(1)What are the medium-term and long-term plans for the area?
Medium-term goal: By 2012, QNHIDZ phase Ⅰ infrastructure framework will have taken shape, the supporting infrastructure in parks will be complete, a number of major projects will have settled and our leading industries will be developing. The Innovation and Entrepreneurship Service System will be firmly established, there will be a large number of personnel engaged in innovative/entrepreneuring work. Skilled personnel will assemble here and the incubator will play an important role. We will take the lead in energy-saving, emission reduction, recycling, resource intensive utilization and other environmentally sound methods of working.
Long-term goal: By 2020, QNHIDZ phase Ⅰ will be complete and cover an area of 41.4km². High-tech industry clusters and innovative enterprise clusters will have taken shape, independent innovation capability will have significantly increased, the international competitiveness of industries will have enhanced. The advantage of industrial parks will be fully in play and our profits and product quality will take the lead compared to other national high-tech industrial development zones. The output value of the high-tech industry will reach 220 billion yuan, accounting for more than 20% of the total in Qingdao.
(2) What is the standard for pollutant discharge in the zone?
For the total volume of permissible pollutant discharge QNHIDZ shall refer to state standards of pollutant discharge, Shandong Peninsula Standard for Pollutant Discharge and Standard for Sector-Integrated Eco-industrial Parks (HJ/T274-2006).
(3)What are the laws and regulations that foreign investors should get themselves acquainted with?
The Law of the PRC on Chinese-Foreign Equity Joint Ventures, the Catalogue for the Guidance of Foreign Investment Industries, Rules for the Implementation of the Law of the People’s Republic of China on Foreign-Capital Enterprises, Interim Provisions of the State Administration for Industry and Commerce Concerning the Proportion of Registered Capital and Total Amount of Investment of Chinese-Foreign Equity Joint Ventures, Measures for Administration of Registration of Resident Offices of Foreign Enterprises and Provisions on Guiding the Orientation of Foreign Investment.
(4)What are main taxes foreign enterprises usually involve in?
Corporate income tax, value-added tax, consumption tax, sales tax, urban real estate tax, personal income tax, deed tax, stamp duty and other tariffs.
(5)What is the provision on minimum registered capital of foreign-invested enterprises?
The minimum registered capital of foreign-invested enterprises shall be 30,000 yuan. The minimum registered capital of enterprises invested by a foreign investor shall be 100,000 yuan. For enterprises in certain specialized industries, the minimum registered capital shall be determined by specific regulations of that industries.
(6)Can foreign investors contribute their technology to become a shareholder?
Foreign investors can contribute their industrial property rights, proprietary technology or high-tech achievements owned as capital stock in the form of intangible asset investments. The appraised value of this kind of investment shall not exceed 70% of total registered capital of foreign-invested enterprises.
What are the regulations on investing capital?
With respect to newly established foreign-invested enterprises, 15% of the registered capital shall be put up 90 days after obtaining a business license and the remainder shall be put up within 2 years. With respect to foreign-invested enterprises which increased their registered capital, 20% of registered capital to be increased shall be put up before obtaining a business license and the rest shall be put up within 2 years.
(7)What is the state’s regulation on the ratio of total investment to registered capital of foreign-invested enterprises?
① With respect to enterprises with total investment less than US$3 million (including US$3 million), their registered capital shall account for at least 70% of the total investment.
② With respect to enterprises with total investment of US$3 million to US$10 million (including US$10 million), their registered capital shall account for at least 50% of the total investment. Among them, with respect to enterprise with total investment of US$3 million to US$4.2 million, the registered capital shall not be less than US$2.1 million.
③ With respect to enterprises with total investment of US$10 million to US$30 million (including US$30 million), the registered capital shall account for at least 40% of the total investment. Among them, with respect to enterprises with a total investment of US$10 million to US$12.5 million, the registered capital shall not be less than US$5 million.
④ With respect to enterprises with total investment more than US$30 million, the registered capital shall account for a t least 1/3 of total investment. Among them, with respect to enterprises with a total investment of US$30 million to US$36 million, the registered capital shall not be less than US$12 million.