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¡¡¡¡1.An enterprise can enjoy preferential policies granted by the State.the provincial Government and the Municipal Government.
¡¡¡¡2.The confirmed hi-tech enterprises within the park shall enjoy the preferential policies stipulaterd by Hangzhou Hi-tech industry Development Zone.The procedure and condition for the qualification of hi-tech enterprises refer to "the Detailed Regulations of Hangzhou Hi-tech industry Development Zone.The procedure and condition for the qualification of hi-tech enterprises"(ZKHF [1993] No.128).
¡¡¡¡3.An enterprise can obtain the paid land use right at a favorable prices decided by Administrative Committee of the park according to industry structure,enterprise scale,technologic amount and tax payment of the enterprise.
A recognized hig-tech enterprise of the municipallevel cn enjoy a priference of 5% - 15% off land price.
An enterprise ,expropriating land more than 50 mu at the same time and the investment value over30 million RMB,can use land only with 30% total payment,pay a 40%within one week after obtaining land license,and pay the rest within oneyear after the land offering, As for investors outside the district (development project encouraged by the district) can transact land use procedures after 50%of total payment.
¡¡¡¡4. A recognized high-tech enterprise can enjoy free usage of standard plants in the first year,50% payment in the second year,70%payment in the third year.Retrrned overseas students abd scholars with high and new tech projects can enjoy free residence for 2 years and half free at the third year.
¡¡¡¡5.Concerning manufacturing or high-tech projects with an operation term over 10 years,from the first profit-making year,the enterprise income tax will be 100% exempted for 2 years,From the third to the fifth year,100% of the income tax(refered to the part left to local )paid could be subsidized by the district tax authority .From the sixth to the tenth year, a maximum of 50% of the income tax paid could be subsidized by the district tax authority .As for the imported own-use machinery and equipment in accordance with the total investment of the company,the tariff and import VAT could be 100% subsidized by the local tax authority ,through the refund of paid tax after the starting of business poeration.
¡¡¡¡6. Encourage foreign investors to increase capital or shares.if a manufacturing enterprise increased investment or registered capital ,the profit of the increased part can enjoy preferential policees of the projects of the same kinds.
A foreign investor who reinvests his profits share to this company,to increase the registered capital or to establish anew company with an operation term not less than 5 years, the 40% of the paid income tax of the reinvestment share could be refunded.Further more ,a maximum subsidy of 30% of hte paid income tax could be granted by the tax authority.
As for the foreign capital inceased over USD 0.8 million(only for high-tech enterprises )with a minimum operation term of 5 years,100% of the paid income tax for the invreased share could be refunded.
¡¡¡¡7.The enterprise runners and their families from other parts of the country may move their domicile registraion into Hangzhou according to current policies.Their children can go to school as the same of citizens of Shangcheng District.The District personnel department also gives priority to talents attracted by enterprises in the park.

 

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