TO EXEMPT FROM THE NATIONAL INNOVATION CENTER LAND RENTALS FOR 50 YEARS
The Decree No. 94/2020/ND-CP on preferential mechanisms and policies for the National Innovation Center (NIC) is issued by the Government on August 21, 2020.
Specifically, the NIC is entitled to rent land for 50 years in the hi-tech zones and is exempted from all land rentals for the entire lease term. The affiliate of the NIC in the Hoa Lac Hi-Tech Park shall be exempted of infrastructure charges for the land areas it rents in the areas subject to payment of infrastructure charges for technical infrastructure facilities invested by the State; be exempted of all land clearance compensations and expenses, supports, resettlement. The State budget shall cover all the ground leveling expenses for the investment project of the NIC’s affiliate.
Additionally, the NIC shall be exempted from duties on goods imported to create fixed assets, goods imported for direct use in scientific research, technological development, technology incubation development, scientific and technological enterprise incubation development, technological innovation in accordance with the provisions of the Law on Export and Import Duties.
Creative entrepreneurs and innovative start-ups operating at the NIC, when registering for enterprise establishment, shall be granted enterprise registration certificates within 01 working day since the business registration sections receive the valid enterprise registration dossiers and shall be given priority to carry out procedures for the establishment of industrial property rights ahead of time when requested.
This Decree takes effect from October 05, 2020.
