1. These preferential policies are made to promote the development of Xiangtan Comprehensive Bonded Zone (hereinafter referred to as the Zone).
2. Only corporations put into operation before September 31st, 2015 can enjoy these preferential policies.
3. Those industrial corporations in the Zone that comply with the standard of economical and intensive utilization of land and meet the requirements on investment intensity, output rate and tax targets will be preferred in land supply. Moreover, these enterprises can get their industrial land through public transfer at the lowest price standard in accordance with relevant national regulations. (if the land policies are in conflict with new national rules, they shall comply with the later. )
4. Corporations in the Zone whose annual volume of import and export exceeds 10 million dollars will be categorized into three levels, respectively those with an annual import-export volume of 10-50 million dollars (included), of 50 million to 100 million dollars (included) and of more than 100 million dollars. Qualified companies will be financially supported based on the policy of “one discussion for one case” according to the scale of their industrial land and their contribution to the Zone.
The verification of annual import-export volume of bonded processing companies will mainly refer to the statistics from the customs on the company’s actual import-export volume of the previous year.
5. Xiangtan Economic and Technological Development Zone will give different amount of rent subsidies to those companies that lease standard factories or warehouses in the comprehensive bonded zone:
(1) Those companies with an annual import-export volume of 10 million dollars will enjoy subsidies equal to the rent of the whole year in their first year of lease. In the second and the third year, they will enjoy subsidies equal to half of the rent of the whole year.
(2) Those with an annual import-export volume of 50 million dollars will enjoy subsidies equal to the rent of the whole year in their first year of lease. From the second to the fourth year, they will enjoy subsidies equal to half of the rent of the whole year.
6. For those companies in the Zone who has gone through the project application procedure and start construction within three months after land transfer, the fees they have paid for supporting urban infrastructure construction will be used for municipal infrastructure construction related to these corporations based on relevant provisions.
7. The administrative and institutional charging programs regulated by the country and the province explicitly stated that the non-tax revenue collected by the city shall be used to financially support companies by Xiangtan ETDZ through budget expenditure except the revenue not allowed to be returned as regulated by laws. Operational service fees will be charged at the lowest price standard in compliance with relevant policies.
8. Senior managers of those companies with an annual import-export volume exceeding 50 million dollars will be rewarded. The amount of the bonus will be based on the income tax they pay and follow the “one discussion for one case” principle.
9. The mechanism of vocational college oriented and order-oriented training shall be established. Training subsidies shall be given according to policies or regulations.
