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Documents and Regulations

The Investment Preferential Policy for Qingdao Economic and Technological Development Area

2017-11-21

Preferential tax
  The enterprises identified as hi-tech enterprises may enjoy a corporate income tax at a reduced rate of 15%.
  The R&D costs of enterprises for development of new technologies, new products and new processes are multiplied by 150% to deduct the taxable income.
  The qualified scientific research and development institutions may enjoy the exemption from import duty, VAT and consumption tax for the imported products in reasonable quantity for scientific and technological development which cannot be produced in China or of which Chinese equivalent cannot meet the requirement for performance.
  For a venture capital investment enterprise that invests in a non-listed middle and small-sized hi-tech enterprise by means of equity investment for 2 years or above, if relevant conditions are met, 70% of its investment amount can deduct its taxable income of the year when he has held the stock right for two full years, the remaining investment amount not deducted may be carried over and deducted during the following taxable years.
  The real estate and land for own use of scientific and technological enterprise incubators and national university scientific and technological parks or supplied to incubator enterprises free of charge or by means of leasing are exempt from real estate duty and tax on using urban land; The income from leasing premises, houses to incubator enterprises and providing incubating service are exempt from business tax; The income in accordance with conditions for non-profitable organizations enjoy preferential tax according to Tax Law and relevant regulations.
  After identification, the newly established software enterprises can enjoy exemption from corporate income tax during the first and the second profitable years and half corporate income tax from the third year to the fifth year. The integrated circuit design enterprises are regarded as software enterprises and enjoy the same policy.
  The integrated circuit manufacturing enterprises of which the investment exceeds RMB 8 billion Yuan or of which the diameter of integrated circuit line is less than 0.25 micrometer can enjoy a corporate income tax at a reduced rate of 15%, among which, the enterprises with a duration of business of 15 years or above can enjoy exemption from corporate income tax from the first profitable year to the fifth profitable year and half corporate income tax from the sixth year to the tenth year.
  After identification, the enterprises that producing integrated circuit finer than 0.8 micrometer can enjoy exemption from corporate income tax during the first and the second profitable years and half corporate income tax from the third year to the fifth year.
  Support by subsidiary
  The newly introduced regional headquarters of transnational corporations, enterprises directly under central management, national Top 500 enterprises and Top 500 private enterprises will be subsidized by 100% of the tax paid to form local financial revenue during the first three years and subsidized by 50% during the following three years. The regional headquarters which satisfy certain conditions will be subsidized once for constructing, purchasing or leasing office and business houses for their own use. A foreigner who works in a regional headquarter and needs a multiple entry and exit visa may apply for a visitor’s visa valid for one year. A foreign senior manager or an important professional who needs long-term stay in Qingdao may apply for a foreigner residence permit valid for one year to five years.
  The independent accounting R&D institutions established in Hi-Tech zone by transnational corporations and domestic large enterprises may, after identified, enjoy relevant preferential policies for hi-tech enterprises according to the Tax Law. They will be subsidized by 100% of the tax paid to form local financial revenue during the first three years and subsidized by 50% during the following three years. The income from technological development, transfer of technology and relevant technical consultancy and technical service carried out by foreign R&D institutions is exempt from business tax after getting approval.
  The individual income tax paid by senior managers and R&D persons introduced by regional headquarters, R&D centers and Global 500 enterprises and reserved for local financial revenue will be rewarded in a certain percentage as subsidy for purchasing houses and cars. To establish medical archives for senior talents and open medical green channel for them. The introduced senior talents and their families can settle down in Qingdao. The children of introduced senior talents who go to school in Qingdao will be arranged as per the Measures of admission to school of the children of senior talents introduced in Qingdao.
  Support by funds
  Special fund for service outsourcing development of Qingdao is used to construct the national service outsourcing base, to support the policies for software export base, to support training of talents, certification of enterprises, construction of public platforms and exploration of markets and to support purchase and leasing of houses, loans and taxes.
  Special fund for scientific and technological trade promotion is the supporting fund for constructing national scientific and technological trade promotion and innovation base, to support the construction of export innovation technology service system and public technical information service platform and to encourage the technical transformation and R&D of enterprises exporting hi-tech products.
  The hi-tech enterprises and the independent accounting foreign R&D institutions and national R&D institutions in the Hi-Tech Zone will be supported in capital construction costs and R&D expenditures.

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Management Committee of Qingdao National High-tech Industrial Development Zone ICP:09087849