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Incentives for Investment

Author:佚名  From:Investment Information Network of Guizhou Time:2017-01-18 Browse:  Size: Big Middle Small

 

Candidate for incentive: Organizations and individuals that have been confirmed with substantial contribution to promote investment. Qualified candidates may include corporate organizations or the organizations and natural persons, for example, chambers of commerce, associations, professional institutes and agencies.

Requirements for incentives:

1. The invited project is in line with the industrial policy and environmental protection requirements of Guizhou Province and the State regulations. No regulations have been issued to prohibit or restrict the project.

2. The invited project shall belong to the project library of the province (prefecture), county (city, district, special administrative region);

3. Capital invited are from other provinces (foreign nations or overseas);

4. Projects shall be registered, built, operated and taxed in Guizhou Province;

5. Completed and accepted projects that have been put into operation ;

6. Projects that have already been operating for less than one year can apply for rewards;

7. For industrial projects, the invited capital shall be more than 20 million RMB (foreign and overseas capital shall be converted to RMB according to the actual exchange rate issued by the national authority of foreign exchange on the day when the invited capital is finalized and utilized);

8. The organization or individual responsible for inviting project does not receive any commissions from investors or the recipient of the capital;

9. No any disputes and disagreements occur;

The incentives do not apply to BT models, sponsored projects, infrastructure (excluding social invested projects), real estate, coal mines and so forth;

The organization or individual responsible will not be rewarded provided that the project construction period is longer than the confirmed and approved date and the capital fails to be utilized as per the required date of the contract;

Standards for incentives: 2‰ of the actual fixed asset investment will be given as a reward to projects of primary and tertiary industry. 3 of the actual fixed asset investment will be given as a reward to   projects of secondary industry. The highest reward for a single invited project is five million RMB.
 

If Fortune 500, Top domestic 500 and Top domestic private 500 are successfully invited, then 300,000 RMB, 150,000 RMB and 50,000 RMB will be granted to the invited project (if one project is in line with two or three above mentioned conditions, then the criteria for incentive is subject to the higher reward amount). Note (11)

 

 

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