Investment acceleration Method for Sheyang Economic Development Zone, Jiangsu Province

　　In order to encourage investors at home and abroad to invest, establish businesses and develop together in Sheyang Economic Development Zone, and based on the implementation for relevant policies of State, province, and municipality, the Method is proposed for the investors at home and abroad who ever invested and established businesses in Sheyang Economic Development Zone, Jiangsu Province for more than 10 years as follows:

　　For those who invest one-off fixed assets more than 30 millions Yuan or those who have run for over 10 years, and their revenues belong to the same level finance as the Economic Development Zone, the enterprises share rewards of finance and taxation are as follows:

　　(1) Income Tax  

　　Encourage establishing industrial projects. For any mobilized industrial enterprises, the retained portions of business income tax for the Development Zone execute or refer to "two exemptions, three halvings" policy since the business opening date. Encourage setting up infrastructure projects and scaling projects. For those infrastructure projects (such as: energy, traffic, irrigation, environmental protection and etc) which investment sum is larger than 20 millions Yuan and those industrial projects which fixed assets investment sum is larger than 50 millions Yuan, the retained portions of the beginning 3-year business income tax for the Development Zone are all rewarded to the enterprises themselves since the business opening date; and the retained portions of the subsequent 3-year business income tax for the Development Zone are rewarded to the enterprises by 50%. Encourage establishing large-scale occupational markets (such as productive resources, architectural materials and etc), three-star grade hotels or above, top-grade holiday tour arenas, and tour facilities with development character; then the retained portions of the business income tax for the Development Zone within 3 years are rewarded to the enterprises by 50% since the profit-making year. Encourage enterprises to make technical innovation. For the re-invested projects that have been mobilized in the Zone, based on reasonable authorization, the newly added parts will share the same financial & tax rewards as the above.

　　(2) Value-added Tax   

　　For high & new tech enterprises, it is preferential further in revenue. 50% retained portions of the actual value-added tax for the Development Zone within 3 years are rewarded to those industrial enterprises that acquired provincial level high & new tech products certificates; 80% retained portions of the actual value-added tax for the Development Zone within 5 years are rewarded to those industrial enterprises that acquired state level high & new tech products certificates (including innovation funds of Spark Program, Torch Program, technological type middle & small enterprises).  
　　The preferential policies described in the former Article will be executed since the date of approval by the authorized provincial & state ministries.
 
　　(3) Business Tax

　　For any large-scale occupational markets (such as productive resources, architectural materials and etc), three-star grade hotels or above, top-grade holiday tour arenas, and tour facilities with development character, 50% retained portions of the business tax for the Development Zone within the beginning 3 years are rewarded to the enterprises.
 
　　Land Supply

　　The land needed by various kinds of industrial & commercial enterprises that invest in the Developing Park carries out integrate programming, integrate confiscation, integrate development, integrate remise, and integrate management. When the land that the Development Zone supplies to the investors reaches "seven through, one plainness", the remising base price of industrial land use is 50,000Yuan/mou (including takeover land fees). According to different conditions of investors, make allowance for the turnover land price.

　　(a) Investment scale. When the investment scale of one-off fixed assets of East Zone projects is no less than 30 millions Yuan; the investment scale of one-off fixed assets of West Zone projects is no less than 50 millions Yuan; and the investment scale of one-off fixed assets of productive projects reaches 40 millions Yuan (foreign capital is balanced as per the exchange rate of the time, same as the below), then the allowance of turnover land fees is 10%. Furthermore, additional 10% allowance is made when additional 10 millions Yuan is invested. The highest allowance is 30%.

　　(b) Investment strength. Based on the area of takeover land, the input amount each mou (workshop, office accommodation and production facilities) is beyond 1.2millions Yuan, then make allowance fees for the turnover land price by 10%.

　　(c) Technical content. For those enterprises that acquired provincial level high & new tech products certificates, the allowance of turnover land fees is 10%; and for those enterprises that acquired state level high & new tech products certificates (including innovation funds of Spark Program, Torch Program, technological type middle & small enterprises), the allowance of turnover land fees is 20%.  

　　 The allowance proportion of above items of land fees may be accumulatively balanced; and the highest allowance amplitude is no more than 40%.

　　Stipulated Fees

　　(a) Architectural stipulated fees. The architectural stipulated fees under jurisdiction of the Development Zone belong to the investment parts of enterprises, so it is halved to levy or exempt based on the scale of enterprises.

　　(b) Opening an account fees for water & electricity. Water volume-added fees and power allowance fees are exempt.

　　(c) Management fees for recruiting and using work force. The management fees for recruiting and using work force of labor, police and etc ministries are all exempt.

　　(d) Intermediate service fees. The intermediate service institutes of accountant, audit, assessment, lawyer, notary and etc within the County collect relevant fees as per the lowest standard checked and ratified by the Price Ministry.

　　Rewards for introducing capital

　　For the introducers (including natural person, enterprise or other units) who introduce investors to invest over 30 millions Yuan for industrial projects, the Development Zone will reward them 5‰ of actual capital sum after the project has been established and put into production. In addition, the introduced projects must meet the requirements of the Development Zone.

　　For those who directly provide information with some investment values, the Zone will reward them 3000~5000 Yuan after the enterprises have settled.

　　For main investors (personal investment sum covers over 50% of the whole one) of productive enterprises whose one-off investment sum reaches 50 millions Yuan, their children can directly enter and study at Shiyan Junior Middle School or Sheyang Middle school under the help of the Development Zone as long as their scores reach the additional enrollment lines without reference to where their registered permanent residences are; and the fees for choosing school are paid by the Development Zone. 

　　Others

　　The investment of investors at home and abroad significantly pushes the economy in the Development Zone to develop. And for those items which one-off investment sum reaches a hundred of million Yuan, we will take "one case, one way" method on land price, financial reward and etc. 

　　This Method will be put into execution since the date of Jan 1 2005. Items that enter the Zone before this Method is issued will be executed as per former methods. 

　　This Method is explained by the Management Committee, Sheyang Economic Development Zone, Jiangsu Province.