China Ningbo European Industrial City

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▲ Investment environment

·advantage of development
·Favorable policy
·Infrastructure
·Industrial environment
·Investment cost

Favorable policy

The foreign invested corporations in Cixi can enjoy the following favorable policies:

—— As for the foreign invested corporation whose total invested amount is between one million US Dollars (includes one million USD) and two millions USD, the government will refund 10% value-added output taxes within 2 years from the selling date and 20% for those two million or more than two million USD.

—— As for the manufacturing foreign invested corporation, the income tax rate will be 24%.

		—— The regional tax will be 10% of the corporation income tax. The manufacturing enterprises whose running period is over ten years and accords with the conditions of exempting from tax, after getting authorized can exempt from regional tax 5 years to 10 years from the profited year. ——As for the imported equipment used by themselves which belongs to the encouraged foreign invested project, it can exempt form tariff and value-added output tax on import .As for the imported materials exempted from tariff, they can exempt from the value-added output tax and consumption tax on import meanwhile. As for the consumable ones, they should be levied on but can exempt form consumption tax. NOTE ： There are so many favorable policies toward the foreign invested corporation that we cannot quote all policies here. But if you want to get more detailed information you can visit the following websites: http://www.zjnw.gov.cn 、 http://www.cx.zj.cninfo.net 、 http://www.xinhuanet.com
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—— The regional tax will be 10% of the corporation income tax. The manufacturing enterprises whose running period is over ten years and accords with the conditions of exempting from tax, after getting authorized can exempt from regional tax 5 years to 10 years from the profited year.

——As for the imported equipment used by themselves which belongs to the encouraged foreign invested project, it can exempt form tariff and value-added output tax on import .As for the imported materials exempted from tariff, they can exempt from the value-added output tax and consumption tax on import meanwhile. As for the consumable ones, they should be levied on but can exempt form consumption tax.

NOTE ： There are so many favorable policies toward the foreign invested corporation that we cannot quote all policies here. But if you want to get more detailed information you can visit the following websites:

http://www.zjnw.gov.cn 、 http://www.cx.zj.cninfo.net 、 http://www.xinhuanet.com