¡¡¡¡PDDZ is located at the Yangtze River delta, the most dynamic economic region in China, which borders Shanghai, China¡¯s economic center. It takes about 1 hour¡¯s drive to some large- or medium-sized cities like Shanghai, Suzhou, Hangzhou etc. and easy to get the complete-set services with the development of the settled enterprises. Therefore, the investment cost such as land price, labor salary, social insurance fee etc is much lower than that of the large- or medium-sized cities around it.
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Land Price
¡¡¡¡The transfer price is determined according to the type of project, the land location and investment scale. And different preferential policies will be offered to industrial project on the basis of the land cost.
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Fee for handling certificate¡¡¡¡The tax of land transfer is 3 percent of the evaluated value of land, fee for surveying, evaluating, certificate etc about RMB2,600yuan/per mu (1 mu equals to about 667m2)
The time limit of land transfer: 50 years for industrial use; 40 years for commercial use; 70 years for resident use.
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Factory Building
¡¡¡¡Factory building leasing: the general price is about RMB8-10 yuan/
m2.month; the construction cost of factory building RMB400-600 yuan/m2.
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Tap water charge ¡¡¡¡RMB1.4yuan/ton for industrial use; RMB1.55yuan/ton for living use.
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Power charge¡¡¡¡Below 300KVA: the valley charge is RMB0.551yuan/kwh, peak charge RMB0.772yuan/kwh, average chargeRMB0.688yuan/kwh; Over315KVA: the valley charge is RMB0.382yuan/kwh, peak charge RMB0.611yuan/kwh, average chargeRMB0.510yuan/kwh.
¡¡¡¡¡¡Business Registration Fee
| Amount of registered capital | Fee charged |
| RMB£€ 10 million or less | 0.8¡ë |
| Over RMB£€ 10 million | 0.4¡ë (for the exceed portion) |
| Over RMB£€ 100 million | 0 (for the exceed portion) |
¡¡¡¡¡¡LABOR COST
¡¡¡¡Salaries and wages of the employees working in the foreign-funded enterprises are determined by the enterprises themselves on the basis of not below the local minimum salary standard (the present standard: RMB£€ 670/person/month). Average salary: RMB670-800/person/month for general worker, RMB£€800-1500/person/ month for managing employee.
| Item | payment by the enterprise (%) | payment by individual(%) |
| Pension | 20 | 7 |
| Unemployment | 2 | 1 |
| Medicare | 7 | 2 |
| Industrial injury | 0.5 | -- |
| Child bearing | 0.5 | -- |
