Industry and Agriculture in Putian County

Agriculture, forestry, animal husbandry, and fishery: reclamation and development of wasteland, barren mountains, and tidal flats; development of new high-quality and high-yield new varieties and technologies of fruit trees, vegetables, flowers, pasture, and other crops; serial production of soilless cultivation of vegetables and flowers; Breeding of excellent breeding stock, breeding poultry, and aquatic seedlings; breeding of famous and special aquatic products, new varieties of efficient and safe pesticides; development of high-concentration fertilizers, feeds, additives and feed protein resources; forest construction and introduction of improved forest species; water-saving irrigation, agricultural machinery and equipment ; New technology equipment manufacturing, ecological environment improvement and construction projects, etc.

Transportation, postal and telecommunications: construction and operation of branch railways, local railways, highways and bridges, tunnels, and ferry facilities (whole foreign investment is not allowed, and the Chinese party holds a controlling or dominant position in the construction and operation of ports and terminal facilities) ); Manufacturing of optical synchronous and microwave synchronous digital series transmission equipment at 2.5 Mbit/s (2.5GB/S) and above.

Metallurgy industry: ultra-high-power electric furnaces of 50 tons and above (equipped with external refining and continuous casting); converter steelmaking of 50 tons and above, stainless steel smelting, and hot and cold-rolled stainless steel plate production.

Petrochemical industry: caustic soda uses ion membrane to produce ethylene with an annual output of 60 tons or more (Chinese party controls or dominates); engineering plastic products and plastic alloys; synthetic rubber; fine chemicals.

Machinery industry: high-temperature resistant insulating materials (insulation grades F and H) and insulating molded parts; manufacturing of high-performance welding robots and efficient welding production line equipment, new textile machinery, new papermaking machinery (including pulp ) and other complete sets of equipment manufacturing: 250,000 tons/day urban sewage treatment equipment, industrial wastewater treatment equipment; manufacturing of key automotive parts.

Electronic industry: production of large-scale integrated circuits with line widths of 0.35 microns and below; production of new electronic components and power electronic components; manufacturing of optoelectronic devices, sensitive components and sensors; compatible with digital TV, high-definition Production of HDTV and digital tape recorders; special development of semiconductors and optoelectronics; manufacturing of new display devices; development and manufacturing of new printing devices.

Building materials equipment and other non-metallic mineral products industry: float glass production line with a daily melting capacity of more than 500 tons; high-end sanitary porcelain production line with an annual output of more than 500,000 pieces; new building materials; manufacturing of special urban sanitary equipment.

Pharmaceutical industry: chemical raw materials protected by my country’s patents or administrative protection, special pharmaceutical intermediates that need to be imported; vitamins (nicotinic acid); new anti-cancer drugs and cardiovascular and cerebrovascular drugs; new and efficient , economical contraceptives; new technologies for extracting and analyzing effective components of traditional Chinese medicine using new processes and new equipment. Medical equipment: Electronic endoscopes and medical catheters for medical line units with medium frequency technology, computer control technology and digital image processing technology with a small radiation dose of 80 kilowatts or above.

Emerging industries: microelectronics technology; new materials, bioengineering technology (excluding genetic engineering technology); information and communication system network technology; ocean development and ocean energy development technology; constrained energy development technology, resource regeneration and comprehensive utilization technology; environmental pollution control project monitoring and treatment technology.

Service industry: international economic, scientific and environmental information consulting; precision instrument equipment maintenance and after-sales service; construction of high-tech and new product development centers, etc.

The investment and operation methods include: foreign direct investment, domestic joint venture, cooperative operation, sole proprietorship, foreign-invested joint-stock enterprise and cooperative development, etc.

External borrowings include: foreign government loans, loans from international financial organizations, export loans, commercial loans from foreign banks and external issuance of bonds, etc.

Other investments include: external issuance of stocks, international leasing, compensation trade, processing and assembly, BOT investment, etc.

Putian County implements preferential policies for foreign-invested enterprises in importing equipment, taxation, foreign exchange, labor services, land, environment, entry and exit, customs commodity inspection, etc.

