The foreign economic relations and trade departments of the people's governments at or above the county level are in charge of the work of attracting foreign investment within their respective administrative areas; Planning, economy, taxation, industry and commerce administration and other relevant departments, as well as banking, foreign exchange, customs, commodity inspection, insurance and other institutions, should do a good job in attracting foreign investment according to their respective responsibilities. Article 3 Foreign investors investing in our province shall enjoy preferential treatment in accordance with these regulations in addition to the preferential treatment prescribed by the state, and their legitimate rights and interests shall be protected by law.
Foreign investors who invest in our province should abide by the laws of China. Article 4 Foreign businessmen may invest in all parts of our province.
Encourage foreign investors to invest in economic and technological development zones and high-tech industrial development zones.
Encourage foreign investors to invest in energy, transportation, raw materials and other basic industries and infrastructure, as well as the development of agriculture, forestry and animal husbandry projects in line with national industrial policies.
Encourage foreign investors to set up export enterprises, advanced technology enterprises and technological transformation of existing production enterprises. Article 5 Foreign investors may invest in the following ways:
(a) the establishment of all foreign-funded enterprises (hereinafter referred to as foreign-funded enterprises);
(two) the establishment of joint ventures and cooperative enterprises;
(three) to carry out processing, sample processing, assembly and compensation trade;
(four) engaged in land development and management, enterprise leasing and other forms of investment permitted by the state. Article 6 Foreign investors may invest or provide cooperation conditions in cash, in kind, industrial property rights, know-how or other property rights. Article 7 Simplify the procedures of foreign-invested projects and timely examine and approve them. The examination and approval authority and procedures shall be stipulated by the provincial people's government. Article 8 Foreign-invested enterprises, joint ventures and cooperative enterprises (hereinafter referred to as foreign-invested enterprises) that meet the legal person requirements stipulated by the laws of China have been approved and registered by the administrative department for industry and commerce and obtained the legal person status of China. Article 9 Foreign businessmen may entrust their relatives and friends in China as their agents.
Foreign businessmen can recommend their relatives and friends in China to work in the enterprises they invest in. Tenth foreign-invested enterprises need water, electricity, transportation conditions and communication facilities, the relevant departments should give priority to the arrangement, and charge according to the standards of local state-owned enterprises. Fuel and raw materials that need to be supplied by the Chinese side shall be given priority by the materials department. Article 11 Chinese investors in joint ventures and cooperative enterprises may apply for bank loans for the difference except the self-raised part.
Foreign-invested enterprises need to borrow short-term working capital and other necessary credit funds in the process of production and circulation, and after examination by banks, they can give priority to loans. Article 12 Machinery and equipment, spare parts, production vehicles and other materials imported by foreign-invested enterprises within the investment quota shall be exempted from import duties and consolidated industrial and commercial tax in accordance with state regulations.
Machinery and equipment, production vehicles, raw materials, fuels, spare parts, components and accessories that foreign-invested enterprises need to import to fulfill product export contracts are exempted from import licenses, import duties and consolidated industrial and commercial taxes.
The export products produced by foreign-invested enterprises shall be exempted from export duties and consolidated industrial and commercial tax in accordance with state regulations, except those restricted by the state. Thirteenth productive foreign-invested enterprises operating for more than fifteen years shall be exempted from local tax for ten years; Non-productive foreign-invested enterprises operating for more than ten years shall be exempted from local taxes for five years.
Basic industrial enterprises in energy, transportation infrastructure and raw materials, as well as enterprises established in economic and technological development zones and high-tech industrial development zones, are exempt from local taxes. Article 14 After the expiration of enterprise income tax reduction or exemption in accordance with state regulations, if the output value of export products in that year reached more than 70% of the output value of enterprise products in that year, enterprise income tax will be levied at the current tax rate by half.
Advanced technology enterprises can pay enterprise income tax by half within three years after the expiration of enterprise income tax reduction or exemption in accordance with state regulations. Article 15 Foreign businessmen who come to our province to set up agricultural, forestry and animal husbandry enterprises or set up enterprises in economically underdeveloped remote areas may continue to reduce the enterprise income tax by/kloc-0.5% to 30% after the expiration of the enterprise income tax reduction in accordance with the provisions of the national tax law. Article 16 If a foreign investor directly invests its profits from an enterprise or establishes other foreign-invested enterprises as capital for a period of not less than five years, 40% of the reinvested income tax can be refunded upon the application of the investor and the approval of the tax authorities. If the reinvested product export enterprise or advanced technology enterprise has an operating period of not less than five years, the income tax paid for the reinvested part may be refunded upon the application of the investor and the approval of the tax authorities. If the investment has been withdrawn for less than five years, the refunded income tax will be refunded. Seventeenth foreign businessmen in our province to carry out processing, sample processing and assembly need to import production vehicles, exempt from import license; Machinery and equipment that need to be imported to carry out compensation trade business shall be exempted from import duties and taxes.