RECEIVES MANY INCENTIVES FOR INVESTING IN THE DA NANG HI-TECH PARK
The Decree No. 04/2018/ND-CP on incentive mechanisms and policies for the Da Nang Hi-Tech Park issued by the Government on January 04, 2018 and takes effect on February 20, 2018.
This Decree indicates that enterprises having investment projects in the Da Nang Hi-Tech Park receive many incentives policies on tax, land, Investment credit and other incentives…
In particular, enterprises implementing new investment projects in the Hi-Tech Park are entitled to the enterprise income tax rate of 10% for 15 years; new investment projects in the Hi-Tech Park each capitalized at VND 3 trillion or more are entitled to the preferential tax rate of 10% for 30 years; enterprises implementing new investment projects in the Hi-Tech Park are entitled to enterprise income tax exemption for 4 years and a 50% reduction of payable tax amounts for 9 subsequent years;
Land rental exemption for investment projects’ entire lease period in the cases land used for building transport and technical infrastructure facilities, land with greeneries, water surface and public parks under the approved master plan and zoning plan; land used for building non-business facilities of public non-business units; land used for building hi-tech human resource training institutions in accordance with the law on high technologies; land used for building housing projects for lease to experts and workers of the Hi-Tech Park under the master plan approved by a competent state agency…
Also in accordance with this Decree, overseas Vietnamese investors, experts and workers, foreigners working in the Hi-Tech Park and their family members including parents, spouses and under-18 blood and adopted children may be granted multiple-entry visas with a validity duration suitable to their entry purpose.
