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Full Coverages>China>CIFIT 2004>Invest in Xiamen | |
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Development and Investment Zones in Xiamen
Xiangyu Free Trade Zone Xiamen Xiangyu Duty-free Area, approved by the State Council of the People's Republic of China, was founded in October 15, 1992. The planned area of Xiangyu Duty-free Area is 2.36 square kms and the first phase of Xiangyu Duty-free Area of 0.9 square kms was accepted by the Customs Bureau of the People's Republic of China and ran into operation in November 28, 1993.
Xiangyu Duty-free Area is planning concentrate on the development of five industries with the series of preferential policies given by China and the advantages of itself: duty-free processing (development of the processing and manufacturing with high technologies and high added value; repair of mechanical and electric equipment; classifying, packaging, label-sticking of commodities and other commercial processing), storage (development of duty-free import and export and entreport goods and becoming a center of supply and distribution), trade (development of internal and external trade, especially entreport trade and becoming an important channel of internal and external trade of the goods of home and abroad), goods distribution industry, and finally port industry (development and management of wharf, vessel and goods agencying, internal and international shipping). In addition, finance, insurance, commodity exhibition, real estate, transportation, information and other services are also allowed in Xiangyu Duty-free Area. Xiangyu Duty-free Area is located in the East Ferry in Xiamen Island and has a convenient overland, sea and air transportation. Xiangyu Duty-free Area has a complete system of infrastructure facilities: office buildings for investors, storage processing buildings and an exhibition hall of Xiangyu Duty-free Area have been finished; the connection of water, electricity and communications and the leveling of land for industrial and financial use have been ready and are able to meet the investment demand of trade persons, business persons in processing industry and commodity supply; the exclusive wharf for Xiangyu Duty-free Area is under construction and right now a 30,000-ton container berth has been completed and accepted and three more berths are under construction and two more berths have been approved as exclusive berths for Xiangyu Duty-free Area by the municipal government.
Investment environment Geographic position: Xiangyu Duty-free Area is situated in the northwest of Xiamen island. It is to the west of 319 State Highway, on the east of the Duty-free Port area, on the north of the East Ferry, and to the north of Gaoqi International Airport. Xiangyu Duty-free Area is only separated from Taiwan by East Sea and is in the experimental direct-sail port with Taiwan. Xiangyu Duty-free Area enjoys the advantage of its unique geographic position. Natural conditions: Xiangyu Duty-free Area has a subtropical oceanic climate: the annual average temperature is 21 Celsius degree (the recorded highest temperature is 38.5 Celsius degree and the recorded lowest temperature is 2 Celsius degree); the annual humidity is 78% (it is more humid from March to August and drier from October to January); the dominant wind direction all the year around on Xiamen island is northeast wind and the annual wind speed is 2.24-4.7 meter/second; the annual rainfall is 1,182 mm.
Transportation Sea transportation: Xiamen Port is 561 nautical miles to Shanghai, 389 nautical miles to Guangzhou, 287 nautical miles to Hongkong, 667 nautical miles to Manila, 222 nautical miles to Kaohsiung of Taiwan, and 816 nautical miles to Nagasaki of Japan. Xiamen Port has opened sea routes with more than 60 ports in more than 40 countries and regions including Australia, Japan, Singapore, USA, the former Soviet countries, Canada, Hongkong. In 1998, Xiamen Port handled over 16.39 million tons of goods, including more than 653,600 TEUs and ranked the sixth in all ports of Mainland China. Furthermore the first container liner in accordance with international standard in China has opened from Xiamen to Shanghai. Xiangyu Duty-free Area is situated in the East Ferry port, a deep-water excellent port. The exclusive port for Xiangyu Duty-free Area is connected with the Area and there are three container berths with a capacity of 20,000-30,000 tons, four general berths with a capacity of 10,000 to 20,000 tons. The port line is 1,406 meters and the land area in the port is 360,000 square meters. Land transportation: Yingtan-Xiamen Railway and Fuzhou-Wenzhou Railway (under construction) connect Xiamen with the national railway network; 319 and 324 State highway connect Xiamen with the national highway network; there are regular container truck lines between Xiamen and Shenzhen, and Xiamen and Hongkong. The passenger and freight transportation is very fast and convenient. Air transportation: Xiangyu Duty-free Area is 2 kms to Gaoqi International Airport. There are 62 air lines connecting with major Chinese cities and Hongkong, Singapore, Penang, Kuala Lumpur, Jakarta, Manila and other cities outside Mainland China and more than 760 landing and departure flights. In 1998, Gaoqi airport received and sent 3,495,600 passengers and the handling capacity of goods and mails in 1998 was 91,600 tons. The handling capacity of Gaoqi airport was the seventh in China in 1998. Supporting services: The Customs, commodity inspection, Industrial and Commercial Registration, taxation, banking, insurance, communications and other related departments have set up offices in Xiangyu Duty-free Area and will provide efficient and convenient services for investors.
