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Incentives for Promoting High Quality Industrial Projects in Beilun

I. The investment subject shall conform to one of the following conditions:

(1) Fortune 500 companies and their affiliated companies;

(2) Excellent multinational companies and international industry leading companies;

(3) Government-controlled firms and domestic industry leading enterprises;

(4) Regional superior backbone enterprises with the strength and capability to invest in high-quality industry projects;

(5) Other domestic and international enterprises that conform to investment conditions.

II. Investment projects that enjoy this policy shall conform to the following conditions:

(1) They shall conform to a trend of industry development in our district, with strong comparative advantages and core competitiveness;

(2) They shall conform to requirements for encouraged projects in terms of national, provincial and municipal industry-related guidance catalogues, and requirements for relevant land, environmental protection, energy conservation, emission reduction, and safety;

(3) They shall conform to clear high-quality project conditions that are mainly introduced during industrial planning in Beilun District (Development Zone);

(4) They shall conform to requirements for major projects and key projects required for transformation and upgrading of Beilun District (Development Zone).

III. Support policies

(1) For the advanced manufacturing projects of newly acquired land, when the investment intensity of fixed assets and the average tax revenue per mu meet prescribed requirements, investment subsidies that are of the fixed assets and within 20% of the amount invested of the fixed assets are given through comprehensive assessment and based on the investment scale, investment intensity, contribution degree, technical advancement, and radiation driving effect of the projects. Advanced manufacturing projects that are not of the newly acquired land are conducted through reference or comparison.

(2) For the eligible advanced manufacturing projects that are of the leased factory building (with no less than five years of a lease term), when the tax output intensity meets prescribed requirements, investment subsidies that are of the fixed assets and within 10% of the amount invested of the fixed assets are given through comprehensive assessment and based on the investment condition, contribution degree, technical advancement, and radiation driving effect of the projects.

(3) For the eligible high-quality modern service industry projects that acquire and lease office buildings and sites for business operation, when the contribution degree to the local community and the radiation service effect to the local community meet the prescribed requirements, a support within 5% of the business volume (amount of sales) is given through comprehensive assessment. For functional modern service projects including people's livelihoods and platforms, investment subsidies within 10% of the amount invested of the fixed assets and specific rent subsidies are given through comprehensive assessment and based on completion of functional indicators.

IV. Play the role of intermediary service agencies and individuals

(1) Encourage intermediary service agencies to participate in the work of investment promotion in our district. Every year, pay specific consulting service fees for a well-positioned and well-known intermediary service agency that has established long-term cooperative relationships with our district.

(2) When the high-quality projects promoted by the intermediary service agencies are located in our district and are land acquisition projects, the intermediary service agencies will receive a reward within 6‰ of the actual registered capitals of the projects; for the projects that are the leased projects and have no less than five years of the lease term, the intermediary service agencies will receive a reward within 3‰ of the actual registered capitals of the projects.

(3) When the high-quality projects introduced by the individual are located in our district and an introducer makes an important contribution in a project promotion process, the introducer will receive a reward within 2‰ of the actual registered capitals of the projects based on the investment scale of the project and the role of the individual during promotion. Reward funds include personal income taxes.

For details, please refer to Support Policies for Attracting Special Funds of High-Quality Industry Projects in Beilun District (Development Zone).