Details of Preferential Policy on Investment and Business Attraction of Xiangtan Comprehensive Bonded Zone

Updated: 2016/9/30 11:04:53
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I. Preferential policies for enterprises to purchase land to build plants and warehouse in Xiangtan CBZ:

1. The enterprise which satisfies requirements on economically and intensively use of land, investment amount, export and import volume, output value, sales revenue, tax payment, etc, enjoys priority to purchase land at prices stipulated in National Standards for the Minimum Transfer Prices of Land for Industrial Purposes (Number:Guo Tu Zi Fa [2006] No. 307).

2. According to provisions in Several Opinions of the State Council on Promoting Foreign Trade Steady Development (Guo Fa [2016] No. 27), the processing and trade enterprises can pay the transfer prices of land for industrial purposes by instalments. The industrial projects satisfying requirements of preferential development industries confirmed by Xiangtan and intensively use of land enjoys preferential price of no less than 70% of the price stipulated in relevant standards.

3. According to the land scale and contributions of enterprise, two different kinds of special support, subject to approval from leaders of municipal government, will be given to enterprise whose annual import and export volume (refer to actual import and export volume recorded by customs for last year, similarly hereinafter) reaches US$ 10-50 million (inclusive) or US$ 50-100 million (inclusive); special support, subject to decision of executive meeting of municipal government), will be given to enterprise whose annual import and export volume reaches more than US$ 100 million.

II. Preferential policies for enterprises to rent standard plants, warehouse and bonded goods center store in Xiangtan CBZ:

1. The enterprise whose annual import and export volume (Note: the whole year commences from the date of formal operation) reaches US$ 10 million and annual import and export volume for subsequent years reaches no less than US$ 10 million, enjoys free rent for the first year and 50% of rent for the second and third year to rent standard plants and warehouse in Xiangtan CBZ.

2. The enterprise whose annual import and export volume (Note: the whole year commences from the date of formal operation) reaches US$ 50 million and annual import and export volume for subsequent years reaches no less than US$ 50 million, enjoys free rent for the first year and 50% of rent for the second, third and fourth year to rent standard plants and warehouse in Xiangtan CBZ.

3. The enterprise which signed cooperation agreement and paid guarantee deposit and whose annual import and export volume (Note: the whole year commences from the date of formal operation) reaches US$ 3 million and annual import and export volume for subsequent years reaches no less than US$ 3 million, enjoys free rent for the first, second and third year (Note: the whole year commences from the date signing lease contract) and 50% of rent for the fourth and fifth year to rent bonded goods center store in Xiangtan CBZ; the tax paid by the enterprise to Xiangtan Economic and Technical Development Zone within five consecutive accounting years (commencing from the date registered in Xiangtan CBZ) will be used as construction capital to reward the enterprise.

III. Preferential Policies to Support Foreign Trade Development:

1. General Trade: According to Circular of the Xiangtan Municipal People’s Government Office on Several Policies and Measures to Promote Steady Growth of Foreign Trade (Tan Zheng Ban Fa [2015] No. 45), the enterprise whose current annual import and export volume reaches great breakthrough, enjoys RMB0.015 reward for each US dollar of actual import and export amount; the enterprise whose last annual import and export volume was below US$ 5 million and year-on-year growth was up to 100%, last annual import and export volume was US$ 5-10 million and year-on-year growth was up to 50%, last annual import and export volume was US$ 10-30 million and year-on-year growth was up to 40%, or last annual import and export volume was more than US$ 30 million and year-on-year growth was up to 30%, enjoys RMB0.015 reward for each increment US dollar.

2. Processing Trade: According to provisions of reward policies issued by Hunan Provincial Business Department, fixed amount rewards will be granted to newly increased export amount.

Cross-border E-commerce: Before 16th March 2017, the cross-border e-commerce enterprise which uses Xiangtan CBZ BC direct purchase platform to handle with customs clearance procedures, enjoys free charge. According to provision of document coded Tan Zheng Ban Fa [2015] No. 45, the cross-border e-commerce enterprise or cross-border e-commerce platform enterprise which is registered in Xiangtan CBZ and whose annual import and export volume reaches US$ 5 million in the first year, enjoys RMB0.015 reward for each US dollar, and RMB0.015 reward for each increment US dollar in case of continuous increase.

The preferential policy takes into effects on the date of promulgation. The national and provisional policies should prevail in case of adjustment.

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