Notice of Ezhou Municipal People’s Government on Printing the Measures to Encourage Investment Promotion in Ezhou

E.Z.Z.F.[2021] No.11

People’s Government of Districts, and the Management Committee of Gedian Development Zone and Airport Economic Zone, Departments Directly Under the Municipal People’s Government:

The Measures to Encourage Investment Promotion in Ezhou are now hereby printed and distributed to you, please implement them conscientiously.

Ezhou Municipal People’s Government

November 17, 2021

The Measures to Encourage Investment Promotion in Ezhou

In order to further facilitate the investment promotion which is a top priority of Ezhou city, stimulate the vitality in investment promotion and advance the high-quality development of Ezhou city, these measures are hereby formulated in accordance with the spirits of relevant documents of the country, Hubei Province and Ezhou city and based on the reality of Ezhou city.

Article 1 Land for the project

(I) Land for industrial projects

For the newly introduced industrial projects requiring “standard land”, the industrial support will be provided if it is verified that the average fixed asset investment is no less than 3 million yuan per mu after the newly constructed project is accepted and the average tax revenue is no less than 250,000 yuan per mu after the project is put into production, and such project meet the conditions for land grant and use of “standard land”. The land will be firstly offered to the industrial projects that are in line with the development planning of dominant industries of Ezhou city and that require use of a large area of land. Where the land is granted for the maximum term of years, the land grant price will be 70% of the price of standard land in the location of the project. For major investment projects, the long-term lease, first-lease-then-transfer, lease-transfer-combined land use should be actively implemented. The land use term shall be determined according to the industry cycle. The enterprises shall be allowed to pay the land grant price by installments within one year and the down payment shall not be less than 50% of the land grant price.

(II) Land for logistics project. The land used for agricultural products wholesale project meeting the layout planning of logistics in Ezhou or the land directly used for reserve, transfer, distribution, sales, transportation and loading and unloading of goods and the corresponding auxiliary facilities (except for the land with the market transaction functions of wholesale and retail of goods) can be granted according to the minimum price of industrial land in the project location.

(III) Land for cultural tourism and health-keeping projects. Among the tourism projects, if the land is used natural landscape, planting and breeding, the land will not be acquired (recovered) and changed of the use purpose and will remain its current use purpose and thus be managed. For the tourism projects constructed on barren hills, waste land, waste beaches, the minimum land grant price can be not less than the sum of the land acquisition cost, the land development cost at the earlier stage and relevant charges according to regulations.

Article 2 Incentives for fixed asset investment

(I) Incentives for industrial project investment. The enterprises with a total of actual fixed asset investment (excluding the land purchase cost, the same below) of more than 100 million yuan but less than 500 million yuan (subject to the audited balance sheet, the same below) within two years of the registration date and that having made outstanding contribution to the economic development of Ezhou will be offered a lump-sum reward according to 3% of the actual fixed asset investment. Those having a total of actual fixed asset investment of more than 500 million yuan but less than one billion yuan and made outstanding contribution to the economic development of Ezhou city will be offered a lump-sum reward according to 4% of the actual fixed asset investment. Those having a total of actual fixed asset investment of more than one billion yuan and made outstanding contribution to the economic development of Ezhou city will be provided a lump-sum reward according to 5% of the actual fixed asset investment. The projects conducting technical reform and expansion of the above-scale industrial enterprises of Ezhou city will be regarded as the investment promotion projects and offered rewards with reference to the provisions of this article when the input of the current year reaches the above requirements.

(II) Incentives for investment in cultural tourism and health-keeping projects. The newly introduced self-held and not-for-sale pure cultural tourism and big health projects will be offered the subsidies for infrastructure construction according to 3% of the actual fixed asset investment if such projects meet the requirements of green new industry catalogue and have the actual fixed asset investment of more than 100 million yuan (inclusive) and less than 500 million yuan. If such projects have the actual fixed asset investment of more than 500 million yuan (inclusive), such project will be offered subsidies for infrastructure construction according to 5% of the actual fixed asset investment while the maximum amount of subsidies will be 50 million yuan.

(III) Incentives for investment in business service sectors. The business service projects with fixed asset investment of 50 million yuan and retained portion of fixed asset investment for operation accounting for more than 50% of the total fixed asset investment will be provided a reward of 2 million yuan after the projects are built and put into use. When the fixed asset investment increases by 10 million, the reward will be increased by one million yuan, by analogy. The maximum reward will be 10 million yuan.

(IV) Incentives for investment in agricultural industrialization projects. The newly introduced agricultural products deep-processing projects with a lump-sum fixed asset investment (plant and equipment) of more than 100 million yuan (inclusive) and less than 500 million yuan will be rewarded as per 3% of the fixed asset investment.

(V) Support for the major projects requiring specific incentives. The major projects with large amount of fixed assets investment, high industrial relevancy, large driving effects and significant contributions to tax revenue will be supported based on the specific conditions upon approval of the CPC Ezhou Municipal Committee and Ezhou Municipal People’s Government.

Article 3 Incentives for actual contribution

The projects reaching the certain requirements on fixed asset investment will be rewarded according to certain proportion of its actual contribution for a consecutive five years after they are put into use.