Ten preferential policies Any economic organizations, enterprises and natural legal persons from either inside or outside Mainland China who invest in Xiangyu Duty-free Area will enjoy the following special preferential policies besides the preferential policies offered by Xiamen Special Economic Zone: The enterprises may make independent decisions on the development of production and processing, transit trade, duty-free storage, distribution of imported and exported goods, management of wharf, commodity exhibition, and other businesses. Goods inside the Duty-free Area enjoys a policy of free entry from and exit to areas outside Mainland China and are not restricted by +and quota. The processing business in Xiangyu Duty-free Area is not subject to the way of administration according to the categories of enterprises and goods. The imported raw materials, raw parts and packaging materials for production use are duty-free and no +and + account are necessary.
There is no ratio of internal and external sales for products made productive enterprises. The imported equipment, construction materials, office appliances, and spare parts for maintenance are exempt from customs duties, value-added tax and consumption tax. The imported goods can be stored in Xiangyu Duty-free Area and there is no limit of the period of storage. 10% of the business tax of the enterprises in Xiangyu Duty-free Area is returned. The enterprises in Xiangyu Duty-free Area may open foreign currency account and keep foreign currency for the + of capital. The imported goods of the enterprises of goods distribution in Xiangyu Duty-free Area may import in + and sell in + and the business tax is collected after the sales. Enterprises in Xiangyu Duty-free Area purchasing goods purchased from import and export companies or enterprise with the right of self-management of import and export outside Xiangyu Duty-free Area may delay the actual export procedure. If they have the necessary related forms and certificates, they may go through the related procedure of back-sales in Xiangyu Duty-free Area. The application for the exit of Mainland China of the Chinese personnel in need of business is easy and convenient and fast. Investment guide of industries Xiangyu Duty-free Area encourages enterprises to invest in the industries of processing, storage, trade and management of wharf. The investment in there industries enjoys the following advantages besides the preferential policies of Xiangyu Duty-free Area: Processing industry Xiangyu Duty-free Area has excellent duty-free storage facilities and service and the industry of storage is well developed. Thus Xiangyu Duty-free Area is able to provide service for the operation of the zero storage of productive materials and saves the occupation of + and speeds the + and increases the economic profit. There are separation facilities in the area and the businesses in the area have a high economic security. Enterprises can finish the procedures of the customs duties, taxation, commodity inspection, banking and other s and enhance the efficiency of enterprises and reduces cost of operation. The export enterprise in Xiangyu Duty-free Area is managed in EDI and the taxation of the exported goods is executed in a way of "no collection and no refund". Trade Trading enterprises have the rights of import and export in Xiangyu Duty-free Area and may engage in international trade and transit trade directly. Entry of goods into Xiangyu Duty-free Area only needs to be filed in the Customs'office. There is a complete set of supporting facilities for trade in Xiangyu Duty-free Area. Storage The cost of storage and management are lower than those in Hongkong, Taiwan and Southeast countries. Enterprises may make simple processing on the stored goods. The Customs administers Xiangyu Duty-free Area in a management mode of + and the supervision proceedings of the duty-free goods in Xiangyu Duty-free Area by the Customs is more simple and convenient. Enterprises may choose to participate in container make-up of goods, +, distribution of imported goods, deposit of foreign goods in warehouse, commodity exhibition and other businesses. Xiangyu Duty-free Area has several exclusive berths and it is very convenient for the storage and transportation of stored goods. Management of wharf The management of wharf in Xiangyu Duty-free Area is prosperous and has a lot of potentiality. As soon as the combination of Xiangyu Duty-free Area and Xiangyu Port runs into operation, the exclusive wharves will enjoy the preferential policies and functions. Jimei Taiwanese Investment Zone Jimei Taiwanese Investment Zone is an important gateway for Xiamen's economy. Jimei Taiwanese Investment Zone and Xiamen Island join together by Xiamen Bridge and Gaoqi Sea Wall. Jimei Taiwanese Investment Zone enjoys preferential policies.
