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Investment environment in Liandu district

chinadaily.com.cn| Updated : Oct 17, 2019 L M S

4. Abundant resources

Liandu district is a green ecological development pilot zone, a national excellent tourist city, a national forest city, a national garden city, a national health city, a national civilized city, and a veritable town of leisure, photography, oil painting, fruit and longevity.

(1) Ecological quality agriculture has taken shape.

The benefits of five traditional industries – vegetables, fruits, livestock and poultry, edible fungi and tea – are increasingly evident. Some 119 agricultural products have been certified as organic and green pollution-free agricultural products.

(2) Accelerating the development of eco-industry

Liandu district earnestly practices the "Two Mountains" theory, in which clear waters and lush mountains are invaluable assets, comparable to the gold and silver mountains of legend, adheres to the second-class industrial land standards, vigorously develops its ecological industry, and focuses on cultivating advantageous industrial clusters such as equipment manufacturing, electronic and electrical, and deep processing of agricultural products.

(3) Abundant ecological tourism resources

The Guyan Huaxiang scenic spot in Liandu district is a national 4A-level scenic spot. It is the cradle of the "Barbizon School in Lishui", a sketching creation base in China, and one of the first national characteristic towns in Zhejiang province.

Liandu's Tongji Weir, a State-level cultural protection unit with a history of 1,500 years, is the world's oldest arch dam and one of the world's irrigation engineering heritages.

There are many other potential resources in Liandu, such as Dashan Peak, Mihou Gorge, Tiantang Mountain and Kuocang ancient road, which provide vast potential for tourism development in the whole region.

5. Favorable policies

(1) Vigorously support the headquarters economy

The newly introduced comprehensive headquarters economic enterprise shall be awarded 90 percent of the local retained part of the value-added tax and enterprise income tax paid in the first three years and 60 percent in the rest two years within five years of the date of identification.

For newly introduced functional headquarters economic enterprises, 75 percent to 90 percent of the local retained part will be awarded with annual tax of over five million yuan ($703,987) within five years of the date of introduction.

If the total amount of individual income tax withheld and remitted by the headquarters economic enterprise is more than two million yuan, the enterprise shall be rewarded to the individual according to 50 percent of the local retained portion of individual income tax paid by the enterprise's senior executives.

Self-built or purchased self-used office space shall be granted 500 yuan per square meter, with a one-time subsidy of up to one million yuan. A maximum rent subsidy of 50,000 yuan per year will be given to those who rent self-use office space.

(2) Support major non-construction projects

Liandu district actively encourages the development of tertiary industries, and allows the construction of supporting commercial housing with a floor space of no more than 40 percent of the major non-construction projects. In addition to supporting commodity housing, at most 30 percent of the total floor area is marketable.

(3) Support characteristic towns construction

Tourism, cultural and creative enterprises are encouraged to settle in the characteristic town of Guyan Huaxiang. If the investment is more than 50 million yuan, the part that contributes to the district's retained finance, 100 percent of the project subsidies will be given in the first three years and 70 percent in the last two years.

Venture capital and fund companies who invest more than 50 million yuan in industrial projects in Liandu district and continue to invest for more than five years, will be granted one percent of the total investment after the fund is in place.

(4) Encourage stock holdings reduction

Natural person shareholders are encouraged to sell restricted shares in Lishui for reduction, and the financial contribution to Liandu district after reduction will be rewarded according to 93 percent of the proportion to the relevant personnel, and cash-in before the next month when the income is put into storage.

(5) Reward for introducing foreign capital

If the actual amount of foreign investment in non-industrial projects is between $1 million and $30 million, a one-time reward of 50,000 to 800,000 yuan will be given in five grades. For the introduction of foreign exchange projects of eco-industry, the reward will be 10,000 yuan per $100,000. The non-spot investment shall be rewarded by 50 percent of the spot investment, and the highest reward shall be one million yuan.

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