Business Policies

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Preferential Policies on Exit & Entry Administration

Foreign senior executives, technology talents, and major foreign investors are approved for a permanent residence certification in China, and the entry visa is exempt. Foreigners with temporary residence are approved for a multiple exit and entry visa F, within valid period of 1~5 years, and the maximum time of each temporary residence shall be no longer than 6 months. Permanent foreign residents, in case of the necessity for multiple exits and entries, are approved for multiple exit and entry visas, within valid period equivalent to that of Foreign Resident Certificate.

Preferential Policies on Hunan Hi-Tech Food Industrial Park
Hunan Hi-Tech Food Industrial Park sincerely welcomes your investment or introduction of possible projects. As regards successfully introduced projects, a generous award shall be granted at a proportion of 0.3%~1.2% of total investment in fixed assets, by the prefectural government.

Preferential Policies for Foreign Investment

The concerned authorities shall give priorities to foreign-funded enterprises for water supply, power supply, transportation conditions, and communication facilities needed for their production and operation. All said fees shall be collected in accordance with the charging standard of local state-owned enterprises. Fuels and raw materials at the responsibility of the Chinese counterpart shall be preferentially supplied by the material supply departments.

Tax Incentives for SMEs

Small and low-profit enterprises can pay their income taxes at the rate of 20%. Small enterprises earning low profits are taxed at 20% provided that they are engaged in the industries not restricted or prohibited by the state, and meet the following conditions: (1) any industrial enterprise with an annual taxable amount not exceeding RMB 300,000, less than 100 employees and a total asset of no more than RMB 30 million; (2) any other enterprise with an annual taxable amount of no more than RMB 300,000, no more than 80 employees and total asset not exceeding RMB 10 million.

Measures to Boost Hunan¡¯s E-commerce

Interpretation on the Opinions Concerning Accelerating the Development of Foreign Cultural Trade Issued by the State Council

Notice of Expanding Approval Authority for Establishment and Alteration of Foreign-funded Enterprises in Developing Zones at City, Prefecture and State Levels