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    Preferential Policies For Registered Companies In Jinshan District, Shanghai

    2009/5/8 14:05:00 42026

    Preferential policies for registered products export companies and advanced technology companies in Jinshan District, Shanghai:

    According to the regulations of the government departments, foreign invested enterprises are recognized as "two types of enterprises" and can enjoy the following benefits:

    (1) "two types of enterprises" shall be exempt from the state's subsidies to workers other than in accordance with the provisions of the state.

    (2) Limited provision of water, electricity, pportation conditions and communication facilities needed for production and operation.

    3. Short term revolving funds that need to be borrowed in production and circulation and other necessary credit funds will be given preferential loans after examination by the Bank of China.

    (4) after the expiration of the enterprise income tax granted by the product exporting enterprises in accordance with the state regulations, the enterprise income tax can be reduced by half of the current export tax rate when the sales volume of the enterprise's export products reaches more than 70%.

    (4) after the expiry of the enterprise income tax granted by the advanced technology enterprise according to the state regulations, the enterprise income tax can be reduced by half by three years.

    The special economic zones, the economic and technological development zones, and other export enterprises and advanced technology enterprises that have paid the enterprise income tax at 15% of the tax rate shall pay the enterprise income tax at a rate of 10%.

    The "two types of enterprises" that have obtained the right to use land in the form of expropriation or allocation may enjoy preferential treatment of land use fee reduction and exemption according to the land class.


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