Asian Biz Consulting Company Limited has been appointed by the Shanghai Local District Government to be its authorized and associated agency in recruiting qualified enterprises to be registered in the district.

More importantly, the Local District Government has been providing very supportive administrative services to the foreign investors. These have become the very valuable resources in assuring the investors’ competitiveness in their business.

In further supporting the recruitment of the investors, the District Government has offered an additional tax incentive to the qualified investors.

Asian Biz Consulting Company Limited will conduct some interviews and preliminary evaluation of the investors’ business before making a recommendation to the District Government. For any successful applicants, the company can enjoy the following tax incentives:

a) Business Tax

Out of the 5% of the Business Tax, there will be at least 18% of the business tax can be refunded annually in the three consecutive years. The actual business tax rate after rebate will be in 4.1%.

b) Value-added Tax

Out of the 17% of the VAT, there is 85% of which is for the Central Government and there is 15% for the Local District Government.

Under the incentive program, there will be at least 30 % VAT of the Local District Government can be refunded; The incentive can be enjoyed annually in three consecutive years;

c) Profit Tax

Under the incentive program, any qualified company will enjoy tax rebate in 24% of the profit tax
paid in the first two consecutive years and 12% rebate in the following three consecutive years.

Should you have further enquiry, please contact us at info@asianbizcenter.com.cn