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Changping issues preferential policy for the foreign investments

According to the relevant regulations of the state and Beijing City, the foreign businessmen who have invested in Beijing can enjoy the relevant priorities. They are mainly as the followings:

First, preferential policy for tax revenue

For high-tech enterprises registered in Zhongguancun Changping Science Park, approved by relevant departments, income tax is exempted for two years from the year making profits. After the exemption income tax is levied at 15%.

Second, preferential policy for talents

According to the relevant regulations of "The temporary special encouraging policy for the senior talents of foreign investment enterprises of Beijing to purchase houses and cars" issued in 2003, any personnel of China or foreign countries in accordance with the conditions can apply for the special reward for the senior talents of foreign investment enterprises of Beijing to purchase houses and cars. At the same time, the senior executives investing in Beijing can enjoy duty-free according to special encouraging policy for purchasing houses. The children of the senior executives investing in Beijing can enjoy the equal treatment as the examinee in Beijing. The workers in the foreign-investment enterprises and their children can participate in the ordinary joint graduation examination of high school in Beijing.

Third, preferential policy for the new high-tech enterprises

Beijing applies the confirming policy to the new high-tech enterprises and the transformation projects of new high-tech achievements. The municipality of Beijing appoints the special agency to confirm the new high-tech enterprises and the transformation projects of new high-tech achievements, and to provide the "one station" service to the new high-tech enterprises and the transformation projects of new high-tech achievements. Any confirmed new high-tech enterprises and confirmed transformation projects of new high-tech achievements can enjoy the relevant regulations of this policy.

According to the relevant regulations of " the notice on renovating the loan and paying interest to the new high-tech product technology in Beijing in 2004" issued by the commerce bureau of Beijing, Beijing will lengthen the service period of paying interest to the technological transformation loans to the manufacturing enterprises enlisted in the nation's new high-tech products, and pay interests to the manufacturing enterprises producing the products enlisted in the "export catalogues of the new high-tech product in Beijing".

Fourth, the preferential policy for general headquarters set up in Beijing by the trans-corporations

To the regional general headquarters of trans-corporation who have reinvested in this city with their profits after paying corporation income taxes, and according to the "several regulations about encouraging the setting up of general headquarters in Beijing by the trans-corporations", the financial department can return them drawbacks at a certain rate counted on their actual taxes paying to the local government, and on the bases of reinvestment drawbacks stipulated by the tax law. The regional general headquarters of trans-corporation can also enjoy the duty-free advantages.

Fifth, preferential policy for financing of small and medium-sized enterprises

The small and medium-sized enterprises of high developing speed of Zhongguancun in accordance with the regulations can obtain the discount loan from the management committee of Zhongguancun Science Park, namely the gazelle's plan. The main method of this plan is to offer the enterprises different rate of discount loan according to different credit grade. It applies the evaluation system of "five stars". Once the enterprise obtains the support of "gazelle's plan" for the first time, it is evaluated as the "one star enterprise". It can enjoy the discount loan interest at a rate of 20%. Then once it finishes one year's contract, it will be added a star, and the rate added 5%. The highest standard is "five stars enterprise" with the highest discount loan of 40%. At the same time, the cooperation bank also offer the downward floated interest of the "gazelle's plan" loan according to the above-mentioned evaluation rules. With one more star, 2.5% interest rate downward. The highest downward rate is 10%.

April 27, 2007

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