锟斤拷锟斤拷1. Favorable Investment Policy

锟斤拷锟斤拷Taxes Policy

锟斤拷锟斤拷1). Ningxia tax authorizes give some favorable policies for foreign investors settled-in World Muslim Folklore Mart and their tax collection is fixed. According to different collection standards for different categories of products, restaurant tax collection is fixed, value-added tax can be used in clothing (17%), and other commodities use the rate of 8%

锟斤拷锟斤拷2). Customs has taxation standards of saffron, spices, handicrafts, carpets of Iran, food, gold and silver jewelry, Arab spices, perfumes and other beauty products. The tariff is follows:

锟斤拷锟斤拷Foreign Exchange Policy

锟斤拷锟斤拷3). Foreign investor can handle registration in Bank of China which offer foreign exchange and import business , but the business is limited to the international common currency. And foreign exchange rate takes the real-time exchange rate.

锟斤拷锟斤拷2. Investment Procedures

锟斤拷锟斤拷4). Foreign Investors’ merchandise can transport in China by way of registering a local foreign investment trade company or find a suitable trade company to be an agency in charge of importing.

锟斤拷锟斤拷5). When the merchandise come to customs, it should pay tariff and added-value tax. Other procedures can entrust an agency to handle it by customs declarer.

锟斤拷锟斤拷6). Visa consists of work visa and temporary visa. Work visa costs 400 Yuan and temporary visa costs 160 Yuan without guarantee deposit. How long will the visa process depends the date of signing the contract, it should be renewal at maturity.

锟斤拷锟斤拷7). Cost of visa should be paid by foreign investors themselves, the procedure is as follow:

锟斤拷锟斤拷a. Foreign investor offers scanning copy of self-passport and residence permit.

锟斤拷锟斤拷b. Our company will go to local foreign affairs office to handle the invitation, and then send the original to foreign investor.

锟斤拷锟斤拷c. Foreign investor goes to the Chinese embassy to handle the visa with the invitation.

锟斤拷锟斤拷8). It takes two or three business days to handle the visa and the cost of visa should be paid by foreign investors themselves. Our company would help to handle the working license.

锟斤拷锟斤拷9). Registered company should handle the administration formalities without need of guarantor; meanwhile, foreign investors should offer detailed self-information.

锟斤拷锟斤拷10). Foreign investors settle-in the World Muslim City by way of doing solely proprietorship or establishing joint venture with Ningxia World Muslim City Co. Ltd.

锟斤拷锟斤拷11). It has a limitation of business scope when register trade company for foreign investor. Investor should do business legally within the scope.

锟斤拷锟斤拷3. Service Environment

锟斤拷锟斤拷12). Foreign investors can use temporary plank to reserve the merchandise after settling-in.

锟斤拷锟斤拷13). The price of the merchandise depends on the businessmen, every shop can bargain on the base of the marked price.

锟斤拷锟斤拷14). Foreign investors must register a company when settling-in World Muslim City, or work as an employee of World Muslim City to do some businesses.

锟斤拷锟斤拷15). The retail shop is supported freely to foreign investors within the first six months, but the latter half of the year, the rental expenses will be 12 to 18 Yuan per square meter a month. Water, electricity, natural gas cost to standards of valuation in accordance with local utilities is paid for businessmen theirselves. (Now Ningxia commercial electricity is 0.76 Yuan per kWh, commercial water charges is 2 Yuan per cubic meter, commercial natural gas is 1.8 Yuan per cubic meter, commercial property costs 1.5 to 2 Yuan per square meter a month)

锟斤拷锟斤拷16). World Muslim City will open in winter especially in main festivals such as Christmas Day, New Year's Day, Spring Festival and Lantern Festival to create a well business atmosphere.

锟斤拷锟斤拷17). Foreign exchange takes the real-time exchange rate. (On March 22, 2011, the exchange rate was 6.5575 against the USD and about 1.85 against the dirham)

锟斤拷锟斤拷4. Transportation

锟斤拷锟斤拷18). Ningxia launched flights to all capital cities in every province. There is at least one flight to the capital cities, and more than four times flight to Beijing, Shanghai or other big cities. Every flight will last from one to four and a half hour.

锟斤拷锟斤拷19). At present, there is nearly 2.3 million Muslims lived in Ningxia; it occupied the 36% of total population. Ningxia is located in the center of China. Therefore, it is the best channel to transport goods between China and Arab countries and it is convenient to flight to the Southwest and Mid-East

锟斤拷锟斤拷20). Ningxia World Muslim Folklore Mart will open during the China-Arab Exposition 2011.

锟斤拷锟斤拷21). Ningxia has launched flight to Dubai.