CITIC Industrial Park Project

1.Project Overview

The project is located at No. 13 Guotai Road, North District of Weihai Integrated Free Trade Zone. It was built by Weihai Lianzhong Commercial Management Co., Ltd., covering an area of 35,011 square meters and a total construction area of 60,490 square meters. There are 10 five-storey industrial plants with standard frame structure, of which 3 are about 3,200 square meters, 5 are about 5,200 square meters and 2 are about 15,000 square meters.

2.Project Basic Conditions and Advantages

Location advantages:

The project is located in the center of Weihai urban area, where convenient transportation is the most powerful guarantee for enterprise development and logistics distribution. It is adjacent to the provincial-level and above high-grade highways such as Chuzhang Road and Weishi Road, which make it the gateway of Weihai. It is 3 kilometers from Weihai Bus Station and Railway Station, about 5 kilometers from Weihai Port and about 30 kilometers from Weihai International Airport. It is the transportation hub connecting Weihai and surrounding areas.

Policy advantages:

The project is located in Weihai Integrated Free TradeZone, which is one of the Special Area Supervised by Customs with the highest level of openness, the most preferential policies, the most complete functions and the most simplified procedures. Enterprises in Weihai Integrated Free Trade Zone will enjoy infrastructure, equipment, and a reasonable amount of office supplies for their own use, exempt from import duties and import linkage taxes; there are exclusive policies for comprehensive bonded zones such as trade control policies, bonded supervision policies, and foreign exchange policies.

3.Policy support

For the processing and manufacturing projects newly registered in the Weihai Integrated Free Trade Zone, if its foreign-invested registered capital of the enterprise paid not less than 10 million US dollars, the domestic-funded fixed-asset investment is not less than 100 million yuan or if the foreign-invested registered capital paid no less than 5 million US dollars, the domestic-funded fixed-asset investment is not less than 50 million yuan and operate more than two supporting enterprises with an average actual investment of more than 30 million yuan, in the first 3 years since the date of operation, support funds shall be provided according to the proportion of 100% in line with the local-level contribution part made by the enterprise (referring to the local residual part of the value-added tax and income tax paid by the enterprise in the district, the same below), which shall be used for the investment of fixed assets and equipment of the enterprise.

For high-growth enterprises newly registered in Weihai Integrated Free Trade Zone (with an average annual growth rate of not less than 10%), if the contribution to the local economic development of the district reaches 500,000 yuan or more and less than 3 million yuan from the date of operation, with the local-level contribution part made by the enterprise in the first 3 years since the date of operation as the reference, support funds shall be provided according to the proportion of 80%, which shall be used for the investment of fixed assets and equipment of the enterprise. Enterprises are encouraged to increase unit output. For enterprises newly registered in Weihai Comprehensive Bonded Zone, if the tax paid in any natural year reaches 200,000 yuan/mu or more in the first 5 years from the date of operation, then the local-level contribution of the enterprises in that year shall be taken as a reference, and support funds shall be provided according to the proportion of 80%.

4.Direction of Business Cooperation

Cooperation projects such as electronic information industry and cross-border e-commerce industry are welcomed. The main way of cooperation is providing rental property, rent is 120 yuan / square meter / year and the rent of whole building is 100 yuan / square meter / year.

5.Contact us

Contact person: Zhengquan Qian

Tel: 0631-5991180


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