Survey of Weihai Export & Processing Zone

        Weihai Export & Processing Zone was set up by the approval of the State Council on Apr.27,2000 as one of the first 15 selected spots.

        Weihai Export & Processing Zone is located in the southern side of Weihai Economic & Technological Development Zone. The programmed area is 2.6KM2. It is 30KM to Weihai airport, 3KM to Weihai railway station, and 1KM to Weihai southern port. The special railway and roads are passing through the zone. The necessary facilities such as water, electricity, and heat have been completed, realizing "seven passed and one leveled", with perfect investment conditions.

Main Policies:

        To set up export-oriented menufacturing and processing enterprise, and storage and transport enterprise which aims at providing service for the Zone.

        The Zone implements "regulated, closed, and 'inland free area under customs control'" management mode, and the coming and going of goods follows the simplified procedures of "one time declaration, one time examination, one time inspection".

        The processing enterprises inside the Zone need not practice bank deposit account system and 'Processing trade Registration Brochure' management.

        No V.A.T and consumptive tax on processed goods and taxable labor services inside the Zone.

        Import & Export quota and licence management are not imposed to the goods going between the Zone and abroad, except those under passive quota management.

        None-forbidden processing trade of the state can be set up in the Zone.

        Imported construction materials, machines, equipments, molds, spare parts for maintenance and reasonable number of office articles are duty-free; and imported materials for production use are bonded.

        Products sold into the Zone are regarded as export and enjoy tax-refund policy.

        Income tax is leveied according to the present policy of Weihai Economic & Technological Development Zone.

        CITIC Industrial Bank will provide loan about RMB 1.6 billion yuan to the enterprises in the Zone.

        The Charge in the Zone will be free in principal except the necessary charge for the infrastructure.

        The Administrative Committee of Weihai Export & Processing Zone is the administrative management body of the Zone. It carrys on unified management while protects the legal rights of the enterprises.

        Weihai Export & Processing Zone warmly welcomes businessmen, friends from both home and abroad, overseas Chinese compatriots from Hongkong, Macao and Taiwan to visit and inwest for business in the Zone.

Brief Introduction | Investment Environment | Preferential Tax | Investment Procedures
Land Administration | Investment Insurance | Wages Administration | Investment Focus
Survey of Weihai Export & Processing Zone