The Preferential Policies of Encouraging Foreign Investment

• If the foreigner invest newly-built sino-foreign equity joint ventures and contractual joint venture and foreign wholly-owned enterprises and the original foreign investment enterprises extend investment and production scale (hereafter referred to as enterprises with foreign investment), they will be entitled to the preferential treatment provided in these regulations as well as the preferential polices formulated by the States.
• After the newly-built and extended foreign investment enterprises entitle the preferential treatment that nation provides ”free 2 reduce 3”, they are collected taxes in advance in three years, then repaid 50% of taxes.
• In three years from the foreign investment enterprisesput into production,the newly-increased accelerated profit tax that has been handed over by the enterprises belong to Qufu city will be returned to joint venture enterprises after taken off essential fees.The capital use for supporting enterprise development.
• In order to assure foreign investors to take back investment as soon as possible, in three years after foreign investment enterprises put into production. The Chinese can give away properly except distributing divided according to investment proportion. The proportion of given away is 5-10%.In the amount of investment over 2 million dollars, the proportion of given away is 10-20%.
• The construction soil of newly-built foreign investment enterprises need in Qufu (except real estate), can be taken soil use right by transferring, renting or government becoming a shareholder with soil etc. manners according to the concerned regulation.

>>more