Encouraging Foriegn Traders to Invest in Mountain Area

The projects invested in our district by foreign traders and accorded with the i ndustrial policy of the State shall be carried out according to the relevant pol icy of the coastal economic openning area. The projects restricted in the coasta l area shall be relaxed restrictions properly in our district. The products for the domestic market shall be relaxed restrictions propperly in our district on t he premise of self-balance of foreign exchange. We encourage foreign traders to operate the third industry in our district such as restaurants, entertainments, tourism, real estate, transportation and communications, and service ect.

In Longyan Prefecture, manufacturing enterprises operated by foreign investors i n provinces' or counties' trades development zone, aids trial development zone a nd tourist economic development zone by approved as a special case.

Encouraging to Develop Stretches of Land

Foreign businessment who shall invest to develop stretches of land and foreign i nvestmnet enterprises which shall enter into the development zone shall enjoy th e policy of major industrial satellite town. (The rate of enterprise income tax is 24%). The rights of using land shall be transfered, rent, mortgaged and used for other economic activities within the used years by the users who get the rig hts to use the land by law. The legitimate rights and interests shall be protect ed by the persons who get the rights to use the land by law.

In the development zone, a 50% reduction of enterprise income tax shall be levie d on the products export enterprises after the expiration of exemption and reduc tion if output value of export products is more than 70% of the products output value in the same year. A 50% reduction of enterprise income tax shall be levied for three years on the advanced technical enterprises after the expiration of e xemption and reduction.

In the development zone, the development enterprises are allowed to set up compr ehensive warehouses for free tariffs. The products export enterprises are allowe d to set up the factories and warehouses for free tariffs. The chain enterprises process and export products indirectly for free tariffs.

In the development zone, foreign investment enterprises are allowed to operate t he third industry of necessary services for production and life.

Encouraging to 'Develop Comprehensive Agriculture

In the comprehensive agricultural development zone, foriegn investment enterpris es operated to develop agricultural projects shall be exempted from local income tax.

In the comprehensive agricultural development zone, foreign investment enterpris es operated to develop agricultural projcts shall be exempted from agricultural tax and speciality tax for three years at the beginning of operation and invreas ing output value. A 50% reduction of agricultural tax and speciality tax shall b e leved for the following three years. The foreign investment enterprises develo ped desolate hills, slopes, beaches and water shall be exempted from agricultura l tax and speciality tax for five years at the beginning of operation. A 50% re duction of agricultural tax and speciality tax shall be levied for the following five yeas.

In the comprehensive agricultural development zone foreign investors are allowed to establish necessary service facilities like restaurants, entertainments and dormtores etc. for production and life.

Foreign development enterprises engaged in comprehensive agricultural developmen t shall be exempted from land tax in the period of development in accordance wit h the contracts stipulation. The enterprises developed comprehensive agriculture in the field of desolate hills, beaches and waters shall be exempted from land tax for 30 years (including contruction periods.)