The Provisions are formulated to encourage and attract investors to invest and establish business operations in Bozhou so as to achieve sound economic and social development.
Chapter 1 Land Use Support
I. Industrial projects
1. Projects with fixed asset investment over RMB 50 million and the investment intensity over RMB 1.2 million per mu may separately select a site. The investment scale and intensity may be lowered for projects invested by famous pharmaceutical enterprises and high value-added agricultural products intensive processing projects.
2. A financial subsidy of RMB 50,000 per mu will be provided for projects that have a fixed asset investment ranging from RMB 50 million to RMB 100 million (excluding RMB 100 million) and are put into operation within 12 months since the land use rights are obtained. A financial subsidy of RMB 80,000 per mu will be provided for projects that have a fixed asset investment ranging from RMB 100 million to RMB 200 million (excluding RMB 200 million) and are put into operation within 18 months since the land use rights are obtained. For projects with a fixed asset investment of over RMB 200 million, the policy of "Separate Discussion for Separate Project" shall be applicable.
3. In principle, land will not be separately provided to projects with a fixed asset investment less than RMB 50 million. They are encouraged to settle in various business incubators and standard plants located in the industrial development parks.
II. Service industry projects
4. Commercial complex projects and market projects
For commercial complex (excluding residential buildings) projects and market projects (excluding residential and supporting service facilities) with a construction and expansion area over 20,000 square meters, in which the self-owned property portion (owned for more than 10 years) takes up over 40% of the whole project, and if the project construction is completed according to the start/completion date specified in the land transfer contract, 40% and 50% of the land transfer fee will be provided as a financial subsidy to the commercial complex projects and market projects respectively. The policy of "Separate Discussion for Separate Project" shall be applicable to projects involved with the reconstruction of old cities.
5. Logistics industry projects
For modern logistics projects having a fixed asset investment over RMB 200 million and integrating the transportation, storage, processing, distribution and information handling functions, in which the self-owned property portion (owned for more than 10 years) takes up over 40% of the whole project, the minimum price for land for industrial use shall be provided if the project construction is completed according to the start/completion date specified in the land transfer contract.
6. Star-rated hotel projects
If the land is used to construct a four-star hotel and the construction is completed according to the start/completion date specified in the land transfer contract, 40% of land transfer fee will be provided as a financial subsidy to the project after the hotel passes the star-rating.
7. Financial service industry
If the land is used by newly introduced and newly organized financial institutions which are approved by regulatory authorities to build office premises, 40% of the land transfer fee will be provided as a financial subsidy to the project if the construction is completed according to the start/completion date specified in the land transfer contract. For lease of office premises, 40% of the corporate income taxes collected by local tax authorities shall be refunded to subsidize the rental paid for such office premises.
III. Public utility projects
8. The land shall be allotted to large-scale, top-notch ,well-facilited and fully-funtional public utility projects such as education, medical treatment and public health, culture and sports and social welfare projects that obtain the permission of Bozhou Municipal Government and meet the planning requirements and will not be on sale or lease upon completion.
Chapter 2 Tax incentives
I. Industrial projects
9. Starting from the date when the project is completed and put into operation, industrial project with a fixed asset investment over RMB 50 million will be awarded 100% of the paid-in taxes retained locally (value added tax and income tax) in the first two years, and 50% in the following 3-5 years.
10. For enterprises which settle in business incubators and standard factory buildings located in the industrial development park, 50% of the paid-in taxes retained locally (value added tax and income tax) will be awarded in the first two years, and 25% in the following 3-5 years.
II. Service industry projects
11. Starting from the date when the project is completed and put into operation, service industry project with a fixed asset investment over RMB 50 million will be awarded 50% of the paid-in taxes retained locally (business tax and income tax) in the first two years, and 25% in the following 3-5 years.
13. Starting from the date when the project is completed and put into operation, public utility project conforming to policies set forth in Article 8 of the Provisions will be awarded 100% of the actual payment of income tax, business tax, urban maintenance and construction tax, educational surcharge, farming land occupation tax, deed tax and urban land use tax and property tax in the first five years.
Chapter 3 Deduction or exemption of fees
14. Eligible investment promotion projects are entitled to a deduction or exemption of administrative and institutional fees. For the implementation standards, refer to the Schedule.
15. Priority will be given to projects with a fixed asset investment over RMB 100 million to apply for the state, provincial and municipal level project incentive and support fund.
16. For projects with a fixed asset investment over RMB 50 million, the Municipal Human Resources and Social Security Department shall offer financial subsidies to eligible personnel who have taken part in the pre-job and on-the-job training courses provided by enterprises.
Chapter 4 Other policies
Chapter 5 Separate Discussion for Separate Project
17. Scope of projects enjoying the policy of "Separate Discussion for Separate Project"
(1) Projects invested by famous pharmaceutical enterprises and high value-added agricultural products intensive processing projects;
(2) Chinese patent drugs, traditional Chinese medicine based daily consumer products, disinfectants, bactericide and veterinary drug projects with a fixed asset investment of over RMB 100 million;
(3) Agricultural product processing projects with a fixed asset investment of over RMB 100 million, other industrial projects with a fixed asset investment of over RMB 200 million, and commercial trade service industry projects with a fixed asset investment of over RMB 300 million;
(4) Large cultural tourism projects (excluding star-rated hotels) and old city reconstruction projects;
(5) Other projects that significantly boost the economic or social development.
Chapter 6 Supplementary articles
18. Coal and electric power resource projects,energy development projectsand real estate development projects are not entitled to the preferential policies set forth in the Provisions.
19. The Provisions shall be applicable to investment projects that are beneficial to the municipal public finance, as well as projects that settle in Bozhou Economic Development Zone. Each county or district may draft its own preferential policies based on the Provisions.
20. Chapter 3 of the Provisions shall be applicable to investment projects that settle in the county or district level economic development zone and are beneficial to the county or district level public finance.
21. The Provisions shall be implemented as of the document issuance date. Meanwhile, Interim Rules Prepared by Bozhou Municipal Government Organs on Implementing Policy and Regulations on Boosting the Investment in Bozhou (HZB No. [2009] 20) is rescinded. Enterprises which have signed the investment contract may continue to enjoy the preferential rights specified in the previous investment contract if the duration of the preferential policy remains valid.
22. The Municipal Investment Promotion Bureau shall reserve the right to interpret the Provisions.