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Incentive Policies

1)Various investment-attraction comp-anies or consultants may be invited or employed in the name of development zones approved by Qingyuan municipal government. Investment-attraction intermediary service network should be set up in comparatively developed areas in and out of the country to attract more investments. Investment should be attracted by making full play of advantages as in business, resources, and investment environments.

2) In order to make full play of initiative of all walks of life, non-governmental investment-attraction consultant companies are encouraged to set up to attract more foreign and individual fund to Qingyuan for investment.

3) Special fund for investment -attraction will be set up. 10% of the net proceeds of land use right transfer in city proper of Qingyuan, Qingcheng district and Qingxin county will be drawn as rewarding fund for business attraction. The fund in the special account will be at disposal of governments at different levels for rewarding business-attraction.

4) Investment-attraction companies or investment-attraction attractors (both at home and abroad) employed in the name of governments at different level or development zones approved by municipal government will be rewarded according to ranks as listed below, if the investment-attraction companies or investment-attraction attractors successfully attract foreign capital (referred to as policy-unrelated capital outside Qingyuan) to city proper of Qingyuan (including Qingcheng district and Qingxin county) on projects that are not restricted by the country for pollution, and that the local reserve of value-added (business) and corporate income taxes levied is 1 million yuan or above, or that the export value amounts to US$ 1 million or above (with deduction of the amount of export by agency), or that the investment in actual operation in the first phase amounts to US$ 30 million or above, and what's more the projects introduced are within 20 months from signing of contract to operation.

(1) A lump-sum payment of 100,000 yuan will be rewarded to investment-attraction companies or investment-attraction attractors, if the local reserve of the value-added and corporate income taxes levied on the industrial projects in the first calendar year (calculated in 12 months) after the projects are put into operation amounts to 1 million yuan or above. A lump-sum payment of 150,000 yuan will be rewarded if the local reserve of the value-added and corporate income taxes levied on the projects in the first calendar year amounts to 3 million yuan or above. A lump-sum payment of 200,000 yuan will be rewarded if the local reserve of the value-added and corporate income taxes levied on the projects in the first calendar year amounts to 5 million yuan or above.

(2) A lump-sum payment of 100,000 yuan will be rewarded to the investment-attraction companies or investment-attraction attractors who have attracted imp & exp-oriented projects with total export value amounting to US$ 1 million or above (with deduction of the amount by agency) in the first calendar year (calculated in 12 months) after they are put into operation. A lump-sum payment of 150,000 yuan will be rewarded for introduced imp & exp-oriented projects with total export value amounting to US$ 3 million or above (with deduction of the amount by agency) in the first calendar year. A lump-sum payment of 200,000 yuan will be rewarded for introduced imp & exp-oriented projects with total export value amounting to US$ 5 million or above (with deduction of the amount by agency) in the first calendar year.

(3) A lump-sum payment of 100,000 yuan will be rewarded to the investment-attraction companies or investment-attraction attractors who have attracted projects involved in agricultural cultivation or livestock breeding with investment in actual operation in the first phase amounting to 30 million yuan or above. A lump-sum payment of 150,000 yuan will be rewarded for projects of similar kind with investment in actual operation in the first phase amounting to 50 million yuan or above. A lump-sum payment of 200,000 yuan will be rewarded for projects of similar kind with investment in actual operation in the first phase amounting to 100 million yuan or above.

(4) A lump-sum payment of 100,000 yuan will be rewarded to investment-attraction companies or investment-attraction attractors, if the local reserve of the value-added and corporate income taxes levied on the projects involved in trade, markets, tourism in the first calendar year (calculated in 12 months) after the projects are put into operation amounts to 1 million yuan or above. A lump-sum payment of 150,000 yuan will be rewarded if the local reserve of the value-added and corporate income taxes levied on the projects in the first calendar year amounts to 3 million yuan or above. A lump-sum payment of 200,000 yuan will be rewarded if the local reserve of the value-added and corporate income taxes levied on the projects in the first calendar year amounts to 5 million yuan or above.

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