tourism projects identified by relevant departments of the municipal government.

New tourism projects shall be refunded 30 percent of the local retention portion of their paid income tax for reproduction during the following three years from their start of operations. New tourism projects with investments of over 100 million yuan shall be refunded 80 percent, 50 percent, and 30 percent of the local retention portion of their paid business tax during the following three years from their operation, respectively. The capital is refunded by municipal and district-level finance bureaus by a ratio according to the fiscal system in the next year.

Support for financial projects

Financial institutions refer to banks, securities companies, insurance companies, fund management companies, futures companies, trust companies, etc. The new financial institutions in urban districts shall enjoy allowances for organizational costs.

1. Financial institutions that set up headquarters in the downtown area shall enjoy one-time allowances of 1 percent of their registered paid-in capital, with a minimum of 1 million yuan and a maximum of 5 million yuan (headquarters of financial institutions refer to banks, securities companies, insurance companies, fund management companies, futures companies and trust companies, which have legal personalities and are registered in Zhanjiang as well).

2. Financial institutions that set up regional headquarters or business headquarters in the urban district shall enjoy one-time allowances worth 1 million yuan.

3. Financial institutions that set up business departments or subsidiary companies in the urban district shall enjoy one-time allowances worth 300,000 yuan. Financing guarantee companies and small loan companies, which have legal representation in the urban district, shall enjoy one-time allowances worth 300,000 yuan. Financing guarantee companies and small loan companies that set up branches in the urban district shall enjoy one-time allowances worth 100,000 yuan.

New industrial, commercial and trade enterprises in the urban district, especially those in strategic emerging industries such as new-type electronics, LED, new material, biology, energy conservation and environment protection, shall enjoy priority of application for special funds in technological research and development, renovation, and innovation, brand development, platform construction, among others.

For projects that are introduced by the municipality or districts and located in districts, the ratio of the retention portions of tax shall comply with the current fiscal management system delivered by the municipal government to district-level governments. In the event that the fiscal system is adjusted, the ratio of retained portions of tax shall be adjusted accordingly; affairs related to projects transferred between districts shall be dealt with through negotiation between the two districts.

Enterprises are encouraged to get listed, and the enterprises with headquarters in Zhanjiang shall receive one-time awards of 3 million yuan.

Newly added agricultural projects are subject to stipulations in Article 3.

Support for industrial projects

1. Enterprises, which have new industrial projects and generate at least 1 million yuan ($160,900) taxation annually, shall enjoy refunds for enterprise development for five consecutive years from the first profit-making year. During the first two years, enterprises will be subsidized at 100 percent of the local retention portion of their paid individual income tax; and during the remaining three years, they will be subsidized at 50 percent of the local retention portion of their paid individual income tax.

Enterprises in strategic emerging industries, such as high-end new-type electronic information, LED, new materials, biology, and energy conservation and environmental protection, will be refunded with 100 percent of the local retention portion of their own individual income tax for five consecutive years from the first profit-making year.

The funds given to enterprises in the next year are from municipal and district-level finance bureaus by a ratio based on the fiscal system.

2. Enterprises, which have new industrial projects, shall enjoy refunds of 10 percent of the local retention portion of their paid value-added tax and business tax for five consecutive years from the start of operations. Fortune Global 500 companies, which invest in foreign investment projects, shall be refunded 20 percent of the local retention portion of their paid value-added tax and business tax for five consecutive years from the start of operations.

The funds given to enterprises in the next year are from municipal and district-level fiscal administrations by a ratio based on the fiscal system.

3. Zhanjiang encourages areas under its jurisdiction, industrial parks, and industrial cluster areas to legally develop land and industries, and attract investment to develop contiguous industrial parks or industrial clusters, and build standard plants:

(1) Land-transfer fees that are turned in to the national treasury by project owners are refunded to management committees of industrial parks (industrial cluster areas) for infrastructure construction after deducting the payment and operating expenses according to relevant policies.

