Legal analysis: Ten preferential policies for the development of Pudong, Shanghai:

1. Productive "foreign-funded" enterprises in the area are taxed at a reduced rate of 1.5%; If the operation period is more than ten years, it will be exempted within two years and levied at half in three years from the profit-making year.

2. The import of necessary construction machinery, equipment, vehicles and building materials in Pudong Development Zone shall be exempted from customs duties and consolidated industrial and commercial tax. The equipment, raw and auxiliary materials, transport vehicles, office supplies for personal use, foreign-funded enterprises in the area shall be exempted from customs duties and consolidated industrial and commercial tax; Export duties and consolidated industrial and commercial tax shall be exempted for products that meet the requirements of the state.

3. Productive projects invested by foreign investors in the region should focus on product export; Some substitute imported products can be sold in the domestic market after being approved by the competent authorities and paying customs duties and consolidated industrial and commercial taxes.

4. foreign investors are allowed to invest in the construction of airports, ports, railways, highways, power stations and other energy and transportation projects in the region. From the profit-making year, their income tax will be exempted for the first five years and levied at half in the next five years.

5. Foreign businessmen are allowed to set up the tertiary industry in Pudong New Area, and those industries such as finance and commodity retail that are prohibited or restricted by current regulations can be tried out in Pudong New Area upon approval.

6. Foreign investors are allowed to set up foreign banks in Shanghai, including Pudong New Area. First, financial companies are approved, and then several foreign banks are allowed to set up branches according to the actual needs of developing Pudong. At the same time, the income tax rate of foreign banks should be appropriately reduced, and different tax rates should be implemented according to different businesses. In order to ensure the normal operation of foreign banks, Shanghai will promulgate relevant laws and regulations as soon as possible.

7. In the bonded area of Pudong New Area, foreign trade institutions are allowed to engage in re-export trade and act as agents for foreign-invested enterprises in the area to import raw materials and spare parts for production and export products. For the main management personnel in the bonded area, they can apply for multiple entry and exit passports to provide convenience for entry and exit.

8. Chinese-funded enterprises in the region, including investment enterprises in other parts of China, will be treated differently according to the industrial policy of Pudong New Area. Enterprises that conform to industrial policies and are conducive to the development and opening up of Pudong may also be given preferential income tax reduction or exemption as appropriate.

9. The policy of paid transfer of land use right shall be implemented in the area, and the use right shall be 51 to 71 years, and foreign investors may contract for development in pieces.

11. In order to speed up the construction of Pudong New Area and provide the necessary infrastructure for development and investment, the new fiscal revenue of Pudong New Area will be used for the further development of the new area.

Legal basis: Ten Preferential Policies for the Development of Pudong, Shanghai

Article 1 Productive "foreign-funded" enterprises in the area shall be taxed at a reduced rate of 1.5%; If the operation period is more than ten years, it will be exempted within two years and levied at half in three years from the profit-making year.

article 2 the import of necessary construction machinery, equipment, vehicles and building materials in Pudong development zone shall be exempted from customs duties and consolidated industrial and commercial tax. The equipment, raw and auxiliary materials, transport vehicles, office supplies for personal use, foreign-funded enterprises in the area shall be exempted from customs duties and consolidated industrial and commercial tax; Export duties and consolidated industrial and commercial tax shall be exempted for products that meet the requirements of the state.

Article 3 Productive projects invested by foreign investors in the region should focus on product export; Some substitute imported products can be sold in the domestic market after being approved by the competent authorities and paying customs duties and consolidated industrial and commercial taxes.