YANGZHOU ECONOMIC DEVELOPMENT ZONE(YZEDZ)

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We are looking forward to cooperate with you!

Geographic Location

Environment
            1.Nature Environment
            2.Environment Protection

Planning Area

Infratructure in yzedz
           1.Water Supply
           2.Electricity Supply
           3.Gas Supply
           4.Heat Supply
           5.Communications
           6.Road Facilities
           7.Rain and Waste Water Drain

Adaministrative Agent

Labour Source

Forms of Investment

Procedures of Investment

Special Policy
           1.Taxation
           2.Land Use
           3.Factory Buildings for Lease

Projects

Most of Joint Ventures, contractual enterprises and foreignfunded enterprises must be approved by the administrative commit[ee of YEDZ, except that some projects are required to be approved by provincial government and  the State Council. The administrative committee is authorized to approvc the maximum $ 30,000,000 investment project.
The specific procedures are:
1.Search for Suitable Investment Partner

Foreign investors can try various means, eithcr to directly contact TradePlanning Office in YEDZ or to contact some related companies, enterprises and other economic organizations or advisory body.

2.Submission of Project Proposal

After finding their investment partner, both sides begin to discuss some details, like the name of the project,place, production size, investment amount, forms of investment, means of co-operation, products quality, sales,distribution of profits and etc. After most of the issues are agreed on, Chinese partner makes a plan for the projectproposal and submits it to the administrative committee of YEDZ. And in turn, the administrative committec will carefully examine the project proposal, and make sure that the proJect will meet the need of YEDZ's social and economic development and that it has co-operative qualifications. If so, approval will be givcn within 20 days.

3.Submission and Aapproval of  a Feasible Plan,Contract and Regulations

Afier the proJect proposal is approved, both sides will rurther study its feasihility. If necessary, they will conduct a survey. Lastly, they make an agreed feasible plan and submit the original to the administrative committee and give copies to ihe relaied departments.Based on this. both sides can talk about the signing of a contract and related regulations. And Chinese partner submits the plan to the administrative committee. which, in turn, will examine and approve the feasible plan, contract and regulaiions within 30 days. If project is approved, Chinese partner will apply to the administrative  commrttee of YEDZ or Yangzhou Municipal Foreign Trade Committee for an approval ccrtificate.

4.Register and  Business License

With the approval certificate, they apply to register in Yangzhou industrial and Commercial Administrative Department. While registering, they must provide the approval certificate, their agreements, contract, related regulations and some other papers.They fill out the registration form. When the business license is issued, it means ihe founding of the jointventures and contractual enterprises. With the business license, they register in Yangzhou Tax Burcau and open an account in the bank.

5.Others

If investment capital of production project is over $ 30,000,000, Chinese partner must submit the proJect proposal io Jiangsu Province Foreign Economy and Trade Committee and then transfer it to the State Council to get the approval. After the approval, both sides make a feasible plan, contracts and regulations, submit them to Jiangsu Province Foreign Economy and Trade Committee and then transfer them to the State Council to get approval. Then they can get an approval certificate.If foreign investors set up enterprises independently, they can entrust Information Service of YEDZ with application and submission procedure.

The above procedures also apply to investors from Hongkong, Macao and Taiwan.