FAQ
What kind of incentives do you provide me if I invest in manufacturing businesses in JeollaNamdo?
Writer
administ
Posted at
2017-06-08
Q/ What kind of incentives do you provide me if I invest in manufacturing businesses in JeollaNamdo?
A/
- Incentives for foreign invested companies are made in two ways, providing tax benefits and granting subsidies
- Tax benefits
․National tax (corporate tax and income tax) reduction: For 7 years (100% for 5 years, 50% within 2 years)
․Acquisition tax and registration tax: 100% reduction / Property tax: 100% reduction for 15 years
- Subsidies
․By cash: purchasing cost of land, construction expenses, employment subsidy, and education/training subsidy (Negotiated with investors or decided by the Foreign Capital Investment Committee)
․By infrastructure: Including roads, water facilities, and city gas facilities
․Disposal of national/public properties and reduction of rent - The incentives mentioned above are not applied to all companies in the same way. You can get further information on it from a related division. Please contact Foreign Capital Investment Promotion Team (Tel. 061-286-4746), Business and Enterprise Development Division.