Tourism Investment Policy of Miyun

The preferential policy to attract investment in Miyun (detailed in the document [2004] No.38 of Miyun Government)

• Article 1. In order to promote the economy developing continually, stably and healthily, we warmly welcome the investors from other cities to invest in Miyun County. This policy is based on the situation of the current development.
• Article 2. The enterprise which can get the financial support should be introduced from other cities and registered in our county.
• Article 3. The degree of financial support depends on the factors such as the contribution to the finance income of the county, the moving effect of local economy and the labor force employment etc.
  1. Industrial enterprises
  The industrial enterprise which invests 50 million fixed assets amount of capital and the sales income is over 75 million, can get the financial support as much as 80% of the profit and tax of the enterprise; the industrial enterprise which invests between 20 million and 50million fixed assets amount of capital and the sales income is over 30 million, can get the financial support as much as 70% of the profit and tax of the enterprise; the industrial enterprise which invests between 5 million and 20 million fixed assets amount of capital and the sales income is over 7.5 million, can get the financial support as much as 60% of the profit and tax of the enterprise.
  2. Touring and trade enterprises
  The enterprise in the scenery spot which invests over 50 million, hotels and restaurants which invest 30 million fixed assets amount of capital, and commercial enterprise which invests 20 million fixed assets amount of capital can get the financial support as much as 50% of the profit and tax of the enterprise.
  3. Other enterprises
  For other introduced enterprises which formed over 1 million tax payment to the local finance income, can get the financial support as much as 50% of the profit and tax of the enterprise.
  4. For the enterprise not possessing the above mentioned conditions but can employ 300 labors every year, can also get the financial support as much as 50% of the profit and tax of the enterprise.
• Article 4. For the new introduced enterprise which satisfies one item of Article 3, the government will give 5 years’ financial support to the industrial enterprise, 3 years’ financial support to other enterprises since putting into production.
  For the former introduced enterprises, the industrial enterprise within 5 years’ preferential policy can get the support up to 5 years; the industrial enterprise which already enjoys 5 years preferential policy can get one year more. Other enterprise within 3 years’ preferential policy can get support up to 3 years; the enterprise which already enjoys 3 years preferential policy can get one year more.
• Article 5. To examine the introduced enterprise strictly, the county government formed a check group which is made of the County Development and Reform Commission with concerned departments participating to examine the financial support enterprises. After examining by the check group, the enterprises meeting the requirements can enjoy the financial support which is given by the County Bureau of Finance every quarter from the industrial development zone.
• Article 6. The financial support given by the county can only be used in extended reproduction, technical improvement, and new products development in the county. It can not be used in nonproductive disbursement.
• Article 7. The enterprise which has already enjoyed the relevant preferential policy of the country, can not get the financial support from the county finance any more.
• Article 8. The county government financially supports the development zone with funds to attract investment in accord with the amount of 15% of the profit and tax.
• Article 9. The revenue income from the introduced enterprise is brought into the administration of the village and town system. According to the managing of the village and town government financial system from the county, the support to the introduced enterprise consults this preferential policy and the support capital is settled by the finance of the village and tow
• Article 10.When the policy of China and Beijing changes greatly, this policy adjusts correspondently.
• Article 11. This preferential policy will be put into effect from April 1st, 2004. 
• Article 12.  For the problems in the executing, the Bureau of Miyun Country Finance is responsible for explanations.