Since Jimei Taiwanese Investment Zone was ranked to be a Taiwanese Investment in 1992, it optimized and improved the No.1 industry, adjusted the secondary industry, developed the service industry. And the economy is developing rapidly. The total production value in 1997 reached 231,500,000, an increase of 278.07% than 1993, an annual average increase of 42%. The gross outpur value of industry and agriculture reached 231,500,000, an increase of 388.72% than 1993, an annual average increase of 48%. Jimei Taiwanese Investment Zone paid great attention to infrastructure in order to speed up the economy. With several years' effort, Jimei Taiwanese Investment Zone's water and power supply, traffic condition and post office service are well equipped, supplied good condition for its development. The traffic is very convenient. The railway from Xiamen to Yingtan, 324 and 319 national highway, the highway from Xiam to Zhangzhou and Quanzhou cross the zone. Communiction equipment is quite advanced and complete. The water and power supply are abundant. At the same time, Jimei Taiwanese Investment Zone provided better environment and service for foreign investors. There are many foreign-funded enterprises in Jimei Taiwanese Investment Zone now, such as some famous international companies like TDK Company, Lin De Industry Gas Company and Dell Computer Company. More and more investors show great interest in this zone. Today's Jimei Zone has become a famous college village and it has a bright future. Xinglin Taiwanese Investment Zone Xinglin is situated on the northwest of coast of Xiamen Island. It occupies an area of 234.2 square km and has a population of around 200,000. The district is about 18 km from downtown Xiamen and 8 km from Gaoqi International Airport.
Xinglin enjoys a sub-tropical maritime monsoon climate. Pleasant weather, plentiful rainfall, evergreen landscape, fertile land and broad beaches all contribute to rich agricultural and aqautic products like vegetables, banana, longan, peanuts, shrimp, eel, and soft-shelled turtle. Xinglin is the place of origin for Xiamen's modern industry, and has relatively grown base for modern industries like textile industry, chemical industry, building materials, and smelting. Since its approval by the State Council as the "Xinglin Taiwan Businessmen Investment Zone" in 1989, Xinglin has become a hot spot favored by foreign investors. By the end of 1998, Xinglin District had approved the establishment of more than 275 Taiwanese funded projects with a total investment value of USD 1.624 billion and 179 of them had been put into operation. The industrial output value of Xinglin from enterprises in the three forms of sino-joint venture, cooperative business and exclusively foreign-owned enterprises accounted for 19.27% total that of Xiamen. Through ten years of development, historic changes have occurred in Xinglin. National economy grows at a fast and coordinated pace. All social undertakings are coming through a prosperous period. Xinglin has grown from an industial market town into an industrial export-oriented Taiwan Business Investment Zone full of vigor. Xiamen city selects the western seaside area as a breakthrough in its overall sketch as a metropolis. Impelled by this strategy, Xinglin is to be constructed as an economically developed modern international coastal city area where social functions are perfect, all businesses are flourishing, and people are affluent. Xinglin District has excellent transportation facilities. Xiamen Gaoqi International Airport is just 8 km away. Xinglin is also an important passageway for Yingtan-Xiamen trunk line and Xiamen-Zhangzhou and Xiamen-Quanzhou express highways. Two national highways 324 and 319 pass through Xinglin District. Xinglin investment zone faces sea in three sides, which makes it an important part of Xiamen harbour which is selected as one of the experimental ports for through shipping between Taiwan and the mainland. Haican Bridge and Xingyang Bridge connect Xinglin with Haican Investment Zone and Xiamen Island whose functions benefits Xinglin in all aspects. The crisscross highways of grade 1 and 2 and the round-the-city highway link all industrial areas, towns and villages together. To establish a better investment environment, the district administration works hard to provide consummate infrastructures like power supply, water supply, telecommunication and sewage treatment and necessary living facilities like schools, hospitals and places for recreation, and etc. For the convenience of investors, some financial institutions, customs and commodity inspection bureaus have established their branches and agencies in Xinglin. A simple but efficient process is carried out for handling affairs in the district. All items that need to be examined and approved can be jointly done. The district puts into operation the system of "unitary charges at one window". Charges for handling affairs were exempted or cut down at the most possible limitations. Besides the country's and Xiamen's related preferential policies, Taiwan and foreign enterprises in Xinglin can also enjoy more preferential policies of Xinglin as follows: 1. Invested projects that conform to one of the following terms can have a 20% off land cost with approval from the district administration: (1) with an investment over 3 million US dollors; (2) with advanced technology and good industry relevance; (3) funds for self-use land paid in two months since the date of contract. 