Favorable policies

Besides those by the state, Anqiu municipal government has set out more favorable policies. Our goal is we provide the same policies in other areas and make new polices not existing in other areas.

Favorable policies on tax

1.        Newly-established productive enterprises with over 500

thousand RMB yuan of registered capital shall be rewarded with a remuneration equal to 60% of the value added tax within 5 years from the date of operation, the total of local income tax within 3 years and 50% within the following 2 years from the date of gaining profit. Newly-established enterprises confirmed as high and new technology projects, advanced technology enterprises or export-oriented enterprises shall be rewarded the total of the value added tax and their total contribution to the local in the first 5 years from the date of operation, the total of their contributions for their income tax in the first 5 years and rewarded with 50% from the 6th year if they are up to the rules.

 2. Newly established service enterprises with foreign investment of 500 thousand RMB yuan for registered capital shall be offered a reward equal to the total of their contributions to the local revenue in the first 3 years and 50% on the following 2 years.

Favorable policy on administration fee

Projects of 10 million RMB yuan to 30 million RMB yuan,

the administrative fee from project decision, approval and construction is collected by 50% of the level by the state.

Projects of 30 million RMB yuan and above or high-tech or

the top-500 invested projects, the administrative fee from project decision, approval and construction is free.

3 For projects in the development zone, the administrative fee is free except for water resource fee, sewage treatment fee after operation.

Favorable policy on land

For investment from 10 million RMB yuan , the general land price in

the development zone is 24.6 thousand RMB yuan. For industrial projects over 10 million RMB yuan or high-tech projects, favorable land prices shall be offered in accordance with the investment amount. For investment over 100 million RMB yuan, more favorable policies shall be provided