Introduction of Jinqiao Economic
And Technological Development Zone
Jinqiao Economic and Technological Development Zone of Huhhot was built in September 1999. It was officially named as “Jinqiao Economic and Technological Development Zone of Huhhot” on Nov28, 2000.On Dec11, 2001,It was approved by the People's Government of Inner Mongolia Autonomous Region to be the development zone which has come up to the autonomous region.
Jinqiao Economic and Technological Development Zone is located in the southeastern city with 64.6sq km of planning area, flat hypsography dense forest and abundant water of resources. Dahei River and Xiaohei River flow through the development zone. The development zone has excellent ecological environment. The newly built city will be connected with the industrial district in south bank of river with high-starting, high-standard and modern system. It is the best choice for administrative, office, modern quarters and commercial investment. Near the development zone, there are lots of talented persons from Inner University, Inner Teacher's University, Inner Agriculture University and other State Research Institute. It is the center of Inner Economic, Technology, Education and Information. There is a production base of vegetables and other by-products in east, and large fertilize land in its south, it is the main dairy base of YiLi and MengNiu.
There is smooth transport, the railway line for special use in its southern part; they are linked to Beijing to Baotou highway. The two-wreath roads goes through the development and connect with Airport road, 110 highway, Huhhot to Baotou Express Way, Huhhot to Jungar highway and Huhhot to Wuhuan highway as well, and is forming stereo communication net. The main line of Joada road extends southward and goes through Dahei River and Xiaohei River, and forms the branch road structure in it. The development zone will give the enterprise the better environment for investment by advanced traffic and better infrastructure.
Jinqiao Economic and Technological Development Zone is according to closed administrate from Party Committee of Huhhot and Government and promise to complete all of the necessary procedures within fifteen working days, and help the enterprise to earn the most money. Meanwhile, take all the preferential policies of “the remaking of the West” of Huhhot and Inner Mongolia Autonomous Region. The development zone always improves hard environment for investment and provide investors more commercial choice. The men of insight all over the world are welcome to visit, invest and inspect in Jinqiao Development Zone.
Jinqiao Development Zone is in southeastern urban district, which is key area of development of Huhhot, and next to many institution of high learning, it can select many talented persons and get advanced social technology. The development zone has excellent natural environment, Dahei River and Xiaohei river flow through the development zone. Along the rivers, there are dense forests and abundant water resources. Jinqiao Development Zone has many main lines of communication, a railway for special use in its southern part, which is linked to Jin-LAN railway. The newly-built beltway will pass through the development zone from east to west and connect with the Airport Road, 110 highway, Hohhot to Baotou express way, Huhhot to Jungar highway and Huhhot to Wuchuan highway as well. The communication and transportation network can reach the economic corridor of Hohhot and Baotou, the port to the outside world——Ere hot city, Tianjin port and Dalian port. It is very convenient to deliver the imported and exported goods. Joada road, one the main line of the city extends southward and connects with the development zone.
The network of the communication creates preferential conditions for the mutual complement of resources between the city proper and the development zone, the economic and technological cooperation, exploration of the market, the communication and storage of the materials as well as the shaping of the new opening pattern. Jinqiao Development Zone has smooth terrain and plenty of land resources. It is rich in agriculture and husbandry resources because there is a production base of vegetables and other by-products in its east part and a base of hungry products in its south. So far, there are two large-scaled enterprises——the Petrochemical Corporation of Huhhot and Tian Ye Chemical Ltd Corporation of Inner Mongolia in the development zone. They are the key enterprises, which are set up with the investment of the autonomous region and the state. The stable commercial network and the system of social service has been established around the two enterprises and laid solid and relatively powerful economic foundation for the development zone.
Policies and regulation on foreign-funded
Enterprises Preferential tax policy
1、 For foreign-funded enterprises that fall into the State-encouraging catalog, within three years after expiration of the period for the existing preferential tax policy, the enterprise income tax can be levied according to the reduced 15 percent tax rate.
2、 After expiration of the period for a reduction in or exemption from enterprise income tax in accordance with the provisions of the tax law, foreign-funded export-oriented enterprise in which the value of export products in a particular year amounts to 70 percent or more of the value of their products for the same year may pay enterprise income tax of one half the prevailing tax rat. Export enterprises that are already paying enterprise income tax at a reduced rate of 15 percent and fulfill the foregoing conditions shall pay enterprise income tax at a reduced of 10 percent.
After expiration of the period of reduction in or exemption from enterprise income tax in accordance with the provisions of the tax law, foreign-funded technically advanced enterprises may be granted a three-year extension of the period at one half the prevailing tax rate.