2. Investment in industry items can be exempt from comprehensive accessary charges of land for 3 years. 3. Preferential treatments on land cost and management charges are provided to foreign investment in market exploitation and construction, real estate, travel industry and other tertiary industries. 4. Foreign enterprises in the district can have a 20% off on land applied with added funds. Especially Recommended Projects of Investment 1. Middle Aisa Industry City Covering an area of 2 million sq. metres, Middle Aisa Industry City is solely invested and developed by Asia World (HK) Develop Co., Ltd. This is a comprehensive investment area that have collected the functions of high technology industries, commerce, finance, office, residence, recreation, and etc. About 70% of the project land will be developed as high-tech industry areas and the rest for commercial centre, office buildings, residential houses, schools, hospital, posts and telecommunications and other necessary functions. When the project is finished, Middle Aisa Industry City will become a newly developed modern area of Xinglin with rational program and construction in good order. Up to now, the project has finished the work of roads construction, power supply, drainage systems, telecommunications and land levelling. The company has designated an area of 700,000 sq. metres for investment under the entrustment of the district administration. 2. Xinglin Coastal Residential Quarter and South Xinglin Residential Quarter The two residential quarters are located seperately in east seaside of Xinglin District and the manufacturing zone in the south. As important seaview spots, the two locations are very ideal places for residence. Xinglin Coastal Residential Quarter occuping an area of 127 hectares and 23.5 hectares of the land will be used for building villas. South Xinglin Residential Quarter covers an area of 18 hectares and is consisted of 4 parts. 3. National Agricultural Comprehensive Development Region of Xinglin Approved by the state in 1999, the project covers nearly 60,000 mu cultivated land in the three towns of Dongfu, Haicang and Xinglin. In the light of overall investment for agricultural exploitation, land regulation, diversified economy and setting up top items, by constructing basic agricultural facilities and transforming land of low produce, the project aims to construct a vegetable base of high-yield and high quality and a famous fruit trees base of fine quality on hilly regions. Haicang Taiwanese Investment Zone
The advantages of the location of HIZ HIZ has an excellent port. Haicang Port is an important part of Xiamen Harbor
and is a direct sail experimental port between the two sides of the Taiwan
Straits. According to the planning, 36 ten-thousand-ton berths can be built in
Haicang Port and the cargo handling capacity is 70,000,000 to 90,000,000 tons
and Haicang Port is an important cargo seaport in the southeast coast of
China. Transportation: HIZ has a unique 3-dimensional network of sea, overland and
air transportation. Haicang Port has built a 30-thousand-ton container berth, a
20-thousand-ton break-bulk berth, a 10-thousand-ton oil wharf and a
35-thousand-ton coal wharf and is planning to build a construction materials
wharf, a chemicals wharf and other wharves used for special purposes. The
container berth has opened the sea routes to the West Coast of the USA, Manila,
Japan, Korea, Hongkong and Taiwan. HIZ is 10 kms from Gaoqi International
Airport, a major aviation hub in East China. Haicang railway line is connected
with the national railway network. Fuzhou-Xiamen-Zhangzhou-Quanzhou Expressway
and 324 State Highway pass beside HIZ and 319 State Highway goes through
HIZ. The industrial basis and orientation in Haicang Invested enterprises in HIZ The urban support of Haicang Xiamen port is one of the ten largest ports in China and has opened sea routes with over 60 ports of more than 40 countries and regions. The regular international and regional shipping lines go to USA, Germany, Belgium, UK, Holland, Japan, Southeast Asian countries, Korea, Kaohsiung, Hongkong and other ports. Xiamen Gaoqi International Airport has opened 62 international and national air routes, including international lines to Singapore, Penang, Kuala Lumpur, Manila, Jakarta, and Osaka, with some 380 flights of departure. Postal service and telecommunications in Xiamen: Satellite ground stations have been in operation; long distance direct dial service is connected with 210 