BIZCHINA / Policies
Provisions For Encouragement Of Investment by Taiwan Compatriots
(gxi.gov.cn)
Updated: 2006-05-17 14:53
1.Taiwan investors shall adopt the following forms of investment
according to law. (1)To initiate joint ventures and cooperatively managed
enterprises and the enterprises that all capital are invested by Taiwan
investors. (2)To develop compensation trade, processing with supplied
materials from buys, processing according to buyers' designs. (3)To buy
enterprises and companies, contracting and renting enterprises and
companies. (4)To buy stocks, bonds and other securities. (5)To invest in
the field of real estate. (6)To obtain the right to use the land for
exploitation and operation of the large piece of land. (7)the other
approved forms of investment.
2.Taiwan investors according to the state's stipulation and approved by
the pertinent authority, establish holding company, investment company,
bonded factory and bonded warehouse; They can invest exploitation and
develop resources of mine and set up commerce, insurance, banking,
information, inquiry and other tertiary industries and education health
and physical education, etc.
3.Taiwan investors are encouraged to make investment in the following
projects: (1)energy, communication and other infrastructures. (2)basic
industries and importantly raw materials industry. (3)planting forestry,
animal husbandry and aquaculture, breeding industry as well as the
construction of infrastructure in these cirdes and their professing
industry. (4)development in tourism and other tour projects. (5)Hi-Tech
projects and advanced technology projects. (6)technological innovation in
the state enterprises. (7)project of obtaining foreign exchange by
export. (8)comprehensive utilization of resources and environmental
protection. (9)other projects that are encouraged by the autonomous
region.
4.Taiwan investors could invest in energy transport, city service and
construct other infrastructure facilities. They could operate matched
projects or compensated projects with the above projects after obtaining
the approval of the state and the autonomous region's pertinent authority.
5.Taiwan investors are encouraged to invest in the following zones:
(1)minority Nationality zones and poverty zones. (2)Industrial park with
investment of Taiwan compatriots. (3)Hi-Tech estate development zones
economic and technological development zones, tourism development zones
and other development zones.
6.The legal profit, dividends, bonus dividend, liquidated capital and
other legal incomes obtained by Taiwan investors as well as wages, other
legal incomes obtained by Taiwan compatriots and employees outside China
working in enterprises inested by Taiwan compatriots, can be taken or
remitted abroad and Taiwan.
7.Taiwan investors can, in accordance with law, obtain the use right of
site, The land users who have obtained the right to use the land by the
form of assignment can, within the duration of use, transfer, lease,
mortgage on or inherit the use right.
8.Investment of Taiwan compatriots shall not be practiced by on special
conditions, when levy must be practiced in accordance with the needs of
social public interest, it should be practiced according to the
legislation procedure, and Taiwan investors should obtain corresponding
compressions.
9.In the concentrated zones of enterprises with investment of Taiwan
compatriots, an association of enterprises invested by Taiwan compatriots
can be established according to law. The association should cut in
accordance with law, decrees and the approved articles of association and
it's legal rights and interests are to be protected by law.
10.Enterprises with investment of Taiwan compatriots shall be given the
priority by the pertinent authority and unit to obtain the supplies of
water, electricity, gas, transportation and communication for their
production and operation and the charges shall be paid same as those paid
by the local collective - owned enterprises.
11.Enterprises with investment of Taiwan compatriots which conform to
estate policies of the state and the autonomous region or projects that
making investment in development of resources in poverty zones, can widen
the scales of their products on domestic market. Projects in processing
industry which materials and spare parts for their production needn't
import and the income from profits aren't remitted abroad, can
concentrate their products on domestic market.
12.Taiwan investors can invest the advanced projects in agriculture
reserve such as planting, breeding, keeping fresh and transport, and they
will be given preferential treatment to pay rent and assignment royalty
on condition that the rights to use the land are obtained by the form of
assignment and leasing. The using land that used on the construction of
infrastructure in agriculture and on comprehensive development in
agriculture in minority nationality's region, can be treated same as
agricultural using land.
13.Enterprises with investment of Taiwan compatriots which are developed
the large pieces of the state-owned barren hills and invested the land in
planting breeding and scheduled to operate for 50 years or more, will be,
approved and examined by the authority, reduction of and exemption from
the fees paid to the autonomous region according to the pertinent
regulations, except the pertinent fees for obtaining the rights to use
the land. They will be, approved and examined by authority, exempted from
agriculture tax in the first three profit-making years.
14.For the working capital and other necessary loan fund in production
and operation, enterprises with investment of Taiwan compatriots can
obtain by applying loan to financial institution of the autonomous
region. Enterprises which conform to the state's estate policy and
regulation of loan, will be given the priority by bank to obtain loan.
15.The enterprises invested with capital or equipment presented by Taiwan
compatriots to their relatives or friends on mainland, and the capital or
the value of the equipment presented accounting for more than 25% of the
total registered capital shall, confirmed by Guangxi Zhuang Autonomous
Region People's Government, the municipal people's government and Taiwan
affairs office of prefecture administration offices, enjoy the pertinent
preferential treatments formulated by Guangxi Zhuang Autonomous Region
People's Government.
16.Taiwan investors and their families or relatives, and Taiwan
compatriots working in the enterprises invested by Taiwan investors, can
enjoy the following treatments: 1.they can make applications to public
security organs to undertake <<pass concerning Taiwan inhabitants coming
to the mainland>> extended, visa for temporary resident and visa for the
entry and exit.
2.Because of the need of commercial activities, they can make
applications to public security organs to undertake pass or papers of the
People's Republic of China in order to exit and leave for other countries
and regions.
3.In the region, they can enjoy the treatments same as native inhabitants
with the certificate of Taiwan investors in the field of riding,
purchasing commercial buildings, leasing housing, shopping, getting
accommodation, going to a doctor, visit and tour, installing private
telephone and children for going to nursery and school, unless otherwise
set forth in the law.
4.With the efficient drive license of motor vehicle attained from Taiwan,
they can obtain the drive license of motor vehicle of People's Republic
of China after passing the examination.
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