Taizhou Economic Development Zone

Policies

For a foreign-invested project that is in accordance with state industrial orientation, with fixed asset investment density over 200,000 $/mu, the land could be transferred at a price of 60,000-120,000 yuan/mu. If the following conditions are satisfied, preferential policies will be offered:

I.    

1. It is a project with foreign investment of $3 million or more;

2. It is a foreign-invested project, which has been identified as a hi-tech project by provincial or national authorities.

II. If other foreign-invested projects meet the industrial requirements of TEDZ and the investment density exceeds 150,000 $/mu, the land could be transferred at a price of 100,000-150,000 yuan/mu.

III. For the projects mentioned above, if the construction starts within the contract terms and the foreign investments are in place, the urban construction fee levied will be refunded as a reward. For important and special foreign-invested projects, specific policies will be offered in light of the actual situations.

Reward for an intermediary introducing foreign investments

Reward standard

The intermediary that introduces foreign investments in TEDZ will be rewarded according to the following standards.

For executed foreign investments of $1-2 million, the reward is 0.5 percent of the actual executed fund;

For executed foreign investments of $2(inclusive)-5 million, the reward is 0.6 percent of the actual executed fund;

For executed foreign investment of $5(inclusive)-10 million, the reward is 0.7 percent of the actual executed fund;

For executed foreign investments exceeding $10 million, a higher reward will be offered.

Implementation of the reward policy

About 25 percent of the reward will be offered on receipt of 50 percent of the foreign investments. 50 percent of the reward will be offered on receipt of all the foreign investments and the audit report of capitals issued by the accountant office. All the reward will be offered when the project has been put into production.

Identification of an intermediary

An intermediary is one who is identified by the administrative committee of TEDZ, and who introduces foreign investments to TEDZ. The internal relation between the intermediaries is not the concern for TEDZ. An intermediary is eligible for reward.

The administrative committee of TEDZ will implement the reward, however ineligible intermediaries will not receive the reward except stipulated by the municipal government.