Simple investment procedures; Licensing time is minimized.
Investors do not have to pay any service fees, except for fees and charges according to State regulations.
The Quang Nam Economic and Industrial zones Authority is the focal point to guide, receive and resolve all requests from investors in the fields of investment, land, construction.
Investors are given favorable conditions and help to solve problems that arise during project implementation in Economic Zones and Industrial Parks in Quang Nam province.
Investors enjoy the highest investment incentives according to Vietnamese law on taxes and land, specifically:
Investors are eligible for the highest investment incentive policy according to the provisions of Vietnamese law on Land and Tax, specifically as follows:
- Corporate Income Tax: Corporate Income Tax rate of 10% (ten percent) for a period of 15 (fifteen) years from the time the investment project generates revenue, Corporate Income Tax exemption for 4 (four) years from the date of taxable income, and 50% (fifty percent) reduction on Corporate Income Tax for the next 09 (nine) years .
- Import Tax: Import Tax exemption to create fixed assets, Import Tax exemption for raw domestic materials, supplies, and components imported for production for a period of 5 years
- Land:
+ The duration of land use for production and business in Economic Zones must not exceed 70 years.
+ Land rent: Exempted during the period of the project implementation, or exempted or reduced for a number of years based on the list of fields and areas with investment incentives and especially investment incentives; land in Industrial zones with completed infrastructure is entitled to highly competitive land rental unit price.
+ Infrastructure: Invested in technical infrastructure for transports, electricity, water, and communications to functional area boundaries; projects in Industrial zones are invested in technical infrastructure for transports, electricity, water, and communications to project boundaries.
+ In addition to the general regulations, for large-scale investment projects playing a key role in the development of industries such as non-tariff zones and free trade zones; hi-tech projects, the government in Quang Nam province, the Management Board of Economic Zones and Industrial Zones in Quang Nam province will coordinate with investors to submit to the Government for the application of special policies to ensure effective investment attraction and project implementation.