countries and regions and more than 1,800 cities in China; there are also some 20 services available, including DDN, packet switching, EDI, EMS, telephone message, and facsimile; communication with the outside is very fast and convenient. Financial service: In addition to the state-owned commercial banks, the Sino-foreign joint Xiamen International Bank, and the foreign-funded Xiamen Commercial Bank￡?Hongkong-Shanghai Bank Co. Ltd. (HK), the Bank of the Orient (USA), the Standard Chartered Bank (UK), Credit Lyonnais Bank (France), Citibank N.A. (USA), the Dai-Ichi Kangyo Bank (Japan) and other foreign banks have set up their branches and representative offices in Xiamen. International schools: There are 2 international schools in Xiamen-Xiamen International School, and Xiamen Minxia International School; these two schools provide education from kindergarten to high school; English is used as the first language in both schools; the education in these two schools is compatible with international education. Science and technology and culture: Scientific research and education in Xiamen is well-developed: there are 120 scientific research institutions, 3 universities, 12 secondary professional schools; 10% of the urban population has at least a diploma of community college; and thus the city is able to provide different kinds of labor with professional training for the development of enterprises. Entertainment and service trade: The entertainment trade in Xiamen is also prosperous. There are several golf courts, sports centers and many dances and discos, and other facilities as well. Xiamen also has a five-star hotel-the Mandarin Hotel, and many three-star and four-star hotels. Preferential policies in Haicang 1. Productive foreign-invested enterprises with an operation period of more than 10 years are entitled to the tax holiday for the first two profit-making years and a 50% tax concession for the following three years. 2. At the maturity of the above-mentioned tax holiday and concession, foreign-invested enterprises shall enjoy a preferential tax rate of 10% in the following three years when they export 70% or above of their yearly output. 3.Foreign-invested enterprises with advanced technology shall be legible for the same preferential tax rate of 10% for the following three years after they are verified as enterprises with advanced technology. 4. Foreign-invested enterprises of service industry with foreign investment exceeding US $ 5 million and an operation period of more than ten years are qualified for the tax exemption for the first profit-making year and 1 50% tax concession for the following two years. 5. Foreign-invested power plants, ports, wharves, and other infrastructures with an operation period of 15 years are entitled to the tax holiday for the first five profit-making years and a 50% tax concession for the following five years. 6. Foreign investors of a foreign-invested enterprise who has reinvested their profits from the enterprise into the same enterprise, in increasing the registered capital, or in establishing another enterprise with an operation period of no less than five years shall enjoy a 40% refund of the tax on the reinvested profits. If such profits are invested in establishing or expanding an export-oriented enterprise of a technologically advanced enterprise with an operation of no less than 5 years, the enterprise shall enjoy a 100% refund of the tax on such reinvested profits. 7. The profit, interest, leasing income, the charge on the use of the
chartered right and other incomes of foreign-invested enterprises shall enjoy a
preferential business income tax rate of 10%. Foreign-invested projects which transfer technology and fall within the Encouraged Projects or Restricted (B) Projects on the Industrial Catalogue Guiding Foreign Investment are exempted form customs duties and value-added tax on the imported self-use equipment within the investment amount, except those commodities listed in the Catalogue of Non-Duty Free Imported Commodities of Foreign-invested Projects. Foreign exchange Labor Land HIZ provides the five-connection-one-level land, i.e. the lines of water
supply, communications, wastewater, and flood drainage are connected to the road
beside the land, electricity supply is connected to the shutter boxes between
patches of land, and the land is leveled according to planning. Land of the
investment in industrial projects may pay the fees of land in two ways: 1. If
the fees of land are paid off in 2 months after the signature of the contract,
the investors may enjoy a 25% off from the standard price of land; 2. The fees
of the land of projects with large investment may be paid in installment in two
years according to the standard price of land after approval. In addition to the normal entry and exit administration, landing visa, application of certificates after landing, and landing comment on passport are also available in Xiamen port. Foreign citizens may apply for a five-day Foreign Tourist Visa after landing