(2) Project owners shall pay support fees for urban infrastructure construction in full, except those projects in the provincial industrial transfer park. After deducting 4 percent of the payment as handling fees, 50 percent of the remaining sum shall be refunded to management committees of industrial parks (industrial cluster areas) by the municipal finance bureau for infrastructure construction.

(3) Areas under Zhanjiang’s jurisdiction, industrial parks, and industrial cluster areas that develop contiguous industrial parks or cluster areas shall get financial support from the municipal finance bureau for inviting investment and perfecting the infrastructure.

(4) Areas under Zhanjiang’s jurisdiction, industrial parks, and industrial cluster areas that build standard plants for rent shall be subsidized with water, power and gas use, as well as the plant’s rent and other relevant fees.

Support for commodity circulation projects

1. Any domestic and international large enterprises or influential intermediary service institutions that set up enterprise headquarters (or regional headquarters), settlement centers, research and development centers, data centers, business processing centers, procurement centers, logistics distribution centers, etc. shall be preferentially arranged in corresponding cluster areas and enjoy one-time rewards for their settlement provided by the municipal finance bureau.

2. Modern service enterprises are encouraged to develop on a large scale. Modern service enterprises that are managed by groups of enterprises shall enjoy convenience when organizing and performing their industrial and commercial registration and support of a financial fund.

3. During the following five years from 2011, new commercial logistics projects with actual investment of over 100 million yuan in Zhanjiang shall enjoy one-time capital support for corporate development – 10 percent of the local retention portion of their paid business tax and added value tax in the year when they are put into operation, with a maximum of 2 million yuan.

Support for tourism projects

Tourism projects include: tourist attractions; starred hotels; travel agencies; travel vehicles and vessels; cultural, recreational and sport facilities; public travel service facilities; and other tourism projects identified by relevant departments of the municipal government.

New tourism projects shall be refunded 30 percent of the local retention portion of their paid income tax for reproduction during the following three years from their start of operations. New tourism projects with investments of over 100 million yuan shall be refunded 80 percent, 50 percent, and 30 percent of the local retention portion of their paid business tax during the following three years from their operation, respectively. The capital is refunded by municipal and district-level finance bureaus by a ratio according to the fiscal system in the next year.

Support for financial projects

Financial institutions refer to banks, securities companies, insurance companies, fund management companies, futures companies, trust companies, etc. The new financial institutions in urban districts shall enjoy allowances for organizational costs.

1. Financial institutions that set up headquarters in the downtown area shall enjoy one-time allowances of 1 percent of their registered paid-in capital, with a minimum of 1 million yuan and a maximum of 5 million yuan (headquarters of financial institutions refer to banks, securities companies, insurance companies, fund management companies, futures companies and trust companies, which have legal personalities and are registered in Zhanjiang as well).

2. Financial institutions that set up regional headquarters or business headquarters in the urban district shall enjoy one-time allowances worth 1 million yuan.

3. Financial institutions that set up business departments or subsidiary companies in the urban district shall enjoy one-time allowances worth 300,000 yuan. Financing guarantee companies and small loan companies, which have legal representation in the urban district, shall enjoy one-time allowances worth 300,000 yuan. Financing guarantee companies and small loan companies that set up branches in the urban district shall enjoy one-time allowances worth 100,000 yuan.

New industrial, commercial and trade enterprises in the urban district, especially those in strategic emerging industries such as new-type electronics, LED, new material, biology, energy conservation and environment protection, shall enjoy priority of application for special funds in technological research and development, renovation, and innovation, brand development, platform construction, among others.

For projects that are introduced by the municipality or districts and located in districts, the ratio of the retention portions of tax shall comply with the current fiscal management system delivered by the municipal government to district-level governments. In the event that the fiscal system is adjusted, the ratio of retained portions of tax shall be adjusted accordingly; affairs related to projects transferred between districts shall be dealt with through negotiation between the two districts.

Enterprises are encouraged to get listed, and the enterprises with headquarters in Zhanjiang shall receive one-time awards of 3 million yuan.

Newly added agricultural projects are subject to stipulations in Article 3.

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