Situated on the eastern bank of the Euro-Asian Continent and the
southernmost point of Liaodong Peninsula,Dalian City is famous for its
harbour,industry and tourism. Being to Dalian City west,Shahekou District
is its centre,has 41 square kilometers administering area and 500,000 population,and
is now becoming a new rapidly developing district.
Shahekou District is washed by the Yellow Sea in the south with 8 km coastline.
There are beautiful scenes,pleasant weather there.Many natural landscapes
and human commemorative views make it become a famous place for tourism,spending
holiday,and recuperaton. It affords a wonderful working and living environment
for the foreign merchants to invest and set up enterprises.
There are a station of passenger train and a station of cargo train which
is only 3 km off the Dalian International Airport and 4 km off the Dalian
Harbour in Shahekou District.Bus lines link all parts of this district.Its
perfect facilities for water,electricity,gas and advanced communication
afford the foreign merchants wouderful conditions in the respect of energy
resouces,traffic and communication to set up their enterprises.
Shahekou District is an important industry region and is also a developed
scientific research and culture education region. There are over 70 large
and middle scale enterprises run by the country,Liaoning Province and Dalian
City,respectively,7 universities/colleges and 7 scientific research institutes,which
give the important guarantee in the respect of technology and qualified
personnel for the foreign merchants to invest and set up their enterprises
in this district.
Shahekou District and its street economy has been developing rapidly.It
has over 900 enterprises and factories which cover machinery,chemi-industry,metallurgy,light-industry/textile,clothing,electronics,instrument
and so on.They supply the foreign merchants with ideal cooperative partners
to invest and set up their enterprises here.
Shahekou District would like to cooperate with Chinese and foreign friends
and jointly make our brilliant future.
Along with the development of Shahekou District and its enterprises,the
industrial system with a resonable structure and complete departments is
being formed gradually. A group of large high-tech enterprises which get
benificial results has being established.
Since 1985,merchants from 23 countries and regions have come to invest
and set up enterprises in Shahekou District.Foreign invested enterprises
have become an important component of its economy.
There are several well-known universities/colleges in Shahekou District,such
as Dalian Railway Institute,Dongbei University of Finance and Economics,etc.There
are also several research institutes in it,such as The Chinese Academy
of Sciences Dalian Chemistry Physics Research Institute,The Machinery Ministry
Dalian Combined Machine Tools Research Institute,etc.
Located in this area,XiAn Road,Chunliu Street and Heishijiao are all the
flourishing areas of commerce and trade in Dalilan.
More and more Chinese and foreign friends are being attracted to Shahekou
District for its advanced culture,education,science and technology,prosperous
commerce and trade,rich and peculiar scenic spots.
Real estate development projects,preferably residence housing projects.
Tourist industry development and related projects,like tourist resource.
In terms of investment methods,all forms of cooperation,including joint
venture,co-operation,solely foreign investment are welcome.
We also welcome other forms of investment desired by the investors.
Investment in manufacturing,including those products that produce
high add values and exports and generate foreign corrency revenues.
Manufcturing and assembly of electronics,automatic instruments and meters,equipments
for light industries,digital controlled machine tools.
Development and manufacturing of specialty chemicals,textiles,garments,metallurgical
prducts,building materials and food.
High-tech projects,especially high and practical technologies.
Corporate Income Tax
The state regulations provide that the micome tax for foreign invested
enterprise is 30% of the taxable income.
Those production foreign invested enterprises that operate in Shahekou
District shall pay corporate income tax at a favorable 24% tax rate.And
those enterprises that will operate more than 10 years shall be exempt
from corporate income tax in the 1st and 2nd year after they begin to generate
profits,and shall pay only half of this corporate income tax from the 3rd
through 5th profitable year.
For those enterprises that export their products,after the above favorable
treatment period expires,the rate of corporate income tax shall be 12%
if 70% or more of their gross products in the year are exported in the
same year.
Technically advanced enterprises can further enjoy 3 years of favorable
corporate income tax rate of 12% after the above tax benefits are over.
Local Income Tax
The state regulations provide that foreign invested enterprises shall
pay local income tax at 3% of the taxable income.
The foreign invested enterprises that operate in Shahelou District shall
be exempt from local income tax for 7 years after they begin to generate
profits.
Remitting Income Tax
Foreign investors remitting abroad their distributed profits from enterprises
will be exempt from remitting income tax.
Tax Drawback For Reinvestment
Foreign investors who reinvest their profits/dividends in China from their
enterprises for a period of or above 5 years can draw back 40% of the tax
they have paid for the reinvested amount;if they reinvest in technically
advanced enterprises or enterprises that export their products,they can
draw back all the tax they have paid for the reinvested amount.
Withholding of Incme Tax
Those overseas businessmen that have not set up offices or other organizations
in China but receive income of dividens,interests,rents,license fees and/or
other income sources from Shahekou District shall pay 10% income tax besides
other tax exemptions.But for those who have brought in capital or equioment
at favorable terms or transfered advanced technologies shall,with approval,enjoy
tax cut or shall be exempt from income tax.
Custom Duties
Machines and equipment,spare parts and other materials imported by the
foreign invested enterprises using funds from the total investment are
exempt from customs duties.
Raw materials,auxiliary materials,components,spare parts and packaging
materials imported by foreign invested enterprises for the purpose of manufacturing
products for export are exempt from customs duties.
No export customs duties shall be levied on exports of products produced
by foreign invested enterprises except for crude oil,oil products and other
products ruled as dutiable by the state.
VAT
VAT shall be paid by those foreign invested enterprises that sell goods,provide
manufacturing and repair labor or services and import goods.The basic tax
rate is 17%.The low tax rate is 13%.Tax rate for export by the tax bearer
is Zero.
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