People's Republic of China (PRC) Ministry of Finance and State Taxation Administration of The People's Republic of China Document No.26 clearly stipulate: 1. Demobilized military cadres engaged in self-employment shall be exempted from business tax and personal income tax within three years after receiving the tax registration certificate with the approval of the competent tax authorities. Second, in order to find jobs for demobilized military cadres who choose their own jobs, if new enterprises are established and demobilized military cadres who choose their own jobs account for more than 60% (including 60%) of the total number of enterprises, business tax and enterprise income tax shall be exempted within three years upon the approval of the competent tax authorities from the date of receiving the tax registration certificate. This document has been implemented since May 1 2003. Demobilized military cadres who have been engaged in self-employment before the entry into force of the document and enterprises that meet the conditions stipulated in this notice? In accordance with the provisions of the State Council No.8 document, those who have enjoyed preferential tax policies may continue to implement them until the expiration; Those who do not enjoy the preferential tax policies stipulated in the above documents may be exempted from business tax, personal income tax and enterprise income tax within 3 years from the date when the documents come into effect.

There seems to be no discount for starting your own company, and the fees for name inquiry, registration and announcement must be paid in full.