3、 productive foreign-funded enterprises with a scheduled operating period of over 10 year will be exempt form enterprise income tax for the first and second profit——marking years and a 50 percent reduction in enterprise income tax in the third through the fifth years, except for the resource development projects otherwise specified by the State Council.
4、 Foreign-funded enterprises engaged in agriculture, forestry, and animal husbandry, after expiration of the period of reduction in or exemption from enterprise income tax and with the approval of financial and taxation departments, a 15 to 30 percent enterprise income tax can be reduced on the basis of the basis of the taxable amount in the ensuing 10 years.
5、 Foreign investors in a foreign-funded enterprise, who reinvest the profits directly in the enterprise to the enterprise the enterprise go increase the registered capital instead of drawing the profits, or after drawing the profits they use them to invest in opening other foreign-funded enterprises for a scheduled operating period of not less than five years, after application to and approval by the tax authorities, shall obtain a refund of 40 percent of the income tax already paid on the reinvested portion. If the investment is withdrawn before the expiration of five years of operation, the refunded income tax shall be repaid.
6、 Import equipment of domestic-funded projects and foreign-funded projects that are encouraged to develop by the State, within the specified range, shall be exempt from value added tax and customs duty.
7、 Necessary self-use equipment imported for the production of products listed in the Catalog of State New and High-Tech Products, and techniques, associated parts and spare parts imported along with the equipment under the contract, are exempt form customs duty and import-link value added tax in accordance with the relevant provisions.
8、 Imported advanced technologies that are listed in the Catalog of State New and High-Tech Products, and the software fee paid to the external party under the contract, are exempt form customs duty and import-link value added tax.
9、 Raw materials, auxiliary material, parts, components, necessary accessories and packing materials for processing and assembling final products for external manufactures or for manufacturing export products are exempted from the import tax by the customs according to the quantity of actually processed and exported final products.
10、 To the established research and development centers, if they, within the total amount of investment, import self-use equipment and its associated technologies, fitting, and spare parts which cannot be produced domestically or the performance of which, made domestically, cannot meet the requirement, they can be exempt from import tax and import-link tax according to the relevant provision.
11、 To the projects that comply with the advantageous industries catalog for which the central and western regions of China, autonomous regions and municipalities directly under the Central Government utilize foreign capital, if they, within the total amount of investment, import self-use equipment and its associated technologies, fitting, and spare parts which cannot be produced domestically or the performance of which, made domestically, cannot meet the requirements, they can be exempt from import tax and import-link tax according to the relevant provisions.
Policy and regulations of administration for industry and commerce
Rate of registered capital to total investment:
Total investment Rate
~US $ 3 million 7/10
US $ 3.01~US $ 10 1/2
If the total investment is below US $ 4.20million,
The registered capital shall not be below US $ 2.10million
US $ 10.01 million~US $ 30million 2/5
If the total investment is below US $ 12.50 million,
The registered capital shall not be below US $ 5 million
Above US $ 30 million 1/3
If the total investment is below US $ 36 million,
The Registered capital shall not be below US $ 12 million
All parties in a foreign-funded enterprise shall state clearly in the contract
and artcles of accusation the time limit of the investment, and turn in the registered capital within the time limit.
Tel: 86-0471-3364008,3364018. Linkman: Hou Yan Jun, Wang Rui Qiang .P/O:010020
Fax: 86-0471-3364028. http://www.hhjingqiao.com E-mail: jin_qiao@263.com
Diagram of procedures for examination and approval of
foreign-funded enterprises
Signing of letter of intent (letter of coeement) for cooperation
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Examination and approval of project proposal and feasibility study report (joint venture and cooperative projects sent to planning department, wholly foreign-owned projects sent go a
foreign economic relations and trade department) |
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Registering for the
enterprise's name
(administration for
industry and commerce) |
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↓ |
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The Chinese party
Investing with State-
owned assets shall
submit documents
confirmed by the
department in charge
of State –owned assets |
Examination and approval of the
designs of capital
contract and articles of association
construction and
(by a foreign economic relations
transformation projects
and trade department) |
If there are entrusted
construction and
transformation projects |
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↓ |
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Getting a certificate of approval form
the foreign economic relations relations and
trade department |
Examination & approval
of the preliminary design
(construction bureau) |
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↓ |
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Registering with the administration
for industry and commerce, then
getting a business license |
Examination & approval
of going into operation
(construction bureau) |
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↓ |
Going through procedures
at a land administration
department for land use |
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Registering with a tax
bureau |
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↓ |
Registering with the
exchange control
authorization |
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Registering with the customs
procedures for export and import |
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↓ |
Opening an account
at a bank |
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Registering with the financial
administrative department |
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↓ |
Registering with the
statistical bureau |
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Capital verification by a
chartered accountant |
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