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  History of Bayannur
  Natural and Geographic
  General Economy
  Famous brand high-quality product
  Mayor's Welcome Speech
  Investment Environment
  Investment Policies
  Investment Fields
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  Tourist resorts
 
 

 
Abstracts from Preferential Policies on Western Development
1 Restriction shall be eased and procedure simplified in addition to that the requirements for the enterprises in applying for the managerial power of foreign trade as well as the power for cooperative management of economic technology. The favorable border trade policy is followed in the border area, and the other administrative charges by the port except for those set forth by the state in the unified way are cancelled.
 2 An incentive is given to not only utilization of foreign investment in such financing methods as BOT, TOT and transfer of franchise, but also investment in public infrastructure. Permission is granted to the assignment of interest in facilities assets and rights to profit from construction, with the max. assignment duration of 30 years.
 3 Road construction by loaning is allowed to transfer interests to road construction and promote construction of “cold-line” road with “hotline” road. The tax on occupation of cultivated land shall be exempted in use of land in highway construction.
 4 The enterprises that invest in industrial projects encouraged by the state shall enjoy a reduction of 15% on corporate income tax prior to 2010.
 5 The enterprises that invest in industrial projects encouraged by the Region shall enjoy the 2-year exemption and 3-year reduction of 50% on corporate income tax, i.e. the business income tax will be exempted in the first two years as from the date of production and management and reduced by half in the ensuing three years.
 6 The enterprises that invest in industrial projects (except for those projects unable to be exempted as provided by the state) encouraged by the state shall be exempted from tariff and import VAT in importing the equipment for their own use within the total investment.
 7 The enterprises that use barren hills and wasteland in ecological construction, may obtain the land use rights in the form of assignment, which will remain unchanged for 50 years, with reduction and exemption of fees for assignment of land. Land use rights can be assigned, leased and mortgaged. A renewal can be applied after the expiry of the time limit.
 8 The exploration right holder who invests in prospecting for mineral resources, can have priority to obtaining the mining right pursuant to law. The mining right holder can, in addition to assigning the mining rights legally, let and mortgage the mining rights in accordance with the law.
 9 The mineral resources projects encouraged by the state can apply for reduction or exemption of the charges for use of exploration right and mining right if qualified. As from the year of prospecting or commissioning, such charges can be exempted in the first year, reduced half in the period from the second year to the third year and by 25% in the period from the fourth year to the seventh year.
 10 Those foreign investors who engage in encouraged mining of mineral resources except for oil and natural gas as specified in “Catalogue of Foreign Investment Industry Guidance” shall enjoy a 5-year exemption of mineral resources depletion charges.
 11 Executing the procedure of “one-hall” examination and approval and providing the “one-stop” services to build a good investment environment to “entertain, appease and enrich investors”

       Favorable Policies invest in Bayannur

  Besides the favorable policies promulgated by our country, the investors whoever invests in Bayannur also can enjoy following favorable policies: The foreign investment companies, according with national industry policies, will enjoy some related tax treatments of open cities if they invest 3 million dollars or more with a term of more than 10 years of management. After they turn over the income tax to the local government, the foreign investment companies, which invest 5 million dollars or more with a term of more than 10 years of management, and other companies of service industries, will be repaid 50% of the tax by the local finance from the first year when they get benefits.
  The foreign investment companies are exempt from local income taxes.
  The foreign investors who invest in the infrastructure of energy resources and traffic such as coal, electric power, railway, highway and so on can build and operate with the method of BOT. (Build-Operate-Transfer)
  The foreign investment companies are exempt from the use fee of land within the construction period; with a term of more than 10 years, the investors who set up the company using the existing land are exempt from land use fee in 5 years. (From the first year of starting business). The export corporations with a term of more than 15 years, the advanced technical corporations, the foreign investment companies of energy resource, traffic, construction of infrastruct-ure, resource development and the manufacture of raw materials are free of land use fee in 5 years with the total investment between 500,000$to 1 million$,7 years with the total investment between 1.01million$ to 3 million $,10 years with the total investment between 3.01million$ to 5 million$ and 15 years?with the total investment of 5 million$, after starting business.
  The necessary expense of municipal infrastructure for the export corporations, the advanced technical corporations and the corporations of energy resource traffic, construction of infrastructure, resource development and the manufacture of raw materials will be reduced by half.
  The investors who invest in energy resources, traffic, communication facilities, raw industries, agriculture, farming, forestry and fishing will be exempted in income taxes in 5 years after putting into production.
  If the investors buy shares with the form of funds, equipments, technique and management and cooperate with the existing companies, the newly added local income taxes will be repaid by local government in 3 years according to the proportion of their real input.
  The income of the transfer of technological achievements from scientific research units and universities and colleges, technical training, technical consulting and technical contract will be free of income taxes; the companies that are engaged in those businesses above will be free of enterprise income tax.
  If the investors invest in the exploitation development of barren hills, wastelands, desert, waste valleys and desolated beaches, the land use right leasing fees will be charged 40% of total amount;?the investor can use the land after they pay 30% of the earnest money if they exploited the land wholly.
With a investment of 30% and a term of more than 10 years, the enterprises, which is set up by local people, only need to pay 90% of the land use right leasing fees, or are free of land use fees in 5 years.
  To develop the agriculture, farming, forestry, fishing and other resources by the way of land use right lease, the fees will be reduced 30%-50%; to set up new and high-tech industries, public good, energy resource, traffic, communication facilities and raw materials industries, the fees will be reduced 20%-30%; if the investments are in “old, few, poor” areas, the fees will be reduced 40-60%.
  The investors of other places who get the land use right by the way of lease will be exempted in land use fees from the first year of starting business. After it conforming to industrial land conditions, the investors can transfer, hire, mortgage or joint venture, cooperation, joint management.
  The investors from other places who invest in energy resources, traffic, infrastructure construction and production of raw materials will be collected the necessary expense of municipal infrastructure by half.

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