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Laiyang is located in the middle of Shandong Peninsula, bordering Haiyang on the east, Laixi on the west, Qixia and Zhaoyuan on the north and Jimo on the south.
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Located in the middle of Shandong peninsula, Laiyang is well know for the "hometown of pears", covering a total area of
1731．54 kilometers and a coastline of 27 kilometers. The population of Laiyang totals 900,000. Laiyang lies on the longitude of 20°31'E and the latitude of 36°34'N. Laiyang is in the north temperate East Asia monsoom zone, which features four seasons. The annual precipitation averages 800 mm and the temperature 11.2°. |
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-Laiyang Foreign Trade and Economic Cooperation Bureau
-Laiyang Investment Promotion Bureau |
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-Investment Procedures for Solely Foreign-funded Enterprises
-Procedures for Equity Joint Ventures and Contractual Joint Ventures |
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Laiyang practises the relevant preferential polices for opening coastal cities. The manufacturing foreign-funded enterprises with a business period of over 10 years, enjoy tax reduction and pay income tax by 24%. For the first and the second year after they gain profits, they are free from income tax and from the third year to the fifth year, they only pay half of the income tax.
If the manufacturing foreign enterprises are involved in technology and knowledge concentrated projects, in projects whose investment exceeds 30 million dollars or in energy and transportation, they pay income tax by 15%. As to the enterprises that entered Laiyang Export-oriented Industrial Park three years before the park was set up, 100% of the added value to the local government will be returned for the first year. For the second year, 50% will be returned.
For the export-oriented foreign-funded enterprises, after
the income tax-free period expires, they can be exempted
from 50% of their income tax, if their yearly export value
occupies over 70% of the whole year. |
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