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Zhong Guan Cun
Overview
- Hai Dian New Technology Industry Experimental Zone, also known as Beijing High Tech Valley, covered over 100 square meters land area.
- The objective is to provide and promote high tech development activities and business opportunities in Beijing and the region.
- Tenants in Beijing High Tech Valley included IBM, GE, Mitsubishi, and many other multi-national corporations.
Talent
Home to many multi-national corporations, local companies and research institutes, Beijing High Tech Valley create the ideal working environment for more than 378,000 highly skilled researchers, engineers, scientists and support staff from Beijing University, Tsing-Hua University and other international well-know institute.
Investment and Government Regulation
- Working closely with industries and relevant organizations, government developed different types of tax-exemption to help new comers to facilitate timely provision of physical, technological, and human infrastructure.
- The goal of these tax benefits is to encourage and support applied research, technological development and technology transfer for both local industries and overseas developments.
Caohejing Hi-Tech Park
Situated in the southwest of the city proper, Shanghai Caohejing Hi-Tech Park is one of the state-level economic and technological development zones approved in the 1980s, and a hi-tech industry development zone as well.
Human Resources
There are 45,000 staff members in the Park at present, 35 percent of whom are technicians. The Park, set off by more than 20 colleges and universities and over 120 research and development institutes around.
Preferential Policies
- Any foreign invested production enterprise in the Park shall pay enterprise income tax at a reduced rate of 15 percent on the income derived from production, business and other resources. The enterprises scheduled to operate for a period of 10 years or more shall be exempted from enterprise income tax in the first and second profit-making years and allowed a 50 per cent reduction in the third year.
- The technologically advanced enterprises may extend for another three years the payment for income tax at a reduced rate. If the rate of enterprise income tax is less than 10 percent from the beginning of the sixth year, the technologically advanced enterprises shall pay the income tax at a rate of 10 percent. If the output value of product exported amounts to 70 percent or more of the total, the enterprises shall pay the income tax at a rate of 10 percent after the expiration of the period of income tax reductions and exemptions.
- The sino-foreign joint ventures in the Park are allowed to remit their profit abroad, free from income tax of their remittance. The productive foreign invested enterprises are exempted from the local income tax by the end of 2000. Any export enterprise, whose products for exports cover 70% or more, is still free from local income tax after tax-free period.
- The foreign-funded enterprises can enjoy the exemption of real estate tax for five years from the first month when their houses are built or bought.
Related Web Sites
Zhong Guan Cun
Caohejing Hi-Tech Park
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