BJFEZ, where your potential becomes reality
Customs Duty Exemption
Acquisition Tax Exemption
Property Tax Reduction/Exemption
Corporate Tax Reduction/Exemption
VAT Exemption
VAT Refund
Special Consumption Tax Exemption
Liquor Tax Exemption
Low Rental Fee
Rent Reduction
Cash Grant
Interest Rate Support
Infrastructure Support
Training Support
Simplified Import/Export Clearance
Simplified Freight Management
Type of tax | Reduction details | Period | Requirements(e.g. FDI Amount) | ||
---|---|---|---|---|---|
National tax | Customs duty | 100% | 5 years |
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Local tax | Acquisition tax | 100% | 15 years |
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Property tax | 100% | Busan | Jinhae | ||
7years | 10years | ||||
50% | 3years | 5years |
※ Specific terms depend on the site(FEZ, FTZ, individual/complex type)
Business/Industry | Reduction Rate | Requirements | Remark | |
---|---|---|---|---|
FDI Amount ($USD) | No. of Employees | |||
Technologies for New Growth Engine Industry |
100% | Over $1M | For 10 years | |
Advanced Manufacturing | 100% | Over $5M | For Companies manufacturing Material & Components | |
90% | Over $2.5M | 150-200 or less | ||
75% | Over $5M | |||
Over $2.5M | 70-150 or less |
Cash grant is a system to provide part of the business cost in cash for companies which operate in a new growth engine technology accompanying industry or high technology and high-tech product industry or materials and components industry, create large-scale employment, or which establish an R&D center or regional headquarters to promote FDI which contributes significantly to the national economy