For foreign-invested projects that comply with national industrial policies and transfer technology, self-use equipment imported within the total investment amount, except for the goods listed in the import commodity catalog that are not exempt from tax for foreign-invested projects, are exempt from tariffs and import links. VAT. Self-use equipment imported under foreign government loan and international financial organization loan projects and processing trade of unpriced imported equipment provided by foreign investors shall be subject to the provisions of the preceding paragraph. The technology, supporting equipment, and spare parts imported along with the equipment for the above-mentioned projects in accordance with the contract are also exempt from tariffs and import value-added tax.

For productive foreign-invested enterprises located in Putian (Coastal Economic Open Zone), their corporate income tax can be levied at a reduced rate of 24%. Among them, productive foreign-invested enterprises with an operating period of more than ten years will be exempted from Starting from the year when profits begin, corporate income tax will be exempted in the first and second years, and corporate income tax will be halved from the third to fifth years. For foreign-invested enterprises engaged in the development of large tracts of land, in accordance with the land development plan, they will conduct comprehensive development and construction of the land, level the site, and build public facilities such as water supply, drainage, power supply, road transportation, and communications to form industrial land and other construction land. After meeting the conditions, those who transfer land use rights or build their own industrial plants can enjoy a two-year exemption from corporate income tax starting from the profit-making year and a 50% reduction in corporate income tax for three years. For Sino-foreign joint ventures engaged in port and terminal construction, their corporate income tax is levied at a rate of 15%; those with an operating period of more than fifteen years are exempt from corporate income tax from the first to the fifth year starting from the year when profits begin. Income tax is halved from the sixth to the tenth year. For product-producing enterprises established by foreign investors, after the expiration of the exemption or reduction of corporate income tax in accordance with the provisions of the tax law, if the output value of the enterprise's export products in the current year reaches more than 70% of the enterprise's output value in that year, the enterprise income tax can be levied at a rate reduced by half according to the tax law. For foreign-invested advanced technology enterprises, after the expiration of the corporate income tax reduction and exemption period in accordance with the tax law, if they are still advanced technology enterprises, they can be extended for three years to halve the corporate income tax in accordance with the tax law. If productive foreign-invested enterprises are technology-intensive or knowledge-intensive projects or projects with a foreign investment of more than US$30 million and a long investment recovery time, or energy, transportation, or port construction projects, the corporate income tax rate is reduced to 15%. If a foreign investor reinvests the profits obtained from an enterprise to increase the registered capital of the enterprise, or uses it as an investment to start other foreign-invested enterprises with an operating period of not less than five years, the reinvestment may be refunded upon application by the investor and approval by the tax authorities. Partially paid 40% of income tax. Those who reinvest to start or expand product manufacturing enterprises or advanced technology enterprises can fully refund the corporate income tax paid on the reinvested portion. Foreign investors who obtain profits from foreign-invested enterprises and remit them abroad are exempt from income tax. Product export-oriented and technologically advanced enterprises invested by foreign investors are temporarily exempted from local income tax; productive foreign-invested enterprises invested by foreign investors in Putian County are exempted from local income tax for five years starting from the year of profit. If a foreign-invested enterprise undertakes the processing business of supplied materials, its labor payment income will be exempt from value-added tax.

In terms of foreign exchange management, enterprises should complete foreign exchange registration procedures with the Administration of Foreign Exchange within sixty days from the date of issuance of a business license. Foreign-funded enterprises can decide independently to borrow money from domestic Chinese-funded banks, overseas banks and domestic foreign-funded banks, but they must go through registration procedures with the foreign exchange bureau with a copy of the loan contract within 15 days after formally signing the loan contract.

In terms of labor services, foreign-funded enterprises can determine their own organizational structure and staffing, as well as the recruitment and dismissal of employees. The employment of employees shall be managed under a contract system. And it shall be implemented in accordance with the relevant provisions of the Labor Law of the People's Republic of China. Foreign-invested enterprises should withdraw a certain amount of employee welfare funds for the collective welfare, medical care, hardship subsidies and housing subsidies of their employees, and employ domestic employees to pay pension, unemployment and work-related injury insurance funds in accordance with the law to pay for the retirement of their employees. pension, unemployment living expenses and work-related injury expenses. To hire foreign (overseas) personnel, you should apply for an employment certificate at the Putian County Labor Bureau, then go to the Public Security Bureau for temporary residence procedures, obtain a residence permit, and sign an employment contract. Labor disputes that occur are generally handled according to the procedures of negotiation, mediation, arbitration and prosecution.

