In LETDZ, enterprises enjoy all preferential policies offered by the Central Government for state-level economic and technological development zones. Large projects conforming to the industrial guidelines can enjoy “one project one policy”.

【Preferential Policy in the Export-Processing Zone】

Enterprises in the Export-Processing Zone can enjoy not only all preferential policies offered by the LETDZ, but also can enjoy the following preferential policies:

◆ Preferential Tax Policies

Duty-Free. Taxable labor services and goods processed and produced in the zone are exempted from value-added tax, consumption tax. Machines, equipments, and moulds & dies for production use, parts & components for maintenance, construction materials, office appliances for self use, are all exempted from import duties and import linkage tax.

Tax-Rebate. Goods sold in the zone by enterprises outside the zone but within China’s boundary can enjoy related preferential policy of value-added tax rebate stipulated by the state. Machines & equipments, raw materials, parts & components, package materials, building materials in a reasonable volume, etc., can enjoy tax-rebate in accordance with export tax-rebate policy. Water, electric power and gas consumed by the enterprises within the zone for production use can also enjoy related tax-rebate policy.

Bonded. Raw materials, parts & components, package materials and disposable materials used for producing export products can enjoy 100% bonded.

◆ Foreign Exchange Administration

Goods produced in the zone sold abroad are exempted from the formalities for verification and write-off of export proceeds in foreign exchange, and import payment in foreign exchange is free from the formalities for verification and write-off of foreign exchange payment in import trade. Foreign exchange accounts of institutions within the zone are under an integrated management system without differentiating the foreign exchange settlement accounts and the foreign exchange special accounts.

◆ Quota Certificate

Goods leaving or entering the zone for or from foreign countries are exempted from the administration of import and export quotas and licenses, with the exception of otherwise provisions stipulated by the state.

◆ Custom Supervision

Processing trade enterprises are exempted from the bank deposit account system. The zone implements electronic account book administration to replace the Registration Handbook for Processing Trades, operates aggregate-abatement verification and write-off system once every half year, and employs filing system on the goods leaving or entering the zone for or from foreign countries. The above goods also enjoy a customs clearance mode of “one-time declaration one-time check, one-time inspection ” at the zone’s customs office, in accordance with the supervision measures of one-stop customs clearance and transition transport between customs offices.

◆ Commodity Inspection

Goods entering the zone from outside but within the boundary of China are exempted from commodity inspection. Goods used for processing export products, office appliances for self use, and consumer goods demanded by enterprises in the zone are exempted from quality inspection.

【Administration Fee Charging Policy】

LETDZ implements “two certificates and one card” united administration fee charging management system, industrial project is exempted from paying charges for urban public utility usage.