in Xiamen Port with their effective passports. Taiwan residents may apply for a one-time-use Laissez-passers for Taiwan
Residents with their effective Taiwanese Passports after landing in Xiamen Port;
Taiwan residents holding the Laissez-passers for Taiwan Residents with an
effective duration of five years may apply for a one-time-use comment (with an
effective period of three months) on their Laissez-passers after landing in
Xiamen Port. In addition investment in cash, investor may also invest with plant building,
equipment, industrial property, proprietary property and others. The investment procedure in HIZ Talk over project?úapplication for preliminary accreditation of the name of the enterprise at Industrial and Commercial Administration Bureau?úApproval of the establishment of the company by Bureau of Economic Development?úIssue of approval certificate by the Municipal Foreign Investment Executive Committee?úRegistration of the enterprise at Industrial and Commercial Bureau; registration of at customs, taxation bureau, foreign currency administration, commodity inspection bureau and other necessary offices?úApproval of the establishment of the project at Bureau of Economic Development?úProject construction proceedings at Bureau of Construction The application documents for establishment of enterprises shall be submitted
in four copies: Name list of the Board of directors, letters of appointment general manager and vice general manager and their identity certificates; resume of the chairman of the board of directors and his recent picture; and a recent picture of corespondent. Copy of the business license issued by the authority in the residential
country or region of the investor(s) (individual investor should submit a copy
of his/her identity certificate). Other documents which the approval departments think necessary. The application documents for the preliminary accreditation of the name of
the enterprise Investment service at HIZ The Administrative Committee of Xiamen Haicang Taiwanese Investment Zone (hereinafter abbreviated as ACXHTIZ) is an agency sent by Xiamen Municipal Government. Enterprises can go through establishment of enterprise, establishment of projects, registration of enterprise, application of the use of land, construction of workshop building, and other proceedings. ACXHTIZ also provides a whole set of free services of investment consultation, preparation of the materials for the establishment of enterprise, assistance in the handling of the proceedings of the establishment of project, and others for enterprises and gives assistance to enterprises in the solution of the difficulties in the process of setting up business, beginning of production, and operation. Xiamen High and New Technological Career Building Center (XHNTCBC) Guidelines:
* The registered capital is RMB 8,000,000; the total assets are RMB 16,000,000; the brooding area covers 4,300 square meters; * 20 enterprises have entered the center; more than 30 high and new technological achievements are being brooded; * There is a registry office of XTHIDZ and Xiamen office of the Chinese Hi-tech Industrialization Cooperative Organization
Items of service:
Guidelines:
To provide a coordinated process of service for the foreign investors, including carrying out the preparatory work for them, doing feasibility research for their projects, and handling capital acceptance, customs registration, business registration, legal person code registration, tax registration and other applications for approval. To provide follow-up service for the foreign-invested enterprises in XTHIDZ
and help them to solve concrete difficulties. Xiamen Torch Hi-tech Industrial Development Zone
The target of XTHIDZ is to carry out the national "Torch Plan", to promote the combination of the achievements in scientific research and scientific and technological forces of inland scientific institutions and higher educational institutions and the open policies of the Special Economic Zone, to attract technology and capital form home and abroad, to establish an export-oriented production base formed mainly by hi-tech industrial enterprises in the Chinese-Chinese-foreign model, and realize the commercialization, industrialization and internationalization of high technology.
Orientations of development ntroduction of the projects in XTHIDZ Investment environment Investment policies Export Processing Area Xiamen Export Processing Area is one of 15 export processing areas ratified
by the State Council and the only export processing area in Fujian province. The
Export Processing Area is located inside Haicang Investment Zone, covering an
area of 2.65 sq. Km, 10 kilometers away from Xiamen International Airport, 1.5
kilometers from Haicang Harbor, and 3 kilometers from Haicang Railway Station.
The export processing area shall exercise the extraterritorial administration
inside the customs border. |
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