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Langfang Economic and Technological Development Zone

2012-1-17 11:46:18    Hits:

 (1) Langfang Economic and Technological Development ZoneLangfang Economic and Technological Development Zone is located between capital Beijing and Tianjin. There is the Jing-Jin-Tang Expressway which was praised as gold channel of the Republic passing through. Laid the foundation on June 26, 1992, Langfang Development Zone, at present, gathered more than 1,500 enterprises from over 30 countries and regions. It has been an important window for Hebei Province to open to the outside world and the lead for Langfang economic construction. The Zone is successively approved as “China Youth Technological Innovation Activity Demonstration Base”, “Langfang Information Industry Base in National Torch Plan”, “Hebei Province Service Outsourcing Demonstration Area” and country-level “Langfang Export Processing Zone”.

 On July 20, 2009, approved by the State Council, Langfang Economic and Technological Development Zone was improved to a country-level Economic and Technological Development Zone.

 Preferential Policy for Inviting Investment   Projects which contain high-tech, high additional value and correspond to National Industry Policy and the Industrial Development Plan for Development Zone will get benefits from the preferential policies drew up by Langfang Economic and Technological Development Zone. That is: on the basis of executing the present state-level development zone policy and contribution made by enterprises, the Zone provides financial support to enterprises' innovation development for the key projects of industrial pillar, high-tech manufacturing and high-tech service projects of Hebei province which have high scientific and technological content and powerful industrial driving force. Preferential policy will be applicable to land, tax, customs clearance, settlement of exchange, financial and talents introduction, etc. And the Zone will also provide one-stop service for the whole process of project signing, starting, approving, construction as well as production and management.

 Ⅰ. According to National Standards for the Minimum Transfer Prices of Land for Industrial Purposes, Langfang Economic and Technological Development Zone is at the 8th place of land grade, and the minimum transfer price is RMB 168,000 Yuan/mu.

 Ⅱ. According to Enterprise Income Tax Law of the People's Republic of China which went into effect on January 1st, 2008 and Enterprise Income Tax Law and Implementation Rules of the People's Republic of China, the rate of income tax levied from domestic and foreign enterprises shall be unified to be 25%, in addition, high-tech enterprises which are the state focusing on support will be levied the enterprise income tax by the reduced rate of 15%.

 Ⅲ. Preferential Policies for Some Other Industries(1) Software Industry: According to State Council on Issuing Several Policies on Further Encouraging the Development of the Software and Integrated Circuit Industries (No. 4[2011] of the State Council)① New software manufacturing enterprises within the territory of China shall, upon determination, enjoy the preferential policy on enterprise income tax of “2-year exemption and 3-year half payment” from the first profit-making year.

 ② For general taxpayer of value added tax that sell software products developed and produced on their own, the part of the actual tax burden exceeding 6 percent shall all be refunded right after its collection after the tax is levied according to the 17 percent statutory tax rate.

 ③ We shall exempt qualified software enterprises and integrated circuit design enterprises which engage in such businesses as software development and testing, information system integration, consultation.

 (2) Integrated Circuit Industry: According to State Council on Issuing Several Policies on Further Encouraging the Development of the Software and Integrated Circuit Industries (No. 4 [2011] of the State Council).

 ① The new software manufacturing enterprises within the territory of China shall, upon determination, enjoy the preferential policy on enterprise income tax of “2-year exemption and 3-year half payment”.

 ②An integrated circuit production enterprise which produces integrated circuits with line width of 0.8?m (or smaller) shall, upon determination, be exempted from enterprise income tax for the first 2 years as of the first profit-making year and shall pay enterprise income tax at the reduced half of the statutory tax rate of 25% for the third to the fifth years.

 ③An integrated circuit production enterprise which produces integrated circuits with line width of less than 0.25?m or has an investment of more than 8 billion Yuan shall, upon determination, pay enterprise income tax at the reduced rate of 15%, and if the business period lasts 15 year or longer, it shall be exempted from enterprise income tax for the first 5 years as of the first profit-making year and shall pay enterprise income tax at the reduced half of the statutory tax rate of 25% for the sixth to the tenth years.

 (3) Financial Industry (According to Several Policies on Encouraging the Innovation Development of the Financial Industry of 'Lang & Fang' Financial Street)① The financial institutions newly established in or relocated to 'Lang & Fang' Financial Street which are independent legal entities will be granted one-off subsidies. Those with the registered capital of RMB 1,000 million (inclusive) Yuan or above will be granted RMB 20 million Yuan. Those with the registered capital below RMB 1,000 million and above RMB 500 million (inclusive) Yuan will be granted RMB 15 million Yuan. Those with the registered capital below RMB 500 million Yuan and above RMB 100 million (inclusive) Yuan will be granted RMB 5 to 10 million Yuan.

 The financial institutions or representative office of foreign banks newly established in or relocated to 'Lang & Fang' Financial Street which are not independent legal entities will be granted one-off subsidies for RMB 0.5 to 2 million Yuan.

 ② The financial institutions newly established in or relocated to 'Lang & Fang' Financial Street who purchase self-use real estate for offices over 1,000 square meters (calculated according to the construction area for office and business use) will be granted housing subsidies of 10% of the actual purchasing price for per square meter. Area subsidized is no more than 5,000 square meters. Subsidy time is subject to the issuing date of Housing Ownership Certificate.

 ③ The financial institutions newly established in or relocated to 'Lang & Fang' Financial Street who rent offices over 1,000 square meters (calculated according to the construction area for office and business use of the buildings) will be granted rental subsidies for three years. The subsidy standard is 20% to 30% of the actual rental price. The amount and time of subsidy are subject to the leasing contract.

 ④ Senior financial management personnel, having maintained employment over successive two years with financial institutions newly established in or relocated to 'Lang & Fang' Financial Street, who purchase commodity houses and cars at the Development Zone for the first time, will be subsidized by the financial sector of the Development Zone according to the portion locally retained of the income tax on the previous annual personal income from wages and salaries. The highest subsidy equals to the actual amount paid of commodity houses and cars.

 Industries Encouraged for Priority DevelopmentⅠ. Electronic Information Industry (Data Communication Equipment manufacture, digital mobile communication network equipment manufacture, consumer electronics, automotive electronics, medical electronics products manufacture, new electronic components manufacture, development and production of software, testing and service etc.)Ⅱ. Mechanical Equipment Manufacturing (the key technology development and manufacture of assemblies and parts of automobiles and motorcycles, production of special purpose working vehicles, manufacture of key parts and numerical control machine, development and manufacture of precise instrument, manufacture of various special equipment).

 Ⅲ. New Energy Industry (manufacture of clean power generation equipment, technology development and manufacture of energy-saving product, technology development and manufacture of green lights product).

 Ⅳ. Modern Service Industry (headquarters, R&D center, service outsourcing, modern logistics and financial service).

Hosted by People’s Government of Langfang City
Undertaken by Office of People’s Government of Langfang City and Development & Reform Commission of Langfang City
Developed and Maintained by the Economic Information Center of Langfang City
Translated by Good Friends Translation Service Co., Ltd. of Langfang City