NingboLife and NingboExpat since 2004 - It's Happening.... Tue, 22 Sep 2020 19:18:12 +0800 Joomla! - Open Source Content Management en-gb The Integrated Application of Electronic Business License and Electronic Seal in Ningbo

Since August, the digitalized “1+0” mode for opening enterprise in Ningbo has been officially launched. According to this mode, a newly opened enterprise can simultaneously obtain an electronic business license, electronic seal and tax UKey. This is another innovative measure taken by the city to further reduce the time for opening enterprises, to improve the convenience of setting up enterprises, and to stimulate the entrepreneurial and innovative vitality of market subject. Ningbo is the second city in China to implement the integrated application of electronic business license and electronic seal after Shanghai.

What is “1+0” mode? According to the director of the Administrative Examination and Approval Division of the Municipal Market Supervision Bureau, “1” refers to the integration of seal making and invoice application into the business establishment process, achieving “1 link” completion; “0” refers to zero cost, i.e., the newly opened enterprise will obtain free electronic business license, electronic seal, tax UKey at the same time. The director said, “We have integrated all the online links and business systems of enterprise establishment to achieve ‘one-time login, one-network operation’. We will extend the enterprise establishment window to various bank outlets and provide one-stop service offline through deepening the cooperation between government and banks.”

Featured Governmental News Tue, 18 Aug 2020 13:01:22 +0800
More than 10.7 Billion Yuan of Tax Deductions and Exemptions in Ningbo for Energizing Enterprises

The data of the final settlement of the business income taxes in 2019 of Ningbo are released. It is indicated that there are 1060 high-tech enterprises in Ningbo enjoying the preferential policy of lowered 15% tax rate for income tax, which is 4.666 billion yuan of tax reduction; 5678 enterprises enjoy the preferential policy of 175% additional deduction for research and development expenses, and the tax reduction is 6.039 billion yuan for them. The two policies have reduced the burden of 6738 companies by more than 10.7 billion yuan. The number of enterprises as beneficiary has increased by 26.63% year-on-year, and the amount of tax deductions and exemptions has increased by 25.07% year-on-year.

“For we thought that the additional deductions of R&D expenses and preferential policies for high-tech enterprises were the ‘privilege’ of the manufacturing industry, we did not expect that the construction industry could also be covered by this policy!” Ningbo Municipal Engineering Construction Group Co., Ltd. is a newly recognized high-tech enterprise in 2019. For this unexpected tax cut, Chief Financial Officer Chen Bohe was overwhelmed with joy

Featured Governmental News Tue, 18 Aug 2020 12:58:16 +0800
Hand in hand with Artists from Central and Eastern European Countries Ningbo’s first international exchange art exhibition in 2020

August 5, the Watercolor Exhibition of Central and Eastern European Countries hosted by Ningbo Museum of Art was launched online on its WeChat public account, exhibiting a series of masterpieces by artists from 15 countries in Central and Eastern Europe. This is the first international art exhibition held in Ningbo in 2020.

Since 2014, Ningbo Museum of Art has organized annual art exhibitions of Central and Eastern European Countries concurrently with the annual Central and Eastern Europe Investment and Trade Fair. The first five exhibitions have received extensive attention from domestic and foreign media. After months of hard work in preparation by the organizer, 22 artists from 15 countries in Central and Eastern Europe participate in the event at invitation. These artists are active in Central and Eastern

Featured Ningbo News Tue, 18 Aug 2020 12:57:18 +0800
Ningbo Zhoushan Port's railway freight volume hits a new monthly high

With the recovery of the port, the business of Ningbo Zhoushan Port's iron ore and container sea-rail combined transportation business is growing. Ningbo Zhoushan Port announced on August 4 that 2.29 million tons of the railway freight volume was completed in July, a year-on-year increase of 22%, setting a new monthly record.

In response to the impact of heavy rainfall in parts of the south and the obstruction of traditional waterways and road freight, Ningbo Zhoushan Port actively communicated with Shanghai Railway Bureau Dispatching Office and Ningbo Train Depot to grab iron ore shipments and help relevant steel mills to stabilize the supply of goods. In July, the railway transport volume of iron ore was 920,000 tons, a year-on-year increase of 25.4%. At the same time, in order to meet the demand for electricity and coal in the “peak summer”, the business of “transit to railway” for coal at Ningbo Zhoushan Port has been upgraded from “daily shifts” to “2 days 3 shifts” starting in July, and coal freight has developed steadily.

Featured Ningbo Port Tue, 18 Aug 2020 12:54:50 +0800