goldentianjin

Article 1The foreign invested enterprises may allow to import samples of products proposed to produce in future and put them on bonded show during the period from its establishment to official production, after passing through the procedures in Tianjin Customs.

Article 2 The foreign invested projects, conforming to the conditions of Hi-Tech, stipulated by the State shall enjoy the following incentives:

1). The evaluated value of the Hi-Technologies shall be no restriction, which is contributed as capital or share to the enterprises by the foreign partners after being verified by the examining and approving authority.

2). The rent shall be zero for the buildings of administrative office. Laboratory. And workshops used by those projects in the "incubation period". Setup in TEDA International Incubator of Tianjin Economic-Technological development Area. Scientifical & Technological Park of Tianjin Port Bonded Area, and Incubator of Tianjin Hi- Tech Industry Park.

3). 3% of their financial revenue shall be appropriated annually by TEDA, Scientifical & Technological Park of Tianjin Port Bonded Area, and Tianjin Hi-Tech Industry Park as a Scientific & Technological Risk Fund for supporting the development of Hi-Tech enterprises.

Article 3 The foreign investment enterprises, bringing in fine strains and advanced technology for developing agriculture shall enjoy the following preferential treatments:

1.The confirmed manufacturing hi-tech agricultural enterprises with duration of operation for more than 10 years shall be exempted from income taxes for the first and second year starting from the profitable year and a reduction of 50% from the third to fifth year in way of levying first and then refunding to the enterprises; from the sixth to tenth year, the income tax shall be levied in whole and refunded in half. The actual rate of half tax levied shall be not less than 10%.

2.The testing bases for new technologies and products set up in Tianjin Export-oriented Hi-tech Agriculture Modernization Model Area & Tianjin Center for Importing and Practicing Agricultural Science and Technology, shall be exempted from the specialty products tax in agriculture and forestry for the first three years, starting from the year earning business income.

3.Foreign-funded enterprises engaged in developing & producing 6 items of agriculture & sideline products, including fruits, vegetables, livestock and poultry products, aquatic products both in sea and fresh water, green foods, and handicrafts may obtain the support of special and favorable loans for agricultural industrialization, should the variety & quality of their products be better than those of similar products and could promote and expand the export ability of farmers and their enterprises.

Article 4 Foreign investments in Tianjin traffic and municipal constructions shall enjoy the following preferences:

1.The income tax of foreign-funded projects in Tianjin Traffic infrastructure and public utilities shall be reduced and levied at 15% with approval of the municipal taxation authority. Approved by the municipal financial authority, their business taxes shall be refunded in full yearly during the period of recovery of the investment.

2.For those enterprises mentioned above article with duration of operation for more than 15 years, after approval of the municipal financial authority, their income tax shall be refunded in full yearly for the 5 years beginning from the profitable year and in half from the sixth year for another 5 years.