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Weihai

2014/4/15 11:45:56   source:en.sdfao.gov.cn

  Living Environment and Matching Facilities

  Habitation. Weihai enjoys beautiful environment and agreeable climate. It possesses high-class living area where foreigners are gathering. Medical care facilities are advanced with clinics special for foreigners.

  Education. There are special international schools in Weihai. There are more than 30 schools accepting foreign students all over the city. The children of foreign businesspersons enjoy citizen treatment in the aspect of enrollment. More than 1000 foreign students are studying in Weihai.

  Entertainment. There are 66 starred foreign-oriented hotels, 6 golf courses, 5 coastal beaches and numerous natural hot springs.

  Security of the society and rights protection. Weihai is one of the safest cities in China with the lowest criminal cases happening rate.

  Preferential Policies

  Ⅰ. Taxation Preferential Policies

  ⅰ. The Enterprise Income Tax

  1. The enterprise income tax rate of the productive foreign-funded enterprises is 25%.

  2. The foreign investors are exempt from income tax for the profits gained from the foreign-funded enterprises no matter if they remit the money out of China.

  ⅱ.VAT

  The VAT rate for industrial products is 17%.

  China carries out policy of "Exemption, Offset and Refund of tax" for the VAT of the exported products, which makes the exported products have no VAT.

  ⅲ、Import Tax Policy

  At present, the average import customs duty of China is 9.9%;and the export customs duty is only for few products.

  The import customs duty for industrial products is 17%.

  The commodity imported by foreign-funded enterprises by means of processing trade is bonded goods, shall be exempt from Import Customs Duty, Import VAT and Consumption Tax. When the bonded goods is exported, it shall be exempt from VAT and Consumption Tax of processed or entrusted to be processed goods and of processing fees. Ⅱ. Imported Equipment Policy

  ⅰ. As for the encouraged projects listed in , the imported self-use equipment and the imported technology and components within the total investment, shall be exempt from the Customs duty and the Import VAT. Moreover, the enterprises that import the used equipment should register with Entry-Exit Inspection and Quarantine Bureau and get Automatic Import License of Used Mechanical and Electrical Products. ⅱ. As for the foreign-funded enterprises in the Export & Processing Zone, the equipments, molds and components for the use of manufacturing shall be exempt from the Customs duty and import VAT; the self-use office supplies within reasonable amount shall exempt from the Customs duty and import VAT.

  Ⅲ. Other Policies

  1. The foreign investors can enjoy the national treatment in children schooling, accommodation and buying properties; they can also enjoy a very convenient access to seeing a doctor with the system of “Medical Green Card”.

  2. Weihai Customs carry out the working system of “5+2” days for the Customs declaration and Weihai port implements the new supervision mode of “clearance at many places, pass at the port” for every single day all through the year. The inspection department implements “E-declaration, E-supervision, E-pass” which makes it one of the most efficient departments at home.

  3. Supply reminding services for the foreignors, such as reminding the expiration date of their working permit and residence license so that they can renew them on time.

  4. Weihai government has made great effort to help and support the foreign enterprises in terms of training of labor, recruiting of human resources.

  5. According to the scale of investment, the government shall give favorable land prices, help and support to the enterprises with large investment in terms of financing and policies. As for the large foreign-funded projects, the government will implement the system of specific help and support and joint conferences so as to improve efficiency by opening “Green Passage for the Foreign Investment Projects”.

 

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