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Guiyang bonded zone receives new bonus

By Jia Tingting ( chinadaily.com.cn )

Updated: 2014-04-02

The comprehensive bonded zone in Guiyang, Southwest China's Guizhou province, has received a new bonus to boost its development.

The Guizhou provincial government has issued a measure recently that the comprehensive bonded zone can enjoy favorable policies in foreign exchange, financial service, finance and tax support, land utilization, layout and construction, employment, project arrangement and administrative simplification.

The Guiyang comprehensive bonded zone, approved by the State Council in September 2013, hopes to meet the national acceptance standards by September this year. Its total foreign trade value will hit and exceed $10 billion by the end of 2017.

Executive managers and key technique staff, who have signed a three-year contract with the comprehensive bonded zone of Guiyang, can get a housing allowance of 100,000 yuan ($16,000) to buy apartments.

High-tech enterprises with national support will pay corporate income tax with a tax rate of 15 percent.

The Guiyang comprehensive bonded zone will receive a one-off incentive fund of 50 million yuan as part of a special fund for Guizhou’s open economy to support its construction.

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