For land use, foreign-funded enterprises can apply for land use in accordance with relevant regulations. After being approved in accordance with the law and paying relevant land fees in accordance with regulations (the fee standards shall be subject to those announced by the municipal government in that year), they can obtain land use rights. . Land used for the development of commercial housing, industry, commerce, tourism, etc. shall be acquired through transfer or other paid methods. The maximum term of land use rights is: 50 years for industrial land; 40 years for commercial, tourism, and entertainment land; 70 years for residential land; and 50 years for comprehensive or other land. When the land use period expires, if you need to continue operating, you can apply for an extension before expiration. Any land obtained through paid transfer of land use rights can be transferred, leased, or mortgaged in accordance with the law within the approved use period and purpose, but the change registration procedures must be completed in accordance with the law.

In terms of environmental protection, construction projects are classified and managed according to the "Regulations on Environmental Protection Management of Construction Projects"; if the construction project may have a significant impact on the environment, it should be entrusted with the "Construction Project Environmental Impact Assessment Qualification Certificate" The unit shall prepare an environmental impact report to conduct a comprehensive and detailed evaluation of the pollution caused by the construction project and its impact on the environment; if it is recommended that the project may have a slight impact on the environment, it shall entrust a company holding the "Construction Project Environmental Impact Assessment Qualification Certificate" The unit prepares an environmental impact report form to conduct analysis or special evaluation of the pollution caused by the construction project and its impact on the environment; if the construction project has a very small impact on the environment and does not require an environmental impact assessment, it must fill in an environmental impact registration form.

In terms of entry and exit: Chinese economic and trade personnel of Sino-foreign joint ventures and Sino-foreign cooperative enterprises with annual export earnings of more than 1 million U.S. dollars or annual export product delivery value of more than 10 million U.S. dollars can apply for a certificate issued multiple times every six months. The pass for travel to and from Hong Kong and Macau can be extended. According to the "Implementation Rules of the Preferential Measures for High-tech Enterprises in Fujian Province", high-tech enterprise certificates recognized by the Provincial Science and Technology Commission can apply for a six-month multiple-entry permit to Hong Kong and Macao, which can be extended. Taiwan residents who invest and set up factories in Putian County and have long-term substantive economic and trade activities in the county, or Taiwan residents who are hired or employed, can apply for a one-year multiple entry and exit visa. Taiwanese businessmen who invest and set up factories in the mainland and travel from the mainland to foreign countries due to economic and trade activities or business needs can apply for a "Passport of the People's Republic of China."

In terms of customs commodity inspection, upon review by the customs, foreign-invested enterprises are allowed to import duty-free production and operation equipment as collateral for mortgage loans from domestic financial institutions. Foreign-invested enterprises engaged in import and export business and manufacturing enterprises with legal person status that undertake the re-export of processed products of imported materials can apply to the customs to establish bonded factories. Materials imported by bonded factories can enjoy full bonded preferential treatment. After export, the imported materials and parts actually consumed are exempted from tax. The raw materials, auxiliary materials and packaging materials imported by foreign-invested enterprises for the production of export commodities are exempt from customs duties and import link taxes as bonded goods. If they need to be transferred to domestic sales, taxes should be paid. If the exports of foreign-invested enterprises meet the visa requirements of the Generalized System of Preferences, the commodity inspection department and the foreign economic and trade department can apply for a visa based on the enterprise's application. For the commodity inspection applications of foreign-invested enterprises, we implement 24-hour appointment for inspection applications, accept telephone inspection applications and fax inspection applications, and try to shorten the inspection and visa cycle as much as possible; we also provide commodity inspection ISO9000 series consulting services for foreign-invested enterprises. For foreign investors from relevant countries that have signed tax agreements with the Chinese government, the withholding income tax can be levied at a half rate (i.e. at a 10% rate) on interest, rent, franchises, royalties and other income derived from my country. For foreign investment funds derived from overseas income tax, the income tax paid overseas is allowed to be deducted from the income tax payable when the tax is consolidated, but the deduction amount shall not exceed the tax payable on the overseas income calculated in accordance with the law.