Article 4 Incentives for foreign investment

The foreign-invested enterprise which newly settles in Ezhou city will be rewarded as per 3% to 5% of the actual input of investment if its actual input of investment in the current year reaches more than five million US dollars or equivalent (inclusive, subject to the FDI date of the State Administration of Foreign Exchange). The maximum reward will be 10 million yuan.

Article 5 Support for headquarter economy

Where the headquarter enterprise leases, purchases or builds new offices, subsidies as per 50% of the average price of rental in the same area will be provided. The cumulative reward for single item of general headquarter enterprises in five years will not exceed two million yuan and the cumulative reward for single item of functional headquarter enterprises in five years will not exceed one million yuan. Where an enterprise among Fortune Global 500 sets general headquarter enterprise in Ezhou, such enterprise will be given a lump-sum subsidy of three million yuan. If it sets functional headquarter enterprise in Ezhou, it will be offered a lump-sum subsidy of two million yuan.

Article 6 Support for enterprise listing

For enterprises listed on the Shanghai and Shenzhen Stock Exchanges, the municipal financial bureau will offer a maximum reward of 20 million yuan (including four million yuan from Hubei Provincial Government). For enterprises listed on the New York Stock Exchange, the NASDAQ Exchange, the Hong Kong Stock Exchange and other major overseas exchanges, the municipal financial bureau will offer a lump-sum reward of 15 million yuan (including three million yuan from Hubei Provincial Government). The enterprise listed both on the A-share and overseas are entitled to both of the above rewards.

For the domestically or internationally listed enterprises of other cities which are introduced into Ezhou and invest and operate in Ezhou, or the enterprises of Ezhou which change their registered place and tax payment location into Ezhou and operate in Ezhou according to law after they get listed by taking advantage of the policies of other cities, the municipal level financial bureau will offer a lump-sum reward of 15 million yuan (including three million yuan from the Hubei Provincial Government).

Article 7 Support with industrial funds

Ezhou will set up an industrial fund of 50 billion yuan. The projects meeting the development planning of dominant industries of Ezhou, strategic emerging industries and leading projects of modern service sectors can apply for the municipal level industry guide fund.

Article 8 Subsidies for logistics cost

The newly introduced industrial enterprise will be offered the subsidies for logistics cost according to 10% of its total annual logistics cost when the enterprise reaches the target output and certain standard on contribution to the economic development of Ezhou city. The subsidies will be given for a maximum five years and the annual subsidies will not be more than three million yuan.

Article 9 Talents support measures

When the enterprises introduces talents that are in line with qualification requirements of “333 high-level innovation and entrepreneurship talents plan”, “New Ezhou” industrial leading talents plan, “thousand masters introduction project” of enterprises, such enterprises are entitle to corresponding support policies. Within three years of the first tax payment year, the senior executives of the enterprises (including member of the Board of Directors, no more than 10 people for a single enterprise) whose contribution to the economic development of Ezhou reaches certain standard will be given a certain amount of reward. The government of the project location will be responsible for assisting with the recruitment, subsidizing according to the standard in “I Chose Hubei-Young Elites Gather in Ezhou” plan, implementing the policies on house security policies and schooling of their children and other supporting services.

Article 10 Incentives for individuals or units helping investment promotion

If the social organizations which are jointly confirmed by the investing party and the investment promotion department of the project location (including the intermediary agencies, chambers of commerce and associations) or individuals (excluding the civil servant and investing party) successfully introduce an industrial project with a lump-sum fixed asset investment of more than 200 million yuan, such organizations or individuals will be rewarded as per 2‰ of the actual input in the fixed assets (plant and equipment). The maximum amount of reward will be four million yuan. The reward will be paid by installments. 30% of the reward will be paid when the project construction commences and the reference plane of the body work is completed and the remaining 70% will be paid after the fixed asset investment is completed according to the contract and the project is put into use. The organizations or individuals who successfully introduce projects with fixed asset investment of more than two billion yuan will be rewarded based on the specific conditions. These measures shall be valid within three years from the date of execution of the contract.

The policies and funds for rewards and subsidies specified in these measures, unless otherwise explicitly expressed, shall be implemented and raised by the local level governments of the project locations. The policies shall be implemented under organization and coordination of the departments directly under the municipal government that are responsible for the specific matters. If the same enterprise (project) meets multiple requirements for reward of these measures or meet the requirements for reward of the same type as specified in other policy documents of Ezhou city, such enterprise (project) shall be rewarded as per the provision which offers the maximum amount of reward while no imposition of reward will be offered. The taxes related to the rewards shall be borne by the enterprises or individuals receiving the rewards. Where the rewards-winning enterprises or individuals violate their commitments or have fraudulent behavior in obtaining the rewards or subsidies, the fund paid shall be recovered once the violation or fraudulence has been confirmed and the main responsible person and relevant personnel of the enterprises shall be held accountable.

These measures are applicable to the projects which coincide with the industry development orientation of Ezhou city, have registered as independent legal person and promise not to change their obligation of tax payment in the project locations for at least ten years.

These measures shall come into effect as of the date of issuance. The contracts signed by the date of issuance shall be performed according to the original agreement. The interpretation of these measures shall be vested in the Investment Promotion Service Center of Ezhou City.