Preferential Policies For Registered Companies In Baoshan District, Shanghai

Preferential policies for registered companies in Baoshan District, Shanghai:

1. in Baoshan District, Shanghai, a registered foreign invested company shall be subject to enterprise income tax at a rate of 24%. If the business period is over ten years, the enterprise income tax shall be exempted within two years from the profit making year, and the enterprise income tax shall be levied within third to fifth years.

2. registration of "export oriented" and "technologically advanced" companies in Baoshan District, Shanghai, will be exempted from local income tax during the period of exemption from corporate income tax under the state tax law. After the expiration of the above tax exemption, local income tax shall be exempted from and reduced by half for three years.

3. registration of "export oriented" and "technologically advanced" companies in Baoshan District, Shanghai will be exempt from land use fees within three years from the date of issuance of business licenses.