Preferential Policies For Investment In Tianjin New Coastal Area

1.The productive foreign invested enterprises in the Area shall enjoy the income tax rate of fifteen percen(15%).Those enterprises with a term of operation over ten years(including ten years)may be exempted from income tax in the first two years commencing the first profit-making year and allowed a fifty percent(50%)reduction of the tax rate for the following three years.

2.The enterprises with foreign investment in establishing energy and communication facilities such as airport,harbor,railway,road,power plant and so forth may be exempted from income tax in the first five years commencing the first profit-makin year,and allowed a fifty percent(50%)reduction of the tax rate for the following five years.

3.Foreign investors are encouraged to establish foreign banks and other financial facilities in the New Coastal Area and domestic financial facilities are encouraged to open banks,accounting companies and other financial service facilities in the New Coastal Area as well.

4.The foreign and domestic investors which are engaged in the development of land in tracts in the Area may enjoy incentives on land price,energy supply and fees for infrastructure facility cost etc..

5.Domestic enterprises which play important roles in the development and opening up of the Area can be granted appropriate incentives when approved by relevant authorities.

6.The specific preferential policies granted by the State and Tianjin Municipality to TEDA,Tianjin Port Free Trade Zone,tianjin Port,Tanggu Ocean High and New Technology Industrial Park,Dagang Zhongtang Technology Concentrated Zone and the three small development zones of Tanggu,hangu and dagang with remain effective.