Ningbo Economic & Technical Development Zone

Land Price

Ningbo Economic & Technical Development Zone (NETD) granted hi-tech foreign-funded enterprises extra preferential policies on land, on which access, power, water, steam, telecommunications, drainage, waste emission and land natural leveling are all available. The using right of the land for 50 years is at R.M.B.120,000/Mu (Equal to U.S.D. 21.8/Square Meter), with available of land licence (could be used as morttage in bank)

In NETD, standard factories are available for investors to lease at an average price of C.N.Y.10/Suare meter monthly.

Water Fee (RMB yuan/ton)

Category	Industrial use	Residential use	Commercial use	Use for hotels or construction
Price	2.25	1.65	2.25	2.25
The above fee includes water resource fee, water fee and wastewater treatment fee, among which the wastewater treatment fee is 0.10 yuan/ton.

Electricity Fee

Category	Voltage Grade	Referred Price	Summit price	Peak Time Price	Valley time price	Basic price Yuan/kva/month
Big-scale industrial usage	1-10 kva	0.556	0.988	0.657	0.428	20.00
	>=35 kva	0.541	0.639	0.639	0.471
	>=110kva	0.531	0.942	0.627	0.409
	>=220kva	0.526	0.933	0.621	0.405

Summit Time: 19:00-21:00, Peak Time: 8:00-11:00,13:00-19:00,21:00-22:00, Valley Time: 11:00-13:00, 22:00-8:00

Steam price

About RMB98-105/Ton, with normal pressure 7-8KG, temperature 170 degree. If special specification requested for pressure and temperature, could be negotiated separately.
Steam network construction fee: 60,000 yuan/ton within 3 kilometers, plus 10,000 yuan/ton for 1 kilometer extended

Tax list and tax incentives

Tax type	Basic rate	Incentives
Enterprise income tax	15%	2 years exemption and 3 years half deduction since the first profit making year.
VAT	17%	Could enjoy rebating for export accordingly to the rate issued by the State;
Education	4% of the VAT paid by the enterprise	Total exemption for wholly-foreign-owned enterprises
Individual income tax	5%-45%	For employee abroad 4000 yuan can be tax-free For domestic employee 1200 yuan can be tax-free
Real estate tax	1.2%	Accounted on 70% of the original value of the real estate
Vehicle & ship using tax	120 yuan/year for car and 40 yuan/ton. year for truck
Land contract tax	3% of the land price	3% of the total transferring cost of land
Stamp tax	Small amount with various kinds

Social insurance fee

	Types of Social Insurance	Proportion of the salary (%)		Remarks
	Types of Social Insurance	Paid by company	Paid by individual
1	Basic pension	20	7
2	Unemployment insurance	2	1
3	Industrial injury insurance	0.4 -1
4	Maternity insurance	0.5%
5	Medical insurance (beneficial after retirement)	11%+5 yuan		5 yuan for heavy disease

The Personnel Agency System of NETD

    Beilun(NETD) Human Resources Exchange Center is in charge of the personnel agency for foreign funded enterprises in the zone.
    Free service will be provided to manufacturing enterprises registered in NETD;
    R.M.B. 10Yuan/Head/Month will be charged to trading enterprises registered in NETD.

TEL:86-574-86783488 86783481

E-MAIL:mail@nbinvest.gov.cn